Will Gold's Safe-haven Rally Stick As Gold Blows Through $1,300?

Kitco News ^ | August 29, 2017 | Frank Holmes

[Mr Apple]

Gold prices were trading at the highest level in almost a year on Tuesday as investors flocked to the safe haven on heightened tensions between North Korea and Japan. Trading solidly above the key psychological level of $1,300 on the news of a North Korea missile launch over Japan's airspace...

[Mr Apple]

Gold is moving up and pierced through $1,300 early this morning on the Asia Europe market.

[G Larry]

Depends on how NK unfolds.

More uncertainty or threats = higher gold prices.

If it settles down or is temporarily tamped down, gold prices will reside.

[CharlesWayneCT]

I remember how we were all supposed to buy gold in 2012, when it was soaring up to $1600. Or in 2008, when the market was reeling and it broke $1000. And in 1980, when it rose like a rocket to over $2000.

[Mr Apple]

A bit of profit taking this afternoon on N Y exchange, but I’ll wager gold and silver will be up again on 9/30.

[hal ogen]

Take me off your “send to” list.

[Cuttnhorse]

NO!

[TexasGator]

“Gold is moving up and pierced through $1,300 early this morning on the Asia Europe market. “

Down over 25% in five years. Down for the year ...

[Mr Apple]

If worse comes to worse and if Trump does have to resort to bombing or tactical nukes -then it will have been well worth the downward risk to buy some physical gold now. [gold can also be purchased in small lots of 1 gram bars]

[Mr Apple]

Just trying to provide some free valuable information; btw, what is a 'send to' list/lol?

[eyedigress]

I bought gold in 2003 and did quite well.

[Mr Apple]

Down over 25% in five years. Down for the year ...

I've been shorting gold for these past five years. I feel with N K acting up now, it's time to buy physical gold. One can always buy some gold now, set a goal of, say-up $150- then sell. Anyway...again, just free information for my fellow posters.

[Snowybear]

Precious metals are a scam. It’s good to have in a SHTF event but that’s about it.

[puts on flame retardant suit]

[Mr Apple]

NO!

I'll bet you are a stock broker and don't want folks to invest in metals which means less money going into stocks? (lol)

[bkopto]

Gold Blows Through $1,300

It went from $1290, peaked at $1324, a rise of 2.6%, and is back down to $1310. Whoopdedoo.

Why would anyone believe that gold is "blowing" through anything, with those numbers?

Bitcoin is up from $910 in Jan 2017 to over $4600, a 5-bagger. That qualifies as "blowing".

[hal ogen]

Please don’t provide me with any information. Thanks.

[Mr Apple]

I've got to say, I'd swear you are a stock broker because those who buy gold and silver will have that money completely tied up for the long (or short) term. No more transactions from them.
But, you are a funny stock broker though - - rofl.

[editor-surveyor]

.
Gold has been pretty steady in the upper $1200 bracket for a long time.

I can’t see anything coming that would push gold down other than intermittent flinches.

We’re in the 6th seal; things are going to get dicey all over the world.
.

[precisionshootist]

Bitcoin hit $4700 today.

[montag813]

Gold’s move is a joke next to Bitcoin’s. Approaching $5000

[Mr Apple]

Gold and silver are real, the dollar is a failing fait currency, Bitcoin is a Ponzi scheme, the United States are bankrupt. Where do you think gold and silver which are real, not burdened by debt are going?