The price of gold is about to blow through $1,800.
June 23 (King World News) – James Turk: Even though Comex marginalized (see Open Interest decline: big traders going elsewhere) Central Banks yet again capping gold (Open Interest jump to 516k).
Central Banks Continue Capping Gold Price
Gold Will Blow Through $1,800
Open Interest should be declining as shorts run for cover. I’m sticking to my view that gold “blows through” $1,770s and expect $1,800+ soon. Central Banks overpowered by the market.
***To listen to James Turk discuss the failure of London Gold Pool II and the price of gold hitting new all-time highs along with silver click here or on the image below.
Gold Surging, Higher Inflation, China/US War Of Words
***Also Released: This Is Why Gold Is Surging Even Higher, Plus Higher Inflation Is Coming, China/US War Of Words And Commodities CLICK HERE.
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