On the heels of a wild week of trading, record gold buying launched the price of gold above $1,400, plus look at the silver surprise.
Record Gold Futures Buying
June 23 (King World News) – Ole Hansen of SaxoBank: “Strong buying of gold continued ahead of the post-FOMC surge to $1400/oz. Funds increased the net-long by 21% to 190k lots, a 16-months high. During the past three weeks a record 157k lots has been bought. (See charts below).
RECORD FUTURES GOLD BUYING: Managed Money Longs Hit 16-Month High
However, Net Managed Money Gold Longs Remain Well Below Previous Highs
Ole Hansen of SaxoBank continues: “Silver returned to a net-long. (See charts below).
Managed Money Barely Long The Silver Market
SILVER BULL? Managed Money Still Has A Lot Of Buying To Do In The Silver Market
Also read just released GOLD BREAKOUT: Here Is What The Violent Trading Will Look Like Going Forward CLICK HERE TO READ
More articles to follow…
One of the most important interviews of 2019…
Gold Will Spike To $1,700 In A Matter Of Months
Michael Oliver: “We’re in a major situation in gold. It happens that right now we are sitting on an explosive situation in gold and gold stocks. I suspect that by the end of the year we will see at least $1,700 gold. But by no means is that the end of the move…To continue listening to one of the most important interviews of 2019 CLICK HERE OR ON THE IMAGE BELOW.
Michael Oliver worked directly with the Chairman of the COMEX in the 1970s bull market in gold and silver and he also called the 1987 stock market crash!
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