We look the current gold price action and why gold is building a technical base for another bull run.
We also look at how many thousand short futures contracts the swap dealers (bullion banks) have added from Dec 1 to Dec 8, 2020.
We also review the largest 4 and 8 concentrated short positions in gold.
Finally, we review the M1 money bazooka the Fed unleashed on the US in 2020. But what is even more bullish for gold is the Treasury Department’s $1.6 trillion money bazooka that will be unleashed in 2021.
We think all of these factors forecast better gold prices in 2021 as the market begins to react to all of this cash sloshing around in the market.
But it’s not going to the poor and middle class… It’s going to the corporations and the rich.
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