Another $3 Billion Paper Gold Dump, But Here Is What Is Really Moving The Gold Price
Another $3 Billion Paper Gold Dump, But Here Is What Is Really Moving The Gold Price – King World News
On the heels of a second raid in the paper gold market with the dumping of yet another reckless $3 billion in paper gold, today King World News is pleased to present an important update on the war in the gold market from Michael Oliver at MSA. Oliver allowed KWN exclusively to share this key report with our global audience.
By Michael Oliver, MSA (Momentum Structural Analysis)
April 19 (King World News) – In our April 2nd report (and before) we argued that if gold could close a week over $1250 (later specified as above $1251.50), then we expected a renewed upside surge. Even in early April before that breakout gold had rallied from its late 2016 low by $130. Gold crossed that next threshold as of the weekly close of 4/7, closing that week above $1254. Gold has since moved to the mid $1290s. A secondary breakout and an efficient response…