Gold hit $2,005 An Ounce Today

[JohnyMac]

It will open tomorrow at $1,998- an oz. (New York Exchange)

I suspect by the close of tomorrow, we will see a new settled price over $2K an oz.

WTI crude, $121- a barrel. I still think crude will be $200 a barrel by July.

Let's see, petrol here is $4.29 a gallon at the current crude price. Will we see $8.30 a gallon by July 1, 2022? The last time we were in the UK, we paid around 7.00 pound sterling per UK gallon whish is about 1/5 less than a US gallon. 

[JohnyMac]

New York Gold Exchange open. Currently running at $2015 an oz. Global exchange $2,018 an oz.

WTI crude $124- a barrel.

We are watching in real time, global economic destruction.  Much of which could be minimalized or adverted if President O'Biden would rescind his EO's on oil and gas. Congress has the ability to rescind any EO. 

[Nemo]

With Brent Crude opening at $128.90.

Hang one already, be ready for the ride. 

If you ain't already its prolly too late.

I hope I am ready enough, if its possible.

Nemo

[Nemo]

Should have bought more when we discussed this. 

Monex pricing currently as of posting.

Nemo

https://www.monex.com/

Gold    $2,506.00 +7.00
Silver        $28.33 +0.39

[Nemo]

But oil prices as of now, per barrel raw oil.  Probably already know but it's 42 gallons per barrel.

Nemo

https://oilprice.com/

WTI Crude ?    68.70    -0.01    -0.01%
Brent Crude ?    71.89    +0.05    +0.07%

[JohnyMac]

Well gold is holding steady at just over $2,500.

Silver, while hovering in the $29 to $30 range, it has dropped down to the mid $28's.

As Nemo pointed out Brent crude is down to just over $71- a barrel.

Unless something big ignites around the globe, we will see little movement from today in these three commodities till post the November election. Then, all bets are off.