On Friday we saw one of the bigger rallies of the year in gold and silver, and in today’s show, Vince Lanci explains the positioning between the banks and CTAs behind the move.
Obviously, the concerns of an escalation of war in the Middle East also factored into Friday’s sizeable move. But Vince breaks down who was actually doing the buying and selling, and why.
He talks about how the positioning and geopolitical events factor into the seasonality effect of the metals, as we approach the end of the sell season, and rapidly approach buy season. And he also comments news out of the Middle East, and how the headlines that come out will affect the markets in the weeks and months ahead.
So to get the latest gold and silver insight to start off your trading week, click to watch this video now!