Will Gold break the all time high?

Discussion in 'Gold' started by SilverDJ, Jun 22, 2020.

  1. leo25

    leo25 Well-Known Member Silver Stacker

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    I think it's time for this. I can feel a break out in the air.
    Hold on to your gold stocks, as they are going for a ride!

    [​IMG]
     
  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I found out that USLV and UGLD are going to be delisted next month. Not just entirely due to precious metals but many leveraged funds have been "deleveraged" or removed entirely. Just wondering if they will delist SLV - the metal is worth more than the spot. The issuer can simply pay you the spot and then sell the metals to a hedge fund at a premium.
     
  3. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    I am definitely losing faith in silver though at this point.
     
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  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    As we already know spot price has nothing to do with real demand until a supply shock happens (when you can't buy any metal at spot because there is no metal in the warehouse) like the case of Pd. So silver can remain low until all the excess supply are depleted. This is a long game.
     
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  5. jultorsk

    jultorsk Well-Known Member Silver Stacker

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  6. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    $POG going up ;)

    trump tweet.jpg
     
  7. President Trump

    President Trump Well-Known Member Silver Stacker

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    ^^^^
     
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  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  9. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Trump still trying to blame china even after the virus was already here.
    Why cant he ever be honest, every word he says is a lie nowadays.
     
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  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Now the much feared second wave is shutting us down again.
    It's so funny that everyone was calling this months ago haha.
    So easy to see through the smoke screen.
     
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  11. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Never trust a communist. Whatever you think you know, rest assured China is lying about the virus (and everything else).
    Also rest assured choosing to support China over any western democratic leader - including Trump - is akin to succumbing to believe Nazi propaganda during WWII in London. Weak.
     
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  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    The only propaganda is him repeating that it came from china. It was already here in the states before they randomly plucked it from thin air to make an invisible boogeyman.
     
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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    My relative who has a Chinese in-law was tipped off and placed an order for 3 cartons of 3M masks in early January. We discussed this in a family dinner mid-January. Yes, we were already talking about the virus in mid-January. A lot of people in Singapore knew about this before anyone in America knew.
     
    Last edited: Jul 1, 2020
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  14. alor

    alor Well-Known Member Silver Stacker

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    Nazi and Papa Bush are from the same grand daddy, Nazi Bush
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Communism no longer exists. What you see is not communism for sure.

    https://en.wikipedia.org/wiki/Communism
     
  16. JulieW

    JulieW Well-Known Member Silver Stacker

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    Trump is stupid and is simply dedicated to his re-election, nothing more. Luckily world leaders and those in the US administration who matter know this.

    China bashing will pick up a few votes and China knows he's a paper tiger. This is not a call to, nor risk of war.

    Despite 4 years of anti-Trump propaganda in the MSM, I still think he'll win again. Only because he's running against Biden (and probably Kamala Harris). The Democrats have no plans, no answers and no candidates to stand up to Trump.
     
  17. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I think a lot of people mistakenly reason with themselves that their distaste for Trump exists, so he must be stupid.
    However, as you have pointed out, despite 4-years of Trump-bashing by the MSM he is still a favourite and he has an opposition with no answer.
    A stupid man this does not make.
     
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  18. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    I wouldnt say hes stupid.
    Hes fooled every american that voted for him and that's millions of sheeple.
    I prefer "puppet boy to the fed" but hes on the same level as biden. Just another sell out. The agenda is the same in the end. Less freedom, bigger govt, higher spending and less free markets.
     
    Last edited: Jul 1, 2020
  19. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Will Gold break the all time high?

    *The stock-market is in a Bear market.
    *Logistics are in a mess.
    *Dividends for many companies will be non existent or be heavily reduced.
    *Shipping companies bankrupt.
    *Airlines bankrupt (I see government bail outs for companies the same as what happened to Holdens a few years ago, they milked it and still went broke.
    *International tourism dead-in-the-water.
    *International Hotel accommodation dead-in-the-water.
    *University and TAFE international attendances dead-in-the-water.
    *Small businesses struggling except those who sell food because more people are eating at home; they'll do ok.
    *International sales of seafood declining / dead in the water (Australian crayfish tails are rotting in the woolies seafood window.
    *Car sales plummeted.
    *Keep an eye on the Baltic Exchange Dry Index so you know what's, what.
    *Scrap gold is up by a huge %.
    *Gold and silver production "may" do ok but I doubt the big producers in South America will be so lucky, COVID is taking a toll
    on them.
    *I see banks going turtle like they did in the GFC.
    *Self funded pensioners are going to see their dividends smashed.
    *Civil unrest (We could see homegrown hostilities in the US - China would love that and of course their cyber capabilities are
    out to test the US and everyone else.

    The US hasn't even gone into their winter yet, so the virus could change things.
    The job reports sound great in the US but look at where they are.
    I think what we will see is what everyone has been saying or thinking, another drop in the market, folk will be forced to sell
    to cover margin which will drag down gold and silver. But, they won't stay down.

    Things will get back to normal one day, they'll get a vaccine one day and then all we have to worry about
    is getting back to normal.
    Normal?
    Cold war with China.

    On a good note, I see Australia doing ok, we are the quarry of the world and should do pretty good in the long run.
    I think we are in the driving seat to offer nearby Asian neighbours (Not China) the food and materials they'll need.

    The world will need silver for production of our electronic gadgets.

    Gold is a good hedge for inflation, it's also good during a decent war (And you all know that - these are just my notes to me) :eek::)

    I wouldn't worry about the price of physical gold or silver, I'd worry about not having a bit stashed away.

    Just my notes (Some of them) :confused::D


     
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  20. alor

    alor Well-Known Member Silver Stacker

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    and yet gold failed to go up, just too near and yet too far
     

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