Gold up $72+???
CaptHenway
Posts: 32,143 ✭✭✭✭✭
I don't know if this is just a thin, closed market glitch or not, but this
https://money.cnn.com/data/markets/
is showing Gold Futures up some $72 at $1,752.80
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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Must be a mistake
My Saint Set
Futures can get a little goofy on long weekends, prefer to use closing spot bid until market re-opens Mon.. :
https://www.kitco.com/charts/livegold.html
Here it is $1,703
https://sdbullion.com/gold-price
My Saint Set
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Just a little insider info courtesy of cnn.
How you proceed with the info is up to you.
maybe Thursday, but I show no futures activity today
Do not confuse spot price with futures price. Spot prices are for immediate buying and selling while futures contracts delay payment and delivery to predetermined future dates. Futures prices can be a window into future spot prices.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
That link is the June contract, not the current spot.
$1752 was Thursday's NY City Comex GC1 future's close. Gold moved down lower later that afternoon in Globex hours. Essentially no trading occurred after Thursday's Globex close (17:00 EST). The world markets take Good Friday off.
-That about sums it up @derryb.
.. The cat sold me on this one
Fake newz aka photoshop at it's finest.
The whole worlds off its rocker, buy Gold™.
@ReadyFireAim .... She is a real cutie.....Best forum picture of the year....Cheers, RickO
A "must read" for insight into the two largest gold exchanges:
Bullion Bank Nightmare As LBMA-COMEX Spread Blows Up Again
"In essence, the contango phenomenon we are seeing is one of gold futures prices trading far above spot gold prices, a sign of liquidity problems in the London gold market and a signal that something is completely broken between the world‘s two predominant “gold price discovery" trading venues – which both, by the way, trade paper gold."
"That the wide-open spread continues to persist is even more remarkable, despite the best efforts of the London Bullion Market Association (LBMA), CME Group (operator of COMEX) and the powerful London-New York bullion bank syndicate to throw all they have at the problem."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Thanks for the laugh. Ha!
Oh, BTW bring on $1800
100% Positive BST transactions
The higher gold, the less gold buyers
Welcome to the PM forum. It seems to me that the more buyers, the higher the price goes.
I knew it would happen.
disagree. The higher the price, the more attention and interest it gets. Speculators especially will wait for momentum before pulling the trigger.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
How'd that work out for you from 2000 to 2011 for gold? I bet the most buyers for it appeared in 2011 when the price was in the $1550-$1800 range and within 3 months of topping out. It' s more accurate to say.....the lower the price.....the less gold buyers.
Since Inception, The Euro Has Devalued 85% Against Gold
Insurance. period.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I sincerely hope you are aware that a chart of Euro vs fertilizer would look similar. Yeah, its true.
Knowledge is the enemy of fear
How much fertilizer do you have stored in your safe deposit box?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@PerryHall ....
Still laughing at that one.....Cheers, RickO
Sorry, gold only offers protection against manure currencies.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Too bad you dont live in Europe. ☹
Knowledge is the enemy of fear
No complaints at all with the current address or with the current gold vs SP500 charts.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I think everyone could say the same. Its all percieved perspective.
Knowledge is the enemy of fear