Gold Breakout

[BuggedOut]

Just broke through $1200 USD after a few days of consolidation.

This could be big!

 

[SpacePete]

Just broke through $1200 USD after a few days of consolidation.

This could be big!

AUD going up at the same time. This is interesting!

 

[House]

Breakout until the breakdown. Same old, same old
http://forums.silverstackers.com/message-416239.html#p416239

 

[willrocks]

I'm cautiously optimistic until the breakout is held for a while.

 

[Silverthorn]

I find the timing interesting. It has been going up during the US markets time.

 

[BuggedOut]

I find the timing interesting. It has been going during the US markets time.

Yes, I found that interesting too. Doubly so since the Chinese are supposed to be on holidays. Maybe it's the Japs...

 

[BuggedOut]

Helloooo London.

Time for another leg up!!

 

[silver kook]

Vertical rises just like the good old days!

 

[willrocks]

What's going on. I haven't seen this since 2011!

 

[JulieW]

deja vu

 

[BuggedOut]

Teehee. At least the London traders know what a breakout looks like!

 

[BlackSheep]

Only $40 off all time aud high now :O

 

[boneyard]

 

[scrooged]

deja vu

dj vudoo

 

[wrcmad]

What's going on. I haven't seen this since 2011!

Obviously a smackup.

 

[wrcmad]

Breakout until the breakdown. Same old, same old
http://forums.silverstackers.com/message-416239.html#p416239

You forgot - gold doesn't breakout.
A breakout would involve analysing charts, and everyone knows that charts are mere pure hocus-pocus rubbish.

 

[Mintaka]

Watching the price action. SPI futures negative. Just a minute. SPI -58

 

[Shippeevt]

If it hits 1800 would sell most of my gold and say that was fun and wait till the next crash...

 

[Shippeevt]

This is prob a dumb question... But why is gold or silver more in aud even when doing a currency conversion from USD?

 

[wrcmad]

This is prob a dumb question... But why is gold or silver more in aud even when doing a currency conversion from USD?

It's not.
It just depends which end of the spread you use for calcs.