Gold Just Hit AU$2,000

Discussion in 'Gold' started by GoldenEye, Jun 20, 2019.

  1. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    1,589
    Likes Received:
    462
    Trophy Points:
    83
    Location:
    Country Victoria Australia
    Yep, Something lost in translation.
    WINK..JPG
     
  2. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,708
    Likes Received:
    417
    Trophy Points:
    83
    Location:
    Australia
    I am guessing spell correct

    "before the reset in gold, the gold owed must be fully settled in specie"

     
    GoldenEye and jultorsk like this.
  3. mrsilverservice

    mrsilverservice Well-Known Member

    Joined:
    Feb 10, 2019
    Messages:
    662
    Likes Received:
    280
    Trophy Points:
    63
    Location:
    North of Tasmania
    Gold is back under $2000.00 at $1986 :(

    I expect it will fall further when the US market opens later tonight,it looks to me like the US and China smoking the trade war peace pipe is to blame :confused:

    Don't they know that smoking is bad for your health :D
     
  4. mrsilverservice

    mrsilverservice Well-Known Member

    Joined:
    Feb 10, 2019
    Messages:
    662
    Likes Received:
    280
    Trophy Points:
    63
    Location:
    North of Tasmania
    The Reserve Bank is meeting tomorrow with most expecting a rate cut which should help the AU helping Gold :)

    The times we live in are very volatile :eek:
     
  5. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    1,738
    Likes Received:
    1,439
    Trophy Points:
    113
    Location:
    Oz
    It's surprising the AUD has increased in value back above 0.70 in last few days as markets would have factored in a rate cut already.
     
  6. Izablenter3

    Izablenter3 New Member

    Joined:
    May 30, 2019
    Messages:
    17
    Likes Received:
    8
    Trophy Points:
    3
    This is an interesting thread. I learned a lot and will come back to share more.
     
    sgbuyer and Oddjob like this.
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    831
    Likes Received:
    304
    Trophy Points:
    63
    Location:
    Singapore
    Usd weakened against major currencies last few days. I’m thinking of early terminating my usd term deposit. The next couple of weeks might be the last chance to buy gold and silver cheaply?
     
    Last edited: Jul 1, 2019
    leo25 likes this.
  8. Davros10

    Davros10 Active Member Silver Stacker

    Joined:
    Aug 6, 2014
    Messages:
    297
    Likes Received:
    78
    Trophy Points:
    28
    Location:
    Canberra
    Elliott Wave pattern points to AUD starting a 3rd of a 3rd down, which can be aggressive. Maybe mid 60's within a couple of weeks.
     
  9. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    6,847
    Likes Received:
    967
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    gold annual production is less than 3000 tonnes

    so the order of few thousands tonnes alone, which is not a very huge number in the paper money world today

    it's taking some more time to make good of those gold bars, tungsten not included

    so there is a language of manipulation

    back to the futures of prices again, palladium and platinum are both up, yet silver and gold get the hammer again

    [​IMG]
     
  10. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    1,589
    Likes Received:
    462
    Trophy Points:
    83
    Location:
    Country Victoria Australia
  11. prospect

    prospect Active Member

    Joined:
    Mar 22, 2019
    Messages:
    102
    Likes Received:
    115
    Trophy Points:
    43
    Location:
    Melbourne, Australia
    I see on Silverdoctors that Egg on von Grayerz has stated that he does not expect the price of gold to
    drop below US$1350 again in his lifetime.
    I guess time will tell if he is correct or if he ends up with egg on his face, like old Jim Sinclair with his never under $1500 again
    gold call from all those years ago.:D
    I would not dismiss the possibility of it going under $1350 again, while we still have the paper market setting the physical spot price.
     
    mrsilverservice likes this.
  12. mrsilverservice

    mrsilverservice Well-Known Member

    Joined:
    Feb 10, 2019
    Messages:
    662
    Likes Received:
    280
    Trophy Points:
    63
    Location:
    North of Tasmania
    I was expecting Gold to be a little softer overnight when the US market opened but it bounced a little which was a pleasant surprise and we have a more than likely a rate cut today from the Federal Reserve down to only 1% :confused:

