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Thread: Gold chart looking bullish; Pd to lead new PM surge?

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    Unobtanium PatColo's Avatar
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    Gold chart looking bullish; Pd to lead new PM surge?


    5y chart, just to show kitco says that Summer '16 high was $1365

    https://www.kitco.com/LFgif/au1825nyb.gif


    That $1365 high goes back to early '14, so a punch through $1365 as we're flirting with here today, would be a 5+ year breakout high.

    https://i.imgur.com/yDGQIUB.png


    Pd which has been making new all time highs this year, before pausing to refresh beginning in Mar, is back on its way today to challenging it's Mar $1583 all time high

    https://www.kitco.com/LFgif/pd0365nyb.gif


    I'd love to see anti-THRILLver chart more uppity, confirming Au & Pd, but it's 10y chart looks abysmal....

    https://www.kitco.com/LFgif/ag3650nyb.gif


    About the only arguably positive silver view is the "7 month view", where we can say hey, overall uptrend since last Nov!

    Or, definite uptrend since late May!

    https://www.kitco.com/LFgif/ag0365nyb.gif


    Pt you ask? Basket case, who cares, fuck Pt!

    But let's watch for an Au 5y breakout high >$1365 any time soon... or not.

    We know what the Thrillver Rocket is capable of, when the PM complex gets a fire under it. And the King of Currencies, Au, seeing a >1365 breakout would spark that fire.

    The last 2 explosive PM rallys began in the Summertime, & ended the following May:

    Summer '05 - May '06
    Summer '10 - May '11

    What season are we entering again??

    I may look to fund a futures acct & play the rally we're
    potentially on the edge of that way. I made a life changing bundle in the futures in the '05-06 rally... but lost a lot of sleep during. I was happy to put futures behind me after that, & stood on the sidelines through the '10-11 rally (aside from my physical stash, somewhere on the bottom lovely Lake Tahoe).

    If I jump back in that shark tank, I'd just have to take up meditation, or some shit.
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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    Good thread Pat. I read an article that if gold can break out past $1400, it could skyrocket to $1700 very quickly.

    Now is a very exciting time for gold. Silver baffles me. It's doing absolutely nothing.
    life is good.

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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    Quote Originally Posted by PatColo View Post
    But let's watch for an Au 5y breakout high >$1365 any time soon... or not.

    We know what the Thrillver Rocket is capable of, when the PM complex gets a fire under it. And the King of Currencies, Au, seeing a >1365 breakout would spark that fire.


    NY close $1359, +$14

    http://www.kitconet.com/images/sp_en_6.gif

    https://www.kitco.com/images/live/gold.gif


    & Pd +$24, marching towards it's Mar all time highs


    http://bigcharts.marketwatch.com/kaa...579&mocktick=1
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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    Those charts are great Pat.

    I'm just goona repeat what some old stuffy poster on GIM said to me when I said silver was a better lead than gold.

    "I know everything as I am experienced, this makes you just plain wrong"

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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    No silver rockets to the moon anymore. Guess it was an old fad that died out.
    Jackie did it and you know it!

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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    unless my eyes are deceiving me,

    its on, bitches

    https://www.kitco.com/images/live/gold.gif


    Coz above chart is live from when U open this page,

    numbers showing at this writing (since after NY close today):
    https://www.kitco.com/charts/livegold.html

    1,382.20Bid

    1,383.20Ask

    High: 1,394.20
    Low: 1,341.00

    +22.30 +1.64%


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    Great Value Carrots old steel's Avatar
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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    So, sell gold and buy more silver?

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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    TRUMP WILL WIN BY A LANDSLIDE!
    You can forget about making America great again, it ain't gonna happen.

    The NWO is here, and you all stood in line for it!

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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    Just took this screencap from https://goldprice.org/gold-price-chart.html - so this breakout goes back to June '13, a 6 year high...


    https://i.imgur.com/U0SaSTk.png
    FAKE "ELECTIONS" - Why Ron Paul Can't "Win"

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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    Quote Originally Posted by old steel View Post
    So, sell gold and buy more silver?

    platinum, buy buy buy
    FAKE "ELECTIONS" - Why Ron Paul Can't "Win"

    "If telling the truth marginalizes you, then that is the place to be. After all, if enough people are willing to be marginalized, then before you know it, society has developed a different center. This is the politics of truth." -- E. Martin Schotz

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