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Global central banks bought a record amount of gold in Q3… They keep saying #gold is not important while they themselves are buying gold as if there is no tomorrow…
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Well, we did it folks. Today is the last day of October and marks the 7th straight red month in a row for #gold. I looked twice and can’t find this ever occurring in history.
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FYI, #gold now has 7 red months in a row (second time in 50 years, maybe ever), through the highest inflation in 50 years, while we are at the peak of a 40 year secular bull market in stocks, record debt and deficits, with nuclear war on deck for dessert. OK.
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Replying to @Sorenthek
not since 1982, which gave bears a 35% drop.
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REMINDER: the paper price of precious metals going down is NOT an indication of physical demand. As of 3pm, my #silver & #gold tracking at APMEX show BOTH metals are already at or above 100% of their full-day Wednesday averages for sales. Stackers are showing up! #silversqueeze
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COMEX #GOLD WITHDRAWALS CONTINUE, TOTALING OVER 11.8 MILLION OUNCES SINCE MAY 6 - Eligible vaults drop 37k ounces, still at lowest level since May 21, 2020. - Open Interest is now equal to 186% of all vaulted gold and 412% of Registered gold.
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