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Wednesday, June 3, 2020

GOLD SEASONAL SELL OFF







Gold Seasonals dictate a selloff for Jun-july.  There is little buying of physical gold in Asia: China, India during this period.  This enables the large Bank/Trading Firms who get unlimited cash from the Federal Reserve Bank at 0 percent to sell huge amounts of Future contracts into the market, causing a a paper crash so that they can steal the money of small traders, without fearing that delivery concerns might screw their trades.  

It happens every year.  I was beginning to fear that the massive destabilization of American Life caused by the Trump Administration would scuttle this year's selloff.  But the Banks are more powerful than the chaos.  And they've begun to take gold down.  It won't go down in a straight line because of the massive Trump chaos.  But they'll get it down.  

Be prepared as this will create a buying opportunity of a lifetime in August.



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