Alasdair Macleod
@MacleodFinance
·
Sep 29
The current markdowns in gold and silver are immensely bullish. I’ll explain.
Open interest on Comex in both contracts is low They will begin to normalise and that means bullion banks expect investor and speculator demand to return, which will lead to higher prices. This is what they are preparing for.
The opportunity is contract expiry, coupled with Golden Week holidays in China from 1st October. It allows them to mark down prices, triggering long stops and crushing sentiment without being challenged.
In short, the bullion establishment is preparing for higher gold and silver prices into the year-end. Nervous investors should take note!