Comex Gold Sleeps With The Fishes

69
Thu, Feb 25, 2021 - 10:56am

Another day of surging interest rates is another day of selling pressure on Comex gold. It's as if the bond market is a pair of cement shoes holding price to the floor of the sea. It won't be this way forever and any hint of Yield Curve Control from The Fed will finally bring to an end this frustrating period of downward consolidation.

And frustrating may not even be the right word. Exasperating may be more like it as The Banks have utilized this time to chase nearly all speculative cash from the Comex. As mentioned in yesterday's podcast, total Comex gold open...

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