2020 Collapse

Discussion in 'Markets & Economies' started by TreasureHunter, Dec 8, 2019.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    YES!

    That's how this is working. I noticed this back around 2015-2016 by watching the charts.

    They are just moving from asset to asset. Right now I think gold is going lower. Dealers have started selling at "Black Friday" discounts (just a bit above spot) and they have plenty of stocks, as I see. Last year they had low stocks and prices were too high above spot.

    Either president becomes the next president of the USA, there will be turmoil in the US, which will keep gold at a decent price level. But if gold's price sinks sub-1,800 $, then the correction ain't over yet.
     
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  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Throughout the plague, locally there was only a small spike in gold premium of maybe 1% or so, with the exception of BS, but BS is ripping off buyers from the West. A couple months ago, I noticed that gold sellers on Chinese ecommerce sites were selling 100g gold bars for like 2% over spot price. If you consider the commission that the ecommerce sites charge, the merchants are getting way below spot.

    People who bought at high premiums a couple months ago, be it gold or silver maybe dumping their bullion to put into Bitcoin. As usual buy high, sell low. But at the same time, Asian buyers come out whenever gold drops to $1850 level. At some point, an equilibrium will be reached, be it $1700 or $1800. Barring the possibility of another geopolitical event or some new virus, which is almost guaranteed if Biden or Kamala becomes President because he needs a crisis to divert attention and hatred they created to target Trump. Even if Trump is no longer around, the hate remains.
     
    Last edited: Nov 15, 2020
  3. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    My mom said yesterday that she was going out to clean up leaves around her yard and there was cars lined up for blocks and blocks for a free food giveaway.
    She said every week they use the parking lot of a church to unload the trucks and people wait hours and hours for free food.
     
  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Looking at the local forums, everyone now talking about the "Dominate software".
     
  5. shinymetal

    shinymetal Well-Known Member

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    Do you mean Dominion?
     
  6. alor

    alor Well-Known Member Silver Stacker

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  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    If they can't afford a Tesla, they should be riding a bicycle instead of driving a car. The billionaire in your country deserves clean air and no "climate fires".

    https://www.cnbc.com/2020/11/16/jeff-bezos-names-first-recipients-of-his-10-billion-earth-fund.html
     
  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    War on covid. War on climate change.
    Lots of invisible future boogeymen coming.
     
  9. hardyakkagold

    hardyakkagold Well-Known Member

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    It's a pity the war on common sense and decency was lost a long time ago, all these other "wars" are just scams manufactured for the blind sheeple.

    The precious metals seem to be still stuck in the rut, so lets talk about something more exciting like the stock market.

    I wonder when the Dow will hit the magical 30,000 will it be tonight (only 180 points to go) or will they delay the climax for another day?
     
  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I just sold all my stocks for a nice profit a few minutes ago. I'm out of that for now. Getting a little crazy for me and I'm taking my beans off the table while I'm ahead.
     
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  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    do-minions

     
  12. alor

    alor Well-Known Member Silver Stacker

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  13. alor

    alor Well-Known Member Silver Stacker

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  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Looks like Topeka Kansas, my home sweet home.
    Also known as "a great place to grow potatoes" or the armpit of Kansas.
    Things not so good there I hear.
     
  15. TreasureHunter

    TreasureHunter Well-Known Member

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    This is a paradox, I've always found the USA a bit schizophrenic:
    - they have no money for food, but they can drive their way to get the free food give-away (unlike in Europe: if you have no money, you certainly have no car!)
    - the economy is going bad, "no problem: we'll print stimulus give-away money" (unlike in Europe: if you have no money, you end up on the streets!)
    - in American soap-operas if someone gets mad and moves out of the family home, they just move to an expensive apart-hotel and stay there for months (even if they have no job)
    - countless American bloggers and vloggers "go bankrupt", have no money, but no problem: they'll set off on a trip to around the world :D (in Europe if you have no money, you certainly can't travel :D )
    - the poorest and the richest American both live on credit :D
    - Kiyosaki gives "great advice" on how to get rich, but yes: you have to use credit to your advantage :D
    - the US is supposed to have the strongest economy in the world, yet: it has more homeless and more people dying of hunger than Europe
    - in America, you can spend more than you have! :D
     
    Last edited: Nov 19, 2020
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  16. alor

    alor Well-Known Member Silver Stacker

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  17. JulieW

    JulieW Well-Known Member Silver Stacker

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    Good idea.

