This page has been archived and commenting is disabled.
Gold & Silver Bid In Asia Session As China Returns From Holiday
With China's return from the Lunar New Year celebrations, it appears precious metals are benefitting from some pent-up demand. Gold, and its high-beta cousin Silver have jumped in the Asia session and are now the best performing asset post-Yellen testimony. US equity futures have drifted lower from the cash close and copper has given back most of its gains...
Post-Yellen, Gold and Silver are outperforming...
Gold topped $2010 and Silver $16.70...
With the Yuan trading near 30-month lows against the USD, perhaps the Chinese are starting to rotate away having rested for a few days...
»
- 12622 reads
- Printer-friendly version
- Send to friend
- advertisements -
Exceptional...
yeah, I was noticin' that tonight.
I'm always split on good PM news and bad PM news.
On the one hand, I loooooooooove me some bad PM monkey hammerin', cuz hey...nothin' better than scoring more fat stacks of cheap phyzz.
But on the other hand...ya gotta love it when the phyzz starts rockin' to the upside....it so pisses off those mother fuckers who can't eat gold or silver. ;-)
No matter what though we're still at BELOW cost of production prices, so just keep stackin' on the dips and/or when you can fit 10, 20, 30, 40 or more ounces of hot, shiny silver into yer budget!
Remember the good old days of Blythe? This is definitely a FUBM.
Yeah I remember the hated Blythe Masters. There is a urnal maker here in Canada called "Masters" - every time I piss I think of her.
Ennio Morricone: The Ecstasy of Gold
https://www.youtube.com/watch?v=nOr0na6mKJQ
Yeah, that's right, bitchez. The Good, The Bad, and The Ugly.
The Good: Gold
The Bad: The Fed and The government
The Ugly: Fiat currency
Or if you prefer the bad ass Metallica version:
https://www.youtube.com/watch?v=a41bERTFBUI
Are you stackin', bitchez??????? Better be...
I am just waiting for the US Senator morons to force SWIFT to eject Russia. Euros, Yuan and Gold will be means to settle trade, and over time once everyone figures out that USSA money laundering laws can be circumvented by Russia's new systems, watch the Ruble Fly!
@ Save_America -, I beleive the production cost average must have slipped. I dont know the full metrics but as oil is the biggest component of production of gold, $100/barrel averaging $1250/oz, at $50 a barrel of oilit must surely bring the current cost average down to sub $1000 /oz
Fuel and lubricants are a big expense for miners, but on average would account for approximately $100/oz. with oil at $100/bbl. So we can figure the average miner is tacking on $50/oz. per ounce produced to his bottom line once the lower oil prices are actually realised in their operations. A much bigger factor in their bottom lines is currency exchange. Non-u.s. miners should be seeing larger profits due to stronger dollar/weaker foreign currencies - depending on how they hedge their currency risks.
i think it must be a greater component than that - otherwise how was gold above production cost during the 90's / early 2000s when it was floating around $400 - $700 / oz with oil at $25-$40
" Gold topped $2010"
Tyler,if your gonna drink all that cough syrup inthe morning,,,,bring enough for the rest of us.....
Love your site Brother!
Yeah, "$2,010".... I had heart palpitations and that's not good at my age.
Whew!
One fine day...you'll look at me...and you will know our love was, meant to be....
https://www.youtube.com/watch?v=KvyOqKhKWQ4
I'm feelin good, must be the olives.
my neighbor's mother makes $86 /hr on the computer . She has been laid off for 10 months but last month her pay was $21128 just working on the computer for a few hours. go to the website... www.globe-report.com
I would really like a donut.
The Chinese love waking up and seeing the discount.
The cartel taking a night off, eh? F*ck the banksters
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Tomorrow it will be hammered down to below today's rise.
<sigh...>
LOL at the typo "gold topped $2010" - my heart skipped a beat for a minute there
It's not a typo, it's foreshadowing ;)
ZH fat finger
2010.00 still low for the yellow metal. 5050.00 closer.
BTFT
(Buy the fucking typo)
Logged in just to give you props. Just taking it to new extremes of ridiculousness! Thanks for the laugh
I am assembling the monkeys now..........they are each required to take a hammer to market in the morning.
BTHOTD (Bought the Hell Outta this Dip) in my SGPMX.com account.....nice average for the year :)
$2010 Wo0t! Oh wait...what?
Au refuses to stay below 1200 it seems. Or is that 2100
ZH top ticking?
"Release the [Dragon]"
And by 9:30 am both will have completely retraced to where both were at 1:30pm EST. I have only seen maybe two instances in 4 years where that did not happen. It only has a chance of sticking if the Asian move is down. The bankers will not let their derivatives go out of the money during the US session. The pricing is completely fake.
... and down we go... probably be red by 8:00AM EST.
20 minutes to go and we are just about there. Futures expiry today so obviously this is perfectly normal.
Typo's of this magnitude result in u turns down at the tit bar.
That's not very good for the economy so says tptb.
Good news: Gold up about $10 and no wipe out on the earlier futures downmoves (yet).
Bad news: Geopolitical situation.
I imagine SHTF situation may come to my place too, I will be warned but not sure and might fail to escape.
ur holding real money...
who fucking cares about the debt coupon dollar PRICE of it....
DEATH TO THE MONEYCHANGERS.
looks dollar related; cable and euro stronger in early europe
if my levels in euro and cable are seen dollar will have moved a lot lower, and i guess gold higher in turn
i bought early dec after the silver spike down flush (bottom imo)
oh, and david cameron (uk pm for those who don't know) is up for aiming the uk rebels
geopolitics is front and centre
Damn Tylers, don't you know the PPT algos read ZH, and every time you write a headline about PMs being up they cram them back down??
If you must provoke a dump in PMs, please do it during NY open so that your US readers can exit our trades. Thank you.