Live Spot Gold
SPOT MARKET IS OPEN
closes in 2 hrs. 17 mins.
May 20, 2020 14:43 NY Time
| Bid/Ask | 1748.20 / 1749.20 | |
| Low/High | 1739.40 / 1754.30 | |
| Change | +3.50 | +0.20% |
| 30daychg | +52.30 | +3.08% |
| 1yearchg | +470.90 | +36.87% |
| Alerts Charts |
Silver Price & PGMs
May 20, 2020 14:43 NY Time Kitco 10AM Silver Fix
| Silver | 17.42 | +0.08 |
| Platinum | 832.00 | +1.00 |
| Palladium | 2026.00 | +55.00 |
| Rhodium | 5400.00 | +300.00 |
Click on the metal names to
see the associated charts
(Kitco, Wed. May 20th,2020) – A lot has happened since Monday’s reversal in the metals; the buyers are back. As we wrote yesterday, Monday’s pullback was really a buying opportunity and not a place to panic. None of the action this week has been surprising. In fact, it has almost been to script.
Gold remains the steadiest of the group and is in a long-sustained uptrend with no real sign of weakening. Gold was under a little pressure early in the month and was in danger of reversing; however, buyers stepped in and have not stopped. Gold is now ready to make a big run through the $1,788 June futures high. New support is about $1,730 in the June futures, and until further notice, pullbacks are a buying opportunity.
Platinum and silver are almost identical with both making parabolic moves to the upside, and other than a brief pullback Monday, have gone straight up. There should be a pullback soon, as the speed and distance silver and platinum are tracking is too far too fast. A small sell-off is healthy and an opportunity. If the rally continues at this speed, it will signal they are nearing the end of the rally. We remain long across the board.
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Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com