New All-Time Highs For Gold

Sun, Jul 26, 2020 - 11:05pm

Sabbatical or no, this historic event deserves its own thread.

It has been a long eight years...but here we are...with new ATHs in both front-month futures and spot XAU.

Congratulations to all of you...for your persistence and for your willingness to remain on this journey, through thick and thin over the past eight years.


p.s. Comex Digital Silver is having a nice evening, too, and just flew through $24. More in the morning.

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AGAUFat Willie
Jul 27, 2020 - 9:26am


Does any body still listen to that gibbering little tick turd ?

Clarkii Stomias
Jul 27, 2020 - 9:26am

Never have I been happier to be wrong

I guessed way low for the end of July Hat Contest. Mostly because I assumed that the banks would continue their practice of throwing sand in the gears of the metals markets, and they would have had to struggle to grind slowly higher.

Boy am I happy to be wrong.

Something significant has changed. Something truly must be going wrong for the banks behind the scenes.

How wonderful.

Jul 27, 2020 - 9:23am


Remember when they hand out the shit sandwich, the more bread you got the less shit you gotta eat

Fat Willie
Jul 27, 2020 - 9:18am

Cramer just recommended Gold and Barrick

I almost choked when I saw it. He almost looked like he was going to cry.

Hard to believe how far we have come.

Jul 27, 2020 - 9:17am

False Breakout?

This could be the mother of all false breakouts.

Jul 27, 2020 - 9:15am
Key Economic Events Week of 1/18

1/19 10:00 ET Mother for SecTreas hearing
1/20 12:00 ET POTUS Inauguration
1/21 ECB meeting and rate decision
1/21 8:30 ET Housing Starts
1/21 8:30 ET Philly Fed
1/22 9:45 ET Markit flash PMIs (Jan)

TF Metals fan
Jul 27, 2020 - 9:15am

Physical vs futures

Physical now USD 5 more expensive than futures. It is clear that price is not falling because of physical offerings.

Jul 27, 2020 - 9:07am

the sound of silence

Let us see how much, or how little, coverage is given to the metals by the mainstream financial press. What they say, or do not say, might be telling.

Jul 27, 2020 - 9:05am

We're living in new abnormal, Mavens. I think you're on

to something. Lots of stuff breaking. Perth Mint getting the stink finger. Damage to the COMEX and LBMA, silver supply lines pinching down, Scotia Mocatta shutting down, 25-50% of silver production from the Mexico and South American mines going off line.

It's like the 3 Gorges dam. It looks secure, it's still standing but the deformation and shifting of the dam structures along with historic flooding and the 40 inches of rain falling in Chendu is likely to result in a dam failure China will be totally FUBAR if that happens and nothing can fix it. Like someone said, it would be the greatest nature disaster in the history of mankind

If our financial systems shit shows fail like the 3 G dam, it'll be historically the biggest disaster in human history. And we're all just spectators to the epic crash and burn.

The last people, maybe the only people standing, with be those with precious metals, just like back when Rome fell, the only people who survived were those with real money. Ditto for the Weimar Republic. And Argentina, Zimbabwe, Poland and a hundred other countries that failed big time.

Like the man said, it's one huge shit sandwich and we're all gonna have to take a big smelly bite.

Rest up, take care, make sure your family is safe and our best regarding to your dad and kids.


Jul 27, 2020 - 9:00am

Big smash in March

Didn't it happen just after a FED meeting?

I seem to recall that the Bank executives met with the FED right beforehand. Have there been any suspicious Bank/FED meetings recently?

So much exuberance makes me nervous.

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Key Economic Events Week of 1/18

1/19 10:00 ET Mother for SecTreas hearing
1/20 12:00 ET POTUS Inauguration
1/21 ECB meeting and rate decision
1/21 8:30 ET Housing Starts
1/21 8:30 ET Philly Fed
1/22 9:45 ET Markit flash PMIs (Jan)

Key Economic Events Week of 1/11

1/11 12:00 ET Goon Bostic speech
1/12 10:00 ET JOLTS job openings
1/13 8:30 ET CPI
1/13 1:00 ET Goon Brainard speech
1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
1/14 12:30 ET Chief Goon Powell
1/15 8:30 ET Retail Sales
1/15 8:30 ET PPI
1/15 9:15 ET Cap Ute and Ind Prod
1/15 10:00 ET Business Inventories

Key Economic Events Week of 1/4

1/4 9:45 ET Markit manu PMI
1/4 10:00 ET Construction Spending
1/5 Georgia U.S. Senate election
1/5 10:00 ET ISM manu PMI
1/6 US election certification
1/6 8:15 ET ADP Employment Report
1/6 9:45 ET Markit service PMI
1/6 10:00 ET Factory Orders
1/6 2:00 ET December FOMC minutes
1/7 8:30 ET Trade Deficit
1/7 10:00 ET ISM service PMI
1/8 8:30 ET BLSBS
1/8 8:30 ET Wholesale Inventories

Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
12/22 8:30 ET Q3 GDP final guess
12/22 10:00 ET Consumer Confidence
12/23 8:30 ET Durable Goods
12/23 8:30 ET Personal Inc and Spending
12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
12/15 8:30 ET Empire State Index
12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
12/18 10:00 ET LEIII

Key Economic Events Week of 12/7

12/8 8:30 ET Productivity & Unit Labor Costs
12/9 10:00 ET JOLTS jop openings
12/9 10:00 ET Wholesale Inventories
12/10 8:30 ET CPI
12/11 8:30 ET PPI

Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
12/3 10:00 ET ISM Services PMI Nov
12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

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