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Re: August gold and silver trading thread ***
While $945 held for the close, it did concern me that $941 was hit on the morning sweepdown following a head fake to $950. That was similar to how the low $950's were swept down last week from $970. It seems to hint that $930's will eventually come and possibly $920's. But for now I would agree that gold looks like it… -
Re: August gold and silver trading thread ***
I made my first big wager in gold in the fall of 2004. Now, the outlook for the dollar looks even more bleak than it did then. Of course, it is now costs me 2x more of my earnings to invest in gold (versus late 2004). The system is slowly but surely falling apart... -
Re: August gold and silver trading thread ***
Another consolidation day. The chart is now loaded with energy and poised for another move. Again it could be in either direction, but IMO, up is the most likely direction. I'm not expecting much for a summer Friday, gold may put its move off until Monday. The dollar has held steady, but IMO, still needs to decline another… -
Re: August gold and silver trading thread ***
Local coin shop says that $20 gold has been on the move this week. I haven't seen it reflected anywhere though. Heritage has raised their sell prices on circ $20's as well as MS 64 $20 Libs and MS63-65 Saints. RR, you haven't mentioned the gold/silver ratio lately. What's going on with that? I see it's at about 66 at the… -
Re: August gold and silver trading thread ***
Smackdown on Friday to a 3rd time in the past week or two down to the $939-$941 region though only very briefly. According to Sinclair this was a gold capping excercise at $960 along with keeping the dollar propped above 78.4. Regardless of what it was, it worked. Major changes in the COT numbers as of Tuesday 8/11…
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