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Did Gold Hit All-Time Record Highs, Or Didn’t It?…GEEZ, IT’S A ROUNDING ERROR!!!

27-7-2020 < SGT Report 22 379 words
 

from Silver Doctors:



Some technical analysts think gold will drop to the $1600s when it puts in new all-time highs, but it’s more likely that gold’s move isn’t done just yet…


Some of the old school Gold Bugs are bickering on Twitter about what the all-time high of Gold actually is.


Is it the intra-day price?


The closing price?


The?


Meh.



It doesn’t matter.


We’re pretty much there.


For the longest time, and I’m talking about for years, everybody used to say “when gold hit its all-time high at $1900”.


Nobody ever said, “when gold hit its all-time high, intra-day, priced in blah, blah, blah on the blah, blah, blah”.


It’s always been $1900.


I guess it’s just surreal, isn’t it?


But you know what the real surreal part is?


How far away silver is from fifty stinkin’ bucks.


Oh my, is silver going to move, and silver did move up this week, big time, but today, it’s all about gold hitting $1900.


I said this yesterday:



We’ve breached $1900 today, but we haven’t hit an all-time record high.


We were dang sure close as of 3:20 p.m. EST:



Still, the percentage difference from today’s high of, call it, $1904, and gold’s all-time high of, call it, $1923, is LESS THAN 1%.


That is what we call a “rounding error”.


The question is, where to from here?


Chris Vermeulen shared his thoughts on gold with Silver Doctors just yesterday afternoon:



His technical case is definitely worth a listen.

I think the fundamentals in gold are just too strong right now, which are dominating the market, which is why I think gold can continue on its current run.


Furthermore, and pretty soon, the COMEX should be exposed for the fraud it is.


Although I’m sure most of the financial markets will simply get shut down, in part, to keep the fraud hidden from as many people as possible.


Read More @ SilverDoctors.com



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