me too We all make some mistakes from time to time even you,and I have never felt "pumped" as you put it always taking 100% responsibilty for my buying habits. If you don't like Ainslie Bullion just say so :lol: isn't there bigger things to complain about like the new president of the United States Mr Donald Trumpet :lol: Why don't you cool off abit and - Buy Some Gold
Why would I complain about Trump being president? I reckon it's gold. Finally US politics may be a bit interesting. :lol:
Exactly. With Clinton you knew it was going to be (corrupted) business as usual. Now there is a new kid in town. People can speculate all they like as to what is going to happen now but we are now entering the unknown. Good or bad? Who can tell......we will discuss further in 4 years time.
Or something else......I keep getting the nagging feeling that the current U.S. dollar up/ gold down relationship is about to end..... There you go...I have both ends covered....
Wow that was a fast drop. We should have never doubted you. I'm hoping to pick up a gold 1 oz at $1200 even soon. That would be nice. About $1250 right now on ebay. I did get a 100 oz silver Johnson Matthey Poured bar today at $17.84 an oz. [youtube]https://www.youtube.com/watch?v=c3sOuEv0E2I[/youtube] *youtube doesn't work on here?Try this: We're not worthy
So I thought a trump win would mean shares down, gold up. Completely wrong. I'm starting to think that it's impossible to predict. .
It is going to be the complete opposite. Trump is bad for gold and silver but will be great for stocks and the country. He will build jobs but decree. I suspect he will make it worthwhile for companies to stay in the states and employ locals and make it incredibly difficult for them to just ship and set up overseas. USA industry should BOOOOOOOM under Trump and the only "victims" will be the likes of Mexico and South America and i can not see to many Americans crying about that. I believe he will focus on HOME issues and if he does 1/5 of what he has said then USA will walk of any industry that tries to employ NON AMERICANS. I think he will make nice with Russia and should see sanctions end within 30 days of swearing in and then he will most likely take strong economic action against China . Going to be a strange new world me thinks and i look forward to buying lots of CHEAP CHEAP CHEAP gold and silver in the next few years.
Trump is going to be a big spender, big builder and tax cutter. Lets get some perspective Record US government debt increasing big time Jobs increase more money in the average man's account Average man spends money feels confident Investment in US infrastructure and military ... ummm money velocity increase big time Isn't this what the hyperinflation crowd have wanted all along? Side note this is (or could be) exactly what Hitler did trying to get Germany out from under its troubles pre wwII. Im not saying Trump is Hitler, Im saying Trump is doing what has done before The debt is going up not down - how is that debt going to be serviced? How is the debt going to effect America I see this as the first step in a big bubble of debt and stock market prices. The 2010 gold narrative is stronger now than ever
It remains to be seen how much he can do but if does manage to ramp up spending on infrastructure than yeah inflation will finally come.
You know, I want to wait until gold breaks 1,200 USD/oz and see what happens then. If the trading volume on GLD surges, I will close my GLD short position.
GLD @ 116........ leon is looking good this time.......so that is +1 he has a call within a call here....out at gold 1220 so if gold has an upwards retracement leon could end up +2 here. From the outside looking in here......no judgement.
With all of my many many years of experience buying,selling,living and breathing (to many peoples disappointment) :lol: my very favourite yellow metal being GOLD seems to have found the bottom being $1620.00 AU and I am happy with that expecting much more turmoil soon enough
I think at the current low prices supply will decrease. Real demand in physical gold seems strong with governments buying up. So I don't understand why the current prices have dropped. I can't see it staying this low.
With low prices supply will increase as mines target higher grade ore to make ends meet. Very few mines have flexible cost. Cost doesn't fluctuate much other than overtime and fuel. If the mine cost $1million a day to operate they need to dig a million dollars worth of ore, regardless of the spot price to break even. Compound that by owners (shareholders) wanting a dividend the mine most likely will "work harder" increasing output. Of course no new mines will start up but operating mines will increase output. Reducing output doesn't mean you pay your employees less for a normal day of operations for example. Maybe lower recycling activity but the fall in recycling will be matched or surpassed by increased mining output.
