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Au $999.10 in overseas

WeissWeiss Posts: 9,941 ✭✭✭✭✭
in Precious Metals
as of 9:45 pm central time...
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame

Comments

  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭
    Now riding the swell in PM's and surf.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    It actually touched just over $1000. PM's clearly don't want to leave the party yet. The dollar is at another interim low. GSR continues to lower even if quite overbought. Gold and silver slow stochastics now >80 for several days. A move Friday would not surprise me.

    roadrunner

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • Norseman88Norseman88 Posts: 962


    << <i>It actually touched just over $1000. PM's clearly don't want to leave the party yet. The dollar is at another interim low. GSR continues to lower even if quite overbought. Gold and silver slow stochastics now >80 for several days. A move Friday would not surprise me.

    roadrunner[/q

    You know with the dollar at such low levels I am kind of disappointed that precious metals aren't substantially higher than they currently are.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    1007
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    $1010......but the PPT, gold cartel and friends will be working hard to keep gold from getting its first ever weekly close above $1000.

    Yes, the dollar is being quite resistant to leaving the party. There have been many calls for bottoming over the past month. None have yet held. While gold should be doing better with the current dollar weakness one can only surmise the amount of behind the scenes action by the FED and Treasury to manage both. Another way to look at it is that when it hit 0.71 last time gold reached $1033. We're nowhere near that dollar level yet and gold is getting closer to $1033. It will probably be in the later fall per JS when the dollar commences its tumble.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • jmski52jmski52 Posts: 22,838 ✭✭✭✭✭
    The dollar is a confidence game. That is all.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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