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
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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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