Leave Wins: It’s All Over As BBC, Sky, ITV Call It A Brexit

by Tyler Durden

Jun 23, 2016 7:00 PM

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Update 11:38 PM: According to ITV, it’s all over: Leave has won the referendum.

Dow futures    -528

Gold futures  +75

Brits have finally decided to take charge of their own future. Congratulations UK.

GT

WooHoo!!! Now $1347. Hope nobody sticks a pin in it!!

usdx kissed 96.00 but hasn’t taken it out yet. Bonds, oil and pm going crazy. The grain market is relatively quite. It might take a few days to shake out the stock market.

rno

I wanna see gold $1320 and never look back.

If the scum wanted to orchestrate a crash this is their opportunity. Don’t care. Way to go Brits!!!

WooHoo!!

And I can’t fix it. Any help from moderators or admin would be appreciated. Thanks!!

Gold up 41.30

(more…)

Here’s How High Gold Is Headed

Jeff Clark, Senior Precious Metals Analyst

One of the worst things an analyst can do is make a prediction that includes both a price and a date. Odds are you’ll end up with egg on your face.

But one thing we can do is look at history. Today’s gold bull market won’t be identical to others in the past—but history does provide clues about how high the price might go based on prior trends.

By my calculations, there have been five gold bull markets since it was legal to own again in 1975. Here are the percentage gains of each, plus how long they lasted.

You’ll see a lot of disparity among them, but even the weakest bull market saw gold rise 25% in less than two and a half years. The average gain was 253.6%.

What I find interesting is that all but one of these uptrends peaked in less than three years. That may sound short to you, but on the other hand if our current bull market acted similarly, we could see some very nice gains in just two short years.

You might make the 2001 to 2012 period all one bull market, but at least this gives us a picture of what has happened in the past.

So let’s have some fun and apply those past bull markets to today…

Our bear market low was $1,049.40 on December 17, 2015 (based on London PM Fix prices). So how high would the gold price go—and when would it peak—if we matched any of those bull markets from the past?

Here’s what you get…Sorry but one chart disappeared from here (on my name check)and from my email when I went back to retrieve it, but the info presented is still worth posting.

Three of the five matches would see gold hit a new all-time high. They’d also be more than a double from current prices. The average 253.6% gain would see gold reach a cool $3,710 per ounce. Four of them would see us peak between December 2017 and April 2018. That’s not that far away. Only one from the past lasted longer. The average duration of the five bull markets was 987 days, about two years and eight months. Of course, the current market could end in a mania and hit the $8,000 level or higher. I hesitate mentioning that, because I don’t want to us to expect it. But given the trajectory of our deflating economy, toppy stock market, unmanageable debt load, the spread of negative rates, growing terrorism, desperate politicians, and misguided central bankers, we can’t ignore the possibility that a true gold rush could be in the cards. An $8,000 gold price may not be a fun environment to live in, but we’d be darn glad we owned a meaningful amount of bullion. This is all to show that we could see some real fireworks in the gold price over the next couple years. It also suggests that you don’t want to wait too long to buy. As we showed last week, buying this summer—and before August—might just be your last chance to grab the best value of the year.

the Brits just might pull this off. I would have never believed it…

Dammit Farmboy, now you went and made me drool on my keyboard.  I love corn on the cob.  …and blackberry ANYTHING.  I used to pick them in the woods as a child, also.  Come home scratched and bleeding from the thorns, and purple mouthed!

http://www.bbc.com/news/uk-36559505

They are going to try to rig this if threats and promise don’t work. China just said if they leave HSBC will pull out 20% to France. Good luck with that and their failing Euro. With all the imports from Europe the Brits will be in a much better position to negotiate with a Exit than a remain. Stocks all over the place lol Ups doen downs up and back. ???

Armstrongs comment besides saying it will be remain no matter the vote and one down more to go sarcastically speaking.?

The polls in England are closing early due to rain. But most likely, they were told to close because the vote may be against the government. So this may be yet another dirty trick to deny the people any real democratic process. This is more likely than not going to increase civil unrest from here on out. It’s just stupid. This is the poster child for why people should vote online. But then again, how can government rig elections if they cannot be in charge of counting the votes?

Remains just pulled ahead. No doubt the scum will take this down to the wire.

Gold is fluctuating with the vote count. For once, I could care less about how gold is doing, I want to see the scum defeated for a change…

Just saw on news vote so far is 52% Leave and 48% remain. There was speculation the remains were less likely to get out and vote maybe due to propaganda majority was to remain. Now seeing spoil sports saying the vote should be left to the people but the elected officials.

Now itd 50 remain 49 leave. Hope this election isn’t rigged.

The body language of the Remainers, in comparison to the Leavers, is night and day, as we watch the results. A well known leaver can’t stop grinning .

The real UK is speaking in large enough numbers to carry it……and the Scum, are near serious shock !!!!!

Go Brits!

Whoo Hoo! and gold is going UP with the news!

Strawberries, if not enough for pies get some cream cheese and make some cheese blintze’s. You can probably buy the blintz now these days.

Wanna hear how bad it’s getting. About the Idaho Muslims issue we really need to get Trump elected either that or we’ll have to back to the days these savages were taken for a walk into the woods. I’ve heard the story’s from the Boyz but can’t repeat them here. Id say this time they might deserve it.

Any ways listens to this.. No me writing this. They have no intention of doing anything about it.

I called the mayors office in twin falls Idaho I suggest everyone does this I’m from California I quote…he said that the Muslims have their own policies and that he has heard of this rape and that he stands with the Muslim community and if I. Believe in anti,Muslim rhetoric don’t come to twin falls it’s a Muslim refuge?