Today Alasdair Macleod said the Comex gold short squeeze is set to intensify as gold miners attempt major breakout.

Gold Short Squeeze
April 22 (King World News) – Alasdair Macleod:  “My take on gold this morning: yesterday’s attempt to shake out the bulls failed. If the COT position for bbs did not improve then the Comex gold crisis is set to intensify. I shall be looking at Large 4 Traders net shorts. Will they increase from 176,658 contracts?”

Gold’s On The Rise
Fred Hickey:  “Could be important day for gold miners. Propelled by Fed’s “unlimited” money printing, skyrocketing budget deficits ($484 billion deal signed soon -followed by an even bigger Trump/Democrat led spending binge -Phase 5), gold’s on the rise and miners could finally break above 2016 highs (see below).

Gold Miners Attempting Major Breakout

Fallen Angels
Peter Boockvar:  “In another sign of just how far central bankers are going to keep the financial system on their shoulders, the ECB is holding a conference call today to discuss whether to accept junk bonds as collateral for loans to banks. To be clear, this would be a nuanced acceptance of junk bonds in that they would agree to taking newly anointed junk paper, aka fallen angels. It’s the same game the Fed is now playing.

At the same time and in the face of all the ECB buying, Italian bond yields continue higher. They jumped by 15 bps on Monday, 22 bps yesterday and by another 3 bps today to 2.18%. Italy’s budget deficit as a % of GDP is expected to be 10% soon. Yields are also rising today in Spain and Portugal with 10 bps move up in each. It literally is the ECB vs the market.

Another Reason To Be Bullish On Gold & Silver
Not that I needed another reason to be bullish on gold and silver but this just adds to it on the assumption that the ECB is just going to continue to print in order to suppress interest rates. Separately, on the belief that what we’re seeing in oil prices this week is what bottoms are made of, the big, mega cap oil majors with their large dividend yields look really attractive. I believe we’re going to see a lot more reopenings in May around the world, which means more and more people are going to be getting back in their cars again in the months to come which is a key part of the demand side which has basically disappeared.

Did You Miss Kirkland Lake Gold’s 50-Fold Share Price Increase?

Kirkland Lake Gold Skyrocketed From $1 To Over $50!

Two Billionaires Just Bought Huge Stakes In The Next Kirkland Lake Gold!
To find out which company two billionaires just bought huge stakes in what they believe will be the next Kirkland Lake Gold click here.

Look At This Collapse
***Also Released: Look At What Just Collapsed To The Lowest Level Since 1972 And It’s Not Oil CLICK HERE.

***To listen to one of Alasdair Macleod’s most important audio interviews ever where he discusses the perfect storm in the gold market and why “this time the situation is infinitely worse” CLICK HERE OR ON THE IMAGE BELOW.

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