Contrarian Gold Alert: Gold Now in Backwardation, Ominous Sign for U.S. Dollar, Plus a Bonus Interview

from King World News

Here is a contrarian gold alert, gold now in backwardation, ominous sign for the US dollar, plus a bonus interview!

Gold Now In Backwardation

September 28 (King World News) – Garlic Moran, at Moran-Tice Capital Management: “I have open interest down 19,000 contracts Thursday & Friday. You can now buy Gold after Comex Options Expiration & Rollover below the 100DMA; with Gold $5 into backwardation in a bull market. The odds strongly favor a bottom over the short term.”

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