Gold Hits $1,300 Again!!! Here to Stay???

in preciousmetals •  7 years ago 

Good morning, Steemians!

This is just a public service announcement letting all of you gold and silver bugs know that gold, yes, Au, has hit $1,300 again. This is the second time in about 10 days that it's done so.. Will it continue higher or will the paper pushers sell off their paper once again and artificially drive the price down below $1,300 again? My money is on the latter.

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Silver has made some nice gains, as well. It sits at $17.33/oz. I truly hope that hitting $1,300 will drive investors to gold and silver, causing the price to spike like in 2008 and 2011. It's about time, stackers! Let the gold and silver RISE!!!!!!

Thanks for stopping by! Have a great rest of the day!

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I had a thought last night before I went to sleep. Harvey has been on my mind especially because my daughter is down there in the middle of it. No worries as of yet because she is doing as well as can be expected. Hell, they still have power where she is.

Anyway, I started to wonder if Harvey might become the dreaded black swan. I mean think about it. It has become way worse than expected and is going to continue to worsen. Houston is, what, the third largest city in the US. There is no telling how long the refineries are going to be shuttered. I don't know fellas, but I'm thinking this is going to have a serious economic impact and I feel PM prices are starting to project that.

I was thinking the same just now! I think Chicago is 3rd, Houston is 4th. Thoughts and prayers go out to your daughter. At least they have power still though! Incredible!

Much appreciated. What really sucks is that there is no way to get to her as she is south of Houston. I'm just hoping she can just ride it out and not have to be evacuated. So far, so good.

They will use Harvey as an excuse to jack up the price of oil and gasoline, now that they are shutting down Houston refineries, no matter how abundant oil is.

Eventually it's going to rise

I think it will recieve the usual daily smack down.

I think gold silver will retrace back

Might not be smack down till Friday to push down week close price for some algo. Now that option expire is over.

love it!

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@vegansilverstack got you a $1.62 @minnowbooster upgoat, nice! (Image: pixabay.com)


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