Tensions In Syria Fuel Gold Price Rally!

[Truffles_EOD]

From Gold Bullion By Post:

"Wednesday 28th August saw the gold price rally to a 3 month high peaking above £920 per Ounce sparked by rising tensions over the situation in Syria. With a imminent military strike looking increasingly likely investors were quick to react by adding more physical gold to their portfolios."

What is happening in Syria is truly horrendous with the recent Chemical Weapon attack and something must be done, a very tricky situation and one certainly on a knife edge with the Russians and Chinese not wanting western intervention, a pity we cannot get a ceasfire for a few months, evacuate every non combatant to a nearby country and leave the combatants to it ... military intervention in Syria is a whole different ball game than Libya and a decision not to be taken lightly, it could be the trigger to much, much worse Worldwide!

 

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[jeff of pa]

Funny how quick Things Dropped off again

Little bit of a Rise, Profit taking, & right back down.

 

[Truffles_EOD]

Yes looks like it Jeff, any bit of news for an excuse for people to profit!

 

[jeff of pa]

My guess just someone on the inside.

Haven't seen anything mentioned yet

 

[jeff of pa]

just found this from Kitco, I haven't taken time to read yet

AM-PM Roundup with Jim Wyckoff

as far as Syria ? Didn't prices start rising before the Syria mess ?

anyway Perhaps nobody trusts the market right now, & this is why they sold short, But
in my opinion, only ones I see making profits on such a small rise,
had to be billionaires (Banks) who owned tons . am I wrong ?

& no matter what they say, The U.S. Dollar stronger ? no way.
if it was, Gas should be $2.00 a Gallon

 

[Truffles_EOD]

Good find Jeff. I am paid in US$ and it certainly isn't as strong as it was several years ago... hopefully it will gain strength soonest!

 

[jeff of pa]

unfortunately I believe that ship has sailed, But it would be nice

 

[Wickaboag]

The mess in Syria is two years running. I hope it stops, brother is going to be deployed if we get in a mess /:
I was surprised to see silver drop. I'm thinking the parliaments of Germany and England voting no to a strike on Syria might have changed the movement of silver.
Happy stackin
Wicka

 

[Jim in Idaho]

From Gold Bullion By Post:

"Wednesday 28th August saw the gold price rally to a 3 month high peaking above £920 per Ounce sparked by rising tensions over the situation in Syria. With a imminent military strike looking increasingly likely investors were quick to react by adding more physical gold to their portfolios."

What is happening in Syria is truly horrendous with the recent Chemical Weapon attack and something must be done, a very tricky situation and one certainly on a knife edge with the Russians and Chinese not wanting western intervention, a pity we cannot get a ceasfire for a few months, evacuate every non combatant to a nearby country and leave the combatants to it ... military intervention in Syria is a whole different ball game than Libya and a decision not to be taken lightly, it could be the trigger to much, much worse Worldwide!

Actually, as of 4:00 PM Mountain time, today, gold is down more than $20.00 over the last 2 days.
Jim