Up $32 bucks in a day

mrearlygold

Yup

$1563.18, Up $32.38

gsa1fan

piecesofme

the higher it gets, the less of a % move it is. % not $'s.

jmski52

Doesn't look like the percentage move is getting smaller to me.

edmundfitzgerald

Will anyone really be shocked if we hit 2,000 by the end of the year ?

TWQG

It does look to be failing miserably.

Meltdown

<< <i>It does look to be failing miserably. >>



What does? Your eyesight?

piecesofme

I know I'm being baited, but see it the way you want. The way I do is:

So let's say Gold is at $1560. A $32 move means it moved about 2.2%
($1560-$32=$1528...so a $32 move on $1528 is 2.2%)

When Gold moved up to $1300 on a $32 move, that would've worked out to be about a 2.55% move.
($1300-$32=$1268...so a $32 move on $1268 was 2.55%)

Really simple Math, but what do I know? % not $'s.

jmski52

POM, your math is correct. I'm just saying that in recent weeks, the price rate of change does not seem to be decreasing. Compared to a $32 move at $1,300 - of course you are correct. Did it do that? I've been paying attention, but not THAT closely. You aren't gonna make me go back and do a bunch of math now, are ya?

To think that a fellow forum member would think that I was trying to bait him! Who, me?

gsa1fan

Spot price is listed in $'s not %'s. Most folks I know would relate to $'s not %'s.

piecesofme

Spot price is listed in $'s not %'s. Most folks I know would relate to $'s not %'s.

To each his own.

To think that a fellow forum member would think that I was trying to bait him! Who, me?

Why that would never happen here Not to overcomplicate it, I was just using $32 move on $1300 as an example that if it had moved $32 at that time, the % is better than it moving $32 at $1560...which is the whole point of what I am saying. The bigger the $ number gets, the harder it is to maintain the % . Caphice?

jmski52

The bigger the $ number gets, the harder it is to maintain the % . Caphice?

Not to be argumentative. Well, maybe just a little bit argumentative but - if we hit hyperinflationary numbers for the price increases in gold, the %'s will increase even faster than now, although not as fast as the $ numbers. Both scales have their uses. I don't think that bigger dollar number changes cause the rate of change to increase or decrease any more, or less. The market only reflects what its participants want to do.

piecesofme

Not to be argumentative. Well, maybe just a little bit argumentative but - if we hit hyperinflationary numbers for the price increases in gold, the %'s will increase even faster than now, although not as fast as the $ numbers. Both scales have their uses. I don't think that bigger dollar number changes cause the rate of change to increase or decrease any more, or less. The market only reflects what its participants want to do.

It's all just constructive conversation and hopefully something can be taken from it. I enjoy it when it's civil. Hopefully we all can agree on that. Admittedly, I need a little work on perfecting that. From this side of it, I'm not alone in that need.

I agree in part with the market only does what it participants do. My cynical thinking thinks (really knows) that there are powers at work though that you & I can do nothing about other than be reactionary. Knowing that, being proactive in protecting your assets in extremely prudent.

coinkat

Nice looking chart

CaptHenway

Here's the silver equivalent:

30 day silver