Gold has never done this in history, until today, penalty box, gold vs gold ETFs, plus gold and silver FOMO.
Gold & Silver FOMO
August 5 (King World News) – Lawrence McDonald, Former Head of Macro Strategy Société Générale: “Gold FOMO (Fear Of Missing Out) volume, here come the tourists. Come on in, the water is warm. Silver SLV volume is high but not as FOMO as two weeks ago, but higher than all of March today. Capitulation buying greater than capitulation selling.”
King World News note: Are credit spreads about to blow wide open? (See chart below).
Are Credit Spreads About To Blow Wide Open?
To learn which company Eric Sprott just bought a 20%
stake in click here or on the image below
Gold & Gold ETFs
Holger Zschaepitz: ETF demand drives gold to new all-time highs. Meanwhile, the equivalent of 3376 tons of gold is in the ETFs, which is more than the gold treasure of Germany. Germany’s precious metal hoard is 3364 tons. (See chart below).
Gold Price (Yellow) vs Gold ETF Holdings (Blue)
Gold’s Historic Surge
Jason Goepfert at SentimenTrader: Gold has rallied for 13 out of 14 days. That has happened never times before. (See chart below).
FIRST TIME IN HISTORY:
Gold Has Rallied 13 Out Of 14 Days
***To hear one of the most important interviews of 2020 with Michael Oliver discussing skyrocketing gold and collapsing stock markets click here or on the image below.
Silver Highest Since 2013, Gold Surges As Dollar Troubles Continue
***ALSO JUST RELEASED: Silver Spikes To Highest Level Since 2013 As Gold Hits New All-Time High, Plus US Dollar Troubles CLICK HERE.
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