We focus on the upward move in gold today
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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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?
Great, BobUk
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
Gold is range bound and will continue until AN EVENT really kicks into high gear.
Can you say ….CASHLESS and negative interest rates.
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.
So true, Bird.
Bird, your comments are so general in nature, everything changes, that is like could have, should have , maybe, maybe not……………lol
How’s this…negative rates are a passing trend. They will not last forever.
Good point SD Marc. Wednesday news over-reaction day may be just that event.
WHERE IS MARK………….we need his call on…………OPTION EXPIRY
“Dancing around $1200” – that says it all.
It’s going to have to clear $1250 before I make a move.
good suggestion, I agree.
oh, Frankonivitch;
I should have mentioned – the move I make might be to sell. ha!
ditto……….buy low , sell high….
I like that $1300 mark myself.
might , could , would , should ,……..you need to be a forecaster like some other experts. 🙂
New game in town…………CASHLESS IN CLEVELAND.
I agree with Jerry (sorry Frank from Moscow)
🙂
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.
May be bb
We still don’t know how Newmont managed to pull that off. We will see if it is legit.
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????
Sorry, missed the word, ‘cycles’ in the fourth line about gold & silver prices.
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