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Tuesday, 09/20/2022 1:50:10 PM

Tuesday, September 20, 2022 1:50:10 PM

Post# of 37920
The Tipping Point For Gold
https://www.zerohedge.com/commodities/tipping-point-gold

Excerpts:
The Wave 4 A-B-C correction I forecast back then is also basically complete, with the risk of a dip to 1663 next, where wave C is the same size as the decline in wave A. If this correction is indeed complete, wave 5 up to 2300+ is next.

In the meantime, China and India in particular continue to load up on physical Gold. Bridgewater is joining the party by buying into three physical-backed Gold ETFs in China. Silver is being drained from the SLV ETF, the LBMA vaults, and the COMEX futures markets. Inventories of physical metals are drying up, sending premiums over spot up to 50%, over three times their normal level and higher than in April 2020 when Swiss Gold refineries were closed due to Covid. India is loading up on physical Silver based on import data.

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