Gold Spikes On Massive Volume After Trump's Fed Chair Comments

The Dollar index dropped and gold jumped as President Trump told reporters during a meeting with the prime minister of Singapore that he was "very very close" to a decision on who would be the next chair(person) of The Fed...

Jerome Powell continues to be the front-runner...

In a span of five minutes, 18,792 gold contracts, each representing 100 ounces of the metal, traded on the Comex at around 11:55 a.m. in New York - this represents around $2.4 billion notional of sudden buying-panic...

 

Pushing the precious metal above its 100DMA...

Comments

Mr. Universe thinkmoretalkless Mon, 10/23/2017 - 21:41 Permalink

Fog rolling in off SF bay? The fog comes in from the west (Ocean) not off the bay (east). Where I grew up in South City the fog would roll in over the slot in June and stayed all Summer. When I lived out in Pacifica I feared for my life driving home some nights, almost as bad as the Tule Fog out in the valley. In fact I think those that need the fear you are talking about should join an early AM test of Teslas autonomous systems in heavy Tule fog, the kind Elon wants his new workers to commute through...

In reply to by thinkmoretalkless

nsurf9 LawsofPhysics Mon, 10/23/2017 - 13:07 Permalink

Only American citizens should be in control our money. No one should be unconstitutionally empowered to devalue, at their will, all the sweat, tears, blood and work we have done to honestly earn it. And, everything they have taken is STOLEN PROPERTY and fruit of the poisonous tree.  I agree with Henry T. Ford - there should "be a revolution before tomorrow morning" - if not this very second!!! Meet the original charter members of United States Federal Reserve (Central) Bank and the biggest thieves of your money and mankind has ever witnessed. All of them are Rothchild and half of them are not even American.  Rothschild Bank of London, Warburg Bank of Hamburg, Rothschild Bank of Berlin, Lehman Brothers of New York*, Lazard Brothers of Paris, Kuhn Loeb Bank of New York*,Israel Moses Seif Banks of Italy, Goldman, Sachs of New York, Warburg Bank of Amsterdam, Chase Manhattan Bank of New YorkAren't you curious why you don't know this?

In reply to by LawsofPhysics

VWAndy Mon, 10/23/2017 - 12:33 Permalink

  Why do they still exist? Oh yea thats right. They exist to fund all the stupid.  On that note. Darwin effect would solve for stupid pretty fast without the fiat.