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 Replies: 3,083 / Views: 102,664 |
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Pillar of the Community
United States
1235 Posts |
Gold broke out today up over $128 ounce and made it over $4500. Silver hit $66.00 Can't wait to see what happens after 2 PM.  |
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Pillar of the Community
United States
1235 Posts |
It's 1:45 PM aaaannnddd I'm out,  Sold the SLV Long for a small gain. Down a little on my GLD spread that I haven't been able to get out of yet. Time to watch what happens next.. cmon Warsh! Send it! Edited by Harry213
Today 3H 57M ago
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Pillar of the Community
United States
1235 Posts |
Sounds like Good news for metal's - "Expectations for a September 'Hold' have risen to 65% at the time of writing, from roughly 50/50 in recent weeks following inflation and labour data." "The combination of easing inflation and softer labour market data has underpinned expectations for the Fed to remain on hold" "Furthermore, the Fed will receive another round of inflation and employment data before the September FOMC" So until then, keep on keeping on  |
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Pillar of the Community
United States
1235 Posts |
And in other News-
"SPDR Gold shares GLD surged 3% Wednesday after the US Treasury unexpectedly doubled the size of it's long dated bond buy backs, sending yields and the Dollar sharply lower.
The move came a day after the 30 year Treasury yield hit it's highest level since 2007"
Thing's seem to be on a roll lately huh.. I don't think we'll be seeing $50-$40 Silver or $3500 Gold this month either.
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Pillar of the Community
 United States
5940 Posts |
Back up to the ~$66 range!
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Pillar of the Community
United States
5873 Posts |
Wider swings with gold and silver than normal, not sure this is good for the economy as the US dollar$ weaken.
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Pillar of the Community
 United States
5221 Posts |
Quote:
"SPDR Gold shares GLD surged 3% Wednesday after the US Treasury unexpectedly doubled the size of it's long dated bond buy backs, sending yields and the Dollar sharply lower. So, the Treasury issues new short-term Bills to buy back long-term Bonds. Wait, isn't there a name for that? Something starting with a "P" I think...  |
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Pillar of the Community
United States
1235 Posts |
Oh for sure, I cannot emphasize it enough, none of what we're seeing is Good. None of the economic Data, reports, forecasts, whatever, not once in my lifetime of 3 or 4 recessions and 1 global financial crisis, not once has any of this been a good sign or an indication that we're heading in the right direction. In the words of AC/DC "we're on the Highway to Hell". And since I have no way off of it all I can do is smile and enjoy the ride. And looking at my screen I see Silver hit $67 this evening.   |
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Replies: 3,083 / Views: 102,664 |
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