Gold Reaches $1,610/oz Prior To Retreating, Oil Higher and Stocks Lower As Iran Attacks U.S. Bases

Gold Reaches $1,610/oz Prior To Retreating, Oil Higher and Stocks Lower As Iran Attacks U.S. Bases

] ◆ Gold surged to a seven year high at $1,610.90 overnight prior to retreating as markets experience volatility due to the risks of a U.S. retaliation after Iran’s attacks on U.S. bases in Iraq. ◆ The severe, but long expected, re-escalation of geopolitical tensions led to the gold price surging overnight as speculators go … Read more

Central Banks Were Diversifying Into Gold Bullion Prior to the Global Lockdown – Here Is Why

Central Banks Were Diversifying Into Gold Bullion Prior to the Global Lockdown – Here Is Why

] Gold in USD – 3 Days ◆ The global economy was flashing danger signs long before the pandemic… ◆ For one thing, many countries were clamouring to get hold of as much gold as possible. ◆ For the past decade they have been buying new reserves and bringing it home from overseas storage to … Read more

Gold Reaches $2,000/oz Prior to Two “Concerted Attacks” In Futures Market

Gold Reaches $2,000/oz Prior to Two "Concerted Attacks" In Futures Market

] The King Report “Anyone that’s been around the block a few times with gold knows that at some point ‘they’ will stage a concerted effort to drive gold lower.” December gold hit $2,000 at 21:19 ET Monday. It then retreated and traded sideways until 22:50 ET. Then someone slammed gold down to $1,955 in … Read more

Short Term Weakness Likely Prior To A “Massive Short Squeeze Propels” Gold and Silver “To Much Higher Levels” – GoldCore

Short Term Weakness Likely Prior To A “Massive Short Squeeze Propels” Gold and Silver “To Much Higher Levels” - GoldCore

] Gold and silver are set for a 5% and 6% gain this week and a significant 11% and 30% gain in the month of July (see table below). Weakness is likely to be short term and shallow From MarketWatch: Gold prices ended lower Thursday, with bullion retreating from a record rally that had seen … Read more