$5,000 GOLD guess the time and date

A weaker dollar really doesn't help us with the trade deficit. It's not the 1960's. We have to run a trade deficit since a reserve currency has to run a capital account surplus/trade deficit.

Sure and Trump becomes Jimmy Carter, The Sequel...the 10-year Treasury yields goes to 12%. IF we're lucky.

You can't deflate your way out of debt. You're just screwing yourself in the future.

He had to, nobody trusts Russian financial markets. They're a Roach Motel: you can check in, but never check out.

We're not going to be at that level in our lifetimes, I seriously doubt.

At ~$8,000....the first MS-67 Saints might trade like bullion (1908 NM Saints). For an MCMVII HR AU-58, your probably need gold at $20K so no threat of that happening anytime soon.

 

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$300 an ounce was a lot more impressive when gold was under $2000 an ounce.

Looks like we're up, what, $400 today? More to the point, that's over 8.5%. In less than 24 hours. For gold, not the more volatile silver. I'm not sure we did that even during the 2011 spike(s).

 

True, but I refuse to adjust my predictions going forward by the CPI Index.

I think if you're looking at the COMEX contract it rolled forward today so that's why the change and level are all over the place.

 

Weak Japanese Yen and soaring Japanese 10-year Treasury yield are also stoking demand for gold by Japanese.

 

$5,617...up $276.

It looks like short-covering in both gold and silver, so some institutions should be getting their clocks cleaned. But no casualties yet.

 

What ticker tape are you watching?

I usually watch Kitco Spots and they are presently $5516 and 119.

 

Hope this reverses soon, its starting to effect even numismatic coins Seems the "experts" on youtube are hinting MUCH higher prices, like 5 figures, which would really hurt average collectors like me in future auctions. The "elite" ones, no......

 

I usually watch the COMEX futures since that's what CNBC, FBC, and BloomTV show on the ticker.

I see in BARRON'S that Stanley Druckenmiller, big time hedge fund/family office manager, has been buying gold during the run-up.

 

I wonder if Stanley is buying the dip right now?

 

Thing is, he's so wealthy he can lose $$$ on gold and it doesn't change his lifestyle even if the absolute and % loss is big.

Most of us don't want to put 10-15% into a non-interest bearing asset and have it go DOWN.

 

Gold way down $4910 an oz

 

Futures open at 6 PM EDT.

BitCoin getting hit in AH but trading is thin.