This page has been archived and commenting is disabled.
Gold Breaks Above $1,300
For the first time since in over 3 months, spot gold prices are back above $1,300 and continued to be the best performing asset since the December taper and the start of the year... $1,304.70 is the crucial 200DMA that has not been tested since over a year ago.
Back above $1300 for first time since Nov 8th.
and is pressing the 200DMA for the first time in over a year (and retraced to 50% of the 2008-2011 swing).
Gold has been outperforming...
»
- 17511 reads
- Printer-friendly version
- Send to friend
- advertisements -
I'm buying 15% below spot. Drop me an email, I'll show you how. Greg@ logigold.com
To da moon!
This time, the hate for people like us is going to be incredible. The sheep will be out for blood, and try to blame us, eventhough we did not cause the problem, we were jsut smart enough to protect ourselves as best we could. It's gong to be sad.
Yesterday I traded a gun that cost me $850 for a 1985 1ozt Maple Leaf.
It's a good time to be alive.
#winning
I must have made a huge mistake loading up at $1200./s
Sure you did.
I sold at the peak in 2011 too.
I'm scared.
Gold Breakout: Yellen Pledges Continuity; Rickards Says Prepare For A 'Taper Pause' In June
Jim Rickards was spot on the money with his last call on Gold just before its breakout of the $1270 level. Now he is calling again for the Taper Pause in June. Today Gold was knocking on $1,300 with the highest print of $1,303 so far and shorts in the Gold market can experience the Blood Friday tomorrow if Gold can manage to close above this psychological level. The real driver is the unprecedented demand of 2,181 tons of Gold from China in 2013: http://sufiy.blogspot.co.uk/2014/02/gold-breakout-yellen-pledges-continu...
Hows your bitcon working for ya?
all those bitcon pumper nicks have been delisted
I predict taper will curtail much earlier than June. I don't think they understand how addicted this market is to fiat cash for free. It's the only thing keeping it afloat. Remember this is an election year and The Fed needs to make sure Obama keeps this game going for as long as possible. Obama can't afford a market crisis this year either.
But there is an elephant in the room, which is the market sentiment. They can buy alot of things but sooner or later the market will realize that this is a bubble. Once that happens, no amount of money will stop the stampede for the doors. My two cents.