Gold Bottom: It’s “All About Scaring Everyone”…”This is How Bottoms Are Hammered Out.”

from King World News

Two veterans weighed in on the reality of why the gold market is bottoming right now.

The Bottom For Gold

March 30 (King World News) – Lawrence Lepard: “Hulbert HGNSI is -45.0 tonight. It has only been this dismal or lower 0.5% of the observations since 2000. It doesn’t get any bleaker. This is how bottoms are hammered out.”

This Is What This Has All Been About — Criminal Banks

Alasdair Macleod out of London: Eric, today’s action in precious metals is only due to the mess the bullion banks (the swaps) got themselves into as long ago as August 2019, illustrated in the chart below which is of their net short positions.

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