Is this what the whole decline in the gold market has been about?
Key Chart For The Gold Market
March 4 (King World News) – Alasdair Macleod out of London: Current OI (Open Interest) is 467,008 contracts, which is lower than the bottom seen last June 8 (469,893). (See chart below).
IS THIS WHAT IT’S ALL BEEN ABOUT?…
Open Interest Lower Than Last Major
Bottom In Gold In June 2020!
King World News note: The bullion banks have been aggressively covering their gold shorts in this takedown. Sentiment is about as bearish as you will ever see. This is exactly how you make major bottoms in the gold market. They may shake it a little lower but the downside (short) trade is becoming exhausted. Be ready for a big reversal soon.
Did You Miss Kirkland Lake Gold’s 50-Fold Share Price Increase?
Kirkland Lake Gold Skyrocketed From $1 To Over $50!
Two Billionaires Bought Huge Stakes In The Next Kirkland Lake Gold!
To find out which company two billionaires bought huge stakes in what they believe will be the next Kirkland Lake Gold click here.
To listen to a powerful and timely interview with E.B. Tucker about the fierce trading action in the gold and silver markets CLICK HERE OR ON THE IMAGE BELOW.
Alasdair Macleod discusses why the gold and silver markets are very close to a major bottom CLICK HERE OR ON THE IMAGE BELOW TO LISTEN.
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