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A Shift in Paradigm
Paradigmsare generally defined as a framework that has unwritten rules and that directs actions. A paradigm shift occurs when one paradigm loses its influence and another takes over.
The Variable Changing Price Momentum Indicator (VC PMI) has shown that gold has been failing to break out above the previous high made on April 14 of about $1,788. That high was made after the market collapsed as the pandemic hit. We rallied from there all the way up from the low in the $1,460 area. It was a nice $300 move.