Here is another gold record, yet another gold catalyst plus a massive short surprise!
Yet Another Gold Catalyst
February 24 (King World News) – Charlie Bilello: US Federal Budget Deficit as a % of GDP…
1950s: -0.4%
1960s: -0.7%
1970s: -1.9%
1980s: -3.8%
1990s: -2.1%
2000s: -2.3%
2010s: -4.8%
2020s: -8.3%
Another Gold Record
Otavio Costa: And again…
India just reported another record level of gold imports.
US Dollar
Ole Hansen, Head of Commodity Strategy at SaxoBank: COT on FX for the week to 17 Feb showed a fourth consecutive week of USD selling, lifting the gross short against eight IMM futures by 12% to USD 22.2 billion — the largest bearish dollar bet in more than five years. Buying of CAD, AUD and, notably, JPY was partly offset by selling of EUR and GBP.
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