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Gold Spiking Today

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15 comments

  • mogley98
    Great I guess we are eating Ham for Thanksgiving :)
    3
  • spasmcreeksrun
    hope it hurts the founder of this bug MORE than the USA
    0
  • Don McManus
    While I wouldn't call 1.2% a 'spike', it is curious that gold has not risen more over the last year.  Obviously the larger players believe that the historically high levels in the stock market are sustainable.  I think if we see gold actually spike where it is up $ 300.00 to $ 400.00, it will be a signal that a lot of folks see ill winds a'blowin.  This is a blip, not a spike. 

     
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  • select-fire
    Venison for Thanksgiving
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  • serf
       It's seeing food inflation. The central bank in China will be the one to make the stock market crash. Not long either.
                                                          serf
     

    China’s Government Fails to Stop Coronavirus from Infecting Stock Markets

    https://www.ccn.com/chinas-government-fails-to-stop-coronavirus-from-infecting-stock-markets/

    The coronavirus is slowly becoming an existential threat to the financial stability of the Chinese financial market. The Communist Party of China (CPC) is getting desperate to get the situation under control, but their actions seem to have little effect and a crash looks inevitable.

    To calm jittery investors, the CPC decided to inject $174 billion into the financial markets through open market reverse repo operations. Additionally, the CPC also banned short-selling and banned major shareholders from selling stock for six months.

    https://www.aljazeera.com/news/2020/02/swine-fever-double-punch-countries-facing-covid-19-threat-200217050557166.html

    Swine fever: 'Double punch' for countries facing COVID-19 threat

    As fears over the coronavirus, also known as COVID-19, continue to dominate the headlines, a second virus affecting China's swine industry is also spreading throughout the Asia Pacific region, threatening not only the lives of the affected animals but also the livelihood of farmers who raise them.

    African swine fever (ASF) is a contagious disease that affects domestic and wild pigs, causing high fever, respiratory problems, internal bleeding and skin haemorrhages. While it rarely infects humans, according to the World Organisation for Animal Health (OIE), it kills 80 percent of the pigs it infects.





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  • serf
    Gold spot is almost 1650.00 today.It's breaking out big time for sure.
                                          serf
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  • mac10
    will drop when virus stops
    0
  • serf
    mac10 said:
    will drop when virus stops
      I doubt it will be eradicated because it came from a Bio Weapons Lab in my opinion and designed to kill old and weak people.An ideal weapon for forcing mankind into a NWO autocracy.  
                                                                  serf

    The Coronavirus May Be ‘Disease X’

           https://www.msn.com/en-us/health/medical/the-coronavirus-may-be-e2-80-98disease-x-e2-80-99-health-experts-warned-about/ar-BB10geqf

     Unlike SARS, Covid-19 infection has a broader spectrum of severity ranging from asymptomatic to mildly symptomatic to severe illness that requires mechanical ventilation,” doctors in Singapore said in a paper in the same medical journal Thursday. “Clinical progression of the illness appears similar to SARS: patients developed pneumonia around the end of the first week to the beginning of the second week of illness.”

    A similar pattern of inflammation noted among Covid-19 patients was observed in those who succumbed to the 1918 “Spanish flu” pandemic, said Gregory A. Poland, the Mary Lowell Leary emeritus professor of medicine, infectious diseases, and molecular pharmacology and experimental therapeutics at the Mayo Clinic in Rochester, Minnesota.




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  • austin20
    What's it doin today?
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  • charliemeyer007
    Well if you pull your money from the stock market because you think the supply chain will be interrupted long enough to shut down manufacturing, where do you put that money? Doesn't appear bitCON is the answer so maybe gold?
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  • BobJudy
    Gold and silver both down today as the Dow loses another 600+ points. Kind of makes you wonder where those that are panicking are stashing their money. Must be a lot of old mayonnaise jars buried in backyards. Bob
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  • serf
    BobJudy said:
    Gold and silver both down today as the Dow loses another 600+ points. Kind of makes you wonder where those that are panicking are stashing their money. Must be a lot of old mayonnaise jars buried in backyards. Bob
      Big investors are selling off their gold assets to cover their losses with hedge funds.

                         serf
     

    Bridgewater Associates LP has bet more than $1 billion that stock markets around the world will fall by March, said people familiar with the matter.

    The wager, assembled over a span of months and executed by a handful of Wall Street firms, including Goldman Sachs Group Inc. and Morgan Stanley, would pay off for the world’s biggest hedge fund if either the S&P 500 or the Euro Stoxx 50—or both—declines, some of the people said.



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  • gruntled2
    I am tempted to sell the gold & silver I have. Of course I would be unhappy if they continued to rise but you shouldn't cry when you make a profit. I am also thinking of selling my tax free bonds as they are way up. Problem then would be where to put the money?
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  • serf
    Swiss Francs in a tax haven maybe?
                 serf
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  • BobJudy
    us55840 said:
    It's all just numbers on paper.....nothing more.  
     :D 
    For those of us in th 21st century, it's just pixels on a Ipad.😁 Bob
    3

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