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The Gold Price Shot up to $1,712.85 in One Hour, Next Big Resistance is $1,805
The GOLD PRICE was fiddling around all day, pitty-patting at $1,660, falling as low at $1,650, and then gold’s best friend Ben Bernancubus and His Clowns made their announcement, and the GOLD PRICE shot up to $1,712.85 in about one hour. The SILVER PRICE languished indecisively, lolling around at 3153c then climbing back to 3220c when Ben appeared. In about one hour silver had gained 3.6% for the day, shooting to 3340c and backing off to only a 116.1c rise to 3309.2 at Comex close.
Ben has taken SILVER and GOLD nearly to the next level. Now we’ve reached that $1,705 resistance I have been looking for, and gold surmounted today its 150 DMA ($1,683.03). IF—if—gold punches through $1,705, the next big resistance comes in $100 higher at at $1,805.
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