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Heavy bearish news for gold and silver‼️
$6 billion worth of gold and $5 billion worth of silver will be forcibly liquidated.
The timeframe is from January 8 to January 14. The reason is that the global commodity benchmark is booming, and the commodity index will undergo an annual reweighting in January. The $109 billion passive funds tracking it can only follow the rebalancing unconditionally and must sell.
AI quantitative model recommendations show that silver sell orders account for about 9% of the total, and gold sell orders account for about 3% of the total.
Just after the New Year, liquidity is as thin as paper. Technical selling combined with liquidity exhaustion will cause significant shocks to gold and silver prices. Prices at high levels will not fall, so the market can stabilize.