Loading ...This action is very much the one when you see serious phys buying in the Far East o/n…..the Far East buyers buy and that leaves the dealers short, as they cannot find enough Gold in the Far East to cover their shorts without driving the price way up…so they cover some in London…but the bulk they buy once NY/Crimex is open….that is when the mkt is most liquid……but as we can see the mkt cannot find the Gold without driving up prices.
The Japanese are buying Gold as their Yen falls apart and that looks like it has miles still to go..as Dollar/Yen is breaking up from a 36 year Saucer base, that counts to 400 plus….And the Chinese seem to be throwing in the towel, on their SM tks to Xi announcing he is staying forever as their Dictator and running to Gold ……Both Yen and Yuan Gold are at all time record Hi’s, give a penny or two.