What are the causes of gold's rise right now?

Hi,

I was away for a while and I think I lost the thread... why is gold rising so powerfully right now?

Oil is rising as well.

Beside the "normal permabull bla bla", what EXACTLY triggered this?

 

Extreme fear/uncertainty, global recession, crashing stock market, fed not coming to the rescue

 

The blu pills

 

+1

Yellen is a nut job!

 

Nothin' concrete so far... this was the case all last year, so why such a strong spike?

 

Uncertainty

When we see the oil to gold ratio as it is right now it sends tremors through the market.

When we see the US Federal Reserve printing cash which is backed up by nothing we are alarmed.

When we see Japan manipulate their currency to negative interest rates.

When we see the Boss of the corrupt Jewish Cartel (Yellen) shite her pants.

When we see broke countries and those broke countries lending to broke countries which the broke countries know they can never be repaid.

When a country like Russia is hording gold even though the rouble is crashing.

When the US bond rate is shite.

When all countries are talking down their currencies.

Buy gold or silver or...if you really have brains buy platinum!

 

Why would platinum be a better buy over gold and silver during the circumstances you just said?

 

I, too, wonder about Platinum. No one ever seems to mention it as an option for investment.

 

The usual response form financial circles; gold is not a good investment because has no yield, but as rates turn negative, do you really want to be paying collapsing banks to store paper for you?

 

some one liquidated $1T in securities and started buying some gold ---

 

I think it went up because the red line on the chart told it to

 

That's a possibility, ha ha ha :lol:

 

Prolly the Fed started buying gold in secret

 

Simple but boring reason. Gold has tracked the yen closely for over 3 years. Japan recently instituted negative interests to weaken the yen. They got the opposite result. Japan is not happy about the recent strengthening of the yen and you can expect action soon to weaken the currency. Unless the gold/yen relationship has changed, gold is near a short term peak.

 

usd weakened.

you can see it on all currencies pair, and because it weakened, all commodity goes up.

 

It has been going down for so long that it was bound to come up sooner or later.

 

When stock markets crash then Gold becomes a safe haven. It reminds me of the volatility of bitcoin that I've also had investments in - to which a lot of it's fluctuations are either based off news events or are done so via manipulation.

I cannot see a straight shooter up and above a certain limit here because what goes up must come down at some eventual point. Have to wait and see what happens here

 

Well, 2015 was year of the sheep. So everyone just followed everyone else.

But 2016 is year of the monkey, and that dude is already wreaking some havoc.

 

Hilarious! But this logic makes some sense :lol:

But...

2011 was the year of the rabbit - did that 'lil' fella' bring gold up to its peak?

2017 will be the year of the chicken :lol:

 

also maybe because of this
http://forums.silverstackers.com/to...arabia-consider-ground-campaign-in-syria.html