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Craig Hemke at Sprott Money: Looking ahead to April

Section: Daily Dispatches

By Craig Hemke
TF Metals Report
via Sprott Money, Toronto
Tuesday, March 29, 2022

March has been a wild month for the Comex digital metals, and despite the war in Ukraine, this is not unusua.. But soon we'll turn our attention to April, and we'll wait to see if a renewed rally toward $2,000 gold is forthcoming.

First of all, yes, the war in Ukraine played with emotions and volatility all through March. Comex gold nearly tapped its all-time highs from August 2020 before falling backward, and now as the month finally draws to a close, we wait to see where price finishes.

... Dispatch continues below ...


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Why is this important? 

Because March and the end of the first quarter are always important for the precious metals. 

Over the past few years, the April Comex gold contract has become quite volatile and has seen a surge in "deliveries" once the contract goes off the board in late March. At present, the Apr22 Comex gold is due to go off the board and into "delivery" at the Comex close on Wednesday, March 30. Will we see more shenanigans before this event?

... For the remainder of the analysis:

https://www.sprottmoney.com/blog/Looking-Ahead-to-April-Craig-Hemke-March-29-2022

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