Yep, came across the Twitter feed. He gives me the heebie-jeebies, though. It feels like the old saying about gazing into abyss and the abyss gazing back.
Real life emperor palpatine? What he said kept me thinking what the oligarchy is up to to make sure Trump is a "temporary phenomenon". The blm coup didn't work, has become a big joke outside of the US, although it succeeded in spreading the virus. If they are looking to crash the stock market, it might be another chance for us to backup the truck on silver and miners?
Ohio police and firefighter pension fund to allocate 5% to gold https://news.bloomberglaw.com/employee-benefits/ohio-pension-fund-adds-gold-allocation-to-hedge-risk-inflation
Lets see if Gold will finally cross the 2,700 AUD threshold before close & stay there. She's tried a few times over the past 6 weeks but failed to find her way.
I think gold is going to take a dive soon. And it's hard to believe to many, but this needs to happen. If they find a vaccine, it is going to make things a lot worse. Already, electric cars are going to be mass-produced, this reducing the need for oil. The pandemic has already slammed down the demand for gold and also affected the price. I think gold's price will be hammered (also due to manipulation). The US elections, the monetary easing, the pandemic's effects on the economies (economic growth, unemployment, industrial production, investments), as well as the demand and price of oil and whether they find a vaccine or not are the main factors that I think will determine gold's price this year and next year. I wonder whether the 2013 gold price drop scenario will happen. Perhaps it won't go down that deep, but perhaps it could dive to the 1,600's. What do you think?
Recession.................................................................check. High unemployment/under-employment.....................check. Global health pandemic.............................................check. Think I'll hang on to my gold/miners for the time being
If the bad trends continue, gold will slam 3,000 $. I think we could get to 3,000 $ next year. But if they find a vaccine, then economies will start opening up (and I wouldn't mind). Getting our lives back would be far more important. I just think we're ahead a deeper correction. Then, it will go to 3,000 $ in 1-2 years max. I wouldn't mind 10,000 $
I think $1600-$1700 is as possible as $2300. As long as your cost price is $1500 and below, you should be safe. I'm not buying gold for the time being as there are better deals elsewhere, albeit more risky. Silver might be a play for ESG although a little overvalued presently.
Buying/selling physical is far more difficult now that the pandemic is spreading wilder. The US elections are coming soon (November 3rd), that could possibly boost gold. Depending on the results & implications (riots, political scandals)... some say it's a "reality show" anyway. What do you think, is there a candidate that could beam gold upwards and one that could bring bearish trends? I think regardless, gold is set to go higher (UNDER CURRENT CONDITIONS), so that means the current correction is just "uncertainty"... earlier I think I saw a "triangle" shape on the charts anyway...
Perhaps Trump will be better for gold since his trade war started the gold rally last year, while Biden will be good for silver if people play the ESG for renewables. If Biden wins, Silver will do better I guess? A contested election, however, will be good for gold, and bad for stocks. And if there's war, it will also be good for gold. Quite a couple of analysts say the bottom for gold has been established so we'll be going up. Again, analysts had been wrong, i.e. Q3 2018, but I'm more bullish than bearish for now since I think Trump will win, or there it will be a contested election. After the March meltdown, I'm starting to see all asset values as relative to each other, and appreciate liquidity. Silver was much cheaper than gold for a couple of days, GSR over 100, but since we stack physical, it won't be so easy to liquidate it and buy SLV or stocks. With the pandemic, it might be more difficult to sell gold if there are lock downs as it is happening in Europe. If another March like deflationary event happens again, I'm open to selling some gold to buy either silver or stocks as the upside for both will be much better than gold.
Where do you think the price will go after the US elections? Up or down? "Confident" speeches after someone wins the elections and "great promises" should theoretically empower the dollar. But I'm unsure now, because there are so many variables. The current "indecisiveness" on the gold market could be the "silence before the storm", which could propel gold higher. Or, it could crash like in 2013. What do you guys think? Is this good timing (pre-US elections)?
No matter who wins the same policies will continue which are good for pms. Print print print. Promises of yuge world famous trade deals or unending stimulus might affect the price a few bucks either way but it doesnt matter unless you're a flipper. Dont pay attention to that anyway. When they pump another paycheck to everyone the price will go up again rest assured. There wont be a vacc until the crash is complete, we all know it's a ways off still. The economic crash and reset must be blamed on the flu or they lose trust. This part is the most important part of it all. A vaccination could be years away, or decades.
The precious metals seem to be on a bit of a tear at the moment with silver leading the way. If this continues it might not be such a bad Christmas after all. All we need now is for the aussie peso to take a bit of a dump and happy days will be here again. Feel bad for those who were selling silver at low $30s and gold at $2400. I love this precious metal manipulation to the upside Bring it on I say!
I didn't know you lived in Ninbin too alor! Is Pulau Alor an exclusive part of that town? I myself only spent a short time in Ninbin, the pot smoke nearly everywhere drove me out after only a few hours. It was high but not Golden High ( if you know what I mean )
No need to be ashamed of where you live @wrcmad, we all have to start somewhere. @alor tells me he has some leftover lobster you can have if you come to your senses.
