How deep will gold's correction go?

Discussion in 'Gold' started by TreasureHunter, Mar 6, 2021.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    Interesting to see that gold is dipping now. Has been since the Russian withdrawal of troops.
     
  2. TreasureHunter

    TreasureHunter Well-Known Member

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    Looks like it was just a show of force.
    I think they would need a lot bigger force for a real invasion and they would have tremendous losses for such a senseless act.

    I also think this was a test for the Russian radars and other equipment. Especially if there were F-35's flying around. They probably tested their detection equipment.

    I am curious now whether the NATO forces will stay in position or, how many will leave (if they will leave at all).

    My next guess is that they will use the show of force vs Turkey next time in the Eastern Mediterranean. France and Greece are already doing that.
    Turkey is getting so much pressure that some are already speculating it might leave NATO. This is weakening the alliance and Turkey actually has the 2nd biggest number of troops (2nd only to the US) with as many troops in total as the UK+Germany+theNetherlands.

    With the US/France/Greece and recently Italy pushing Turkey away, they might actually end up weakening the alliance.
     
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  3. tater

    tater Active Member

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    I just find this interesting. Here in the US mainstream media doesn't even talk about this. Shows how corrupt the US media has become.
     
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  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    There's no NATO force, at least from what I've read. Not a single soldier or ship. There might be surveillance planes flying over Ukraine to spy on the Russian buildup.

     
  5. TreasureHunter

    TreasureHunter Well-Known Member

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    There are countless international forces in the Black Sea. Ships, helicopters, fighter jets. Including the British.
     
  6. alor

    alor Well-Known Member Silver Stacker

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    it there is any attack at all, no ship will foat anyway
    they won't last an hour
     
  7. TreasureHunter

    TreasureHunter Well-Known Member

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    Yet, some people still dream of becoming sailors :D
     
  8. alor

    alor Well-Known Member Silver Stacker

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    the ships in Caspian sea can cover half of the black sea
     
  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Yes, but I'm not surprised at all. What's surprising is that even ZH avoided the issue at the beginning. The Russian bias has become too obvious so they probably started covering it.
     
  10. PMCollector

    PMCollector Well-Known Member

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    There she goes! Close above 1800 bullish AF
     
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  11. heartastack

    heartastack Well-Known Member Silver Stacker

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    Cracker!
     
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  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  13. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    Gold now up $144 USD ozt in exactly two months. Hoping the trend continues.
     
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  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Gold rebound confirmed. I don't think we'll see $1600+ price any more. Wars breaking out everywhere, the trend will intensify as more countries become vaccinated.

     
  15. alor

    alor Well-Known Member Silver Stacker

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    tighten importation on metals at customs
    afraid of tax evasion
    increasingly silver are being sold at the same price eg A$41/oz USD41 and SGD41 :eek:
     
  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Bitcoin peaked in mid-april...
     
  17. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Forget about the sHitcoin @sgbuyer, it is on its way down to a 95% retracement of value.

    Can't we have even one gold thread without dragging that vile thing into the conversation?

    Speaking of gold, good to see it back at the $2400 level in Aussie fiat again.
     
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  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I'm not adverse to bitcoin, so I'll buy maybe a couple oz gold coin's worth at 5% of today's price, but it's obvious that a rising gold threatens bitcoin.

    It also looks to me that gold is pulling silver along.
     
  19. TreasureHunter

    TreasureHunter Well-Known Member

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    Watch how gold will climb higher as cryptos collapse!
     
  20. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    ^^^
    me likey likey
     

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