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Talking heads are saying gold is down today. NOT SO!

BigEBigE Posts: 6,949 ✭✭✭
in Precious Metals
The dollar is up 1.5%. Whats 1.5 times 1600? Gold is actually hanging in there. Wait until the dollar corrects down, just like money in the bankimage--------BigE
I'm glad I am a Tree

Comments

  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    I see the Dow off about 2.89%, and gold down about 0.3%. Looks like gold won.

    At its worst, gold was off about 2.6% from it's morning high, but it recovered most of the day's loss.

    Oil is off over 5%. Silver down about 10%. Gold is looking pretty darned good!

    MOO
    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.
  • SpoolySpooly Posts: 2,108 ✭✭✭
    Platinum and Palladium took a smack down!
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • johnny9434johnny9434 Posts: 28,307 ✭✭✭✭✭
    play the game play the game play the game
  • OzzyAndyOzzyAndy Posts: 344
    As often happens, the Aussie dollar took a hit as well so Gold is actualy up in Australian dollars in the last 24 hours. Silver wasn't so so lucky.
    Still thinking of what to put in my signature...
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