You're not wrong. Gold is a contrarian trade. The sentiment on gold only 2 days ago was bearish. No one believed that war will break out. I've warned about it, even now, people do not believe and think there will be a quick peace treaty. They keep changing the goal post and can't believe it. Once you start a war like that, it will not end. WWI, WWII, history repeats itself. In both world wars, there isn't a world police man if anyone tries to use that argument.
I know I was wrong but it still confuses me to no end.....NCM down again....gold still above $1900 ...in Aussie dollar terms it is the highest it has been for a long time.....but still no love for gold miners....
Market deleveraging and fear trades will still take the wind out of the miners until the proper bull run begins for Miners (shortly imo)
Ahh there's your problem @Slimey - Trying to make sense of markets will do that. lol The quote "The market can stay irrational far longer than you can remain solvent" is always at the back of my mind
Its making another run and looking good. Glad i sold my cryptos for metals ETFs but still $250 in btc. I dont know why.
Too scared to jump in at the moment knowing everything that has happened in the past and the false moves upwards. War has always proven to be a false catalyst for gold starting a bull run. Has a bad habit of re-tracing all the gains, plus a bit more.....
Are you trading digitally only? I'd be looking more at how thin the trading threads are looking and how bloody difficult it is to get good quality metals even close to spot or with a decent lead-time to delivery. It's time to buy what you can find, imo
I think of them more like gut bacteria. Feed them wrong and you get sick, feed them right and they’re the most important thing for a healthy system. Looking at how people feed themselves for a start I can see where it goes wrong
Fuck it would be great if more (young) people read the teachings of Plato, Socrates and other greats. They could be transported here right now and tell you nothing’s changed in a lot of ways!
I added at around $1900, paper gold and stocks. I assume your base is SGD. In AUD, it's much more tricky as the AUD is strengthening against the dollar.
Right. Just in case the site is not operating properly the tile of this thread is: "Gold to get whacked tonight". The thread on the Russian invasion of Ukraine is over there -------------------------------------------------------------------------------------------------------------------------------------------------------------->
