Gold Up Most In 3 Months, Spikes Above Key Technical Level

Gold continues to shine in the post-Saudi-coup world....


And the precious metal just broke above its 50-day moving average, after bouncing off its 200-day on Tuesday.


This is gold's best day in 3 months...


Gold is gaining as the dollar index slumps to near 1-month lows...


Of course, it's USDJPY that really matters (and it just broke below 112.00)


Gorgeous HillaryOdor Fri, 11/17/2017 - 15:03 Permalink

Oh yes, the "technical levels".  They are very hard to understand, which is why we need MORE PowerPoint LINES drawn on the charts, Tyler!!  More dashed lines, more sloping lines, more big fat red lines, more dashed lines with arrowheads pointing to time back when, and more converging lines to show some damn thing or other.  We can't read the charts by themselves, we need MORE LINES to direct our thoughts.  If a slope is going up, we need MORE LINES to make that clear.  And more cowbell if you have it.

In reply to by HillaryOdor

DeadFred Fri, 11/17/2017 - 13:12 Permalink

You can look you on line that Tony Podesta was arrested earlier this week. Hillary will be on Monday. Stuff is hitting the fan right now.

DeadFred Thought Processor Fri, 11/17/2017 - 13:48 Permalink

There have been many rumors that the swamp is starting to be drained. The crash could be part of that. I'm not kidding about the arrest. Go to a site that does arrest reports and put in his name, Anthony Podesta, and you will find he was booked earlier this week. You'll have to pay to see the report but the reports I've seen on this look like they are credible. Hillary is a rumor, but a happy one :)The thought exercise here is to try and figure out what the 'markets' would do with this. I get an image of Jake Tapper unhappy when I try this and my delight keeps me from going any farther.

In reply to by Thought Processor

Fireman Fri, 11/17/2017 - 13:22 Permalink

Can I dump my Blipcoin before the virtual tulips die, that is the daily question for those on the blockchain gang who are chugging the FedCon Koolaid of "creating wealth" from electricity.

JPMorgan Fri, 11/17/2017 - 13:38 Permalink

The paper dumpers must have the night off.No doubt they will be sober and back at their keyboards for Monday's opening. Maybe try 8 billion this time... dicks.

macdavy Fri, 11/17/2017 - 13:57 Permalink

the fed have held this below 1300 for along time, and pounded and shorted their way to billions, but the last pounding they could only knock it back 8 dollars, no worries they have the plan,
they need a new rally to bring new victims to their gold trap, they will let this rip to just over 1400 maybe 1450, creating euphoria and bringing in new case load of victims in just as equities are starting to stall, of course they have billions in paper gold all bought below 1250, so they will happily dump contracts profitably all the while holding short positions under 1400, its always a win win for the house