Gold’s About to SHOCK Us All! Gold & Silver Are Next to Go Completely Crazy – Vince Lanci
gold is making new highs and the options
are not making new highs the second the
bottom line that’s volatility Top Line
That’s the market price that tells you
that someone is selling calls as the
market rallies and historically when
this happens this is very near and dear
to my heart when the market makes new
highs and the options do not that’s
because the smartest
money in this instance is selling their
options out and who’s buying the options
back well it’s the people sold it to
them so probably The Bu Banks this is a
sign of toppess you can make the argue
that volatility is getting cheap you
might want to buy it again that’s right
I would wait for the market to sell off
gold prices extended their decline for a
second consecutive day hitting a more
than two we low on Tuesday this decrease
came as fears of escalating tensions in
the Middle East diminished prompting
investors to secure profits ahead of
critical US economic data scheduled for
release later in the week Market Trader
Vince Lancy observes an an exciting
Trend despite gold reaching new highs
the options Market does not confirm
these Peaks Lancy suggests that this
discrepancy indicates smart money maybe
selling options hinting at a potential
topping pattern in the market while
major central banks and other long-term
investors continue to accumulate gold
bullion without immediate plans to sell
shorter-term Futures Traders with their
High leverage are driving this week’s
downturn in gold and silver prices the
recent sell-off in precious metals can
be attributed to various factors
including a slight correction in prices
following a significant rally across
asset classes as investors seize profits
and portfolio managers adjust their
positions Lancy points out that buying
activity from China including both
retail investors and speculators on the
Shanghai Futures exchange has played a
significant role in driving the gold
market furthermore the importance of
physical buying interest from central
banks and Chinese retail investors
suggests that this demand represents
some of the highest quality in the
market as neither group is like to
return to the market regardless of price
fluctuations this emphasizes the
underlying strength of the gold market
despite the recent downturn come along
as we explore the valuable insights
provided by Vince Lancy don’t miss out
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you for tuning in gold is making new
highs and the options are not making new
highs the second the bottom line that’s
volatility Top Line That’s the market
price that tells you that someone is
selling calls as the market rallies and
historically when this happens this is
very near and dear to my heart when the
market makes new highs and the options
do not that’s because the smartest
money in this instance is selling their
options out and who’s buying the options
back well it’s the people who sold it to
them so probably the buy Banks this is a
sign of toppess you can make the argue
that volatility is getting cheap you
might want to buy it again that’s right
I would wait for the market to sell off
that’s my
opinion next point and this is big who
has been driving this Market while
there’s been buying coming out of China
not just retail not just Central Bank
there’s been speculative buying from
Shanghai that’s been spilling over into
the US futures buying Shanghai Futures
exchange China for the first time and
they’re very powerful when they do this
is clamping down so call it capital
controls call it margin raises but there
are adjusting margin ratios and price
limits for some contracts on Futures
that’s the first thing the second thing
is they’re adjusting transaction fees
for gold Futures and other contracts now
I’m not not shown here they’ve also
limited the amount of position that you
can have on Futures as deliverable
against the physical exchange so
Shanghai Gold Exchange that’s the
physical exchange it’s like their spot
Market that’s their London Market if you
look at it that way and the Futures
exchanges their comx and they’re keeping
them separate physically and they’re
also saying you can only accumulate so
many futures for delivery on physical so
they’re capping it these are Big drivers
they dampen Chinese demand be careful
China uh raised the requirements uh uh
reduced cross uh asset
trading and and the market is now you
know weaker okay uh even though we had a
great uh a great week last week so I’m
going to give you a little bit of a
technical overview now all
right this is a Ballinger band
comment whenever you see these
rectangles I put these rectangles here
this rectangle implies this rectangle
implies this will happen and it did okay
this
rectangle is different this rectangle
comes
in on the way up from here to here to
this yellow line it stayed above it all
the time and when it didn’t it went
below now we’re below at five days in a
row okay that’s not good that’s an
implication that on the daily we’re
going to pull back to possibly this red
line now on The Daily that means and
over the next five days look for a
pullback over the next five days now on
the weekly same concept the market is
well above the yellow line it should
pull back to the yellow line and hold
okay so the number I had a number
written down the number that oh there it
is this Market is fine and should remain
fine above
2291 if on this system the next system I
look at is below 2291 I want the market
to hold 2200 for different reasons so
any pullback that holds above 2291 puts
us on target for a new weekly High two
weeks from now but not this week Bank of
America analysts predict that gold could
reach $3,000 per ounce by next year
attributing the precious metals rise to
geopolitical risks robust demand from
central banks and the potential for
further boosts if interest rates decline
later in the year according to Vince
Lancy major financial institutions
including JP Morgan Goldman Sachs UBS
City Bank and Bank of America have been
increasing their PR targets for gold
reflecting a trend similar to their
behavior in the stock market however a
series of disappointing inflation data
has led the Federal Reserve to
reconsider its plans for interest rate
Cuts chair Jerome Powell recently
indicated that it may take longer than
expected to gain the confidence needed
to lower rates dampening hopes for
multiple Cuts in 2024 and raising
concerns that there may be none at all
despite the shift in interest rate
expectations Vince emphasizes that
factors such as War debt inflation and
the potential for rate cuts are
well-known influences on the market
while the likelihood of rate Cuts may
have diminished other factors such as
War debt and inflation continue to exert
pressure on gold prices let’s get back
