gold, page-19723

COT report still in the neutral from my perspective.
We need the COT report to be far more bullish to confirm a decent bottom so this looks like a bounce so we'll see how it unfolds.
A few developments unfolding over the last week or so.
Considering that Modi has declared war on hundreds of millions of people in India and he has the backing of globalist institutions like the IMF and world bank and the europeans are talking about confiscating gold it is not too much of a stretch to think that had Clinton been elected, gold and cash would have been banned this year coming.
This has got absolutely nothing to do with tax revenue.
All the tax revenue in the world won't fix this broken system.
This is all about destroying anything that is in competition with the globalists that they can't control.
What we don't know is how Trump is going to behave.
He is probably agnostic on gold but I doubt he would have much of a problem banning gold if it got in his way.
This system is completely broken and needs to be pulled apart and rebuilt.
The trend is set and this is one powerful trend.
It cannot be stopped.It is like a tsunami and will run its course.
If the political class refuses to change, the tsunami will grow and sweep everything in its way.
Whatever is left, will likely be unrecognizable.
For sizable holders of physical gold it might be worth looking at diversifying into industrial monetary metals like silver and palladium.
This is not advice or a recommendation,it just might be worth considering.
Happy New Year.