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Leading Precious Metals Website gets a 504 Error: Too Much Traffic

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How to Resolve 504 Gateway Time Out Very Quickly | Internal Server Error In this video we are going to show you,how to resolve 504 gateway time out very quickly. this is a common problem 504 gateway time out. it may happen with ...
How to Resolve 504 Gateway Time Out Very Quickly | Internal Server Error In this video we are going to show you,how to resolve 504 gateway time out very quickly. this is a common problem 504 gateway time out. it may happen with ...
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Disclaimer: The following is my opinion and is not intended as investment advice. I don't know anything about bulls, bears, cycles, resistance, daily, weekly, monthly charting, micro or macro fundamentals and especially indicators like the EROI.

August 9 OpEdNews published my article on Gold, Silver, the Black Rock and the Twins.

I claim something is going on that can't be explained without knowing what happened in 2015 that changed the precious metals and mankind's destiny.

I am still waiting to see if Silver tests the $21 resistance but what happened Tuesday August 11 and the following day is a mystery.

August 11

Let's start with the Dow:

As a return of risk appetite following encouraging economic numbers and hopes of new coronavirus relief package boosted the S&P 500 to near record highs, within inches of its late-February all-time high, until the last hour when the Dow went into the red and lost 104.53 points to close at 27,686.91.

The S&P 500 lost 0.8% to 3333.69. The Nasdaq Composite dropped 1.7% to 10,782.82.

And then the Precious Metals (Reuters) - Gold sank as much as 5.3% on Tuesday, facing its worst one-day rout in seven years, Other precious metals also took a beating, with silver plunging as much as 13.8% - its biggest daily decline since October 2008.

It was down 13.4% to $25.24 per ounce by 1:59 p.m. EDT (1759 GMT). Platinum dropped 4.7% to $940.08, and palladium slid 4.7% to $2,116.33. Gold for December delivery lost $93.40, or 4.6%, to settle at $1,946.30 an ounce on the Comex division of the New York Mercantile Exchange.

August 12 AM

Stocks rose on Wednesday as Wall Street rebounded from a sharp reversal in the previous session that led the S&P 500 to snap a seven-day winning streak.

The Dow Jones Industrial Average climbed 268 points, or nearly 1%. The S&P 500 gained 1.3% while the Nasdaq Composite advanced 1.8%.

Silver and Gold were still correcting after hours 23:55 NY Time. Gold Bid/Ask 1889.50 / 1890.50, Low/High 1875.60 / 2023.60 Change -20.50, Silver 24.07 -0.69.

At 9:31 Am they woke up to yesterday's closing prices: Gold was $1941.82 Silver $25.86.

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I have been honing my craft as a writer since I graduated from Princeton University. I have been a newspaper reporter, a book editor and a Hollywood scriptwriter. My humor has been published in a number of publications. I have written two (more...)
 

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