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Gold drops below $1300
#1
Smile  Finally.


Silver: $16.21 [Image: down.gif] -0.24

Gold: $1297.20 [Image: down.gif] -14.20


http://www.coinflation.com/

Gold Sharply Down, at 5-Mo. Low, Prices Drop Below $1,30
Jim Wyckoff [/url]  Tuesday May 15, 2018 08:45

Kitco News


([url=http://www.kitco.com/]Kitco News
) - Gold prices are sharply lower and fell to a nearly five-month low in early U.S. trading Tuesday. Importantly, the yellow metal has fallen below major technical support at $1,300.00. The drop below that key level set off a large number of pre-placed sell stop orders in the futures market, to drive prices still lower. The U.S. dollar index has resumed its trek north today, which is, and has been, a significantly bearish force working against the precious metals bulls. June Comex gold futures were last down $21.20 an ounce at $1,296.60. July Comex silver was last down $0.37 at $16.275 an ounce.

The gold and silver markets saw increased selling pressure in reaction to the U.S. retail sales report for April, which came in at up 0.3%, which was in line with market expectations. The Empire State manufacturing report also came in solid. Analysts deemed the reports as showing a healthy U.S. economy that won’t deter the Federal Reserve from continuing to raise interest rates.

World stock markets were mostly lower overnight. U.S. stock indexes are pointed toward lower openings when the New York day session begins, and are trading near their daily lows after the solid U.S. economic data was released.

The benchmark 10-year U.S. Treasury note sees its yield back above 3.0% today......



http://www.kitco.com/news/2018-05-15/Gol...1-300.html
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#2
Yeah, Saw that. Five month low huh? Gold bulls wrong again.
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#3
(05-15-2018, 04:07 PM)doubletroublejim Wrote: Yeah, Saw that. Five month low huh? Gold bulls wrong again.

Looks like the close was even lower.

[url=http://www.coinflation.com/countries.html][/url]

Silver: $16.22 [Image: up.gif] 0.02 

Gold: $1291.80 [Image: up.gif] 3.50

http://www.coinflation.com/
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#4
Looks like it is still dropping this morning. Smile Smile Smile 

Silver: $16.23 [Image: up.gif] 0.03

Gold: $1287.70 [Image: down.gif] -0.60


http://www.coinflation.com/
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#5
Jeez, It keeps going down, I might even buy some.
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#6
Down again this morning.

What was the low end price Da Bear was expecting ?  Something like $750 if my memory is correct.  Of course, there is no accurate prediction of when it would hit $750.




 [url=http://www.coinflation.com/countries.html][/url]
Silver: $16.35 [Image: up.gif] 0.03

  Gold: $1286.40 [Image: down.gif] -2.40

http://www.coinflation.com/
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#7
Meanwhile my dull old shares have been burbling along at 5-6% (with full tax imputation) for years since I sold out.

Compounding away....
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#8
(05-18-2018, 05:46 AM)andrew_o Wrote: Meanwhile my dull old shares have been burbling along at 5-6% (with full tax imputation) for years since I sold out.

Compounding away....

I have a 'toon for that too, Andy old boy. Rolleyes 

[Image: financial+management.gif]

I have nothing against compound interest.

[Image: supp-bc.gif]

But the cost of insurance is down a bit today. Smile 

Smile 

Smile 

Silver: $16.31 [Image: down.gif] -0.06

  Gold: $1284.10 [Image: down.gif] -4.70

http://www.coinflation.com/
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#9
Today it is back above $1300 Confused 

The reason most often being cited is Trump backing out of the summit with North Korea.

Silver: $16.58 [Image: up.gif] 0.18 

Gold: $1304.60 [Image: up.gif] 12.10

http://www.coinflation.com/

[Image: Dd4xL2WUwAEKerc.jpg]
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#10
Actually I got hammered a bit this week. One of my better shares tanked :-(
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