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There won’t be any bad news Tony.
If you look at the gold price pump and dump it was well outside the Iran attack so nothing to do with it and it shot up and dropped within a few hours- and 24 hours before the attack which was outside trading hours in any case.
Of course, it is due for tensions, but not inside knowledge of a “known” activity about to happen.
Ha Ha no surprise Bi Bi has Biden by his election year balls. ooh painful.
No surprise then
Gold has been taken higher again tonight and all the overbought on daily and weekly were returned as they were before at the peak on Friday. What I am concerned about is what kind of bad news will soon unfold and be shared with the general public.
After falling today, in the evening things changed and the prices of gold and silver shot up. Good day tomorrow - for us but not for many others in the world.
"Israel LIED about Flour Massacre: Report shows Israeli soldiers deliberately opened fire on starving Palestinians".
https://evil.news/2024-04-12-israel-lied-soldiers-opened-fire-starving-palestinians.html
Benjamin Netanyahu and his cabinet members won't be satisfied until they pull the US into a war with Iran!
The Israeli cabinet and opposition leaders have been meeting in Tel Aviv as Israel considers its response to Saturday's attack
https://www.bbc.co.uk/news/live/world-middle-east-68737710
Palestinian doctors tell Al Jazeera they have discovered another mass grave in the courtyard of Gaza City’s al-Shifa Hospital, recently besieged by Israeli soldiers,
https://www.aljazeera.com/news/liveblog/2024/4/15/israels-war-on-gaza-live-five-killed-in-nuseirat-as-israel-strikes-camps
I really can't understand why the USA keeps supplying and supporting Israeli Prime Minister Benjamin Netanyahu and his Zionist cabinet in their policy of genocide against the vast majority id ordinary powerless and innocent Palestinian people.
Benjamin Netanyahu and his evil cabinet members should be tried for war crimes rather the=an supplied with sophisticated arms to facilitate the complete destruction of a nation.
God bless America indeed, what hypocrisy from the US government and the bunch of right wing Zionists that rule Israel at present!
In determining how Israel may respond to the overnight attack, analysts have focused on Israel’s own attack on the Iranian consulate on April 1.
That strike, which killed two Islamic Revolutionary Guard Corps (IRGC) generals and five officers, was carried out with scant regard to Israel’s allies, who were only notified shortly ahead of the attack, according to at least one analyst Al Jazeera spoke to.
Hamidreza Azizi, a visiting fellow at SWP Berlin, outlined two scenarios, both resting upon the motivations behind the Israeli attack on the Iranian consulate.
In the first scenario, the Israeli strike occurred with little or no thought given to the consequences. In the second, the strike was a deliberate attempt to draw Iran into regional war and shift US and Western focus away from Israel’s war on Gaza and towards the regional bogeyman, Iran.
ttps://www.aljazeera.com/news/2024/4/14/what-does-israel-want-to-do-after-irans-drone-and-missile-attacks
I agree Tony, and Israel risk losing financial support, weapons and so on, as we can see the allies position.
With this Iranian attempt, Israel have clawed back more international support and the "morale" high-ground again potentially. They'd be absolutely thick to retaliate to this, totally thick- but then when did a lack of intelligence stop anyone lol... but I don't they will retaliate.
Tibbs if Israel does something stupid, the West alliance will not follow the Israeli Prime Minister down his new rabbit hole.
Israel defense minister to Pentagon: No choice but to retaliate against Iran
https://www.axios.com/2024/04/15/israel-iran-attack-missiles-retaliation
15 Apr 2024
The civil war in Sudan has displaced more than eight million people, driving millions to the brink of famine and triggered waves of ethnic killings and sexual violence. We hear from people in the capital Khartoum and elsewhere in the country. We also speak to our correspondent in Port Sudan and get an analysis from our former Africa correspondent Catherine Byaruhunga.
Iran has rejected Western criticism of its attack on Israel involving hundreds of drones and missiles, insisting it had shown restraint. We answer audience questions about the weekend's attack with the help of our Chief International Correspondent Lyse Doucet and BBC World Affairs Correspondent.
Jury selection is beginning in a courtroom in New York, where Donald Trump will become the first former US president to stand trial in a criminal case.
https://www.bbc.co.uk/sounds/play/w172zbhz0f8zk34
The massive dip in gold at the open has now been fully reversed but silver and copper which dipped I think in sympathy have stayed lower. The vix is moving back up (just bought some VILX again), and NVD looks like its peaked for the day - so this 15 minutes it looks like its risk averse with gold as a safe haven - about time things made sense !
HI Mr Tibbles - nice to know you're still here. Looking at copper silver and gold all day here - not to mention the VIX and Nvidia. The sheer deceit and double dealing in those markets is criminal. I'm glad you're blessed with patience because I can see this little battle going on for weeks !
Steve, the Iranian attack was staged by all parties, just as a show for the world to satisfy Iranian for its retaliation....Nothing was really serious.
GLTA,
Dan
Strongest support lines are at 2010, 2047 and at 2119.
2332 is the standard deviation support line.. 2320 and 2311 are additional support lines. We have to see how well the market in gold holds up if they get challenged which I think is likely.
Thank you Herbieridesaga, agree!
Oops double checked what I thought was a gap at 95p area is not the case. Misread the data point. Ignore last one.
127.9 to 129.5 gap is closing.
121 to 121.6
112.9 to 113.6
109.3 to 110.9p
95.2p to 95.8p (this one may take a long time to close).
Of course it went down!
Gold bombed Friday, markets dropped and cey is a stock.
Fortunately Biden and calmed things, else would have been a far worse drop on the open.
A potential shooting was in the Middle East and the share price goes down!
Is there any logic to the stock marke?
On top of that I would say silver and gold are now both flat lining 1% below Friday open, copper is the only 1 rising in a way you would expect on the free market due to increasing uncertainty, and copper is the only commodity driven solely by market demand. This stinks of the bank traders playing the situation. So could go on for weeks.
Gold Options close in 10 days. Physical delivery at these high prices is either taken up (good for miners) or it is not. The reality is buying gold coins and bars has stopped. Jewellery restocking has mainly stopped. Central banks have stopped buying gold at the current levels. If the price is based on paper options only, this is a tricky market for gold as it has disconnected with wider physical buying.
Gold silver and coppers behaviours are divergent. It could be that copper is doing best because its risk on and gold worst because its risk off - but then why did gold go down before the weekends action. The spike in gold started 16:30 Thursday after a high inflation signal - so illogical. The fall in gold started Friday 16:00 before the risk was resolved and is still low despite the risk being fully mitigated - so illogical unless you can identify a reason to sell off all assets. I think you have just further pushed me to the "emergency Israel warchest" theory.
More likely to be the Biden response at non-escalation has claimed the markets and gold.