$3,000 Gold Thread.

Discussion in 'Gold' started by JulieW, Apr 24, 2020.

  1. JNS

    JNS Active Member Silver Stacker

    Joined:
    Oct 8, 2015
    Messages:
    490
    Likes Received:
    117
    Trophy Points:
    43
    Location:
    Traveller, Lives in hotel
    It's a natural thing, gold must have the accounting from so much money supply.
     
  2. Bullion_ron

    Bullion_ron Well-Known Member Silver Stacker

    Joined:
    Apr 17, 2017
    Messages:
    1,071
    Likes Received:
    497
    Trophy Points:
    83
    Location:
    Sydney, Australia
  3. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    2,690
    Likes Received:
    986
    Trophy Points:
    113
    Location:
    Seedeneey
    WE"RE BACK BOYS and GIRLS!!! GOLD to DA' MOOOOON!!!!!
     
  4. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    2,690
    Likes Received:
    986
    Trophy Points:
    113
    Location:
    Seedeneey
    sorry...

    and SILVER to DA' MOOOOON!!!!! TOOO!!!!!
     
    heartastack likes this.
  5. OneDay

    OneDay Active Member

    Joined:
    Sep 18, 2013
    Messages:
    193
    Likes Received:
    65
    Trophy Points:
    28
    Location:
    Australia
    This maybe great and all. But when gold really does go to the moon. I think most people will be more worried about how to survive the coming shit storm
     
    Last edited: May 8, 2020
  6. Bullion_ron

    Bullion_ron Well-Known Member Silver Stacker

    Joined:
    Apr 17, 2017
    Messages:
    1,071
    Likes Received:
    497
    Trophy Points:
    83
    Location:
    Sydney, Australia
    By defending yourself with all your gold in a sock to make a booper
     
    SuprmeLeadr likes this.
  7. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    2,690
    Likes Received:
    986
    Trophy Points:
    113
    Location:
    Seedeneey
    You mean those ppl who bought properties that they couldn't afford... and now can't pay repayments? isn't this what they call 'greed' ?!
     
    66rounds likes this.
  8. OneDay

    OneDay Active Member

    Joined:
    Sep 18, 2013
    Messages:
    193
    Likes Received:
    65
    Trophy Points:
    28
    Location:
    Australia
    No I mean I think the food supply chain is about to become broken in a big way. Survive as in have things to eat.
     
  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,187
    Likes Received:
    1,239
    Trophy Points:
    113
    Location:
    Singapore
    Thanks for the reminder. Time to replenish the food hoard again.
     
    66rounds and bubblebobble2 like this.
  10. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    3,106
    Likes Received:
    562
    Trophy Points:
    113
    Location:
    Treasure Island
    Gold is nearing a triple-top before 2,000 $, it's visible even on the simple Kitco charts:
    (on more technical charts, it looks more like sideways trading, because there's another hump after the 3rd top, yet it looks like gold wants to take a bigger dip).

    [​IMG]
     
    66rounds likes this.
  11. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    1,327
    Likes Received:
    1,009
    Trophy Points:
    113
    Everytime they try to beat it down it comes back stronger.
    Gold is considered indestructible for more reasons than one I guess.
     
    TreasureHunter likes this.
  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    1,327
    Likes Received:
    1,009
    Trophy Points:
    113
    This "best and strongest economy in history" has been very bullish for gold haha.
     
    66rounds likes this.
  13. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    3,106
    Likes Received:
    562
    Trophy Points:
    113
    Location:
    Treasure Island

    Right now, taking a closer look - it looks like a triangle:

    [​IMG]

    Anything could happen after this: drop or... it could go sky high.
     
    66rounds and slavaja like this.
  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    1,327
    Likes Received:
    1,009
    Trophy Points:
    113
    My guess is that gold wont do much until the second wave this fall, and it's a common theme on MSM getting the sheeple ready for it.
    Another lockdown and a final stopping of the economy will be another blessing for the central banks and more destruction of the middle class.
    It's all being prepared for the stage now.
    The sheeple are already stocking masks and toilet paper for the next wave which will be portrayed as much much scarier.

    It will happen just about the time the money printing stops working so just wait.
    My guess is it will happen just after the elections.
     
  15. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    3,106
    Likes Received:
    562
    Trophy Points:
    113
    Location:
    Treasure Island
    JohnnyBravo300: don't you think this a good selling opportunity? Before it takes a dip?

    I think the easing of the quarantine, the small "vibe" in the restarted economy and the "lazy" summer months will bring lower gold price.
    Perhaps it will be a good idea to buy again towards autumn, probably August.

    After this triangle I wouldn't be surprised to see a huge dip.
     
  16. Ag bullet

    Ag bullet Well-Known Member

    Joined:
    Dec 27, 2013
    Messages:
    1,174
    Likes Received:
    874
    Trophy Points:
    113
    Location:
    SE QLD
    that's right after round 2 of super withdrawals. :cool:
     
  17. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    3,106
    Likes Received:
    562
    Trophy Points:
    113
    Location:
    Treasure Island
    What do you mean?
     
  18. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    1,327
    Likes Received:
    1,009
    Trophy Points:
    113
    Yeah spot could drop also in the next big selloff if paper sells big again but physical wouldnt necessarily drop with it and could even go up.
    I didnt know if you were talking physical or paper gold.
     
  19. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    3,106
    Likes Received:
    562
    Trophy Points:
    113
    Location:
    Treasure Island
    Bro, dealers use spot price to determine the price of physical.

    Yes, you can buy expensive physical, but no-one will give you more than spot price.
     
  20. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    3,106
    Likes Received:
    562
    Trophy Points:
    113
    Location:
    Treasure Island
    So, I conclude: this is a good selling opportunity, as a drop might follow. I think it will be a DROP, most likely. Rather than a SPIKE upwards.

    Wave 1 is ending, economies are sloooowly restarting, prolly even more people will take credits (for lack of money)...
     

Share This Page