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We focus on the upward move in gold today

April 27, 2015

Today we chat with Chris about the move up in gold today. Like the majority of analysts Chris is not jumping on the gold bandwagon after this move.

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Discussion
26 Comments
    Apr 27, 2015 27:30 AM

    Here’s a thought –

    Perhaps the Greek Foreign Minister, Tsakalotos, is taking over the negotiations with the EU now because negotiations are no longer based on economics but on what Greek’s role within the EU will be once it defaults?

    I

      Apr 27, 2015 27:32 AM

      That will teach me to be eating nuts whilst typing – one slip of an almond and I posted before I had finished.

      What I was going to say is perhaps people are buying gold today because the Greek / EU endgame is now here and the shuffling of the Greek negotiating team, from the Economic guy to the Foreign Minister, is indicative of this?

        Apr 27, 2015 27:45 PM

        Great, BobUk

      Apr 27, 2015 27:28 PM

      Quite possible, Bob — especially since it’s a given, too, that a Greece free somewhat of the E.U. will be a Greece that much closer to Russia

    Apr 27, 2015 27:31 AM

    Gold is range bound and will continue until AN EVENT really kicks into high gear.

      Apr 27, 2015 27:34 AM

      Can you say ….CASHLESS and negative interest rates.

        Apr 27, 2015 27:02 PM

        That won’t last forever, Frank. I mean, negative rates are interesting for awhile but all things end in time. Even inflation will eventually return.

          Apr 27, 2015 27:46 PM

          So true, Bird.

          Apr 28, 2015 28:57 AM

          Bird, your comments are so general in nature, everything changes, that is like could have, should have , maybe, maybe not……………lol

            Apr 28, 2015 28:35 AM

            How’s this…negative rates are a passing trend. They will not last forever.

      Apr 28, 2015 28:50 AM

      Good point SD Marc. Wednesday news over-reaction day may be just that event.

    Apr 27, 2015 27:39 AM

    WHERE IS MARK………….we need his call on…………OPTION EXPIRY

    Apr 27, 2015 27:49 AM

    “Dancing around $1200” – that says it all.

    It’s going to have to clear $1250 before I make a move.

      Apr 27, 2015 27:57 AM

      good suggestion, I agree.

        Apr 27, 2015 27:02 AM

        oh, Frankonivitch;
        I should have mentioned – the move I make might be to sell. ha!

          Apr 27, 2015 27:18 AM

          ditto……….buy low , sell high….

          Apr 27, 2015 27:25 AM

          might , could , would , should ,……..you need to be a forecaster like some other experts. 🙂

            Apr 27, 2015 27:26 AM

            New game in town…………CASHLESS IN CLEVELAND.

      Apr 27, 2015 27:47 PM

      I agree with Jerry (sorry Frank from Moscow)

        Apr 28, 2015 28:49 AM

        🙂

    bb
    Apr 27, 2015 27:10 AM

    China QE Squeeze As Gold & Silver Go Vertical on Heavy Volume

    Posted on April 27, 2015 by The Doc

    With China leaking rumors that QE is likely imminent this morning, it appears the shorts have been caught naked and are now in a covering panic, as gold and silver have burst vertical on heavy volume, with silver slicing through resistance at $16, up over 3% to $16.45, and gold up nearly $25 to $1205:

    Little bit of a jump today, maybe it takes a little time for that Trillion dollars of Indian gold hitting the market to have an effect.

      Apr 27, 2015 27:48 PM

      May be bb

    Apr 27, 2015 27:30 AM

    We still don’t know how Newmont managed to pull that off. We will see if it is legit.

    Apr 27, 2015 27:31 AM

    Came across an interesting book recently entitled Chaos making a new science by James Gleick. Most of the science is above my life’s pay grade but an interesting quote seemed apropos for these pages: “Scientists and nonscientists alike……can easily mis-lead themselves about complexity if they are not properly attuned to it. Why do investors insist on the existence of in gold and silver prices? Because periodicity is the most complicated orderly behavior they can imagine. When they see a complicated pattern of prices, they look for some periodicity wrapped in a little random noise. In the past, scientific experimenters have seen chaotic behavior in innumerable circumstances. They’re running a physical experiment, and the experiment behaves in an erratic manner. They try to fix it or they give up. They explain the erratic behavior by saying there’s noise, or just that the experiment is bad.” Could it be that cycles, which many believe in aren’t really capable of forcasting the future????

    Apr 27, 2015 27:33 AM

    Sorry, missed the word, ‘cycles’ in the fourth line about gold & silver prices.