Spot gold - November 8, 2022

Gold Silver Pop / Bitcoin Drops $2,000 Ahead of Midterms


Quick Update:

This morning both gold and silver popped which appears to have something to do with the midterm elections in the USA. Other than that. there doesn't seem to be anything else that would cause gold and silver to jump as much as it did. As a silver bug, I'm quite happy to see my favorite metal go up, instead of the usual go down!

Spot silver- November 8, 2022

This is the second time in a week that silver jumps more than a dollar an ounce. It's now up more than $2.50 since last Thursday. 

Gold is doing great and is back in the $1,700 range as shown in the cover photo.

Bitcoin is down more than $2,000 in the last 24 hours (at present $18,537). Oil is only down about 2%.

The USD Index briefly fell below 109 before recovering slightly to 109.24 while just last week, it kissed 113.

In other news: Weed company sued for not getting people high enough!

 

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Check out some of my previous posts.

Central banks considering revaluing gold.

Silver jumps more than $1.50 in 24 hours.

Gold's performance in previous USD bull runs.

Another week. Another flurry of rate hikes.

The looming diesel fuel shortage

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My silver XPerience with OwnX.

 

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SweptOverNiagara
SweptOverNiagara

Name's Joe and I live in Ontario, Canada. I like writing on a wide variety of topics. I enjoy keeping track of markets, investing and commodities and the crypto sector. Also do some coding for web browsers.


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