Wednesday, February 22, 2012

Gold Spikes $20

Live New York Gold Chart [Kitco Inc.]Somewhere, The Bernank must be making public statements we aren't aware of yet...
Gold has just spiked $20 from $1755 to nearly $1775, and silver has spiked as well...on No news!

Live New York Gold Chart [Kitco Inc.]

Live New York Silver Chart [ Kitco Inc. ]

11 comments:

Anonymous said...

Someone needs to take that scummer out... Or at least wire his jaw shut, gouge out his vocal cords and lop off his hands... Either way...

Anonymous said...

With Silver Wheaton rising this morning when silver was down, one could almost sense that the cartel was up to something unusual. Surprise, surprise, gold and silver uncharacteristically spike in NY a few hours later. Don't think for a moment that this sudden spike was not planned by the cartel.

Anonymous said...

i took delivery today of 20oz of physical, which has not effected the paper price i see

Anonymous said...

May day May day we are approaching $35 silver and $1800 gold. I think we may see it sooner than most realize. Today seems like a good day. Don't hold me to it but this has the looks of a breakout.
T

Anonymous said...

very poor movement on silver...cartel is behind this gold and silver move...are they planning a massive selloff, and this move is just to atract idiots?

Conno said...

Hmmm....Algos turned off last two days me thinks!!!

conax said...

Looking at Netdania with volume window on, about 1:10 EST 1470 contracts in 1 minute popped the price up a few cents, followed by a couple more purchases of similar size. For the next hour, a back and forth battle ensued, then another thrust upward to 34.48. Now we're in the doldrums again, easing back down.
It feels like a buyer(s) of some weight is doing an hourly shot, trying to get Ag without popping the price up steeply. Right now, it might be getting ready to bust another move, we'll see within 10 minutes.

conax said...

Make that a half hour..
It looks like a 34.40 cap for today, show's over.

Anonymous said...

I loved watching it go up and up like a roman candle! Can't wait to see if it will stay there

Ordinary Joe

Mammoth said...

Still stackin' silver but waiting til late next month on gold.

Let's see what the 'Ides of March' will bring...

Anonymous said...

Ordinary Joe, last year on the run up to $49 it was real fun. I'd set my screen to apmex, wait every few minutes and click on the price. I vividly remember one day every time I clicked on it, it was up around 50 cents. I watched it all the way up to $48 and change. It will happen again.
T

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