Gold Keeps Pounding Away!!

I just looked and they are all up again.
Gold up $36.27
Silver up $1.48
Platinum up $20.86
Palladium up $195.96
This high of a price increase is not from any countries monetary value.

 

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...and the Dollar Index is down 1% today. Surprise, Surprise!
The question is...Which is the dog and which is the tail?

 

Gold is rising on China tensions and political/economic uncertainty, not the dollar.

 

Broke the all time high price a lot faster than I thought!! Great news but unfortunately it's for terrible reasons! Up to $1940 early morning, that's insane!!

 

Lol...where do I start?

 

David Rosenberg had a segment on CNBC today bullish on gold.

 

Yep, I thinks it below!

 

$1,988 COMEX futures high in overseas trading.....might TOUCH $2,000 for the July spot or August settlement this week though we may back off a bit.

Spot closer to $1,955 but still up.

 

Here I was thinking the POG would go down a little bit but the demand is crazy, all systems are on buy gold now!!

 

Still up $15 or so today in quiet trading....$2,000 is resistance but eventually it could be SUPPORT.

 

Goldman Sachs ditched its $2,000 gold forecast today and now says we’re going to see $2,300 in the next 12 months. They also lifted their silver outlook from $22 to $30. This is more in line with what I, and other smart guys here, have been saying for months.

https://www.marketwatch.com/story/goldman-sachs-now-expects-gold-to-reach-2300-an-ounce-2020-07-28

 

So when did Goldman Sachs realize that silver is over $22.00 an ounce? It closed well over $23.00 today.

 

Serious?

 

Yup!! They made the announcement today.

 

PT's often lag official updates.

 

Yes but almost a Dollar and a half is a bit ridiculous.

 

It's a PM, not a stock, trading desks are more relevant day-to-day, not the analysts.

 

$1,961 today...up another $17

 

Even a bit higher at $1969! I keep thinking about buying more but damn $1900 for a Saint Gaudens Double Eagle is a big ticket item on my pocket book!

 

$2000 is a test level and once it passes this price on a closing up it goes.