How deep will gold's correction go?

Discussion in 'Gold' started by TreasureHunter, Mar 6, 2021.

  1. alor

    alor Well-Known Member Silver Stacker

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    when everythings got taken down, we would wonder holding gold would be such a good idea, over exposure would surely kills
    rag doll looking at https://www.instagram.com/p/CL36R3gH0pS/ https://www.instagram.com/p/CL9nRvDHg-j/
     
  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I would like to have it all in silver, upside for silver is much better, but storage is a problem. Another issue is liquidity, if I want to buy stock, gold is easier to offload.
     
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  3. tater

    tater Active Member

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    No he's not the anti-christ. He stays in the basement, eats creamed wheat and reads from the teleprompter. Now the puppet masters pulling his strings that's another story.
     
  4. Peter

    Peter Well-Known Member

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    Why is gold going down anyway?

    Stock markets going to crash.
    Dept is huge.
    They are printing billions into existence.
    Looks like war with China.
    New varients.
    Peter
     
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  5. GOLD1

    GOLD1 Well-Known Member

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    They have to manipulate the gold price. That is their way to make everyone feels confident about their economy. If gold price is high, people do not have faith in their government.
     
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  6. mmm....shiney!

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

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    Because the market is upbeat about a post-pandemic recovery led by the huge fiscal stimulus packages in the US and the vaccines.

    And I reckon it may have something to do with all the talk in the news about inflation as well, coz if they think inflation is coming then they think CBs will raise rates, and because gold doesn't pay a return in an environment of rising interest rates investors would switch to assets that give them a return. I'm speculating there of course.

    BTW, war with China is not going to happen and the stock market is not going to crash.
     
    Last edited: Mar 12, 2021
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  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Biden acting senile. His primary goal now is to keep himself alive and avoid trouble. Because only if he is in office, his son can be free. So it's now print and print, drive up commodities and food inflation. As I mentioned, hyperinflation can be more powerful than nuclear bomb. Unlike ballistic missiles which can be shot down, there is no defense for the hyperinflation tsunami.

    The last round of money printing, unleashed the Arab spring. This time, the money printing is 10x more. Middle East reached bottom and no more energy to protest. Buildings can only be turned into rubble once. Where will hell break loose this time?

     
    Last edited: Mar 12, 2021
  8. mmm....shiney!

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

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    I just had a quick fiddle - and with the charts too - I'm basically completely out of gold now (and silver), if I buy back in it'll be in the $1285 - $1400 USD range.
     
  9. mmm....shiney!

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

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    Money printing has been going on longer than Biden has been in office so it's got nothing to with him. Food inflation will only get out of control if wages increase but production doesn't. Any inflation in food costs is probably to do with the pandemic.

    Hyperinflation is not going to happen in Australia, or the US or even the UK or Malaysia etc because those countries have more than enough capacity to meet demand even if wages rise and productivity doesn't. Singapore? Well it's good at filling swamps.
     
  10. alor

    alor Well-Known Member Silver Stacker

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  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  12. mmm....shiney!

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

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    snip

    https://tsi-blog.com/2021/03/gold-supportive-sentiment-and-bearish-fundamentals/
     
  13. SodaPop

    SodaPop Active Member

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  14. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    London and New York are the worst places to store. Didn't Germany and Venezuela have problems?

    The US literally "stole" the Bundesbank's gold a few years ago. And it took quite a while for them to buy it back.

    Poland could store it elsewhere, like in Switzerland or, in Poland.

    100 tonnes is a lot.
     
  15. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Damn, and double-damn.
     
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  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    No one can predict if war can happen especially if it is decided by strongmen. Why did Hitler invade the SU when he had a good relationship with Stalin. In fact, Stalin could have never imagined that Hitler will betray him. It's illogical. Both men were cruel dictators and Stalin was no friend of the allies. Not to mention that the SU is geographically vast, had unlimited resources and conscripts. If Hitler did not attack the SU, he could be the "emperor of europe".
     
  17. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Short answer:

     
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  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I agree with this, that's why I thought Trump should win, as we will have stability at least for 4 years. The risk of war has increased with his departure.
     
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  19. alor

    alor Well-Known Member Silver Stacker

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    it was planned so that we can have a "COLD" war

    Racial policies of Nazi Germany. As early as 1925, Adolf Hitler vaguely declared in his political manifesto and autobiography Mein Kampf that he would invade the Soviet Union, asserting that the German people needed to secure Lebensraum ("living space") to ensure the survival of Germany for generations to come.

    but before that, would rather not go there
     
  20. TreasureHunter

    TreasureHunter Well-Known Member

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    All ideologies are limiting destructive forms of madness.

    Art is an unlimited form of expressive madness.
     

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