Today London analyst Alasdair Macleod spoke with King World News about what he is being told by his contacts in Asia as the price of gold approaches the $1,900 level.
January 7 (King World News) – Alasdair Macleod: “Eric, I think it’s very interesting (the trading action in gold). What’s fascinating is all of the technical analysts were saying, ‘After a $200 run, it’s time gold had a setback.’ I mean that was even amongst the bulls. And there was a rising wedge which the gold price appeared to break down from, and then it just shot up and went through the top of it. This action is confounding all of the technical analysts. But behind it all is a shortage of physical. I was talking to some friends in Asia today, and the word out there is…to continue listening to Alasdair Macleod discuss what is happening in Asia as well as what Russia is up to in the gold market along with what surprises to expect as we kickoff 2023 CLICK HERE OR ON THE IMAGE BELOW.
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