https://www.gainesvillecoins.com/blog/strong-pboc-chinese-private-sector-buying-boosts-gold-price
It seems China is driving the gold price by itself.
The Indians have gone quiet as they are sensitive to the gold price.
The West is not in yet.'I’m expecting the West to join the bull market soon. ETF outflows appear to have stopped, and it would only be logical for Western investors to rotate into gold at some point because of high asset valuations and an overconfidence in credit instruments'
Now what happens when the markets decide that gold now has a one-way trajectory, and the Chinese, Indians, and the West, all decide that if they want physical gold, then they must buy, whatever the price.
What happens when those who are desperately shorting the market, have to bid too, before they are even more trapped.
Welcome to the nickel hyper inflation, on steroids, with cherries on top!
Bingo!
Best looking weekly chart, page-2116
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Last
$13.23 |
Change
-0.150(1.12%) |
Mkt cap ! $15.20B | |||
| Open | High | Low | Value | Volume |
| $13.42 | $13.53 | $13.13 | $48.76M | 3.667M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22898 | $13.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.24 | 34465 | 4 |
View Market Depth
| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| NST (ASX) Chart |