- Deliveries of September spot gold have intensified during gold's correction, October deliveries begin September 29 with over 60,000 contracts open, and Registered Comex gold supplies are falling.
- A second round of lockdowns will crimp the supply of real goods and services and spur the next round of central bank money printing.
- A no-deal Brexit looks imminent with the passage of the UK Internal Market Bill that overrides the Brexit agreement regarding Northern Ireland.
- Coupled with a second UK lockdown already in force, some weak bank is going to fall and trigger the next global banking crisis.
- Gold will continue to fall initially until the next round of money printing begins, at which point it should break through $2,000 for the last time. This could be the last opportunity to buy sound money at these prices.
For further details see:
3 Reasons Why This Gold Correction Could Be The Last Below $2,000