    If this is the case the Fed has nowhere to go if any cut is needed in the future and I am 100% sure it will need to cut even further :eek:


    The Book of Revelation - Chapter 1 verse 5 & 6

    To Him who loved us and washed us from our sin in His own blood,and made us kings and priests to His God and Father,to Him be glory and dominion forever and ever.Amen :)
     
    prospect likes this.
  13. prospect

    prospect Active Member

    Joined:
    Mar 22, 2019
    Messages:
    102
    Likes Received:
    115
    Trophy Points:
    43
    Location:
    Melbourne, Australia
    Federal Reserve? Don't you mean the Reserve Bank of Australia:D
    Although in a way you are correct, they are both part of satanic Rothschild controlled worldwide central banking scam.
    If they do cut again today for the second month in a row, that tells me that the Australian economy is on emergency life support.
    Something not experienced here since the great depression of the 1930s.
    If my assumption is correct it could mean that the Aussie dollar will fall down to record lows against the US Federal Reserve Dollar.
    in the next year or two.
    I think the record low is somewhere in the .48 cent range, so if that gets taken out then we will have $3,000 per ounce
    gold price even if the US price stays at around the $1400 mark.
    Exiting in a way but also a bit scary as to how bad things might get economically for us all here.
     
    Last edited: Jul 2, 2019
    mrsilverservice likes this.
  14. mrsilverservice

    mrsilverservice Well-Known Member

    Joined:
    Feb 10, 2019
    Messages:
    662
    Likes Received:
    280
    Trophy Points:
    63
    Location:
    North of Tasmania
    and Yes :D

    Nice post,good points and an excellent reason to buy more Gold in my opinion :p


    The Book of Proverbs Chapter 3 verse 5 & 6

    Trust in the Lord with all your heart,and lean not on your own understanding.In all your ways acknowledge Him,and He shall direct your paths :)
     
  15. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    1,589
    Likes Received:
    462
    Trophy Points:
    83
    Location:
    Country Victoria Australia
    .
    https://www.news.com.au/finance/eco...t/news-story/f5488619a9d6008cd4420e3141043e66
     
  16. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    1,910
    Likes Received:
    321
    Trophy Points:
    83
    Location:
    Seedeneey
    On way up again... giddy UP!!!
     
  17. prospect

    prospect Active Member

    Joined:
    Mar 22, 2019
    Messages:
    102
    Likes Received:
    115
    Trophy Points:
    43
    Location:
    Melbourne, Australia
    Good on you bubblebobble, your prodding seems to have done the trick!
    Gold is on a tear once again up over US$1400 and $2010 Aussie as I post at 2 am local time.
    Keep that pointy stick close at hand in case it is needed again.:D
     
    bubblebobble2 likes this.
  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    831
    Likes Received:
    304
    Trophy Points:
    63
    Location:
    Singapore
    Damn, it was below $1390 for only such a short term, not enough time to plan a trip to the lcs. :D
     
    JOHNLGALT likes this.
  19. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    1,589
    Likes Received:
    462
    Trophy Points:
    83
    Location:
    Country Victoria Australia
    More than likely it was Michael from Bullion Now (in Melbourne. Australia) with his early Monday morning rant via BOOBTube that people were listening to. LOL. _JOHNLGALT.
     
  20. jultorsk

    jultorsk Active Member Silver Stacker

    Joined:
    Oct 17, 2016
    Messages:
    257
    Likes Received:
    232
    Trophy Points:
    43
    Likely it was the news Christine Lagarde is to lead the European Central Bank replacing Draghi (and Ursula von der Leyen to be president of the European Commission. replacing Juncker). Lagarde won't be shy to keep printing ad infinitum.
     
    JOHNLGALT likes this.

Share This Page