With volatility ramping up in the gold market, here is why the price of gold is set to accelerate toward thousands of dollar higher after consolidation.
Bullish Gold Bets Increase
July 1 (King World News) – Ole Hansen, Head of Commodity Strategy at SaxoBank: “Bullish gold bets jumped 230k lots to the highest since 2017. The “friendly” US-China G20 meeting could add some short term pressure as it may lower the pace of expected FOMC rate cuts. (See charts below).
Managed Money Net Longs In Gold Increase 230k
Managed Money Net Longs In Gold Jump To Highest Level Since 2017!
Silver Net-Longs Increase As Well
Ole Hansen, Head of Commodity Strategy at SaxoBank, continues: “The silver net-long jumped almost 400% despite the lack of triggers to drive it higher. (See charts below).
Managed Money Net Longs In Silver Increase 400%!
Managed Money Net Longs Increasing In Silver
To learn which junior explorer is about to use Artificial Intelligence to select drill targets looking for one of the largest gold discoveries world CLICK HERE OR ON THE IMAGE BELOW
The Global Wrecking Ball
Lawrence MacDonald, Former Head of Macro Strategy Society Generale: “When the global wrecking ball that is the US dollar moves south, good things happen. Lower dollar, nearly everything else higher, that’s all you need to know…(See chart below). (See chart below).
Gold #2 Performer In The Month Of June!
Perfect Gold Storm Brewing
Graddhy out of Sweden: “Perfect gold storm coming; $USD to 80 as expected, Fed rate cuts, QE. As said, everything non-USD up together move coming. It is now here. History in the making. (See chart below).
PERFECT GOLD STORM: Despite Volatility, Gold Price Set To Accelerate Thousands Of Dollars Higher
Another Swiss Bank Can’t Find Client’s Gold
READ THIS NEXT! BREAKING: Greyerz – Another Swiss Bank Can’t Find Their Client’s Gold CLICK HERE TO READ
***KWN has now released an extremely important audio interview with Dr. Stephen Leeb discussing why he believes that the price of gold will soar above $10,000 and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
More articles to follow…
In the meantime, other important releases…
Central Banks See Massive $2.2 Billion In Losses On Gold Shorts, But Here Is Why It May Get Much Worse CLICK HERE TO READ
This Is Remarkable, Plus 3 Absolutely Shocking Charts CLICK HERE TO READ
Stephen Leeb – There Is An 80-90% Chance Of This Happening In The Gold Market CLICK HERE TO READ
Bullion Banks And Commercials Ramp Up Short Positions In Gold & Silver CLICK HERE TO READ
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