Check the Kitco chart. The goldprice.org one we're looking at new seems to start about 15 minutes later than the Kitco chart so you don't see the big drop from AUD$31.7something to sub AUD$30 that came just before the current upward spike.
Yep. It gapped down. My .02: it'll fill gap back up to 31ish, drop back, sideways til Tue/Wed then another drop to 27ish by week close. Gap down again to open next week and then either: repeat of this movement to put it around 23-24 before steady recovery or: recovery starting from gap up. Not buying just yet. Need to sell kidney first.
A very interesting perspective: http://www.marketoracle.co.uk/Article30622.html sorry Au link, but it supports perspectives on silver as well I think
If we are going to return to the long term chart support lines.... Gold low $1500 range Silver $23ish hmmm....
Not sure Gold will fall below, 1620, bit I could see Silver dip that far. What we're seeing at the moment is the same thing we saw Friday; Gold rising and Ag sitting still or even falling. I don't pretend to know why, maybe some institutional Au buying?
hmmm Futures live prices.... Time 0857hrs 0951hrs 1003hrs 1046hrs Now ..... This Afternoon Australia 200 +28.6 +49 +53 +19 +3 ..... Wall Street +104 +111 +127 +58 +34 ..... This afternoon there might be big shocks and quakes in both equity markets and precious metals...
Man, Ag keeps flirting with breaking 30 like an old trucker with a toothless waitress at the Waffle House
Finally...says the trucker. I expect by the time NY opens, London will have taken a couple bucks off, maybe to 27, then who knows where we are by Monday close.