    About 3 years ago I read a pundit - forget who, but one of the 'names' - who explained why the stock market bubble was nowhere near its top and that top will be somewhere near 30,000 after a ....... well something that looks like this:


    [​IMG]

    Which would also look something like this:

    [​IMG]

    So well done JohnnyBravo300. You may have chosen a good time to exit.
     
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  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I think you need to revise your theory that the US is sabotaging Europe. I believe that to be case previously, but now we know the minions are operating from Spain, Serbia and Germany. Seems that it is more complicated than that you and I think. Dark elitist forces in Europe and possibly the UK might actually be controlling American politicians and their actions.

    It shouldn't even be surprising since the self-destroying immigration policy and green movements originate from Europe. I read that the European royalties started WWI to hold onto power, and we know that they failed. So I guess creating civil war to hold onto power isn't new.
     
    Last edited: Nov 19, 2020
  19. TreasureHunter

    TreasureHunter Well-Known Member

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    Your affirmations here sound like a joke. No offense, but are you really saying this in a humorous way?

    "Dark elitist forces in Europe and possibly the UK might actually be controlling American politicians and their actions" - who, more exactly, who are those Europeans who are influencing the USA? It is always the US stepping on Europe with their "foreign policy".

    "we know the minions are operating from Spain, Serbia and Germany" - who are these "minions" and what are they doing?


    But yes, it's a self-destroying immigration policy and the fake green movements indeed originate from Europe. It's a Western European wild liberal-colonialist recipe.

    WWI is very complicated. The entire European continent is terribly divided, there's more ethnic hate in Europe than on the American continent.


    What I see is:
    - the US has the interest to divide Europe (the US' biggest competitor) and make it poor, this is why they are creating the EU vs Russia, the EU vs UK and the EU vs Turkey divides... there are problems, but the US is always there to make the hole bigger
    - the US made sure that Germany doesn't do to much business with Russia (for around a century, this was the biggest "taboo" for the UK, USA and French: to keep the two apart/split, to hinder them from collaborating - Hitler and Stalin were two psychiatric cases who initially did indeed collaborate), but the US also hates any "normalization of relations" between Russia and the rest of Europe, keeping the conflict and hatred alive
    - the UK is the "little USA" in Europe, they always were a bit "outsiders", so in a way they're closer to the USA
    - the migration madness originates in the EU (France-UK-Germany-Sweden-etc.), this is not the "division" that I was referring to
    - Western European colonial powers are in decline (UK-France-Spain...) and they're crumbling from inside (see riots, illegal migration, spreading poverty, identity politics, economic decline, gradual downturn of economic and military influence in the world)
    - the USA is developing relations with Eastern Europe instead of the west (the easterners become the US "puppets", while the western colonial powers are declining)
    - the US-Turkey relations are very bad, which is impacting Europe (this is due to the Russian-Turkish-US triangle, rather than Turkish-European relations)
    - the US would hate to see China develop deeper economic relations with Europe

    The US today is like a colonial power back in the early 20th century. It is in decline and it's putting sticks into the spokes of the wheels of other great powers (or "wannabe powers").

    The EU could have been the "great power of the 21st century", but their eurocrats were too dumb and colonialists, who built a soviet-style dictatorial centralized powerhouse. The new states (see Hungary, Slovenia, Poland are rising up against this...).

    The EU is very multilingual with many historical differences, conflicting economic interests, buried ethnic problems and the western powers are treating the smaller eastern states as their "new colonies". Central Europe especially, is very EU-skeptical.

    The EU has no leader, has no accepted central authority (everyone hates Brussels), they are divided, they have no direction, the concept is too "sovietic". The EU will never become a "great power". It's a madhouse crap salad. And if the British left, the Greeks wanted to... I don't see why others wouldn't want to?


    Brezhnev: "komrade, I vont to tok to yurop, whom do I koll?"

    [​IMG]
     
    Last edited: Nov 19, 2020
  20. TreasureHunter

    TreasureHunter Well-Known Member

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    Gold price ‘death cross’: Sharp drop signals are flashing warns Gary Wagner
     

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