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Author Topic: Gold Prices Spike  (Read 403 times)

Offline supsalemgr

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Gold Prices Spike
« on: July 27, 2020, 09:00:47 AM »
https://www.cnbc.com/2020/07/27/gold-prices-touch-record-high-amid-coronavirus-worries-us-china-tensions.html

Gold has risen quickly and significantly over the past few days. I am not an alarmist, but my memory tells me this is not a good omen for the near future. Some of us remember the late 70's when gold spiked and what happened the bottom fell out.
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Offline Solar

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Re: Gold Prices Spike
« Reply #1 on: July 27, 2020, 09:34:59 AM »
I saw this as well, and from what I know of the Mkt, this doesn't ring true. Nothing in the Mkt signified disruption, up or down, yet precious metals spike?
I would say follow the money, think China, Soros, Iran, what did they do to trigger this?
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