By conventional measures on Comex, gold is now vulnerable to a correction. But there’s growing evidence that there are other forces at play
Read full text: https://www.lewrockwell.com/2024/09/alasdair-macleod/gold-rising-no-the-dollars-falling/
What are the hedge funds selling to buy gold futures? This is my next chart and it is scary:
This death cross on the USD TWI, when the price is below falling moving averages with the 55-day falling below the 250-day and their decline accelerating explains why hedge funds are throwing caution to winds buying gold futures, seemingly at any price.
