Gold to get whacked tonight

Discussion in 'Gold' started by Slimey, Feb 23, 2022.

  1. Slimey

    Slimey Well-Known Member

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    I am noticing something today that I saw recently and in the past. The price of gold is steady/rising overall and then Australian gold stocks are sold off heavily. I saw it a few weeks ago on a Monday when gold was steady and there was no reason to sell off stock. Guess what happened Monday Night?
    Same thing seems to be happening today. Gold has been rising steadily but this is not being reflected in gold stocks. Newcrest is currently down over 3%. The overall market is up. Something stinks here.
     
    Shaddam IV and dollars like this.
  2. dollars

    dollars Active Member Silver Stacker

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    Shake the tree

    See if any loose hands let go

    Regular trading opportunities if you have the stomach for it

    Cheer$
     
  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    @Slimey, you don’t think it was just geo-political tension causing insecurity in the share markets?
     
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  4. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Interested to watch the price charts and see if you are right!
     
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  5. neonuke

    neonuke Well-Known Member Silver Stacker

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    nothing to see here, the senile old bastard can't even decide the criteria for whether Russia has 'invaded' or not.

    expect more sabre rattling and the West saying (lying) about them having 'intelligence' that Russia is going to invade.

    Russia has already achieved what they want - Ukraine is destabalised and piss scared to join NATO or the EU.

    Brandon is like playing chess like a pigeon shitting all over the board, Putin is make all the necessary moves.

    Western sanctions on Russia like cutting off the Nord Stream II will bite Europe in the arse when they freeze their balls off in winter without Russian gas.

    So for now, just more volatility in risk-on assets until the sabre rattling subsides, at which point gold will drop back a little bit.

    Russia won't invade, Ukraine remains scared of joining NATO & EU, US & Europe go back home to find the next bad guy to hunt down.
     
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  6. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Bingo.
    I'm actually sick of the subject, when I get talking to people they always bring it up.
    o_O
     
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  7. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    I'm starting a rumour.
    Canadia is going to invade the USA sometime next week.
    Maybe the next century.
    But they will I'm telling you now. :)
     
  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    On horseback?
     
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  9. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Tom a to
    Po ta to
    All tastes like chicken
    Maybe on camel back.
     
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  10. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    I heard this too… bu more likely AUS invades US…we had done so with OSCARs…
     
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  11. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Next one is
    Where ?
    Are they going to invade next ?
    At lest India is safe ;)
    Maybe Texas as they barbeque so much :p
     
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  12. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    not sure why ppl worried a bout gold plunges….. but not BTC….:confused:
     
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  13. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    BTC is volatile so swings of 20 - 40% are expected, though not always welcome. The market is not the most rational place in the world at times.

    Gold on the other hand is fairly stable so the expectation is that it shouldn't deviate in price too much. When it does that either gets a sector of the gold community euphoric or despairing and scrambling for answers that may not actually exist.
     
    Real $ likes this.
  14. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    going down…..

    Ground lvl…..

    Basement lvl….

    B1 lvl….

    B2 lvl…

    [………]

    :(:(:(
     
  15. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Gotta love the pessimism that always abounds when Au declines a tad....I'm still happy with the AUD130 oz (5%) appreciation in value since 1 Jan 2022. It's going take a near AUD400 oz drive by to even get back to March 2021 levels.
     
  16. BlackSheep

    BlackSheep Well-Known Member Silver Stacker

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    Well it got whacked, UP! Back over 2011 high today, we live in interesting times (ancient curse)
     
  17. Tactile

    Tactile Member

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    I'd be watching the price of Tungsten & Depleted Uranium. :(
     
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  18. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Whacked up hard id say. Woop woop!
     
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  19. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    its escalating in the Ukraine
    Put your selt belts on for the ride up
    Silver is also responding
     
    Last edited: Feb 24, 2022
  20. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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