As the central planners continue to intervene, here is one market that is in freefall! Also, what is happening in the gold market is unbelievable!
A picture is worth a thousand words…
30-Year U.S. Treasuries Plunging Over 5 (More) Points Today, Hitting New Lows!
Meanwhile the Fed and their bullion bank allies have stuffed the gold rally for the time being in the busiest trading day in history…
But what is happening behind the scenes in the gold market is truly remarkable…
London-based
gold dealer Sharps Pixley Ltd. is running out of bars and coins as
buying surges after Donald Trump won the U.S. presidency. The company’s
store, a short walk from Buckingham Palace, has arranged emergency
imports of Britannia coins and kilogram (2.2 pound) bars to meet demand.
“We keep running out of product — we’ve had to increase our credit
lines to allow us to keep more stock on site,” Norman said, keeping a
customer waiting on another line. “Swamped!”
The
reality is that trading volumes have skyrocketed across the globe. In
other words, physical gold demand is off the charts right now. It will
be very interesting to see how long the central banks can restrain the
price of gold in light of the skyrocketing physical demand.
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