Loading ...Players are in fact coming into the paper PM’s like never before as well.
Records are being set as we speak.
Only thing is one must be patient for the point where da boyz will inflate with abandon again, and step away from this constant shorting in futures.
And that will not happen until stocks are considerably lower.
I am not expecting a big sell-off in gold and silver going into the fall as the Fedsters are likely to start jawboning back towards a propensity to soften their stance beginning soon (next month at Jackson Hole?), but still, if recent actions are any indication, gold will trade in the $1800 before a sustainable rally should be anticipated – CBDC talk or not.
It could be argued the physical off-take at present (and futures buying) are anticipating the BRICs announcement, meaning it’s being factored into the trade now – leaving the door open for disappointment at the time.
Especially if the equity complex begins to struggle and liquidity dries up.
Cheers all