Gold Spikes Above $1275 On Sudden Billion Dollar Bid

79Au197

http://www.zerohedge.com/news/2016-05-18/gold-spikes-above-1275-sudden-billion-dollar-bid

… and is promptly pushed back down by COMEX

GrandpaBrian

Billions are being bet both long and short in these markets. Its shaping up to be a titanic battle between the bears and the bulls.

Who knows, maybe this has something to do with todays action...

http://www.thebitgoldfiles.com/#!Unintended-Consequences/c1q8z/573c74b50cf270b8fd044440

79Au197

@GrandpaBrian

"If America kills off the concept of "sovereign immunity" won't every other country adopt similar laws? Iraq and Afghanistan could allow its citizens to sue the USA for all the many thousands of families who lost lives and homes due to US bombing and invasion over the years. Their courts could allow the seizure of American assets in settlement of damages awarded in their courts. "

Yep, in fact the US is probably open to more "war death" related law suits than Saudi Arabi is to 9/11 related law suits. Who wins? The lawyers.

Goldmatters

@GrandpaBrian @79Au197 More of the same. I think this has more to do with the FOMC minutes being released today than anything else. This happens every time around an FOMC event.

GrandpaBrian

You are probably right @ArtMatters . We have become a world of Fed Watchers, which I find rather sad.

Goldmatters

@GrandpaBrian Agreed. Instead of watching fundamentals, we are watching Yellen go mental.

rohanibuang61

@79Au197 still it doesn't achieved to the target above US1,300 for Gold to make a new bullish of US1,396. Hopefully early next month.