Explosion in demand for gold as Ukraine smoulders

Moneyweb/Ciaran Ryan/3-14-2022

“This is not yet reflected in the price of gold due to paper shorting of the metal. Could a short squeeze be imminent?”

USAGOLD note: The explosion in physical gold demand was well underway long before the war began. The war made it headline material – likewise for silver. In our view, we have already seen the beginnings of the short-covering Ryan mentions.