**Special: War Declared on Gold
Banks Begin to Be Bearish Gold
Good Morning: We are working on a proper analysis of last week’s Gold events for distribution today. But what is below cannot wait. It is very possibly the next chapter in Gold’s story.
Below is a very important write-up on Gold written after the events of Sunday night. It may seem a short, mundane read. In context it is anything but.
The analysis below confirms almost everything believed for a year surrounding Gold’s behavior and how bears would ultimately react if China became the force we thought they could in markets.
Old Gold-bugs will quickly recongnize the arguments as recaps of past bearish rationales in combination with a zoom-out (“…but over the long run”) type chart.
Nothing new content wise. But the timing is contextually alarming.
When a Bank of this size and importance puts out a bearish piece a day after Gold reaches a new All Time High, either they were short and remain bearish, or have reason to be bearish now.
Either way, while our beloved buy-season does not officially end until January, consider this a major shot across the bow.
We will not even say the bank’s name here, (It is believed employees are premium subscribers).
Finally. We are neither short nor long now. Hopefully this is wrong. But actionably, the risk-reward is no longer there for our own short term speculation.
The next chapter will likely be a War on Gold. We want you to be ready for it.
Presented with no further comment, that analysis: