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Gold At New High As Dollar Falls


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Gold Opens $1,520, Silver Over $50 Everywhere But Comex (For At Least A Few More Minutes)

While markets are relatively quiet everywhere, precious metals have just gone ape5h1t. Gold opens at $1,520 while silver hits $49.70 on the Comex, drops, and is backing up again last treading at $49.22, as the world is pricing in the end of the US reserve currency. The parabolic melt up is in full force and we expect the nominal Hunt high to be taken out today, after which the resistance is the real Hunt high somewhere around $140, courtesy of the Federal Reserve confetti.

Still I'm sure a bit more printing won't matter...

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