Next Level: GOLD $1,350.00

I don't care if you don't have anything to back up your gut feeling, I LIKE IT!!!!

 

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me too. well. we have to wait krispy opinion. because he is the man.

 

CURRENTLY: In UK & EU markets...

GOLD: $1,237.10
Silver: $18.54

Platinum: $1577
Palladium: $477​

US markets opening in about an hour fifteen minutes...
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CURRENTLY: In the US market after the open...

GOLD: $1,245.50
Silver: $18.77

Platinum: $1585
Palladium: $487​

 

Wow! $18.77 for silver? that's a pretty large leap from yesterday. I don't normally see silver move like that....

It can't be related to the President's speech since he gave that two nights ago.... I wonder what it is....

 

Not sure today why the leap.

 

This could be why...the last part kills me....if people are still getting fired, in what world does that mean the economy is growing?


Jobless Claims in U.S. soar by 12,000 to 472,000 in the week ended June 12

June 17 (Bloomberg) -- The number of Americans seeking jobless benefits last week unexpectedly rose to a one-month high, indicating firings are staying elevated even as the U.S. economy grows.


http://www.bloomberg.com/apps/news?pid=20601087&sid=aPzl2HXV5P.c&pos=1

 

I can only read these things as meaning that the economy returns for sectors previously hit as those workers begin to recover while the next sector is crashed by waves of layoffs and begin going through their version of the recession. It seems it's still working it's way through sectors and the first ones hit will be the first to recover.

But why such a dynamic effect on silver?

Marketing for silver has been much stronger this year much like gold was last year. Is it partially because dealers were building up their silver reserves while people focused on gold last year? And now with silver strong, appearing undervalued, recognized as the 'poor mans gold' (with many a poor man seeking shelter) as well as for its industrial uses, is it now attractive despite the price rises, premiums, etc?

I'm not sure jobless claims alone is enough to boost one PM like this so easily.

 

Silver now at $18.83, something is definitley going on.....we're probably all in the dark about it.....

But you know the drill, when it moves up this fast, you just know it's going to drop...

Hopefully though, when gold or silver gets new highs, it also sets a new high for the floor....I'd be happy if silver never saw the $17 range ever again....

 

Beat me to it! and just saw it move to $18.86

 

Maybe there is a possibility that we will see $19 silver today. You never know. We will have to see what happens today.

Maybe there is also a possibility that we will see gold over $1250 today. This could be a very interesting day.

 

CURRENTLY:

GOLD: $1,248.60 -- High so far today $1,249.90
Silver: $18.87 -- High so far today $18.90

Platinum: $1577
Palladium: $481​

 

Wow, I really feel a big dip coming.....

 

So you're holding tight...? Ride it out till the next rise up / no selling at these levels...?

 

It is extremely tempting my friend. The dollar must have been pretty strong because against CDN it's 1.032.

We are at high levels right now. If I were to sell, we would need a pretty steep dip in order for me to buy again. If we never get that steep dip, then I would be stuck having to buy at even higher levels down the road.

Of course that's assuming that PM's continually rise...

So basically, if gold hits $1300-1500 I'm basically out, as I wouldn't want to rebuild my PM's starting with those prices...

 

Even if we see a dip in the next 10 days, I'd feel better holding on until this $1,250 barrier is well behind us and we are much closer to $1,300 with gold. For silver, I'm content with holding until $25 and weathering the ups-and-downs until that time.


CURRENTLY:

GOLD: $1,246.30 -- High so far today $1,249.90
Silver: $18.79 -- High so far today $18.90

Platinum: $1577
Palladium: $481​

 

$1250.30

 

This chart looks great. It's all a gradual rise.....

 

CURRENTLY:

GOLD: $1,248.60 -- High so far today $1,252.50
Silver: $18.79 -- High so far today $18.90

Platinum: $1578
Palladium: $483​

 

Gold is off to a very good start. It is currently at $1256.10/oz as of 7:49 AM U.S. EST.