On Thursday and Friday COMEX gold spiked each day for US$26 and then US$36 to peak at US$1879. Both spikes were shorted heavily (by the usual suspects) into a rising trend that ended the week at $1850.30 (April contract). Speculators posting on Wall Street Bets / Reddit are organizing a global effort to run the shorts out of silver and gold in the coming week. They have a lot of support after the run in GME and other U.S. shorted stocks went into moonshot mode. Will impact gold producers in coming week. Good luck to all longs in AMG.
On Thursday and Friday COMEX gold spiked each day for US$26 and...
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