Here is a look at a gold bull breakout, another all-time high, plus fiat troubles.
Good For Gold
February 14 (King World News) – Alasdair Macleod: “Noticed a 17,792 jump in Comex gold open interest yesterday, suggesting decent futures buying. Furthermore, option interest the highest for months, with 16k Oct calls and 8k MAR21 calls taken out. Technically looking very positive.”
Gold Bull Breakout?
Graddhy out of Sweden: “I like that it found support on my thick black dotted support line two days ago, and then closed above MA10 again while putting in a smaller bullish engulfing reversal. (See below).
Gold Is Looking Set Up For A Bullish Breakout
Another All-Time High?
Sven Henrich: “The Federal Reserve is a mere $23 billion away from an all time high in treasury holdings. (See below).
Federal Reserve Balance Sheet Closing In On All-Time High
GOLD BULL ALERT: Fiat Troubles
Alasdair Macleod: “In euros gold is in new high ground. Fiat is in trouble…(see below).
FIAT IN TROUBLE: Price Of Gold Hitting
New All-Time High Priced In Euros
KWN has now released an audio interview
***To listen to Egon von Greyerz discuss the Coronavirus and its impact on markets, gold, silver, stocks and what to expect in 2020 CLICK HERE OR ON THE IMAGE BELOW.
The Perfect Storm
ALSO RELEASED: Alasdair Macleod: Coronavirus And Credit – A Perfect Storm CLICK HERE TO READ.
© 2020 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
