The New CS Board

[jumanji0881]

Gold and Silver Delivery Requests Near 1 Year Highs Prompting Cash Settlements : https://schiffgold.com/exploring-finance/gold-and-silver-delivery-requests-near-1-year-highs-prompting-cash-settlements/



Also :
Hedge Funds Are Driving Price Action In The Gold Market : https://www.zerohedge.com/commodities/hedge-funds-are-driving-price-action-gold-market

My Comment : Physical delivery (also see above article) is the only way to break the paper gold market

Excerpt:
Conclusion: How Will Hedge Funds Respond to the Fed?
Hedge Funds certainly trade using technical analysis, which is why Fib targets and round numbers (e.g. $1,800) prove to be such difficult resistance points. Over time, the physical market has pushed prices up, but the short-term move is dominated by hot money. How long until Hedge Funds call the Fed’s bluff? More importantly, how long until there isn’t any physical to back the paper contracts because it’s been delivered and then removed from the vault?

Astute investors should keep the long-term picture in mind. The short-term gyrations can be immensely frustrating, but gold and silver are not Bitcoin. They are not vehicles to get rich quick because that would disqualify them as safe-havens. Remember, what goes up quickly, can come down quickly. Stay the course, trust the fundamentals, use the CFTC analysis to explain the short-term price movements, and understand the protection provided by physical precious metals.