Mother of All Short Squeezes, Gold, Another Day Another Record, More Inflation, 1950-Today, LA-fication

from King World News

Here is a look at the mother of all shorts squeezes, gold, another day another record, more inflation, 1950-today, and LA-fication.


June 2 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: With RSI (14) above 70 for the past two weeks, gold increasingly needs a period of consolidation, but so far the underlying bid has been strong enough to prevent this. Support: $1890/65/42 and resistance $1916/24/40 (see chart below).

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