Gold is flooding out of London and into U.S. vaults at an unprecedented rate.
Historically, #Bitcoin follows gold’s lead. The window to front-run the move is closing.
Read today's Bitcoin Brief: https://tftc.io/gold-bitcoin-trading/
Discussion
I have been following this story, but I don’t understand the need. I saw it mentioned they are getting ahead of tariffs but that seems thin.
On a side note, in the last two weeks Luke Gromen, Larry Lepard and Natalie Brunell have talked about a possible Brenton Woods III type reset in the gold price.
I know Willem Middlekoop was saying as much years ago.
Add this to the list
For what it’s worth, there is a glut of physical gold in Australasia (Aus/NZ) at the moment.
My dealer (largest in NZ) just told me he won’t be able to buy for next few weeks until refiners and dealers can find a home for the over supply.
So I’m guessing this is a NY/London redistribution phenomenon.
We’ve seen it before.