Friday, November 23, 2018

The Trend is Beginning to Reverse, Gold to Move Higher

“The Boys—the commercial banks—when gold first moved back up into the 1230s, they sold every contract that the hedge funds who were short wanted to buy… 

There was just a huge reversal of roles there. A little bit again last week. And then all of a sudden, now we’re back up through the 100-day moving average. 

And undoubtedly, the hedge funds have to buy again. It’s like: man, they got double-crossed here, you know? 

They’re just getting b-slapped around by the commercial banks. It’s sort of interesting to watch.”

- Source, Eric Sprott