The next time you see the COMEX gold price rally up to a critical resistance point and do so while total contract open interest rises sharply, be prepared for the sharp reversal and pullback that is very likely to follow.
A more interesting question than who will replace Powell is why would anyone want to, since the next Fed chairman will likely face another Fed-caused meltdown.
India ranks as the second-largest gold market globally behind China. Gold extended its gains in July, remaining the top Indian investment class with a 28 percent gain on the year.
