“This chart of Jun’20 gold futures is powerful, Eric. It’s the chart I mentioned in our KWN interview that you just posted on the weekend.
Nevertheless, though incomplete the pattern now being formed is communicating a clear message. Gold is forming a huge base of accumulation, and bases like these result in higher prices, which signals the margin liquidation in the gold market has ended.
Looks like it should only be days before gold hurdles $1700. But the big surprise for investors will be that when this happens the gold market will see new record highs above $1910 very quickly…
The head is usually formed at a selling climax, and we just went through one of those.
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