On a completely different note, early today I looked at Tuesdays COT report and noted the massive increase in shorts by the Bullion Banks, of course that means the Hedge Funds have added longs. My hopes sank a bit thinking that this coming week might be a struggle for PM's. After today's shock news about Trump, I have assumed that gold will certainly rise as this event adds hugely to the global political crisis that is brewing.
Is this the event that will ultimately push PM's much higher and completely wipe the crooks out. Surely this is the "Black Swan "event that I have been looking for. My cycles man has been saying for a few weeks, something big will occur mid-July.
The reality however is that whatever occurs, it is out of our hands.
COT Gold, Silver & USDX Report - July 12, 2024 | GoldSeek
