Loading ...Gold and Brexit – Nigam Aurora called it
Seven days before the vote???
Gold May Jump $120 In One Day, Should You Buy?
Tuesday June 14, 2016 14:25
“On June 23rd, Britain will vote on a referendum to remain or leave the European Union (EU). The referendum is known as Brexit. If Britain votes to leave the EU, gold has potential to jump about $120 in one or two days.”
http://www.kitco.com/commentaries/2016-06-14/Gold-May-Jump-120-In-One-Day-Should-You-Buy.html
That was an interesting article and given that the probabilities of LEAVE only got up to 36% I wouldn’t have put much stock in thinking the LEAVE vote would win the day—and the torrential rains in Southern England –where the opinion was heavily on the REMAIN side, provided a Deus Ex Machina “interference” to push the outcome to the LEAVE camp…..
Yes every one in the market place were resigned to the fact for “Remain” vote. Even market was up with long white candle the day prior. I go out of my shorts about one week ago. Bummmer!!
Gold went up about £115 GBP Sterling if you take it from midnight to midnight in the UK on 24/6/2016.
At one point it was up something like £150 to over 1000 GBP.
It retraced but now is over 1000 GBP again today.
History being made.