Gold Futures Surge $34 To Record High At $2,527, But Look At This… – Russia News Now
Today gold futures have surged $34 to a new record high at $2,527, but look at this…
Within hours the remarkable audio interview with Egon von Greyerz will be released! Until then…
August 16 – Alasdair Macleod: Despite trying everything to shake out the bulls, establishment traders on the short tack have failed. And as the canary in the mine, silver catches a bid…
This week, gold continued to consolidate close to its all-time highs, while silver began to recover out of its recent downtrend. In European trade this morning, gold was $1642, up $31 from last Friday’s close, while silver at $28.25 was up 75 cents. Elliott wave fans will note silver’s classic A-B-C correction from late May, signalling the start of a new bullish leg potentially taking it to $40+.
Our focus must be gold. Every day this week, gold has been firm-to-better during or in the wake of Asian trading, only to decline during Comex hours. The declines were particularly sharp on Wednesday and Thursday in the wake of statistical releases. Anyone looking at the statistics concerned objectively would dismiss them as meaningless, except for the bullion bank traders desperately trying to close their shorts…
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