Gold to get whacked tonight

Discussion in 'Gold' started by Slimey, Feb 23, 2022.

  1. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,925
    Likes Received:
    6,515
    Trophy Points:
    113
    Location:
    Sydney
    As gold and silver go up, the AUD is matching the rise so Aussie prices have been static for a couple of days.
    There will be a point where the USD will rise and the AUD will slip accordingly. There will be a short window where metal will rise quickly. Whether there will be an opportunity to sell on this rise it depends how quick you move. For as sure as night follows day, the forces that raise the USD will crash the metal price.
     
    sgbuyer and Shaddam IV like this.
  2. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,607
    Likes Received:
    4,392
    Trophy Points:
    113
    That'll be the market.
     
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    By that, do you mean a stock market crash?
     
  4. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    2,649
    Likes Received:
    3,019
    Trophy Points:
    113
    Location:
    Melbourne
    Interesting timing for Ray to drop this one. Clever ending.

     
    Shaddam IV likes this.
  5. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,925
    Likes Received:
    6,515
    Trophy Points:
    113
    Location:
    Sydney
    No, just the normal ups and downs. The market crash won’t come for a while again, the armament stocks are back up again.
     
  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2019
    Messages:
    3,553
    Likes Received:
    3,397
    Trophy Points:
    113
    Location:
    Colorado USA
    Still looking good for the metals. Hope everyone is on the train before it leaves the station! Toot toot!
     
    heartastack likes this.
  7. Slimey

    Slimey Well-Known Member

    Joined:
    Jul 20, 2019
    Messages:
    307
    Likes Received:
    383
    Trophy Points:
    63
    I should post more topics like this in the future....because the opposite seems to happen....expect titles like "Bull run over for gold" etc, etc,
    I will be doing us all a favour.
     
  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2019
    Messages:
    3,553
    Likes Received:
    3,397
    Trophy Points:
    113
    Location:
    Colorado USA
    Hahaha thats funny man.
     
  9. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    There ya go...start the "George Costanza Opposite" thread where SS members can make economic and PM price predictions and we then all pile in and do the opposite. :D

    [​IMG]
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Gold is going to break $2000. My advice, don't take ZH too seriously. It can make you lose money. ZH had been spreading the "there is no war" propaganda since Dec when the author knew war was going to happen.
     
    BlackSheep likes this.
  11. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    its been less than a month, it bounce right back up again
    it seems the Ukraine situation is creating a lot of nerve wracking decisions people panic and dumping everything, but the ugly part in suspending the ETFs and buying them for pennies and including them on the sanctions lists, if one has that...lucky to be getting cents back. well not going to continue too long, so it will NOT GET DELETED for OFF fucking topic again
     
  12. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    Even with an appreciating AUD v USD, it can't stop the rise in AUD Au price with USD gold price outpacing AUD exchange rate. If the AUD was where is was back late Jan 22 at circa 0.70, we'd be near all time AUD price highs but that's just an observation.

    Can't see the AUD coming off the boil for sometime given the rise in USD denominated receivables coal, oil, gas, iron ore prices and opportunity for Aust exporters of same to lock in some forward FX contracts to cover same to take advantage of price hikes...so the track to an AUD Au all time high I suspect will be longish one and still plenty of time for USD Au price to reverse if Putin pulls his head. If that happens, I think the decline in the USD Au price will way out pace the AUD decline against USD, thus then the whack down....Now I've said that...do I employ the "George Costanza" principle??:D
     
  13. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,607
    Likes Received:
    4,392
    Trophy Points:
    113
    I’ll just ban you instead for foul language so pull your head in and stay on topic.
     
    heartastack likes this.
  14. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,925
    Likes Received:
    6,515
    Trophy Points:
    113
    Location:
    Sydney
    Can’t you just move him to JOTD?
     
    adze67 and mmm....shiney! like this.
  15. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    Interesting AUD Au chart right now...where this goes...higher highs or breaks back to the lower highs trend line...toss a coin or call Putin.

    upload_2022-3-7_21-22-2.png
     
  16. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    5,340
    Likes Received:
    3,450
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    gold surely taken a whacked!
     
  17. Acorn

    Acorn Well-Known Member

    Joined:
    Dec 22, 2012
    Messages:
    407
    Likes Received:
    445
    Trophy Points:
    63
    Location:
    Australia
    .

    156ECB7B-6ABD-485B-B064-C7EA6C7CBDA3.jpeg
     
    madaw1 likes this.
  18. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2019
    Messages:
    3,553
    Likes Received:
    3,397
    Trophy Points:
    113
    Location:
    Colorado USA
    Its finally in the 2ks here in the states. Im not used to seeing that so it looks weird to me.
    Im sure ill adjust!
     
  19. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    Overnight Aust high of AUD2850.............

    Silver even touched AUD37 overnight before retracing.
     
    Shaddam IV likes this.
  20. Slimey

    Slimey Well-Known Member

    Joined:
    Jul 20, 2019
    Messages:
    307
    Likes Received:
    383
    Trophy Points:
    63
    You can all thank me.......I haven't been this excited in gold prices for a long time....its like the old days of stackers before the first run up in gold prices.....great days....of course followed by a lot of not so great years....or should I say a decade....or about 1/7th of my life....now I am depressed.......It has taken over 10 years to get back where I started from......Perhaps I should have invested in Pokemon cards during this time...hmmmmm...............back on track....keeping on the theme.....Gold to get totally and completely whacked this year.....see if that works.
     

Share This Page