See how NFP numbers go, hopefully no smackdown, but wouldn't hold my breath. Decent resistance levels coming up around 1920, 1950, so will take time to digest latest move but rally still intact, just need to avoid taper talk.
Monday the 31st of May was Memorial day 2021 in the US. So their trading desks were not at work that day. Time where the price tanked on graph above was 9 to 10 am New York Time on the 1st of June 2021.
in the old days we reformat the HDD now they can use the forget pills the prices just got lazzzyy, a cat hypnosis
Just watching the gold price run up USD10.00 in last 45 mins......now I await the US market to open in 15 mins and smash it back down.
Trade what you see. On a lighter note gold long-term chart is stunning for the uptic. Silvers equivalent chart is a no brainer
The gold $1860 support level seems to be holding for now after a brief dip below that level earlier today, also the slide in the Aussie $ is limiting the collateral damage for stackers downunder.
looks like s will sold out, the moment before the big drop once you see the drop, and after... dang premium not leaving sold out/ price did not change
Still, it does not hurt to have some dry powder on hand to snap up any unexpected bargains should some pop-up in the future.
The median AISC for majors is around US$923, so I wouldn't imagine many, sorry any profitable miners at $USD 800. Paper on the other hand, can goto zero if the derivative market markers want it to, wouldn't imagine anyone gonna sell physical for that price though. PS. I did wake up this morning after watching spot/FED talk, thinking .....m**f**ers...