The Gold and Silver Uber-Bull Run Is Upon Us
By David Smith
ActivistPost.com
JULY 5, 2019
GLD (SPDR Gold Shares NYSE) is the world’s largest gold-centric Exchange Traded Fund (ETF). On Friday June 21, 2019 – one day after The Gold and Silver Volcano is Ready to Erupt was posted on this site – a record single day’s inflow (gold buying) of over $1.5 billion took place.
This stampede, led by hedge funds and “algos” (automated computer buy/sell programs based upon volume flows and trigger price points) involved dollar amounts substantially eclipsing the record set during the 2008 global panic.
The price of gold rose to a 6-year high, left a series of gaps on the way up, and smashed through all sorts of technical “resistance” points on traders’ charts around the globe.
At the same time, silver – almost unnoticed because its rise was relatively muted – broke out on the strongest volume since 2011, printing its second highest Up Volume ever!
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