Hands up.

Discussion in 'Gold' started by Slimey, Aug 19, 2019.

  1. Slimey

    Slimey Active Member

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    All those who could stomach a $150 drop in gold over the next few months?
    No, I don't have a crystal ball.....just a thought.
     
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  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    If it happened it wouldn't be the end of the world.
     
  3. stackmans

    stackmans Member

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    I for one would be keen for it. I have money from my tax return but not keen to buy until the end of the year.
     
  4. ozcopper

    ozcopper Administrator Staff Member

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    I actually am expecting a drop of $200+
     
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  5. Slimey

    Slimey Active Member

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    I was only looking at a retest of $1350 but $200 dollars more down from here.....wow. That would be something
     
  6. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I would love to see that. Would be able to buy back in before the next jump.
     
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  7. mrsilverservice

    mrsilverservice Well-Known Member

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    I am calling a push up of $200.00 to well over $2,300.00 :p just to be completely opposite to the "group think" :confused:

    Time will tell who is right :D

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    The Book of Psalms Chapter 90 verse 13

    Return O Lord,how long,and have compassion on Your servants :)
     
  8. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    I'm in for the long haul so will keep accumulating along the way and take the odd hit if price drops as I think in the long run it's gotta way to go...upwards. Thus keep averaging in.
     
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  9. ozcopper

    ozcopper Administrator Staff Member

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    Aussie dollars, not $US
     
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  10. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Whilst we are typing here, gold has slipped under USD1,500.00 and the US markets aren't open yet.
     
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  11. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    A $200 drop would be fantastic! I’m still looking to accumulate heavily short term and need to pick up some doubles of the QB 1/4oz coins... newest design is due shortly so timing would be perfect ;)
     
  12. mrsilverservice

    mrsilverservice Well-Known Member

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    I wouldn't be holding my breath :confused:

    There is only bad news ahead for this world and you have a front row seat o_O so get your pop corn :D

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    The Book of Psalms Chapter 89 verse 11

    The heavens are Your's,the earth is also Your's,the world and all it's fullness,You have founded them :)
     
  13. alor

    alor Well-Known Member Silver Stacker

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  14. aelmsu

    aelmsu Member

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    I'm waiting for it so I can back the truck up!
     
  15. leo25

    leo25 Well-Known Member Silver Stacker

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    I don't expect central banks to start QE talk until November, so until then enjoy the "strong economy" and enjoy the discount metals and more so mining stocks.


    fed.jpg
     
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  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    When gold was at $1300 just not long ago, people say it is too expensive and won’t buy. So now gold is at $1500 and people are expecting a $150-$200+ drop which means going back to $1300. So won’t it just be better to buy at $1300 before the run up?

    If I’m wrong earlier, I’ll just admit it. I was wrong a couple months back and I won’t try to predict gold price moving forward. Of course I won’t buy at the current price either.
     
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  17. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Today's high is tomorrow's low.
     
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  18. leo25

    leo25 Well-Known Member Silver Stacker

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    Very true. Here is a history recap for those who still don't get it.

    1932 $20
    1934 $35

    1970 $44
    1973 $100

    1978 $200
    1979 $450

    2004 $430
    2008 $870

    2015 $1100
    2019 $1500

    2019 $1500
    2021 $2500++
     
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  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The chartists are saying gold likely to push close to $1550-$1600 before correcting back below $1500, and down all the way to $1380-$1400. Can you resist the temptation? My last buy was at $1425 so I should be buying again if it falls below that price level. Or maybe I'll buy GDX instead?
     
    Last edited: Aug 20, 2019
  20. Slimey

    Slimey Active Member

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    Chartists?????????.......I don't refer to anything that technical....I just toss a handful of old chicken bones on the ground and read 'em.
     

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