Gold hit USD $2,070 today

[pmbug]

Powell indicated that rate cuts were not on the horizon, but the Fed was done hiking rates. Markets went green. Gold broke through $2,050 resistance.

 

[STKR]

I remember when we hit the last ATH in Gold and it was just crickets everywhere Barely a peep from anyone on social media or the forums. At what point does the fizz and excitement come back?

 

[ozcopper]

Yes the excitement has gone. It will only come back once we keep making new highs month after month and silver also need to break and hold $US50.

 

[Silver Soul]

Smart investors knew of the impending breakout it was only a matter of time. Will we see a thump down absolutely! As the money pigs try to keep their fiat mechanism turning. They will fail eventually.

 

[pmbug]

I suspect part of the issue with (lack of) fizz and excitement is that people (in general - not specifically Silveroos) are overwhelmed with problems of the last few years - inflation, supply chain shocks, possibly underwater on PM investments, domestic politics, wars globally, etc.

It's hard to get too excited about rising PMs when you see it in context of the world on fire or perhaps are not in a good position to take advantage of it.

 

[alor]

25-103% premium for Ag coins
9.5-35% for Ag bars
it is looking like, all the time of cheap premiums are all gone with the wind

 

[Silver Soul]

Gold is in breakout mode. Where it's goes from here nobody knows. And that's for sure.

 

[Silver Soul]

1h candles are bullish. Long

 

[pmbug]

Gold is in breakout mode. Where it's goes from here nobody knows. And that's for sure.