$2600 Gold

Discussion in 'Gold' started by slavaja, Feb 24, 2020.

  1. JOHNLGALT

    JOHNLGALT Well-Known Member

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    "Actually doesn't matter if fake"
    Actually it matters to me if my news is FAKE. How can anyone make investment decisions on 'FAKE NEWS'? If the DOW JONES index goes up because of a lower Dollar, then that is a *FAKE RISE, which comes about because the newly invented Dollars are worth less. *You are only getting larger numbers, which the Government will TAX. Understand the 'MONEY GAME' yet? _JLG.
     
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Perhaps it's more of a prayer than a prediction then
     
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  3. whay

    whay Active Member

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    Stop listening to all the broken records who were always wrong.
     
  4. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Never said I listened, believed nor cared.
    All chicken lickens and JohnLgalt muppets reading zero hedge hiding in their mums basements for the end of the world to come
     
    Last edited: Feb 28, 2020
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  5. minimilled

    minimilled Active Member

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    USD will own AUD next few years like a boss
     
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  6. 66rounds

    66rounds Well-Known Member Silver Stacker

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    It will own most currencies, to the detriment of every living human being.
     
  7. slavaja

    slavaja Well-Known Member Silver Stacker

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    I just hope Aud doesn't sink much more than 50 cent because we do import a lot of stuff. Depreciation is like taking a pay cut.
     
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  8. minimilled

    minimilled Active Member

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    Back when AUD was 50c USD it was mainly things in USD that mattered. It was nothing like the 80s when there was no chance of buying a twinkie.
     
  9. Ag bullet

    Ag bullet Well-Known Member

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    just bought 2oz. where's my thanks for making it drop $100/oz?
     
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  10. pennys

    pennys Member

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    I see you are new to finance :) May I suggest the writings on John Maynard Keynes Esq. ;) He infact was one of the best share traders, using behavioural economics and game theory before these terms were invented.
     
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  11. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Well, that was a fun week, wasn't it? Physical holders of Precious Metals got to see a rise & fall in the quantity of 'FIAT' they would get if they had to sell any for any reason. Personally, I don't have to go into their 'Paper Ponzi Game'.
    At the end of the week, those of us who held onto our Physical still have the same weight, same purity, & can sleep soundly at night.
    However, those who play in the 'Paper & Digital CASINOS' & sold some of their make-believe money will have lost some of it, or their share in a company. _JOHNLGALT.
     
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  12. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Your lack of understanding of basic economics/trading is quite astonishing.
    Those that sold Thurs could buy MORE weight today and sleep even more soundly you gibbering monkey.
     
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  13. Ag bullet

    Ag bullet Well-Known Member

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    JLG- olivia used to be my Avatar on the older forum, hence the "let's get physical" signature. don't know how to put her back as my avatar.
     
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  14. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Stick around & I'll see if I can help.
    I'm only drinking anyway, so I'll see what I can do.
    It should help other people on here to get an AVATAR as well.
     
  15. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Well here we go @Ag bullet if you have trouble reading it copy it into WORD, or PAINT & increase the size of my instructions until you can read it. GOOD LUCK.
    FOR AG BULLET AVATAR.JPG
     
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  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Uploaded in this chart to show the steepness of this plunge.

    Pretty crazy just to spike only to plunge back. Not sure what to make out of this?

    Saw more youtubes. My conclusion is this maybe a sign for what is to come. Gold doesn't break like this. If people have to dump their hedges, might be something really serious happening behind the scene?

    [​IMG]
     
    Last edited: Feb 29, 2020
  17. pennys

    pennys Member

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    People panicking and running to cash. Selling everything including gold ETFs. Physical gold that was backing paper is sold too. Physical gold market is very thin and it's not an easy order to fill without major slippage ???
     
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  18. 66rounds

    66rounds Well-Known Member Silver Stacker

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  19. SilverDJ

    SilverDJ Well-Known Member

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    Yeah, nothing to do with the fundamentals of gold really. When they had to cover other investment positions that plummeted they were forced to offload their gold quickly at any price to drum up the cash, driving the price down. Not that it would have bothered them because they have made huge gains on gold recently.
     
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  20. slavaja

    slavaja Well-Known Member Silver Stacker

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    Dead cat bounce?
     

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