Midnight to 6am - Overnight Spot Watchers Spot...

[PMCollector]

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.

 

[alor]

food poisoning

 

[jultorsk]

Here we go again...

 

[Millennial Engineer]

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.

 

[alor]

in the old days we reformat the HDD
now they can use the forget pills
the prices just got lazzzyy, a cat hypnosis

 

[Oddjob]

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.

 

[Silver Soul]

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

 

[Oddjob]

Trade what you see.
On a lighter note gold long-term chart is stunning for the uptic. Silvers equivalent chart is a no brainer

Agreed. Finally held above the lower highs trend line after breaking through in mid May.

 

[alor]

may be our ONE last drop before August 2021

 

[Oddjob]

^^^^^^^^
Loved that sub USD1,800 dip earlier this year.

 

[heartastack]

Yep and everyone has diamond hands again

 

[alor]

looks like its going to break down again waiting....

 

[PMCollector]

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.

There it is, better than expected positive labour data...hopefully can hold 1860.

 

[alor]

broken lol

 

[hardyakkagold]

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.

 

[alor]

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

 

[alor]

its been 2 weeks, 2 hours ago it drop

 

[hardyakkagold]

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.

 

[PMCollector]

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...

 

[PMCollector]

It can wear you out yeh but its my livelihood so I gotta...