Turkey imports 62.8 tonnes of gold in July

Flows this week

China imports 70.16 tonnes of gold via Hong Kong in June

SGE Withdrawals were 144.71 tonnes for the month of July

Intraday averages for July

US Mint sales for July

With the COTs having cleared in the PMs & goldstocks poised to move higher it looks like it is time for gold to move up & break the 6 year downtrend line & move solidly away from it.

A move up through 1300 will lead to gold putting on a few hundred more ending the year in a strong uptrend with the bear finally well clear & behind us.

This move up in gold will coincide with the global sharemarkets bull run coming to an end & we will see risk averse funds head to gold which will give it more ommph.

2018-2019 should see large rises in the PMs as the financial system gets shaken.

COTs this week

I would like to know what Bitcoin aficionados think of this chart.

Theoretically with H&S patterns you're supposed to take the distance from the Head to the Neckline & then remove that from the Neckline for the target.

You do the math....