How High Can GOLD Go?
Higher, and then probably even higher...
See, the thing is that behind the chart there’s a story.
A fundamental story!
And right now the story on the precious metal is of VERY high demand caused by a multitude of factors which we highlighted about a month ago here.
Now the popular question is…
How far can this run go?
Ok, let me show you something.
Below you can see the Bank of England addressing the situation on February 6.
Basically, London is getting into a shortage of GOLD.
Sure, the BoE has plenty!
But if the central bank is getting rushed that way it means bullion banks have pretty much exhausted their supply.
That’s a big deal, a BIG one:
Because when everyone wants a thing, and that thing isn’t easily available, then…
People are willing to buy at whatever price they can get it!
And that creates FOMO.
The type of FOMO that creates this type of run:
So…
How far can this go?
A lot higher!
These imbalances in supply and demand are tough to slow down.
And the context that led to this demand (Trump geopolitics) is still there, and won’t change anytime soon, so…
The demand is unlikely to slow down either.
To make it simple:
High demand but slowly available supply = higher prices
That’s why we have extended the target on our GOLD longs with the Private Network to 3000.
In other words…
When right, let it run!
With that said…
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