Next Level: GOLD $1,350.00

CURRENTLY: In EU/UK markets...

GOLD: $1,203.90
Silver: $17.99
Platinum: $1518
Palladium: $453

US market opening in about 25 minutes...

 

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CURRENTLY: After the US market opening...

GOLD: $1,205.10
Silver: $17.99
Platinum: $1527
Palladium: $460

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http://www.telegraph.co.uk/finance/markets/7884272/Secret-gold-swap-has-spooked-the-market.html

380 tonnes of gold to the Bank of International Settlements in return for foreign currencies, there was widespread surprise and confusion

 

CURRENTLY:
GOLD: $1,206.60
Silver: $18.07
Platinum: $1530
Palladium: $459

 

So that explains the steep drop that occurred recently....hmm....

 

CURRENTLY:

GOLD: $1,206
Silver: $18.02
Platinum: $1528
Palladium: $460

 

Well if gold does drop, I'd be surprised if the U.S. didn't take the opportunity to pick up even more gold, considering what seems the inevitable of the USD getting weaker, they should try to offload that by obtaining more gold....

 

If I understand the article correctly, the gold was "leased/loaned" in exchange for the foreign currency rather than outright sold. This could be that the owner of the gold saw more growth in the currencies obtained than in the PM itself. The arrangement most likely contains the payback conditions. One is betting that the value of gold is going to decrease compared to the currencies, and the other the reverse. Same if a person faces a decision to buy/sell gold today. IMO.

Jim

 

It seems unlikely that this gold will ever leave the BIS/IMF/Central Bank circle of friends and end up being sold on the open market.

 

CURRENTLY: In EU/UK markets...

GOLD: $1,206.10
Silver: $18.02
Platinum: $1531
Palladium: $465

US market opens in just under 2 hours...




***I'll be taking a few days... See ya' next week folks.***

 

18.320 silver
1217 SPIKE in gold from 1210 within 5 minutes.

Could damper out over the day though considering how its stacked(speculation)

 

Wow what is going on with this spike? That's a huge spike for silver in this amount of time...

 

gold high - $1,219.10 per ounce.

 

Lines are looking identical gold/silver

 

Unbelievable rise....

 

gold high - $1,218.60/oz.
silver high - $18.44/oz.

 

I'm actually quite amazed to see PM's move up this fast......

 

gold and silver improve.

gold high for the day - $1,219.20/oz.
silver high - $18.49/oz.

 

1220 for tomorrow?

Or 1200?

Any takers? MY hand is itchy, whats that a sign of?

 

My gut feeling tells me 1220.