Central banks are raising their gold buying targets. India’s reserve bank of India nearly doubles its gold purchases to 65 tonnes in financial year 2021-2022 to 760.42 tonnes.
The USDX looks to have made a false breakout. Hedge funds and retail traders get suckered into right at the top. Same idea in silver, a false breakdown where dumb money..
There’s no guarantee that the GDX $30 and gold $1800 price areas represent any kind of “final low” for the current reaction, although there are a lot of technical green shoots in play, including..
Watching gasoline, heating oil prices as we head into the big holiday demand weekend and summer months. Interesting season ahead with a tight balance in play. Heading back to using coal?
