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Posted on 12/01/2014 10:59:53 AM PST by blam
Myles Udland
December 1, 2014
Gold is exploding higher.
In afternoon trade on Monday, gold futures were up better than 3.5% in the last 24 hours to around $1,215 an ounce, moving back above $1,200 for the first time in more than a week.
The spike in gold reverses a plunge in gold late last week that was continued on Sunday night as the futures market re-opened after voters in Switzerland rejected a measure that would have required the Swiss National Bank to increase its gold holdings from 8% to 20%.
Oil, which also got crushed last week, is also rallying on Monday.
(snip)
(Excerpt) Read more at businessinsider.com ...
Ahhh, so Gold was stomped down before the Swiss vote so as to dissuade them from votting for a gold standard.
Exploding?
I do not thin’ that means what you thin’ it means.
"I do not thin’ that means what you thin’ it means. "
It accomplished its intended purpose...get your attention.
General trend will be down.
Black gold is more useful than Au, and the world economic system depends more on the former than on the latter.
And the supply of petro is increasing.
Not only that, but energy is a significant piece of Au production cost.
I don't understand why the Swiss would vote down a 20% gold reserve when given the opportunity to vote. Do you really think the global banking puppetmasters have enough control to determine the cost of gold?
Buy before it goes down again!
The price of gold probably can't be manipulated forever, but it can surely be moved temporarily through the use of futures and options.
One day it is imploding and it’s all over for gold and the next it is exploding and a gold orgy starts
lol
I thought it was going to be $2,000 before the end of the year! or so said the radio ads.
Gold goes up and gold goes down. Attaching meaning to the swings is foolhardy.
LOL
While speculators can make a short-term profit on gold, they can also loses their assets on it.
Longer term, thr value of gold is close to the cost to bring it to market plus an acceptable gross profit.
Wait till silver breaks ...its historical position is 15x1 to gold.
Eventually the global manipulation of metal will end...
Every crisis the price falls....Thats how much control...is avail.
Goldbug ping.
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