Looking at the wedge on the gold price, things are getting very tight. Given the BIS arrangements coming into play January 2022for all bullion banks who have been exempted until then (London) and the Chinese Gold backed currency coming into play and inflation in the US with Covid raising its head in Europe in another wave the gold price looks like it will break to the upside. Maybe a few last wiggles to reduce liability.
Last night snapshot from futures discussions investing.com
GSR Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
