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$1944 New High For Gold
#1
Wink  A vote of no confidence if ever there was one.

https://www.cnn.com/2020/07/27/investing...index.html



Gold price hits record high on new fears for the economy

By Hanna Ziady, CNN Business

Updated 9:02 AM ET, Mon July 27, 2020

"London (CNN Business)Gold prices have soared to a record high, with investors rushing to find safe places to park their money as concerns grow about a resurgence in the coronavirus and the impact that could have on the global economy.


Gold hit $1,944 per ounce earlier on Monday, beating its previous record of $1,921 set in 2011. It has now gained about 27% so far this year. Silver also got a boost, climbing more than 6% to reach $24.21 an ounce, eclipsing Thursday's seven-year high.

"Gold is the clear beneficiary of safe haven demand," Stephen Innes, chief global markets strategist at AxiCorp, said in a research note. And the record run may not be over yet. Analysts at UBS expect gold to reach $2,000 before the end of the year, driven higher by low US interest rates, a weaker dollar and tension between the United States and China. ...."
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#2
(07-27-2020, 07:13 PM)aqua Wrote: Wink  A vote of no confidence if ever there was one.

https://www.cnn.com/2020/07/27/investing...index.html



Gold price hits record high on new fears for the economy

By Hanna Ziady, CNN Business

Updated 9:02 AM ET, Mon July 27, 2020

"London (CNN Business)Gold prices have soared to a record high, with investors rushing to find safe places to park their money as concerns grow about a resurgence in the coronavirus and the impact that could have on the global economy.


Gold hit $1,944 per ounce earlier on Monday, beating its previous record of $1,921 set in 2011. It has now gained about 27% so far this year. Silver also got a boost, climbing more than 6% to reach $24.21 an ounce, eclipsing Thursday's seven-year high.

"Gold is the clear beneficiary of safe haven demand," Stephen Innes, chief global markets strategist at AxiCorp, said in a research note. And the record run may not be over yet. Analysts at UBS expect gold to reach $2,000 before the end of the year, driven higher by low US interest rates, a weaker dollar and tension between the United States and China. ...."
Bottom line : printing too much money by central banks around world... And now is paying back time... 
And it's just the beginning for Gold bull's run...
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#3
Just wish there was ba fricken dip so I could put more in. Having a bad case of FOMO.
Monty Python: “There are a great many people in the country today, who through no fault of their own, are sane.”
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#4
(07-27-2020, 07:13 PM)aqua Wrote: Wink  A vote of no confidence if ever there was one.

I take it as a given that the your sentiment was the same the last time a peak was seen in the price. You know, in 2011 during Obama's administration?

Your partisanship is showing.
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#5
(07-29-2020, 12:29 PM)brunt Wrote:
(07-27-2020, 07:13 PM)aqua Wrote: Wink  A vote of no confidence if ever there was one.

I take it as a given that the your sentiment was the same the last time a peak was seen in the price. You know, in 2011 during Obama's administration?

Your partisanship is showing.

Rolleyes Rolleyes Rolleyes  Your own bias is showing.

You assume it is a vote of no confidence in the President, and not the banks/capitalist system/or the economy in general.
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#6
(07-29-2020, 12:48 PM)aqua Wrote:
(07-29-2020, 12:29 PM)brunt Wrote:
(07-27-2020, 07:13 PM)aqua Wrote: Wink  A vote of no confidence if ever there was one.

I take it as a given that the your sentiment was the same the last time a peak was seen in the price. You know, in 2011 during Obama's administration?

Your partisanship is showing.

Rolleyes Rolleyes Rolleyes  Your own bias is showing.

You assume it is a vote of no confidence in the President, and not the banks/capitalist system/or the economy in general.

Of course we assume that!! That's all you ever post!! A constant barge of stupid trump cartoons in every thread! You have one of the worst cases of TDS I have ever seen.
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#7
(07-29-2020, 03:22 PM)StingingNettle Wrote:
(07-29-2020, 12:48 PM)aqua Wrote:
(07-29-2020, 12:29 PM)brunt Wrote:
(07-27-2020, 07:13 PM)aqua Wrote: Wink  A vote of no confidence if ever there was one.

I take it as a given that the your sentiment was the same the last time a peak was seen in the price. You know, in 2011 during Obama's administration?

Your partisanship is showing.

Rolleyes Rolleyes Rolleyes  Your own bias is showing.

You assume it is a vote of no confidence in the President, and not the banks/capitalist system/or the economy in general.

Of course we assume that!!  That's all you ever post!! A constant barge of stupid trump cartoons in every thread!  You have one of the worst cases of TDS I have ever seen.

How many 'toons did I have in this thread ? ? Cool
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#8
When I checked on Kitco yesterday, the gold price happened to be $1971 ...

... bit of a telling note to it ...
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#9
(08-01-2020, 04:22 PM)Finster Wrote: When I checked on Kitco yesterday, the gold price happened to be $1971 ...

... bit of a telling note to it ...

I have a bit of an uncanny desire to get up and close the window for some reason. Odd...
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#10
(08-01-2020, 04:22 PM)Finster Wrote: When I checked on Kitco yesterday, the gold price happened to be $1971 ...

... bit of a telling note to it ...

Pushed thru $2,000 yesterday while I slept. Smile
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