when the word generational is used..I completely fade the OP and do the opposite. Seems to be used by people that have missed most of whats happening and trying desperately to somehow fix it all or explain it all using one really climatic, buzz word. "Mom ..the washer is broken and now we have a generational flood in the basement"
This OP, s2007s .... go around the whole world looking for the-sky-is-going-to-fall news. Well. At least they bother to read those (lousy/fake/biased/unwise) news. Benzinga Newswire must be happy with the free publicity from the OP.
This is getting to be what we call a parabolic move. Could easily see a 500 dollar drop in gold any day now! I would not be buying. If you can short i would but keep the losses tight. Gold will be selling off very very soon.
Probably will get to 4000 but gold will drop hard very soon. I would be shorting soon. Looking at shorting some etfs Its up again tonight but don't be surprised by a huge reversal to the downside very soon. Will be adding short position just for the sell off but long term gold is still on the uptrend.
23 Apr Asian session What a messy movement. The range was good actually (80 points = $800 / lot). Anyway all brokers should have increased the margin requirement due to its volatility.
Just over the last few weeks they have increased margins on futures contracts.... Even on options I trade they increased them as well.... Unless you are talking about Asia brokers..
At some point silver, which has been massively lagging, may play catch up. Wouldn't be surprised to see a GSR of below 50 before this gold bull market ends.