Gold & Silver Surge On Heavy Volume
Overnight weakness in global stock markets has prompted safety bids in Treasuries and precious metals but the last few minutes has seen a heavy volume spike in both gold and silver (above $1075 and $14 respectively)...
$1088 is perhaps the next target (50DMA) for gold and $14.46 (50DMA) for Silver.
(5 votes)
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Yup....wear that bug up your wazzo....and you'll never get lost again.
A quick phone call to the NSA.....and you'll know your exact GPS coords.
How many here on ZH bought their physical to day trade with? (crickets chirping in the background) For me, it is a small insurance policy for a 'rainy day'. Nothing more, nothing less. I DO NOT CARE WHAT THE PRICE DOES. As long as the purity and weight can't change, nothing else matters to me.
Anywho.... Downton Abbey has started back up for the season!!!
Gold has been beating its head against the $1077 glass ceiling for weeks. Let's see if it crashes through and goes higher. If so, the fat may be in the fire, and the cartel that has been putting all its effort in holding the 'natural' price spring down will let go all at once. (As in BOIIIIIINNNNNG!)
Lotta manure is set to hit the ventilator, with the ME covert proxy wars about to get very overt. The pretenses are being jettisoned, masks are falling, the snarls are showing, the claws are being sharpened, the safeties are being taken off weapons. Hell of a way to start the New Year.
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Perhaps i could invest in some PM's now. I am jaded enough that I don't feel that I missed a buying opportunity.
wow, much rise, many happy! errr are we not doing that anymore?? nevermid...
If I was a Chinese and watching my Yuan tank...I would think that gold is a good investment......and that is true in most emerging markets.....
gold and silver are tangible assets
as such in the long run they will outperform any fiat currency
This is the way the world ends
Not with a bang but a whimper.
- T. S. Eliot
I'm thinking more in terms of a loud, wet-sounding deflating whoopie cushion, the sound directed at stawk-holders, pensioners and GLD paper holders.
Great round trip in Ag going - these guys are sooooooo good!
Ag action - Ultimate manipulation or horrible margin calls (sell the sterling to pay the broker).
Nice early morning ramp up on silver, and nice 9AM smackdown. Gold, the same.
"Overnight weakness in global stock markets has prompted safety bids in Treasuries"
What a joyous start to the new year !!!
Dec 30 I LOADED UP on 30yr treasuries when the yield went above 3.05%, positioning for an expected/inevitable flight to treasury safety sometime before the FED's next rate hike in Mar would drive the prices lower.
BUT in the wee hours of the morning I saw the sharp selloff in China and woke up to a very welcome sharp drop in treasury yields to as low as 2.94% - a profit of as much as $3.60 per bond. I slammed the SELL button, collected enough profit to pay ALL of my living expenses for 2016 just after noon, then hitched up the boat and went fishing rest of the day.
I *LOVE* being an investment manager, trader & investor, SO SO SO SO much easier and quicker than the struggle I went through as an entrepreneur building products, services and businesses. If I had known how much fun this is, I would have retired from building stuff MUCH EARLIER than 42!
Oh, yeah, the fishing was awesome too - the bass were on a feeding frenzy and hit my bait on almost every cast. What a magical day ....
Hope you all earned profits too :-))