Gold swaps squeezed
Not only are the charts foretelling higher prices, but runaway US debt and an increasing threat of an all-out war against Russia are fuelling a global panic out of dollars into gold
Gold finally broke out above its tight consolidation range into new high ground yesterday and saw overnight demand taking it to $2570 this morning. That’s up $73 from last Friday’s close. Silver was at $30.15, up $2.25 on the same time scale.
By way of an update, the technical charts for gold and silver follow:
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