We know that the Chinese and Indian's are vacuuming up all the gold they can find, not to mention the advent of BRICS....but the price is currently $1992.80/oz (with a 52 week range of $1,631.10-$2,085.40). So why isn't gold well over $3,000 or $4,000/oz?
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There is a lot of pressure on the $1980-$2000 level right now.
Yesterday the price closed above the previous supply zone which means that level has officially 'broken' and we are now in an uptrend. That's a lot of pressure on the system of control.
Link that with the buying pressure from the conflict in Israel and I wouldn't be surprised if this is the move that forces the control mechanism to break or at least come out into the open much more obviously.
No-one in their right mind (other than gold miners) will be selling gold right now, so they'll have to leverage what they have more and more (paper gold).
The more that system is leveraged, the smaller the nudge required to stress it to breaking point - i.e. someone actually cashing in their gold paper for actual gold - then the shit will really fly.