Author Topic: Gold Just Broke $1300USD in Asian Trading  (Read 14555 times)

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Offline Mirkkanen

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Gold Just Broke $1300USD in Asian Trading
« on: June 16, 2016, 01:24:22 AM »
After many weeks of consolidation, gold has pushed through $1300 resistance in Asian trading! I imagine it will get hammered back down when the western markets open, but who knows?

How will this affect the overall gold panda market? Currently, only select segments are hot. Will that be changing soon, or not? Post your thoughts!

Offline silverpv

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #1 on: June 16, 2016, 03:18:08 AM »
Too soon to tell. US markets priced in no rate change already. Big player is Brexit. Dollar could become very strong if people flee the Euro or PM's. Not sure if collectibles will be as good as bullion in the current market. I paused with pandas for the last month or so and picking up lower premium bullion. I was panda heavy so a little diversity didn't hurt.

Offline Wafdawg

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #2 on: June 16, 2016, 11:48:15 AM »
Yes probably doesn't impact the panda market too much as we already have run up and are not as price sensitive to the spot price.  The real winners are Bitcoin and Ethereum.  I don't have any Ethereum but Bitcoin is moving up the way i wish gold would. However, Gold to $1400 quickly on BREXIT as per Jim Rickards. Silver to break $20.

Offline silverpv

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #3 on: June 16, 2016, 02:09:56 PM »
Seriously, Bitcoin is having the impact I thought Gold would have. It's up almost 4x since August 2015. It's been on par with the 2003 1/2!

Offline Wafdawg

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #4 on: June 16, 2016, 03:19:33 PM »
It's up an additional $30 since you posted that! Lol. $770!

Offline NBM

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Offline Mirkkanen

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #6 on: June 23, 2016, 11:37:12 PM »
Brexit: the struggle is real!

And gold is up $56USD as a result. Also, global markets currently in chaos . . .

Nothing decided yet. More than 50% or precincts have reported thougg. Still very, very close!

Offline comeaux

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #7 on: June 23, 2016, 11:48:22 PM »
Gold up $86 at the moment !  :001_smile:

Offline Mak007

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #8 on: June 23, 2016, 11:54:17 PM »
Gold cracks $100.00 - Pound is crashing - oil down - Dow down 600 - out vote wins

Offline KeepOnTrying!

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #9 on: June 23, 2016, 11:55:09 PM »
Brexit seems to be winning/projected to win!
KeepOnTrying and Never Give Up!
That lion is also after you!

Offline Mirkkanen

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #10 on: June 23, 2016, 11:59:56 PM »
Brave citizens of Britain, I salute you!

Online pandamonium

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #11 on: June 24, 2016, 12:02:00 AM »
Looks like the end of cheap MCC prices.......

Offline comeaux

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #12 on: June 24, 2016, 12:08:29 AM »
While I’m very happy to see gold making this huge run, I’m just a little bummed on my trade out of gold (GDX) this afternoon at about 20 minutes before the close of the aftermarket and gold only up about $4 dollars

Here is my trade below in which I sold 10,000 shares of GDX at $25.41 so if gold maintains its current level, GDX should be up at least 2 or 3 dollars tomorrow (about $28) so I probably left at least $20,000 (or more) on the table. If so this is my “bonehead” of the year trade.  N17

Oh well … it’s great to see the metals making a rally for us all ! 


Offline Mak007

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #13 on: June 24, 2016, 12:17:38 AM »
Congrats Britain!! Maybe the USA will follow!!

Offline wg

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Re: Gold Just Broke $1300USD in Asian Trading
« Reply #14 on: June 24, 2016, 01:06:19 AM »
 :w00t:

omg