Home› Precious Metals

CNBC's Breaking News: "Gold falls on dollar's rise, snaps overnight rally" WTH!?

jmski52jmski52 Posts: 22,826 ✭✭✭✭✭
in Precious Metals
Okay, I get it. CNBC flashes that headline so I check Kitco and gold is up $3.00 showing a sharp rise of about $10.00 from what looks like overnight lows.

All this while the Dow is set to open 200 pts lower and all the overseas stock markets were down by 2% to 3%. No headline material there, I guess.

The gold action is hardly worth a footnote, other than "gold maintain's it's value in the face of stock market drops". Yeah, there's no bias in these talking heads, none at all.
Q: Are You Printing Money? Bernanke: Not Literally

I knew it would happen.

Comments

  • johnny9434johnny9434 Posts: 28,313 ✭✭✭✭✭
    i dont always put that much faith in cnbc's stuff all the time. with the uncertainy still there and around the world its tough to call that one. who knows for sure
  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
    Dewey defeats Truman
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    CNBC is by far the biggest gold hater IMHO. Let gold drop a little they are screaming!
    Avid collector of GSA's.
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭


    << <i>CNBC is by far the biggest gold hater IMHO. Let gold drop a little they are screaming! >>



    Just talking head puppets for the PTB.

    HH
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • SaorAlbaSaorAlba Posts: 7,540 ✭✭✭✭✭
    I look at Kitco only and even it is a bit off. I cannot imagine punishing myself by listening to the flatulent yappers on the TV.
    In memory of my kitty Seryozha 14.2.1996 ~ 13.9.2016 and Shadow 3.4.2015 - 16.4.21
  • Wolf359Wolf359 Posts: 7,656 ✭✭✭
    It's options expiration day. They are fighting to keep it below 1200.

    As of Friday there were 17,675 calls at the $1200 strike price level, which means they have come down very little. The Gold Cartel always seems to win these major option battles. If they ever lose big, it will signify they are in the deepest of trouble, not that they aren't anyway. It will just make it obvious to professional players.


    Good today only
    Multi-channel listings of coins and inventory management

    Free Trial
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Comrade, look into my eyes, "these are not the droids you are looking for."
  • jmski52jmski52 Posts: 22,826 ✭✭✭✭✭
    I look at Kitco only and even it is a bit off. I cannot imagine punishing myself by listening to the flatulent yappers on the TV.

    Here is my secret - I keep the TV on with the volume "off" until I see Rick Santelli on the screen. Then I turn up the volume until I hear what he has to say. Then I turn the volume back off.

    This has saved me much grief.image

    Comrade, look into my eyes, "these are not the droids you are looking for."

    My alltime favorite movie! "Feel the force, Luke!"image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    Freedom of the Press belongs to those that own one.

    "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

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,363 ✭✭✭✭✭
    They're experienced but not skillful liars.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>I look at Kitco only and even it is a bit off. I cannot imagine punishing myself by listening to the flatulent yappers on the TV.

    Here is my secret - I keep the TV on with the volume "off" until I see Rick Santelli on the screen. Then I turn up the volume until I hear what he has to say. Then I turn the volume back off.

    This has saved me much grief.image

    Comrade, look into my eyes, "these are not the droids you are looking for."

    My alltime favorite movie! "Feel the force, Luke!"image >>



    i have no secret i am smitten for Erin Burnett.
  • DoubleEagle59DoubleEagle59 Posts: 8,308 ✭✭✭✭✭
    they're all Cramer wannabes!!
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>they're all Cramer wannabes!! >>



    "THEY KNOW NOTHING!!!"
  • BearBear Posts: 18,953 ✭✭✭
    The sky aint falling until Henny Penny says so.
    There once was a place called
    Camelotimage
Sign In or Register to comment.