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Was todays spike an early hedge to liar liar pants on fire fed Powell speak?

AgAuGal

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If so it turned fast. Any other ideas on the brief spike up? For those that do technicals how is the quick spike and reversal explained?
 

the_shootist

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If so it turned fast. Any other ideas on the brief spike up? For those that do technicals how is the quick spike and reversal explained?
Great question, I was thinking the same thing and still do with the large sways we're seeing today
 

Buck

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musta been that switch they have located under the desk

idk, i can't figure out financier speak, it all sounds like gibberish to me
 

the_shootist

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SO, did he speak yet? Did he say anything of any import?
 

ZZZZZ

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Doesn't matter if "the big news" is bullish or bearish for gold and silver, TPTB will use the news, any news, as an excuse to stomp on the metals.

But the jig is up, Jeeves. Since March, it hasn't worked for very long. The buyers come right back in and then the rally resumes.

Just my 07 cents (02 cents after taxes and inflation).
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the_shootist

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Doesn't matter if "the big news" is bullish or bearish for gold and silver, TPTB will use the news, any news, as an excuse to stomp on the metals.

But the jig is up, Jeeves. Since March, it hasn't worked for very long. The buyers come right back in and then the rally resumes.

Just my 07 cents (02 cents after taxes and inflation).
.
.
Your guess is as good as mine
 

Lancers32

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I don't think you'll get any deals on physical metals but I have a sneaking suspicion you will get some mining shares on sale pretty soon.
 

AurumAg

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Anyone visit APMEX lately?

Unless you are paying cash, you will be hard-pressed to find any coins, especially fractional gold, for anything less than $2000 FRN/toz, assuming it is not OUT OF STOCK.

When you lock-in the price on a reputable .9999 Gold round and have to wait 6-8 weeks:

You are betting on the miners, the refiners, and the supply chain.