[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

You Know What Happens Next

Cash Jordan: Half-Built Tower Abandoned… as ICE Deports Entire ‘Migrant Workforce’

Heavy rainfall causes flash flooding Tuesday night, some cars stuck in high water on Chicago's West

Biden Doctor PLEADS THE FIFTH, Refuses To Testify To Congress, Biden Pardons ARE VOID

Joe Rogan says FBI director Kash Patel played him for a fool and maga for fools with the Jeff Epstein files

Elon's AI System "Grok" Went Rogue And Has Been SHUT DOWN in an Emergency!

Earthquake Swarms at One of the MOST DANGEROUS Volcanoes in the USA

Ben Shapiro Declares Epstein Case CLOSED: ‘Facts on the Ground Have Changed’

Iran receives 40 Chinese J10-C Fighter Jets

China’s Railgun Is Now Battle-Ready, Thanks to Nuclear Power

Chinese Hypersonic Advancements! Deadly new missile could decimate entire US fleet in 20 minutes

Iran Confirms Massive Chinese HQ 9 B Missile Deal

Why Is Europe Hitting 114°F And Still Rising?

The INCREDIBLE Impacts of Methylene Blue

The LARGEST Eruptions since the Merapi Disaster in 2010 at Lewotobi Laki Laki in Indonesia

Feds ARREST 11 Leftists For AMBUSH On ICE, 2 Cops Shot, Organized Terror Cell Targeted ICE In Texas

What is quantum computing?

12 Important Questions We Should Be Asking About The Cover Up The Truth About Jeffrey Epstein

TSA quietly scraps security check that every passenger dreads

Iran Receives Emergency Airlift of Chinese Air Defence Systems as Israel Considers New Attacks

Russia reportedly used its new, inexpensive Chernika kamikaze drone in the Ukraine

Iran's President Says the US Pledged Israel Wouldn't Attack During Previous Nuclear Negotiations

Will Japan's Rice Price Shock Lead To Government Collapse And Spark A Global Bond Crisis

Beware The 'Omniwar': Catherine Austin Fitts Fears 'Weaponization Of Everything'

Roger Stone: AG Pam Bondi Must Answer For 14 Terabytes Claim Of Child Torture Videos!

'Hit Us, Please' - America's Left Issues A 'Broken Arrow' Signal To Europe

Cash Jordan Trump Deports ‘Thousands of Migrants’ to Africa… on Purpose

Gunman Ambushes Border Patrol Agents In Texas Amid Anti-ICE Rhetoric From Democrats

Texas Flood

Why America Built A Forest From Canada To Texas


Business/Finance
See other Business/Finance Articles

Title: Gold Soars To $2,063, Just One Cent Away From New All Time High
Source: ZeroHedge
URL Source: https://www.zerohedge.com/markets/g ... ne-cent-away-new-all-time-high
Published: Mar 8, 2022
Author: ZeroHedge
Post Date: 2022-03-08 18:11:28 by X-15
Keywords: gold, gold, gold, gold
Views: 368
Comments: 3

With digital gold acting more like digital lead in recent weeks, as bitcoin and the broader crypto sector trade as high-beta tech stocks perhaps helping tech funds satisfy margin calls, the real gold has no such qualms and after flatlining for much of the past 18 months, has broken out solidly to the upside, and just today spike more than 3%, rising to session high of $2,063.53

Why $2,063.53? Because $2,063.54 was the closing high on August 6, 2020 when gold hit an all time high in the aftermath of the Fed's money debasement frenzy when the Fed's balance sheet exploded by hundreds of billions weekly.

But while technical selling may have emerged at this key resistance level, we expect it to be taken out shortly, with even Goldman raising its gold forecast overnight, writing that in light of the Russia-Ukraine war, the bank is raising its gold price target over different time horizons. Targets raised for:

-3-month horizon to USD2,300 vs. $1950 previous. -6-month horizon to USD2,500, from $2050 previous. -12-month horizon to USD2,500 vs. $2150 previous.”

Why? Because "An increase in demand from consumers, investors, central banks due to the rising geopolitical uncertainty."


Poster Comment:

Who is cashing out to buy a Mercedes-Benz and a Ukrainian-mail-order-bride-on- the-run??

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: X-15, 4um (#0)

Who is cashing out to buy a Mercedes-Benz and a Ukrainian-mail-order-bride-on- the-run??

Got a truck and nowhere to go since the stores are empty and my joint is already a home for wayward 20-somethings.

I'm gonna be saving so much money, I'm gonna need to find a bigger bank account.

The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell

Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)

Esso  posted on  2022-03-08   18:16:08 ET  Reply   Trace   Private Reply  


#2. To: X-15 (#0)

Gold Soars To $2,063

But that's in Bidet dollars. What's the real price in say 2020 FRNs? About 1500?

StraitGate  posted on  2022-03-08   18:33:28 ET  Reply   Trace   Private Reply  


#3. To: StraitGate, 4um (#2)

Probably about $1,700.

The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell

Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)

Esso  posted on  2022-03-08   18:40:03 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]