Gold just penetrated $1434 overnight.
Gold just penetrated the $1434.00 print that has been on stockcharts.com as the 2013 bear market rally high. It’s 5am UK time. I’m surprised that there was hardly an hour’s pause, just a tiny pullback just under $1430.
I just re-loaded the Kitco page. The nightly spot gold high has jumped again, from $1435 to $1437, onwards and upwards, up $16.30 or +1.15% already as the dawn chorus is singing outside here in Blighty.
The spot quote is now $1435.90 / $1436.90 +16.70 +1.18%.
The Bitcoin quote on Kitco meanwhile is:
$11667.0 +98.0 +0.89%
It’s amusing to note that gold has risen faster than Bitcoin tonight.
Or maybe it is terrifying.
I could add that gold is stamping all over silver.
Silver 15.46 +0.06, that’s +<0.4%.
Gold:silver leverage is over 3:1. So right now, gold is silver on steroids.
Good Morning Dave !
🙂
Is it midnight just where you are? The goldtadise timestamp said I first posted this at 00:01. First post of the day!
I need to go to bed. This is a late night early morning, not an early bird early morning!
Well, Dave – blink of an eye and we printed $1440 before dropping back to $1439. This thing appears to be merciless to the upside.
I saw that tiny pullback at $1430 and was “hoping” for a correction. Not to be, apparently. The night is young, and the heart sings away…