According to technology, in the long term the price of gold can be driven to the area of 2525. Whether the owners of the Central Bank-6 cartel will allow this to happen, we’ll see.
Comment:
The rollback is quite active. If this message to the market is from the Central Bank-6 cartel and it was understood unambiguously, it is optimal to dump the price of gold below 1805. If this is just profit-taking, then after the price has stabilized, the ATH should be updated.
The rollback is quite active. If this message to the market is from the Central Bank-6 cartel and it was understood unambiguously, it is optimal to dump the price of gold below 1805. If this is just profit-taking, then after the price has stabilized, the ATH should be updated.
On November 29, 60,000 call options were purchased per day for a strike of 195 at an average price of around $230 for the option to expire on January 19. A $13.8 million bet that the price of GLD will be above 195 by January 19th. Let's see how successful this deal will be.