What did I miss? Gold popped $30some today?

So what did I miss today? I was watching gold at $1230ish all day and then I look again and it's popped over 2%?

Liberian New Year celebration?

 

Log in or Sign up to hide this ad.

Yellen spoke and the dollar declined.

 

Fed kept interest rates unchanged and indicated we would have two increases instead of four.

 

Tail wagging the dog. WOOF!

 

My 2 corgis don't have tails.

 

Maybe Yellen stole them to move today's market...

 

Oil increased also today as a result of foreign countries meeting about limits on production.

 

They are like anyone else. They can't stand to watch all that money blow away.

 

The Zombie Fulfillment Center did some customer service today.

 

the world is going to go from depreciation to hype inflation. Keep on stacking.

 

Kitco Silver does a great job of providing links to information related to event's that tend to influence the PM market. They also have their own staff reports. They addressed this yesterday.

 

Not likely........

 

Maybe it's just me, but I wouldn't call 2-3% one way or another a major event

 

I agree. Gold getting up over $1285 and staying there for a week would be noteworthy. Anything from here to there is just noise and trading.

 

I too was surprised when I checked the markets this morning. Silver almost to $16

 

Silver got up to $16.09 then pulled back. Currently at $15.98... it's just scared money pulling out of the dollar and into pm's at this point but silver finally broke it's 52-high so if it holds the big money will start pouring in hopefully. The next couple of weeks should tell the tale but today is a good sign

 

It's not dollar-related, it's just buyers who think silver is cheap and/or going higher.