$40 cents club, page-646

I've been in the precious metals game for over a decade now and gold technically and fundamentally is as bullish as I've ever seen it.
Not financial advice, just my own interpretation using available data.


Banks net long position at 52W highs



Managed money net long positions at 52W highs.



Physical gold demand remains strong.


Physical supply remains largely inelastic.


Volumes robust as all gold futures/options prices trend higher.



Central Bank demand remains historically significant.



10Yr Yield remains under pressure.


2 Yr Yield remains under pressure.

USDX remains under pressure.


Global growth remains soft whilst inflation remains stubbornly high (Stagflation).
Gold is recognised as the premium asset to hold during stagflationary periods.












Producer forward hedging near historical lows which indicates producer sentiment is skewed towards a strong future gold price.