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Congratulations to gold - New all time highs! $2800+!!!

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  • ProofCollectionProofCollection Posts: 6,033 ✭✭✭✭✭


    << <i>Pf, slacker...$1825! image >>


    I know... there are a few times throughout the day, like when I am at the gym, where I will not stop and make updates, and this happened during one of those times.

    Anyway, gold on the move tonight... 1835+. Next light resistance at 1843.7.
  • yipee....get some food
  • ProofCollectionProofCollection Posts: 6,033 ✭✭✭✭✭
    1845+, Next resistance level 1860.5...
  • MsMorrisineMsMorrisine Posts: 32,956 ✭✭✭✭✭
    any estimates when they might raise margin requirements again?
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭


    << <i>any estimates when they might raise margin requirements again? >>



    I don't know but I did hear soemone on CNBC, yes the enemy, say when it happens, BUY the dip!!!

    The last one got filled in one day. When will be at par is my question?

    Miles
    Now riding the swell in PM's and surf.
  • CaptHenwayCaptHenway Posts: 32,078 ✭✭✭✭✭
    Great googely moogely!!!!!!
    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.
  • ProofCollectionProofCollection Posts: 6,033 ✭✭✭✭✭


    << <i>any estimates when they might raise margin requirements again? >>


    Probably when the POG goes up another 10-25%.


    << <i>Great googely moogely!!!!!! >>


    Capt, are you quoting Frosty Stillwell?
  • ProofCollectionProofCollection Posts: 6,033 ✭✭✭✭✭
    1875+! Wow!
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭


    << <i>Capt, are you quoting Frosty Stillwell? >>

    No. He is quoting Frank Zappa's Nanuck(sp).
  • Gold setting headlines, but Silver is having a pretty strong day as well. Up over 3%.
  • ProofCollectionProofCollection Posts: 6,033 ✭✭✭✭✭
    New highs tonight! 1885+
  • CaptHenwayCaptHenway Posts: 32,078 ✭✭✭✭✭


    << <i>

    << <i>Capt, are you quoting Frosty Stillwell? >>

    No. He is quoting Frank Zappa's Nanuck(sp). >>



    Actually, I'm quoting some commercial that was on TV about ten years ago.......

    LOL!

    The song in the jukebox in my head is "School's Out For Summer!!!"
    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.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    It's already surpassed what I thought the high for 2011 would be.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Impressive run, spectacular high.

    Everyone wishes they had more gold!

    Liberty: Parent of Science & Industry

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Big swing today...$1870 to $1895 down to $1860 and now up $38 to $1891. All that in 12 hours.
  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭
    I have officially girded my loins. Locked, loaded, and diapered.

    Miles
    Now riding the swell in PM's and surf.
  • ProofCollectionProofCollection Posts: 6,033 ✭✭✭✭✭
    It's official, $1900+!


  • << <i>Impressive run, spectacular high.

    Everyone wishes they had more gold! >>




    Nike is changing it's slogan from "Just Do It" to "Just Buy It"
    They will have a flying mj dunking a 2 kilo bar over Obama with Fort Knox in the background.
  • pocketpiececommemspocketpiececommems Posts: 5,839 ✭✭✭✭✭
    I guess that means it's time to metal detect for gold rings and not penniesimage
  • ProofCollectionProofCollection Posts: 6,033 ✭✭✭✭✭
    Quick spike in the afternoon session. 1915+!
  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭
    Wow.
    Becky
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Onward! Downward!
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>Onward! Downward! >>



    Good, PC needs a break. image
  • Looks like its allmost time for me to sell the 24 ounces I have laying around!
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    $1829, up $57.
    Hurricane rally. image
  • ProofCollectionProofCollection Posts: 6,033 ✭✭✭✭✭
    New highs tonight! 1920+
  • OPAOPA Posts: 17,118 ✭✭✭✭✭


    << <i>New highs tonight! 1920+ >>



    That was short lived ... is gold finally ready to take a much needed breather?
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • pf70collectorpf70collector Posts: 6,625 ✭✭✭
    Like the stock market Up and Down. I was happy to sell at $1894 this morning but only an ounce of gold.
  • OPAOPA Posts: 17,118 ✭✭✭✭✭
    Platinum has regained it's crown, but for how long?
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OPAOPA Posts: 17,118 ✭✭✭✭✭
    Gold has regained it's crown...for good?
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OPA,

    Wasn't Silver touted as King at one point about 100+ years ago. Its been Prince long enough these past years.

    Its Time for it to regain the Kingdom.
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • ProofCollectionProofCollection Posts: 6,033 ✭✭✭✭✭
    New all time high in Euros! 1380+
    Article
  • ProofCollectionProofCollection Posts: 6,033 ✭✭✭✭✭

    Time to dust off this thread. New ATH at comex tonight...

