Dollar index up strong today. Metals could get squishy.
Edited to add: Or not. Kitco says the rioting in Greece is scaring people into metals.
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.
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.
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.
Edited to add: looks like about $1576 around Midnight between Sunday, May 1 and Monday, May 2. Closed Monday in the mid-$1540's after spiking back up over $1570 on Monday afternoon.
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.
Did we achieve a new record close for gold, or not?
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.
We must have set a new record high, because we came off it.....
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.
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.
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.
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.
Greece approves first part of the austerity bill. Let's see what this does to the Euro and gold.
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.
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.
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.
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.
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.
Kitco News) - Money managers have slashed their net long, or bullish, positioning in U.S. gold futures and options to the lowest level in more than four months and in silver to the lowest level in more than a year, according to the most recent data from the Commodity Futures Trading Commission.
The agency’s weekly commitments of traders report shows that much of the selling in the week to June 28 came in the form of long liquidation, or selling to exit long positions, rather than outright selling on bearish views.
<< <i>Why are the PM's so steady if everyone is selling >>
Sounds like they are done selling. If that was what pushed the market down last week, it is no longer being pushed down.
TD
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.
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.
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.
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.
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.
Comments
Edited to add: Or not. Kitco says the rioting in Greece is scaring people into metals.
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<< <i>It's baaaaaaack!!!!!!
<< <i>You called?
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Wheeeeee! >>
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I knew it would happen.
Got quoins?
We seem to be getting close to it again.
TD
Edited to add: looks like about $1576 around Midnight between Sunday, May 1 and Monday, May 2. Closed Monday in the mid-$1540's after spiking back up over $1570 on Monday afternoon.
<< <i>I really hate red. >>
Skelton or Buttons?
<< <i>Cue the roller coaster....... >>
I hope the wheels are greased...
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<< <i>
<< <i>
<< <i>
<< <i>
<< <i>It's baaaaaaack!!!!!!
<< <i>You called?
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>>
Wheeeeee! >>
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linky
TD
The agency’s weekly commitments of traders report shows that much of the selling in the week to June 28 came in the form of long liquidation, or selling to exit long positions, rather than outright selling on bearish views.
<< <i>Why are the PM's so steady if everyone is selling >>
Sounds like they are done selling. If that was what pushed the market down last week, it is no longer being pushed down.
TD
it all into physical.
Whoever is liquidating physical at these levels seems to me to be pulling the trigger a little early.
–John Adams, 1826
<< <i>Yippee-Yi-Yo-Ki-Yay!!!! >>
What I said.......