$3,000 Gold Thread.

It's a natural thing, gold must have the accounting from so much money supply.

 

Me wanty.

Not only cause GOLD, but wow what interesting pieces!!

Cool link, thanks for that!

 

This maybe great and all. But when gold really does go to the moon. I think most people will be more worried about how to survive the coming shit storm

 

By defending yourself with all your gold in a sock to make a booper

 

No I mean I think the food supply chain is about to become broken in a big way. Survive as in have things to eat.

 

Thanks for the reminder. Time to replenish the food hoard again.

 

Gold is nearing a triple-top before 2,000 $, it's visible even on the simple Kitco charts:
(on more technical charts, it looks more like sideways trading, because there's another hump after the 3rd top, yet it looks like gold wants to take a bigger dip).

 

Everytime they try to beat it down it comes back stronger.
Gold is considered indestructible for more reasons than one I guess.

 

This "best and strongest economy in history" has been very bullish for gold haha.

 

Right now, taking a closer look - it looks like a triangle:



Anything could happen after this: drop or... it could go sky high.

 

My guess is that gold wont do much until the second wave this fall, and it's a common theme on MSM getting the sheeple ready for it.
Another lockdown and a final stopping of the economy will be another blessing for the central banks and more destruction of the middle class.
It's all being prepared for the stage now.
The sheeple are already stocking masks and toilet paper for the next wave which will be portrayed as much much scarier.

It will happen just about the time the money printing stops working so just wait.
My guess is it will happen just after the elections.

 

JohnnyBravo300: don't you think this a good selling opportunity? Before it takes a dip?

I think the easing of the quarantine, the small "vibe" in the restarted economy and the "lazy" summer months will bring lower gold price.
Perhaps it will be a good idea to buy again towards autumn, probably August.

After this triangle I wouldn't be surprised to see a huge dip.

 

that's right after round 2 of super withdrawals.

 

What do you mean?

 

Yeah spot could drop also in the next big selloff if paper sells big again but physical wouldnt necessarily drop with it and could even go up.
I didnt know if you were talking physical or paper gold.

 

Bro, dealers use spot price to determine the price of physical.

Yes, you can buy expensive physical, but no-one will give you more than spot price.

 

So, I conclude: this is a good selling opportunity, as a drop might follow. I think it will be a DROP, most likely. Rather than a SPIKE upwards.

Wave 1 is ending, economies are sloooowly restarting, prolly even more people will take credits (for lack of money)...