"Gold will be around, gold will be money when the dollar and the euro and the yuan and the ringgit are mere memories." - Richard Russell
“Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold.” - Leo Tolstoy
Gold made a move to break out of its consolidation pattern today with a clean close above overhead resistance.
Silver held a close over 18.
Stocks were running like gangbusters after a late-night selloff.
Alas, only the new era stocks in big-cap tech held a gain, with the SP 500 futures finishing unchanged.
There will be a Comex metals option expiration on the 25th.
July is not a very active contract for gold, with August being the big month before December.
Silver may show a little more impact for July.
But these are crazy, volatile markets driven by hot money and automated trading.
Have a pleasant evening.
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