Gold Keeps Pounding Away!!

Discussion in 'Bullion Investing' started by fretboard, Jul 21, 2020.

  1. Collecting Nut

    Collecting Nut Borderline Hoarder

    They all went up yesterday.
     
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  3. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Up $36 an ounce..... may hit $2,000 by early-September when a focus on the election hits.
     
    Tuco likes this.
  4. Collecting Nut

    Collecting Nut Borderline Hoarder

    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.
     
    yakpoo likes this.
  5. yakpoo

    yakpoo Member

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

    [​IMG]
     
    Collecting Nut likes this.
  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Gold is rising on China tensions and political/economic uncertainty, not the dollar.
     
  7. fretboard

    fretboard Defender of Old Coinage!

    Broke the all time high price a lot faster than I thought!! :D Great news but unfortunately it's for terrible reasons! Up to $1940 early morning, that's insane!!
     
    Etcherman likes this.
  8. yakpoo

    yakpoo Member

    Lol...where do I start? :D
     
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  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    David Rosenberg had a segment on CNBC today bullish on gold.
     
  10. fretboard

    fretboard Defender of Old Coinage!

    Yep, I thinks it below! thumbupp.gif

     
    GoldFinger1969 likes this.
  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    $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.
     
  12. fretboard

    fretboard Defender of Old Coinage!

    Here I was thinking the POG would go down a little bit but the demand is crazy, all systems are on buy gold now!! :D
     
    GoldFinger1969 likes this.
  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Still up $15 or so today in quiet trading....$2,000 is resistance but eventually it could be SUPPORT. :wideyed::wideyed:
     
  14. Tuco

    Tuco Active Member

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  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    So when did Goldman Sachs realize that silver is over $22.00 an ounce? It closed well over $23.00 today.
     
  16. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Serious?
     
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  17. Collecting Nut

    Collecting Nut Borderline Hoarder

    Yup!! They made the announcement today.
     
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  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

    PT's often lag official updates.
     
    Collecting Nut likes this.
  19. Collecting Nut

    Collecting Nut Borderline Hoarder

    Yes but almost a Dollar and a half is a bit ridiculous.
     
  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    It's a PM, not a stock, trading desks are more relevant day-to-day, not the analysts.
     
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    $1,961 today...up another $17 :D
     
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