Episode 164: They Want the Gold Now, Just Like in 1971

Vince Lanci from GoldFix and Echo Bay Futures joins us to discuss the state of the current Gold market, why it's holding above $2000 and the similarities to the start of the 1970s. 0:00 Intro1:01 Open Interest4:30 Open Interest Follow Up7:00 How/Why Gold Holding $200010:15 Mechanics of BRICS Buying12:49 Measuring BRICS Buying17:45 Central Banks Selling Bonds, Buying Gold22:40 Comparison to 197125:30 Where This Ends32:58 Orderly vs. Explosive Gold Move40:50 Gold Bull Like 2000s or 1970s?46:40 Bond Trading Tied in w/ Gold55:45 Miners Buying Opportunity Approaching