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Gold price nearing $2,100 as bulls keep foot on the gas Jim Wyckoff Jim Wyckoff
Kitco News ^ | Thursday August 06, 2020 | Jim Wyckoff

Posted on 08/06/2020 7:11:22 AM PDT by Presbyterian Reporter

(Kitco News) - Gold prices are again sharply higher and hit a record high of $2,064.90, basis October Comex futures, in early U.S. trading Thursday. Silver prices are also sharply higher and hit a more-than-seven-year high of $28.54, basis September Comex futures. October gold futures were last up $25.00 an ounce at $2,062.10. September Comex silver prices were last up $1.45 at $28.34 an ounce.

Importantly, while there are no early chart clues to suggest the gold and silver markets are close to major tops, both are now getting short-term overbought, technically, and are due for downside corrections in the uptrends. And remember that with the higher volatility and bigger daily price gains seen at present, there will also be bigger downside corrections when they come.

(Excerpt) Read more at kitco.com ...


TOPICS: News/Current Events
KEYWORDS: bubble; gold; goldbug; goldbugs; goldprice; maryhartman; maryhartmann
Gold up $30.00

Silver up $1.40

1 posted on 08/06/2020 7:11:22 AM PDT by Presbyterian Reporter
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To: Presbyterian Reporter

I had plenty of gold and silver until that boating accident on L. Superior. A skilled diver w/ enough equipment might find it profitable to look it up.


2 posted on 08/06/2020 7:14:32 AM PDT by Migraine ( Liberalism is great (until it happens to YOU).)
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To: Presbyterian Reporter

In retrospect silver would have been a great buy at $11.04 on March 19, 2020


3 posted on 08/06/2020 7:17:13 AM PDT by Presbyterian Reporter
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To: Presbyterian Reporter

I “dollar cost average” my physical gold purchases. The “portfolio” looks strong today.


4 posted on 08/06/2020 7:24:27 AM PDT by BlueStateRightist (Government is best which governs least.)
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To: Presbyterian Reporter

You have better 20-20 hindsight than I do.


5 posted on 08/06/2020 7:25:13 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Presbyterian Reporter

I bought 1000 troy ounces of Silver @ $12/0z and 30 ounces of Gold @ $1150/oz some 12 years ago with little appreciation in that time.

Nice to finally see my investment paying off although my primary reason for buying a hard asset was just in case the country went belly up.


6 posted on 08/06/2020 7:36:38 AM PDT by traderrob6
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To: Presbyterian Reporter

Many of us were saying, in April, that the response to the virus will give us a gold and silver rally. It’s not that they are suddenly worth more. It’s that the dollars they are measured in are worth less.


7 posted on 08/06/2020 7:36:42 AM PDT by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: Presbyterian Reporter
"Jim Wyckoff Jim Wyckoff"

Mary Hartman Mary Hartman


8 posted on 08/06/2020 7:38:17 AM PDT by Larry Lucido
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To: Larry Lucido
😂
9 posted on 08/06/2020 7:39:21 AM PDT by Jane Long (Praise God, from whom ALL blessings flow.)
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To: Presbyterian Reporter

Silver is really on a tear.


10 posted on 08/06/2020 7:42:46 AM PDT by PGR88
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To: traderrob6

“””Nice to finally see my investment paying off although my primary reason for buying a hard asset was just in case the country went belly up.”””


My strategy as well. Who knows when or if the dollar suffers a major decline in value.

We have seen in places like Japan where the yen dropped from 130 to 80.


11 posted on 08/06/2020 7:45:16 AM PDT by Presbyterian Reporter
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To: Larry Lucido
Mary Hartman Mary Hartman

One of my first memories as a child was my brothers and sisters running around saying “Mary Hartman, Mary Hartman” and laughing. I knew it was a TV show, but that’s about it. Was it any good?

12 posted on 08/06/2020 7:46:02 AM PDT by PGR88
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To: Presbyterian Reporter

My Dad gave my daughter a 1904 gold coin and 6 silver coins. We have no idea how much they are worth. How do I find a reputable coin appraiser in the Dallas area. We just want to know how much they are worth. Not looking to sell.


13 posted on 08/06/2020 7:47:26 AM PDT by DFG
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To: PGR88

“Mary Hartman Mary Hartman”

The mother of “Fernwood Tonight”.

A show I found hilarious.


14 posted on 08/06/2020 7:52:29 AM PDT by traderrob6
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To: Presbyterian Reporter

The price of the dollar is down in relation to gold. The same amount of gold gets you fewer dollars.


15 posted on 08/06/2020 7:53:36 AM PDT by I want the USA back (There absolutely MUST be a debate Trump vs Creepy-touchy-feely Joe!)
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To: traderrob6
"I bought 1000 troy ounces of Silver @ $12/0z and 30 ounces of Gold @ $1150/oz some 12 years ago with little appreciation in that time."

I did pretty much the same thing at the same time. I also bought quite a bit of junk silver too. It's all for doomsday not for making a profit.

16 posted on 08/06/2020 7:54:45 AM PDT by blam
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To: traderrob6

Carol Burnett’s parody of MHMH was so funny I had to watch the actual show to compare the two.

But Martin Mull stole the show as Barth Gimble on “Fernwood 2-Nite”.


17 posted on 08/06/2020 7:59:46 AM PDT by elcid1970 ("Pres. Trump doesn't wear glasses. That's because he's got 2020.")
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To: Presbyterian Reporter

I thought it was all due to COVID, so will gold collapse once we are past COVID comfortably?


18 posted on 08/06/2020 12:07:35 PM PDT by Sam Gamgee
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To: DFG

If you don’t mind taking the time to register and post pics here:

https://www.cointalk.com/forums/whats-it-worth/

Lots of nice people who will help you out.

The nice thing about the fact that your Dad did that and that you are looking for the value is that it might inspire your daughter to collect. Help her out all you can. It’s a great investment and legacy. Ms. Southpark’s grandfather was a farmer and lived modestly. Collected coins all his life. When he passed in 2014 the collection was split between 3 grand children. The value was approximately 50K for each of them.

I’m in PA so don’t know any dealers in the Dallas area but if you need help feel free to PM me.


19 posted on 08/07/2020 10:52:33 AM PDT by SouthParkRepublican
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