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Looks like an up move is on the way. Moving averages turning up.

rno

You can drag this chart left and right to any time frame. Or click a logarithmic scale. You can click adjusted for inflation too, but inflation was always under reported, so can’t trust that one imo.

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

Another:  http://goldprice.org/gold-price-history.html

And another: https://www.apmex.com/spotprices/gold-price

Futures Explained, If Anyone Cares 🙂 http://www.galmarley.com/framesets/fs_trading_gold_futures_faqs.htm

Unfortunately Gold got too high too fast over $1800, and its lust been a long correction, (2012 2013 b2014 and 2015.) in a long term bull market.  If you bought Gold on lows in 2001 at

$256 in 2001

$813 in 2009 or

$1,050 in late 2015, or

$1,176 in Aug 2018 or  the

$1270 low in April and May you should be and are happy.

All the rallies off the lows since 2001 are somewhat artificial and meaningless.  Like they say in business, “Its only the Bottom Line That Matters”.

https://finviz.com/futures_charts.ashx?t=GC&p=m1

https://finviz.com/futures_charts.ashx?t=GC&p=w1

🙂

I still maintain that there is a small odds pissability that silver not participating could be a “hook” to keep gold bulls out…but until that is proven, I agree with you. Stocks opening up with a rally happens in bear markets..now they are starting to roll over–if G&S recover to new highs, that will be classic bull mkt action…smart money bought the little pullback in gold…too early to tell how the day will end, but that’s how it looks to me…bullish!

Silver has to have legs.

Looks like they’re selling us out of the gates and the stock market dip buyers – whoever they are – have arrived.

We’ll see how things shake out but WPM reversing lower was not a good early sign, now it’s up a few cents.

up seventeen cents a minute ago.  maybe this move is starting to get its feet up out of the furrows.

That should bring out the call buyers.

Any rally is meaningless without silver at least participating.

Cheers

Can’t say for sure, because I was flipping over to the French Open – can no longer watch the news of any kind. ZeroHedge is bad enough.

I guess with the ten yr. down to 2.10% they might as well.

Then there’s China

Domino #2: Chinese Bank With $105 BN In Assets On Verge Of Collapse

On 31 May 2019, out of the blue, the board and its audit committee received a letter from EY tendering their resignations as the auditors of the Bank with immediate effect.