Liquidity problem? What liquidity problem? With Central Banks around the world printing money like there’s no tomorrow people are flushed with cash. Just one month ago they were selling gold to pay off margin calls, today they are using stimulus cheques to buy 60 inch TVs.
Well all central bank couldn’t be better for Gold. It drives the price of gold up (and the value of your hard earned money down) and takes the risk of a gold sell off to raise cash off the table.
As a result Gold has already hit a new high, and is not testing key support at $1700 before breaking higher. Are higher gold prices on the table? Definitely the gold miners think so – take a look at them poised for breakout.
Gold and gold miners are singing a new song. Are you enjoying the music? It’s not too late to gatecrash if you missed the invite.