dChan - Q Origins Project Archive

Anonymous ID: d6d327 July 8, 2020, 10:57 a.m. No.9895770 🗄️.is 🔗kun

tyb

Gold futures up a fourth straight session to mark another finish at the highest since 2011

Gold futures climbed for a fourth straight session on Wednesday to mark another finish at their highest since September 2011. The move for gold above $1,800 is not surprising given "so many positive price drivers in its favor, with the key player being negative real rates," said Peter Spina, president and chief executive officer at GoldSeek.com. He does not expect to see a meaningful pullback in gold until it breaks past $2,000. On Wednesday, August gold GCQ20, 0.62% rose $10.70, or 0.6%, to settle at $1,820.60 an ounce. That was the highest settlement since Sept. 14, 2011, based on the most-active contracts, according to FactSet data.

https://www.marketwatch.com/story/gold-futures-up-a-fourth-straight-session-to-mark-another-finish-at-the-highest-since-2011-2020-07-08

https://www.marketwatch.com/investing/future/GCQ20

https://www.kitco.com/charts/livegold.html

https://www.kitco.com/charts/livesilver.html

be really careful here…when they say that it has moar room to go up it usually means a COMEX paper hit job is just around the corner

Spot Gold is Cap#2

Spot SIlver #3(the one no one ever mentions on financial tv or any widely circulated msm outlets) is having a much better day and back up at it's highs of a few hours ago. +2.27%

Expect a hit job on both of these soon.

Usually right on the NYMEX open or shortly after where you'll see millions of oz's of paper contracts appear out of nowhere and dropping the price.

If you are looking to buy either of these in physical form do some due diligence on who you buy it from-never buy it from eBay or amazon. Find a local coin dealer (if they are even open now) or a large dealer and make sure whatever you buy is properly packaged AND insured for shipping.

Once the price gets hit again…it will for sure, the situation will arise with a lack of inventory. You will see delivery times extended out days or in some cases weeks from the order you make on a given day. This is the system not wanting to sell it to you for the lower prices and also a lack of large quantity available.

The same thing habbened in the run up and down of both Ag and Au starting in 2009. In some cases the delivery times were extended out 6 weeks from that original date of order.

Once you acquire your physical amounts try and not pay attention to the spot price or daily fluctuations of it as it is a paper-based pricing system that uses FIAT currency as it's input.

Be comfortable that you did not listen to the system and buy gold or silver ETF's (Exchange Traded Funds) as a sustitute for actual ownership as all those people have if a paper-based promise to deliver a set amount of physical via the COMEX delivery process.

They don't have it and if they did you would be at the back of a very LONG line with nothing moar than your piece of paper given to you saying you "own" this amount.

The COMEX went to great lengths to extricate themselves from actual physical delivery of Silver (of those who actually stood through to the expiration dates of contracts purchased-they basically bribed the holders , in cash, to roll off the standing contracts-this is also technically against the rules of the COMEX too but when you don't like the result you can just ignore those.

>>9895788