THE ANSWER is very simple: AFTER US presidential election is over. That will remove the market uncertainty; and the money inflow to precious metals will stop. Especially after Hillary is elected, gold's prospect will be doomed. Gold has a several years' headline resistance @1,400 usd/oz, and there is NOT enough time to break out before November. Any price close to that resistance, is a perfect opportunity for short sellers.
Other than a few loonies in any group, most of them wont make a peep maybe get rowdy at the local pub lol. (ps this is the the same for either side)
Sammy, I was just about to lock Leon in on that. I think gold will jump because both candidates and their followers are trouble makers.
Hillary might bring some status-quo political stability, but she isn't going to have fixed the problems in the global macro economy overnight. The fundamentals for gold will still be in place while we have negative real interest rates in play. I agree that gold might take a hit short term, and a rate rise in December probably won't help gold either, but longer term I think gold still does ok until some of the bigger problems actually get addressed and the fundamentals supporting it change. If Trump wins then it's GAME ON. Gold will spike and it'll be bigger than Brexit. You talk about Trumps undesirables causing trouble....but that's nothing compared to what the rabid left will try on if Trump wins. I think there will be some blood in the streets for sure. As I've said before, it may even be Trumps blood.
when there is open war, the markets will be closed, there is no price quote. so to say the price will be going up, its not going to happen there. but once it start trading again or re-open, prices would be way after a gap huge one, the old prices and new ones would not be compared anymore.
Yes. I love the Les Miserables comparisons. Hillary really f**ked up with that sledge. Really driving home the point that she is out of touch with the commoners. :lol:
Surely it will... I mean if the US Gov shutdown, GFC, debt ceiling drama, deliberate RMB devaluation, Jolie-Pitt Splitt, Brent level dropping ~50%, Baltic Dry Index at record lows, Chinese stock market crash, Cypriotic haircuts, Grecian debt etc etc didn't do anything for the gold price, this will!
Didn't you see the opening post? There is no argument, it's 100% certain... "THE ANSWER is very simple: AFTER US presidential election is over."
In fact I'd SAY that gold will CLIMB quite well in the lead up and AS the UNCERTAINTY GROWS. In fact I reckon that $1400 is going to get nudged OR even broken. Is your keyboard knackered Leon? Writing with your random caps is actually really frustrating. Better sell up your trial game metals before the big crash buddy.
