Next Level: GOLD $1,350.00

Well there was some pullback this morning and when the U.S. markets opened, it went right back up, so I was kinda shocked to see that......

In regards to silver, when I think of pullback, I'm thinking back in the low $18's....high $17's.....

 

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Skimming the headlines today shows stirrings that PoG $2,000 and oil $100 suggest potential 'bubble' territories with those figures. Yet heavy demand in precious metals ETFs and continued allegiance to gold for protection due to fears of policy decision in the US is reasonable for PoG to continue rising, $1,300 - $1,500 and oil $70-$80.

It's these regular ups and downs that I expect, especially when a wave of excitement over this or that level is a flurry of talk despite the ongoing market factors and timely cycles for PMs to perform in this manner.

 

CURRENTLY:

GOLD: $1,246.40
Silver: $19.88
Platinum: $1559
Palladium: $527​

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Where's the love...

CURRENTLY:

GOLD: $1,246.80 [$1,241.40 / $1,258.50]
Silver: $19.84 [$19.73 / $20.10]
Platinum: $1554
Palladium: $525​

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CURRENTLY:

GOLD: $1,245.70
Silver: $19.77
Platinum: $1556
Palladium: $525​

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CURRENTLY: US markets closing in approximately 15 minutes...

GOLD: $1,244.30
Silver: $19.74
Platinum: $1557
Palladium: $527​

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CURRENTLY: at the US market close for Thursday, 9/9/10...

GOLD: $1,245
Silver: $19.76
Platinum: $1556
Palladium: $526​

Asia-Pac markets opening in 15 minutes...
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CURRENTLY: In UK/EU markets for Friday, 9/10/10...

GOLD: $1,250.40
Silver: $19.96
Platinum: $1556
Palladium: $527​

US markets opening in an hour thirty minutes...

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US stock market just observed a moment of silence for the 9th anniversary of nine eleven.

 

CURRENTLY: In US markets for Friday, 9/10/10...

GOLD: $1,243.40
Silver: $19.90
Platinum: $1550
Palladium: $521​

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CURRENTLY:

GOLD: $1,246.80
Silver: $20.00
Platinum: $1552
Palladium: $524​

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Wow this is shocking, any news updates for the rise? I thought the recent price drop yesterday was the beginning of the pullback...

 

Not any one or two things to immediately point to. Oil seems up. EU stability still seems a concern. The month is typically pretty good for metals. Maybe a lot of traders out this week for Rosh HaShanah (Jewish New Year) observance.

 

CURRENTLY:

GOLD: $1,248
Silver: $20.04
Platinum: $1552
Palladium: $526​

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Interesting, you know, everytime you guys post the spot prices, I never see those prices when I go to APMEX. It's always about 5 cents below...

 

Yes, I have noticed this too. I always quote Kitco 'Ask' price when I post numbers. I also, daily at about 11 am, compare Kitco 10 oz. silver bars to APMEX 10 oz. silver bars. The APMEX bars are usually within 3¢-10¢ below those sold by Kitco. I know that Kitco has a guarantee buy back of their Kitco branded bars, but I'm not sure if APMEX carries the same policy.

 

What is the difference between ask and bid?

 

Sorry it took me a few minutes to dig this up for you. Doug explained this well fairly recently in this thread: Bid vs Ask

 

President Obama is speaking to journalists about (stimulus) the economy, UK/EU markets are closing for the week...

CURRENTLY:

GOLD: $1,251
Silver: $20.04
Platinum: $1555
Palladium: $524​

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CURRENTLY:

GOLD: $1,247.30
Silver: $19.93
Platinum: $1547
Palladium: $521​

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