ETFs continued to sell, bringing this year’s net sales to 9.11M ozs. Total gold held by ETFs fell 8.5% this year to 98M ozs, the lowest level since May 13, 2020.
I'm still a bit skeptical that the handle of the cup-and-handle formation is finished. Not just yet. Gold has to break the $1,920 area high, which gold could potentially do on this pretty powerful move..