to the interview War debt inflation and
rate rate cut potential are all known
quantities although we know that the
rate cut potential has receded
recently second point the bullan banks
JP Morgan Goldman Sachs UBS City Bank
boa all outd each other raising targets
very similarly to how they do on stocks
they play catch up with this is not
these are not bag holding uh price
Target raises uh they raised them at the
end of the year that’s marketing and
then they raised them in March after the
rally and I do not believe that was bag
holding I believe that was them playing
catchup with a big buyer that they are
they did not have a handle on okay uh
number three every bullion Bank oh I
think I just said that right every
bullion bank has not only raised their
end ofe targets excuse my spelling but
raise their targets again since March
predicated on buying they have no
control of nor heads up on if it’s
coming as the play as they play catchup
to Market forces the editor is going to
be fired from this uh organization that
would be made all right so here’s where
the CED Uncle think happens this chart
the two rectangles are squares that’s
December 3D when I’m pretty sure the
bank of international settlements was
called upon to alleviate the rally
stress this was during the Sunday night
move this was two Fridays ago when the
uh the Iranian attack started and when
this happened you had a market run up
again in similar smaller but similar
fashion and I’m pretty sure almost
positive the bank of international
settlements stepped in again now the
first thing is when does the bis or any
other bullion Bank step in they step in
when the Market’s getting ahead of
itself too hard and too fast they’re
kind of like a market maker that slows
down
volatility now the more conspiratorial
of us which I can be is they keep a lid
on it and drive it down now this is that
evening I’m sorry yeah that
evening uh the market rallied that day
the market rallied opened up gapped
higher right kept filled the Gap kept
going and then the selling came in in
orderly fashion keeping a LD on it and
then the market went sideways and then
we rallying I said okay this is this is
kind of healthy well but since then
since then right I was like okay A
little bit of a Smackdown but we’re
still okay but since then macro app
appetite for adding to Longs has
diminished
evidence the bottom graph is one I want
you to look at here ctas are as long as
they get doesn’t mean they’re going to
sell but it means they don’t have an
appetite for buying more right
now
second this is CTA breakdown now CT
again are not driving this market right
now but they are a little bit of a
canary and a coal
mine on the leftand side it’s a little
smaller than I’d like it to be on the
left-and side for the last month you’ve
seen precious metals money coming in
hand over fist right you saw precious
metals go from $26 billion to $30
billion that’s a healthy increase but
energy went from 27 billion to 36
billion the allocations between funds
are going from metals to energy so some
of the Longs are selling in gold and
buying in oil it’s not the end of the
world but this is how it happened
looking ahead what geopolitical events
or economic developments do you believe
could have the most significant impact
on gold prices and how do you think
investors should position themselves
accordingly share your perspective in
the comments below if the video
resonates with you join our community by
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Gold’s About to SHOCK Us All! Gold & Silver Are Next to Go Completely Crazy – Vince Lanci
Gold prices extended their decline for a second consecutive day, hitting a more than two-week low on Tuesday. This decrease came as fears of escalating tensions in the Middle East diminished, prompting investors to secure profits ahead of critical US economic data scheduled for release later in the week.
Market trader Vince Lanci observes an exciting trend: despite gold reaching new highs, the options market does not confirm these peaks. Lanci suggests that this discrepancy indicates smart money may be selling options, hinting at a potential topping pattern in the market. While major central banks and other long-term investors continue to accumulate gold bullion without immediate plans to sell, shorter-term futures traders, with their high leverage, are driving this week’s downturn in gold and silver prices.
The recent selloff in precious metals can be attributed to various factors, including a slight correction in prices following a significant rally across asset classes as investors seize profits and portfolio managers adjust their positions. Lanci points out that buying activity from China, including both retail investors and speculators on the Shanghai Futures Exchange, has played a significant role in driving the gold market.
Furthermore, the importance of physical buying interest from central banks and Chinese retail investors suggests that this demand represents some of the highest quality in the market, as neither group is likely to return to the market regardless of price fluctuations. This emphasizes the underlying strength of the gold market despite the recent downturn.
Bank of America analysts predict that gold could reach $3,000 per ounce by next year, attributing the precious metal’s rise to geopolitical risks, robust demand from central banks, and the potential for further boosts if interest rates decline later in the year. According to Vince Lanci, major financial institutions, including JP Morgan, Goldman Sachs, UBS, Citibank, and Bank of America, have been increasing their price targets for gold, reflecting a trend similar to their behavior in the stock market.
However, a series of disappointing inflation data has led the Federal Reserve to reconsider its plans for interest rate cuts. Chair Jerome Powell recently indicated that it may take longer than expected to gain the confidence needed to lower rates, dampening hopes for multiple cuts in 2024 and raising concerns that there may be none at all.
Despite the shift in interest rate expectations, Vince emphasizes that factors such as war debt, inflation, and the potential for rate cuts are well-known influences on the market. While the likelihood of rate cuts may have diminished, other factors, such as war debt and inflation, continue to exert pressure on gold prices.
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5 Comments
What's the best way to make money from crypto investment as crypto is turning around massively ❤
Sweet…Vince rocks ❤❤❤
Why can’t these ‘experts’ ever get the name right? Its the Bank FOR International Settlements (not OF)
Ummm Gold is NOT making new highs
so tired of these guys who just keep repeating the same drivel based on opinion. It is anyones guess what gold may rise to