WTF?
Down to 15.20 overnight. But then what's the deal with this crazy spike?
Attachment 52323
Gold did the same thing. What happened at 10AM?
Attachment 52325
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WTF?
Down to 15.20 overnight. But then what's the deal with this crazy spike?
Attachment 52323
Gold did the same thing. What happened at 10AM?
Attachment 52325
Look back at all the data and it always drops when the USA is asleep. You can buy silver and gold at any time so stay up late and hit the buy now when the time is right.
I predict a upward trend to $39. Based on a composite review of other PM forums. I have considered other factors too, Ebola,politics,WX etc.
I know it drops overnight each day and comes back up in the morning...but today's 10 am spike is out of the ordinary.
Quote:
Originally Posted by hollohas
I emailed this...
https://www.youtube.com/watch?v=EYsNY0LTUVw
Up, up, UP. Up a full $1 since morning low.
Silver just took a big hit...very strange.
Attachment 52521
Zerohedge has a theory...
http://www.zerohedge.com/news/2014-1...d-minutes-leak
Attachment 52523
The end of the G20 meeting and many conflicts resolved caused a dip. Economy of Japan has a recessive forecast. Plus my flu fever just broke...
Japan is a bigger mess than USA or EU. Japan might be our leading indicator so I watch it a little.
USD / JPY is at 117.69 and climbing. People are selling Yen and buying USD. Since oil is much less expensive than it was a month ago and oil is still traded in the petrodollar. I wonder if countries are selling other currencies to buy dollars so they can buy oil on the cheap.
Time to buy gold: http://kingworldnews.com/kingworldne..._%26_Gold.html
Quote:
I think what is actually happening is that the BIS (Bank for International Settlements) has set up a swap arrangement so that should the actual day come where there was a ‘Yes’ outcome, the Swiss will already have a significant amount of metal that they can take in. This is part of the reason why lease rates have gone negative.
So in some ways it’s not surprising that the market was pushed lower. But gold immediately found some serious demand out of the usual suspects in Asia, primarily India and China. And so the market quickly rebounded back up near the $1,200 area. So it’s been difficult for them to hold the market down, and obviously with the lease rates going negative, that’s put a bid into the market.
But should a ‘No’ vote result, it’s quite possible that we will get another chance to buy this market at lower prices. However, as I said, the sentiment is so awful and everyone keeps projecting lower and lower prices, so this is not the time to get cute. Investors need to be completely accumulating if not all, at least 50 percent of any holdings in gold that you want to acquire. As I said at the start, it’s the only asset class in the world where the risk of a 10 percent loss is probably all you can see, and at the same time the upside is staggering.”