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This week we cover crashing fund flows, an aging Risk Cycle, mild intermediate sentiment, stretched gold, a confirmed breakout in a potash producer, and a major squeeze in currencies, plus more. 1. We hit the 19k level and upper weekly band that we pointed out last week. As we’ll show, the primary path of least resistance is still up but we could see some ...
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Gold futures rebounded strongly after last week's price pullback. As of 4:55 PM ET, gold futures for the June 2024 contract surged $27.10, settling at $2,361.80. chart With the June contract nearing its first notice day, the August 2024 gold futures contract will soon become the most actively traded. Currently, the August 2024 contract is up $27.40, ...