GoldStrike Resources – A New Ground Floor Yukon Gold Opportunity
GoldStrike Resources is building shareholder wealth through systematic, cost-effective exploration of 24 Gold prospects located In key districts across the Yukon Territory
Message: 'Buy gold' up 500% post-Brexit / Gold breaks 200 week MA
- Gold price breaking the 200 week moving average
- 'Buy gold' internet searches soar 500% after Brexit vote
Comex gold futures traded at about seven times the normal rate in the hours of the final decision, according to ICBC Standard Bank.
“It was just pandemonium. It was absolutely insane,” said Peter Hug, global trading director at Kitco Metals. “It was unbelievable, almost to the point of being funny.”
The initial surge, combined with massive moves in currencies and stocks, was unlike anything Mr. Hug had ever seen. Gold prices moved faster than traders could keep up, he said.
“You couldn’t even push a button” without gold prices moving, he said. “I was sitting here with my jaw open.”
The British exit, or “Brexit,” also sparked a rush of buying in physical gold.
London-based gold brokerage Sharps Pixley Ltd. checked their stocks before Friday to prepare for a potential Brexit, flying in products from Germany and Switzerland. However, the initial demand wiped out their stores of gold kilo bars and coins, to the surprise of chief executive Ross Norman.
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