The news gets better, because “Including the mystery purchases, central banks globally added 393.3 tons of gold (net) in Q3 alone. With Octobers purchases, the total for 2022 stands at roughly 704 tons. That’s higher than any annual increase in central bank gold purchases since 1967 with two months remaining.”

https://www.zerohedge.com/markets/central-banks-start-q4-buying-more-gold

It’s a quick read, and well worth it. I hope people are long already, and if not, what are you waiting for?

This is the QUARTERLY log chart for GLD, and it looks to me that Gold is setting up for. a huge move higher, as Jan 1, 2023 should see the stochastics cross higher, after this quarter being the first green bar and trading over last quarter’s high. We could even see a move similar to the ramp higher that started in early 2009, where gold could DOUBLE over the next 2 years, we can only imagine where silver would go if that happens. I would also suggest that we are in an even better environment now for gold and silver, with plenty of catalysts to push it much higher than that. It’s starting to look like calls for $3K to $5K gold will be here soon. If one isn’t getting invested or already loaded up by now, the window is closing!