I just saw breaking news on Fox 5, local station on the DOW plummetting... I was waiting for them to talk about gold....but NOPE!!
Bloomberg folks on TV are going bananas... talked about gold, mentioning another 5 month high. Another hour of equities trading to go.
The PIG countries are causing the price of gold to go up and the stock markets to go down even the price of oil took a hit
No panic selling at the global media coverage of violence in the streets there is causing this. It's irrational and the dow graph shows this, its already climbing and POG reversing down.
I can't see APMEX or any other company buying gold right now from anyone, I think they are waiting for the drop....
We know Elaine, Where have you been... I've been waiting to see you chime in... By the way you're report is history. Check my posts #2230-#2245.
CURRENTLY: GOLD @ $1,209/oz. High $1,212.60/oz. Silver @ $17.67/oz. High 17.71/oz. Platinum @ $1,653/oz. Palladium @ $507/oz.
CURRENTLY: Opening in Asian markets for Friday, 5/7 GOLD @ $1,208.20/oz. Silver @ $17.65/oz. Platinum @ $1,659/oz. Palladium @ $508/oz.
I bet phones started ringing overnight, rudely waking them up and they began work from home, half dressed and preparing for an interesting day for a couple hours already.
The DOW really did a good job rebounding just before the close. If they had closed at around -900, then it would be chaotic right now.....it still could be....