Basel 3 has removed a large chuck of paper shorts off the LBMA, of course this is for the banks only, the hedge funds can continue to suppress gold with paper shorts. The true effect of Basel 3 may not be known for some month.
A typical pattern in the metals is a smash down just before a major rally, just like now, so what is next?
The video highlights seasonal patterns and some fixed period cycles of interest.
Chart in Video
Original Post: https://ift.tt/3gBaC70
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