While Gold Is Clearly A Marathoner His Sprinting Skills Are Excellent
Posted by Chartsmaster @ 7:45 am on March 17, 2023 “A sprint to $2000 gold today, would not shock me.”
Posted by Chartsmaster @ 7:45 am on March 17, 2023 “A sprint to $2000 gold today, would not shock me.”
Would shock me CM
Lets Go Gold
Good call …
Don’t think Powell & Yellen want to see it there on a Friday afternoon when they are trying to stabize the banking situation. Plung Protection Team will be pulling out all the stops to suppress if they can?
Today somehow reminds me of the day when crude oil futures plunged to zero or negative during the Covid onslaught.
Did gasoline become free?
Never before in life have nominal numbers mattered less, and ratios mattered more.
S&P low of the day 3909.86
Let’s see if gold closes above the 0.5x of the S&P low today … 1954.93
And, I don’t see anybody selling the rip in the PM juniors … at least I’m not selling yet.
Cheers,
GL
3905.65 the new low.
1963.36 the high print of the day so far.
GL
Now @ $1,989 (up $66) — well within shooting distance of your $2K target with lots of time remaining!