  • JimnightJimnight Posts: 10,846 ✭✭✭✭✭

    $1946.01 up $38.26 right now

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    Well, that took a minute!
    Glad to see I'm the same smart-ass a decade later 😉 yeah congrats gold, you are a trooper!

    Liberty: Parent of Science & Industry

  • KeevanKeevan Posts: 148 ✭✭✭

    Successful BST transactions (as a buyer) with @ArchStanton, @JGnumismatics, @r00kies101, @derryb, @76collector, @Pachucko, @brendanlam, @Coll3ctor. I am looking for fractional gold Krugerrands, by year: 0.5oz: 2014, 2020, 2023 | 0.25oz: 1992, 1994, 2002, 2020, 2023 | 0.10oz: 1990, 1992, 1994, 2010, 2020-2021

  • hchcoinhchcoin Posts: 4,829 ✭✭✭✭✭

    With everything going on lately it was just a matter of time.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Interesting to read these old 'gold prediction/status' threads....and now watch as new highs are hit....This ride is not over yet ..... Cheers, RickO

  • cohodkcohodk Posts: 19,062 ✭✭✭✭✭

    Yay!!! Viva la gold!!!

    Hoping (very poor investment strategy, but when in Rome) it reaches an inflation adjusted high.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,766 ✭✭✭✭✭

    What inflation? lol

    "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

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    Time to change this forum category name to “Precious Metals!!“

    Now riding the swell in PM's and surf.
  • ProofCollectionProofCollection Posts: 6,033 ✭✭✭✭✭

    Officially hit $2005 tonight.

  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    @ProofCollection said:
    Officially hit $2005 tonight.

    Not sure what chart you are reading.....I don't see that.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • ProofCollectionProofCollection Posts: 6,033 ✭✭✭✭✭


    Comex gold futures. I'm not sure what Kitco chart uses.

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    Big difference between spot price and futures price if you are dealing with physical metal anyway. The price of gold has yet to touch $2,000 in USD anyway.

  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    @ProofCollection said:

    Comex gold futures. I'm not sure what Kitco chart uses.

    Kitco is the chart you want to go by...It's the gold spot price.

    COMEX is a gold price for a future date delivered contract..(Aug or Sept...not sure what chart yours is)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • ProofCollectionProofCollection Posts: 6,033 ✭✭✭✭✭
    edited July 31, 2020 3:50PM

    @OPA said:

    @ProofCollection said:
    Comex gold futures. I'm not sure what Kitco chart uses.

    Kitco is the chart you want to go by...It's the gold spot price.

    COMEX is a gold price for a future date delivered contract..(Aug or Sept...not sure what chart yours is)

    How is the spot gold price determined?
    I trade gold futures so I go by Comex which is arguably "the" price of gold for the nearest contract month, which that chart is.
    You can take physical delivery of gold. Yes I know the rumors about default and cash bonus in lieu of delivery. But this is where the big gold buyers get their gold. And it's not like in this case the spot price is higher than the Comex price.

    Was the spot market (?) even open last night when this happened?

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭
    edited July 31, 2020 4:42PM

    @ProofCollection said:

    @OPA said:

    @ProofCollection said:
    Comex gold futures. I'm not sure what Kitco chart uses.

    Kitco is the chart you want to go by...It's the gold spot price.

    COMEX is a gold price for a future date delivered contract..(Aug or Sept...not sure what chart yours is)

    How is the spot gold price determined?
    I trade gold futures so I go by Comex which is arguably "the" price of gold for the nearest contract month, which that chart is.
    You can take physical delivery of gold. Yes I know the rumors about default and cash bonus in lieu of delivery. But this is where the big gold buyers get their gold. And it's not like in this case the spot price is higher than the Comex price.

    Was the spot market (?) even open last night when this happened?

    The spot market is open 24/7/365 unlike the market you speak of. Your market is closed for the next 62 hours or so. Personally I wouldn't want to take delivery @ $2K+ when spot is only $1960 but then again I like to hold my purchased commodities in hand not to mention I'm a cheap ole basstad. Good Luck!

  • MsMorrisineMsMorrisine Posts: 32,956 ✭✭✭✭✭
    edited July 31, 2020 6:26PM

    the spot is closed for a short period after 5pm... to 6pm (eastern) and does not trade friday night to sunday evening

    the gold futures market closes from 5pm to 6pm eastern M-Th and closes on 5 Friday until 6pm Sunday.

    the front month for gold futures is Dec 2020

    there is a thread I made where I found the formula to calculate the spot price from the futures price. At the one point I checked, kitco was spot on, pun intended.

    https://forums.collectors.com/discussion/1023467/found-formula-for-taking-futures-quotes-and-converting-to-spot

    there was a dislocation in quoted spot price on kitco being higher than the futures contract. this was in the heart of the pandemic. I think it was due to lack of COMEX inventory. I think. COMEX has supoosedly been replenished if you buy the MSM.

    and of course there is now a dislocation between spot price and what price people are actually buying and selling.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    Thank you MSM for explaining it once again...

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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