@TheDailyGold Your analysis is so great. Thank you sir!
So tricky what will happen. I go back and forth, but just seems like large correction unlikely right now. There are so many dip buyers waiting at various prices that halts the downside momentum.
@profitsplusid Who typically wins out? Feel like good chance they clarify that bullion exempt as the letter came from an employee at custom department. Would collapse efp and likely send prices further down.
@JoshPhilipPhair@KingKong9888@Sorenthek Totally agree, so tricky to figure out what to do here as this was an employee who wrote this. Could easily get clarified today that bullion is actually exempt - wonder when we get that clarification. Likely causes gold to plummet ST (at very least the EFP premium to compress).