Gold Monitoring Thread $ (USD) only

[5huggy]

Looks like another member has got this downtrend - bang on and "DEAD" right! 😉🤣🤣

[Cointreau]

I was right to be so bullish a couple of months ago. I have been quietly emptying my bank account which was nearly £40K at one point and buying lots of metal and mining shares.

I'm not going to be burnt by the inflation that's coming our way.

[5huggy]

ANYONE! want to tell me after looking at this chart for today 03/07/2020 that there isn't any manipulation occurring! 😏🤨

[5huggy]

BTW!

[sovereignsteve]

3 hours ago, 5huggy said:

ANYONE! want to tell me after looking at this chart for today 03/07/2020 that there isn't any manipulation occurring!

In what way? Seems like a very quiet trading session, maybe something to do with tomorrow being the 4th July?

[5huggy]

Chaos in Gold Markets Ripples to Other Precious Metals

By 

Justina Vasquez

2 July 2020, 22:10 BST Updated on 3 July 2020, 05:00 BST

The chaos that engulfed the gold market in March as the global pandemic choked off physical trading routes is rippling through other precious metals, resulting in price dislocations and a surge in exchange inventories for silver and platinum.

The gold market was thrown into turmoil in March as lockdowns grounded planes and closed refineries, leading traders to worry they wouldn’t be able to get gold to New York in time to deliver against futures contracts. That caused futures, which typically trade close to the London spot price, to soar to a premium, inflicting losses on banks that struggled to close arbitrage bets and spurring them to shift some positions out of New York futures.

There are signs that the dynamic isn’t limited to gold. Silver and platinum futures have traded at elevated levels relative to spot metals since early April. And as in the case of gold, the premiums are spurring big increases in on-exchange inventories in New York.

Video and whole article here      - - >>https://www.bloomberg.com/news/articles/2020-07-02/spread-blowout-that-jolted-gold-ripples-across-more-metals

[vand]

Spot has hit $1800

[5huggy]

[goluckystayhappy]

We should have a poll what threshold will be next crossed $1700 or $1900 ( on the way to Wongers $400🤣  )

[Spectre77]

Gold has been at ATL if we look on the CPI adjusted chart  lot of room for upside 

[Kman]

My guess is it's going to bounce off $1800 back to $1700 then break through $1800 strong 🦾

Edited July 8, 2020 by Kman

[cornishrich]

$2000 in 6 months you think? 

[DarkChameleon]

2 hours ago, Kman said:

My guess is it's going to bounce off $1800 back to $1700 then break through $1800 strong 🦾

This is its second attempt to stop above, this second peak covid could be what pushes it, if the dollar weakens as it should....this pie in the sky about schools opening in august is a joke or tragity about to happen

[DarkChameleon]

3 hours ago, cornishrich said:

$2000 in 6 months you think? 

Any hint of the econonmic bubble bursting from the fake money thrown at it will take gold to two easily, the wat it took it from $900 to $1800 at fair speed in the last round, just needs public distrust of the economy andthe new old selling their gold and pms at once and its off to the unknown.

[Kman]

6 minutes ago, DarkChameleon said:

This is its second attempt to stop above, this second peak covid could be what pushes it, if the dollar weakens as it should....this pie in the sky about schools opening in august is a joke or tragity about to happen

Well time will tell

I think it's going $1820 to $1720 to $1900 

[DarkChameleon]

15 minutes ago, Kman said:

Well time will tell

I think it's going $1820 to $1720 to $1900 

Staying high overnight is a good sign, the best time to sell recently has been 9pm to 3am est.

[DarkChameleon]

$1807....jumping bean at market open

[DarkChameleon]

Silver over 18.50...ita a nice morning.

[DarkChameleon]

1809

[DarkChameleon]

1810...we off to the races

[DarkChameleon]

1812

[5huggy]

NOW - Thats what you call a "BREAKOUT!"

[DarkChameleon]

2 minutes ago, 5huggy said:

NOW - Thats what you call a "BREAKOUT!"

And silver dancing with 18.70

[Kman]

It's going to $1820

If it doesn't bounce off like I'm guessing then $1900 is coming 

[vand]

The gold price action since 2016 has been the early adopters, but IMO we are now moving into the main phase of the bull market where institutional investors get on board. This will last another few years during which the price should at least double.

 

Let's hear it: