I'd really like to believe we have a double bottom $1309 as the closest we're going to get to filling the gap...
Responding to both you fine folks below here, to be fair, at midnight last night I did log in and cancel my GTC closing order at $1.06 on my July $5 calls. 3 weeks is a long way aways in this environment and I believe you're both correct.
If it stays this close, and my God if they actually vote to leave EU, we will see possibly $1400+ against a loss of confidence in EUR at the same time USD weakens over broader economic concerns and monetary policy.
I have to admit, even if the "Remains" took all the remainder vote, the "Leaves" got more votes than I would have thought possible. To your point, the genie is out of the bottle and we could very well see more votes like this in the near future from other member nations. Not even ruling out calls for a new Brexit vote in the next 12-24 months.
I'm wondering if it's because the leaves are slightly ahead right now... the 24hr chart may look like a seismograph by the COMEX open
If you load the stock summary page there is a new format and the only thing close to the message boards I something called "conversations" and it is more like commenting on news articles and not really a board.
I write some covered calls time to time, just so much more to be had on the buy side (if you're right).
Very interesting the AUY/GLD decouple this week.
I think we're going to find a big head fake about Brexit's influence in the gold markets. The run up from $1080 started well before this vote came to the forefront.
Whatever happened to June standing orders on the COMEX?
Heard this yesterday on the radio. LOL. Excluding a 1-day spike over $1300 we are still parked at 2-year highs on the price of gold. I wouldn't call that being shunned.
I've seen them but I think the polls are garbage. Sounds a lot like rate hike or no rate hike media manipulation for the brokerage houses.
No way they vote to leave, said it before and reiterating here.
Keep in mind the last few quarters we watched some brilliant copper-for-gold acquisitions over at the Brio division. I would expect the same or maybe even a larger one with the added cash AUY is enjoying right now!
So long as we have containment until I am well out of volcano country! (Which is manyana). While I wish I was buying gold at the SGE, engaging the Costa Rican senioritas are a close running second. I wonder what would happen if I went to Shanghai and literally brought suitcases of cash and tried to leave with a kilo of yellow metal.
Was in Nicaragua all day today. Finally get back on the wifi and look at a $1300 overnight print.
Amazing day (Masaya is active and what a sight to behold right at the mouth), made some U.K. friends on the journey, and now seeing AUY back over $5 and gold $1300 in today's trading.
Must be my birthday or something.
Yessir back on resort. My excursion to Tamarindo and San Jose was excellent. Wifi on resort. You know I can't not pay attention of technology allows!
Remember the days when JPM and others used to get caught shuffling commodities from
Warehouse to warehouse creating false demand scenarios? Wonder if that ever actually changed. Let's see what happens at end of month when COMEX has to start shipping.