Good Morning,
Yesterday's explosive move sent gold surging past $2,700, marking its 36th record this year. This morning's Asian trading suggests we're not done yet.
I've just updated our analysis to include:
Why three major hedge funds just added $1.5B in gold positions
The shocking Fed leak that sparked yesterday's 3% surge
But here's what's really important: Our data shows three major catalysts converging next week that could accelerate this move:
Critical Fed meeting (November 7)
New election dynamics
An unprecedented physical gold shortage (Costco just suspended gold sales entirely)
โ Get the full analysis here.
This is moving faster than anyone expected. Yesterday's volume was 3x normal โ institutions aren't waiting around.
Best regards,
-Mike
P.S. Watch the overnight Asian markets. Chinese buyers just paid a $68 premium over spot โ the highest in 5 years. This could get interesting before U.S. markets open. READ FULL STORY ยป