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Markets Warning Technical DEFAULT Is Likely | Andy Schectman
Bullion banks are likely extremely net-short at the moment. Typically, this short position would signal lower prices ahead. However, head of research at GoldMoney Alasdair Macleod says this time is likely to play out differently. Because banks are experiencing an outflow of deposits and are needing to reduce leverage, some traders may be pressured to close short-positions.
Macleod's writings: https://www.goldmoney.com/research
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0:00 Intro
1:55 Debt ceiling
6:30 Dedollarization
12:43 Mortgage rates
15:20 Eurozone
23:00 Short-positions
29:09 Gold: investment or savings?
40:38 Platinum
44:30 GoldMoney
45:00 Miles Franklin
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