what does recent LOW gold/silver volatility mean?

[Fiat Currency]

Re: what does recent LOW gold/silver volatility mean?

But a U.S. Dollar will never purchase 1/1000 of an ounce of gold again.

Sure it will ... once the new $USD is introduced 10:1

[thriftyandboringinohio]

Re: what does recent LOW gold/silver volatility mean?

Will gold ever be south of 1000 again?

I've heard credible sources talk recently about a possible 20% to 30% pullback in POG.
That's $1000/oz, more or less (924 to 1056)

[Down Under]

Re: what does recent LOW gold/silver volatility mean?

I've heard credible sources talk recently about a possible 20% to 30% pullback in POG.
That's $1000/oz, more or less (924 to 1056)

I can't see it happening, but then I'm not a credible source.

[ThePythonicCow]

Re: what does recent LOW gold/silver volatility mean?

Sure it will ... once the new $USD is introduced 10:1

Yeah - When I wrote that the U.S. Dollar would never purchase 1/1000 oz of gold again, I thought of qualifying "Dollar" to mean present Dollars.

But it turns out the clearest way to note that qualification was to leave it for someone else to say, as you did. Thanks!

[karim0028]

Re: what does recent LOW gold/silver volatility mean?

I've heard credible sources talk recently about a possible 20% to 30% pullback in POG.
That's $1000/oz, more or less (924 to 1056)

You could have a pullback, but just based on current price action it looks like it will hit 1450-75 first before a pullback, but who really knows... It broke the upper resistance band, if it closes above it then it should continue for a little while before coming down again...

[jpatter666]

Re: what does recent LOW gold/silver volatility mean?

It's going a little scary out there....gold (and silver) relentlessly pushing forward. The Fed meeting is going to cause serious volatility no matter which way it goes.

A ) Fed launches QE II - gold and silver moonshoot
B ) Fed holds steady - gold and silver crash (well, let's call it a decent decline)

Lots of hype out there -- and the fear is returning. Which way to jump, which way to jump......

[thisandthat.nowandth]

Re: what does recent LOW gold/silver volatility mean?

Looks like Mr. Denninger yanked his "Precious Metals Forum". It was there last night.

Theory: If you ignore it, maybe it will go away.

-joaquin-

[bpr]

Re: what does recent LOW gold/silver volatility mean?

Down $13 yesterday. Up $20 today.

Time to re-read this one in reverse.

[thriftyandboringinohio]

Re: what does recent LOW gold/silver volatility mean?

It jumped vertically up $10/ oz just before noon in New York.
Got my attention, then just leveled off at the higher price.
Volatile indeed.

[grapejelly]

Re: what does recent LOW gold/silver volatility mean?

we saw what happens when volatility escapes out of its cage and parties hardy. What a day for gold and silver volatility.24 Hour Gold Chart - Last 3 Days-2.jpg