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