the battle to hold $1200 US is upon us again.......will it go under ?

Discussion in 'Gold' started by 2nd_Hand_Gold_Man, Jun 1, 2016.

  1. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

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    here we go again TRYING TO STAY ABOVE $1200 US

    W R...............OR IS IT JUST GOING TO STAY BORING ANY IDEAS ?
    I E
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    G W

    ^OR
     
    2nd_Hand_Gold_Man, Jun 1, 2016
    #1
  2. Davros10

    Davros10 Well-Known Member Silver Stacker

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    A dip under $1200, then off to the races.
     
    Davros10, Jun 1, 2016
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  3. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

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    IM A WAITING..............I GOT 10OZ I WANT TO UNLOAD
     
    2nd_Hand_Gold_Man, Jun 1, 2016
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  4. Bernie01

    Bernie01 New Member

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    The answer is up........the time frame is 3 years............lock down point is now at 1210$ on june 2th at midnight europe in 3 years from now i am almost certain on june 2th 2019 its above 1210 us $,short turn..........might be 1100 might be 1375 cant tell....But with all the QE in the EU the global econemy thats being assraped...things dont look that good..for fiat money..
     
    Bernie01, Jun 2, 2016
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  5. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    OMG EU QE WTF BS US AUD FED RBA SFA
     
    sammysilver, Jun 2, 2016
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  6. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    The fact that gold is maintaining such a long term base with no positive news is good, it means there are value buyers out there putting a floor in.

    Again and again it's seen people step in and buy when they saw that 1200 level instead of coming in to short even if it's with a tight stop.

    Meanwhile you have the profit taking of quality miners surprisingly low, anyone see what sliver lake is trading at? GDXJ is still over 200% the 52 week low.

    Not saying it's about to go anywhere crazy, but honestly, a stable price makes a god store store of value and where some low AISC miners can do well is what it's supposed to do. It let's you get your money out of any particular fiat with insurance thrown in free.

    2.25 bitcoin per oz of gold is nice to see though.
     
    phrenzy, Jun 3, 2016
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