silversky

For xauusd


For gld

Looks like the US price is moving up into the stops zone...

I think it's partly because no one expected it.  That phrase about the "market existing to disappoint the most number of people" really seems to hold some weight sometimes.  The QE times made no sense at all.  It was strange to see vast amounts of nothing created and theoretically used to purchase real money and it not effect the price positively.  And then now, rates not coming down and gold powers on up against the expectations of those who piled in short.  As you say, no one really knows why, best just to enjoy the show.

Thanks.  They must have been badly burnt.  Might be a few new ones right now, but probably waiting for a big jump before getting involved
£470 is wild for a sov.  Hard to believe.

£22.9999
edit: £23 just been touched

I know it's tumbleweeds in here...  but Silver just broke the high from back in 2020!!  Silver chalked up the highest price it's been in 12 years...  

I know it's tumbleweeds in here...  but Silver just broke the high from back in 2020!!  Silver chalked up the highest price it's been in 12 years...  

Kaboom

Well it's been an incredible day.  I've been here almost the whole day trying to do other things as well as monitor and comment.  Looking good for the two who declared Up on Wednesday for the poll.....
Just 36 hours ago the consensus here was neutral for the close at the end of this week.  It's certainly been lively since then.  

Hard to see it, but it has exceeded the highs of 2020

I know it's tumbleweeds in here...  but Silver just broke the high from back in 2020!!  Silver chalked up the highest price it's been in 12 years...  

Markets open already.  Price is rising!!!

Silver on fire tonight.  30p jump with the open in Asia.  1.5% in less than an hour.

Thanks.  They must have been badly burnt.  Might be a few new ones right now, but probably waiting for a big jump before getting involved
£470 is wild for a sov.  Hard to believe.

Silver on fire tonight.  30p jump with the open in Asia.  1.5% in less than an hour.

only 9 bucks away now from the 2400  in usd.  

Hard to see it, but it has exceeded the highs of 2020

I know it's tumbleweeds in here...  but Silver just broke the high from back in 2020!!  Silver chalked up the highest price it's been in 12 years...  

I think it's partly because no one expected it.  That phrase about the "market existing to disappoint the most number of people" really seems to hold some weight sometimes.  The QE times made no sense at all.  It was strange to see vast amounts of nothing created and theoretically used to purchase real money and it not effect the price positively.  And then now, rates not coming down and gold powers on up against the expectations of those who piled in short.  As you say, no one really knows why, best just to enjoy the show.

There have been periods where gold has been inert, limp, lifeless   
- 2014
- 2017 to 2018
Why, against a picture of QE I can’t tell you.
Why the fireworks now?  I don’t know.  No one really knows, but enjoy.  
1900

'Comment' being a posh word for 'talk'. Could perhaps have used pronouns of he/haw (as in being able to talk the hind legs off a donkey) 

Seems incredible that gold has put on 18% in just under 6 weeks.  And it's done it by breaking the strong inverse correlation with the dollar.  The contrarian in me says to sell a bit and take something off the table, but I really don't know if this might just keep going?  Short term maybe a bit of a pause or a drop has to come eventually, but this year if they do finally cut rates then there's even more fuel for PM's to react positively.
In the meantime its trying for 1900 again. £1894 and rising...