Gold spot surpasses > $3120

[thecrazyone]

Lol blame Apmex

[thecrazyone]

I see it got to $2972

[thecrazyone]

Gold Hits Record High On Trump's Latest Tariff Threats - Barron's
https://www.barrons.com/news/gold-hits- ... s-6a522c62

[Cu Penny Hoarder]

Gold Hits Record High On Trump's Latest Tariff Threats - Barron's
https://www.barrons.com/news/gold-hits- ... s-6a522c62

The most encouraging thing is stock market is tanking, but gold and silver are not. That's a good sign.

[68Camaro]

Yeah, silver is lagging - trying to get to $34, but gold is right at $3000, and climbing. New record high again for gold.

[thecrazyone]

BOOM!

[Doctor Steuss]

It's so weird seeing gold at $3,000, while silver hanging out at the same price it was back when gold was at $1,700.

[68Camaro]

Re the Apmex spot chart, you will note they emphasize the asking price (which is higher). Kitco plots the offer price as Spot, as that is what someone actually paid.

[thecrazyone]

Ah, interesting

[hobo finds]

Broke 3K

[thecrazyone]

https://www.cbsnews.com/news/golds-pric ... er%20ounce.

[68Camaro]

Gold spot did break $3k but it was a moment in time. It's back just below 3k, so let's see if it can climb back above and stay there.

At this point I'm much more interested in seeing silver get it's next big run. I'm fine with gold sitting in the 3000-3100 range for a time. (Though if it moved toward $4000 I wouldn't be sad.)

[thecrazyone]

4 may take a bit but who knows anymore!

[Cu Penny Hoarder]

It's so weird seeing gold at $3,000, while silver hanging out at the same price it was back when gold was at $1,700.

It's pathetic I know. Absurdly undervalued. The price has been manipulated for decades... gold too, but gold is a bit harder to keep down. Gold is still cheap relative to all the dollars that have been created.

Silver is a big part of my retirement plan. I'll have to start cashing at some point. Hopefully it's close to $100oz by then.

[68Camaro]

Spot over $3000 now after close and reopen.

[pmbug]

Buying activity jumped 20% in China last night. Gold has breached the $3,000 call wall. It should be a quick rise to $3,500 from here as I understand it.

[thecrazyone]

Wow

[68Camaro]

Now where the f is silver? Come on Ag!

[68Camaro]

And gold futures go over $3100. There is now an active battle in the early stages for control of the silver market, with a coordinated attempt to organize a silver short squeeze on Monday the 31st. Should be fun to watch.

[68Camaro]

A scheduled Friday shorts takedown of silver. Especially the SLV and PSLV, in the same pattern described in the zerohedge article (thread by Idahocopper). While gold continued to rise to a new record high, silver was knocked back from about 34.5 to about 33.9, and recovered partially by end of day to almost 34.1. So the takedown was somewhat successful, but with resistance. PSLV was near 11.8 and was kicked back to 11.5 before recovering almost back 11.61 to the previous close of 11.68. What will Monday bring? Should be interesting...

[thecrazyone]

Bid is $3084 as of this AM, wow. I'm both amazed and terrified at the same time.

[68Camaro]

Spot is now over $3120. Will it hang on or climb?

[thecrazyone]

It will keep going imo

[68Camaro]

Contracts from Oct on out (Nov Dec 2025) are over $3200.

[Lemon Thrower]

There are rumors that JPM has lost control of the LBMA/Comex.