PHYS - Gold Investors Wavering

• Gold investors are wavering, their psychology damaged after gold plummeted in mid-June on those hawkish Fed dots. Without enough upside momentum to chase, investors have been selling gold on balance.
• While modest, those investment capital outflows have still weighed on gold’s price. But investors’ light selling should quickly reverse to sizable buying as gold perks up.
• Strong seasonals resume in August, a very-bullish omen. And the spiraling price inflation unleashed by the Fed’s colossal balance sheet ballooning is increasingly becoming center stage, which will boost gold investment demand.

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