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Gold futures hit >$2600

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Gold futures hit >$2600

Postby 68Camaro » Tue Aug 13, 2024 8:26 am

Futures isn't a "real" price, I know, so this doesn't satisfy a 25 handle in my book, but it's notable.

Edit 13 Sep: Futures close at 2610.
Last edited by 68Camaro on Fri Sep 13, 2024 10:01 pm, edited 1 time in total.
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Re: Gold futures hit >$2500

Postby shinnosuke » Tue Aug 13, 2024 10:58 am

Will it be a real price in the future? Why doesn't inflation of the money supply not apply to gold? One of life's simple little mysteries.
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Re: Gold futures hit >$2500

Postby 68Camaro » Tue Aug 13, 2024 4:34 pm

shinnosuke wrote:Will it be a real price in the future? Why doesn't inflation of the money supply not apply to gold? One of life's simple little mysteries.


I dunno. A lot of things that should compute don't anymore and my only explanation is that the system is broken and or rigged. There is still a moderate correlation between the USD and the price of gold - that's the only thing that seems to hold up, and I'm not sure that will hold forever.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Gold futures hit >$2500

Postby pennypicker » Fri Aug 16, 2024 2:18 pm

I have a friend who has been in the silver business since 1979 and when we were discussing the current silver market he told me technical charts and silver's history don't really mean anything anymore as we are in uncharted waters and it is more unpredictable than he's ever seen it.
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Re: Gold futures hit >$2500

Postby 68Camaro » Sat Aug 17, 2024 8:02 am

Well spot closed over $2500 yesterday, so that earlier futures price (though it dropped first, then came back) ended up being confirmed.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Gold futures hit >$2500

Postby Morsecode » Sun Aug 18, 2024 8:52 am

My guy has a display case full of silver bars, eagles and maples (though no 90% oddly), but he can't keep gold in the store. Which is sorta the opposite of last winter.
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Re: Gold futures hit >$2500

Postby shinnosuke » Sun Aug 18, 2024 5:03 pm

Asian markets have opened and gold is up...just a little.
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Re: Gold futures hit >$2500

Postby thecrazyone » Sun Aug 18, 2024 5:37 pm

Wow, yet another all time high!!
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Re: Gold futures hit >$2500

Postby thecrazyone » Tue Aug 20, 2024 9:20 am

$2537.60 today
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Re: Gold futures hit >$2500

Postby thecrazyone » Fri Sep 13, 2024 12:11 pm

$2585.25 today!
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Re: Gold futures hit >$2600

Postby 68Camaro » Fri Sep 13, 2024 10:02 pm

Futures closed at $2610 so I edited the title
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Gold futures hit >$2600

Postby thecrazyone » Sat Sep 14, 2024 12:23 am

Wow!
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