Geopolitical “Powder Keg” Supports Gold’s Resurgence

Wednesday, April 19, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Apr 19, 2017

Gold is trading near the highest in five months, and, as Bloomberg notes, at least one measure suggests the rally is gaining momentum.

Open interest, a tally of outstanding contracts in Comex futures, this week climbed to the highest since January as global tensions ranging from the U.S.-North Korea rift to European elections fuel demand for haven assets.

“The open interest went up because we had people that wanted to protect themselves against all the uncertainty,” said Frank Cholly, a senior market strategist at RJO Futures in Chicago.

“Everything has gotten really tense in geopolitics – it’s a powder keg right now.”

The Rest…HERE

Leave a Reply

Support Revolution Radio

For a limited time only, your donation get you a special perk. Every $30.00 donation gets you a fancy "say no to Government Hat". Every $20.00 donation gets you the same, but on a wonderful coffee mug. Just click the button below and give till it hurts...