Why is Gold rising so steeply - because this world is in huge trouble were ever you look and no I am not talking about the big lie of "climate change" I am talking about real problems - - - - - - - The Book of Corinthians - Corinthians 1 Chapter 2 verse 9 But it is written - eye has not seen,nor ear heard,nor have entered into the hearts of man the things that God has prepared for those who love Him
I think we could reach 5,000 USD per ounce sooner than in Gerald Celente's wildest dreams. I hope the 3G's won't be necessary, though. If you know what I mean...
I will look up that quote, it sure sounds interesting You know what I think now about gold's "mysterious rise"? Because there are no strong causes (besides the obvious ones that were there for the last 5-10 years). I think the "big fish" are buying it up. Someone is expecting something, is stocking up. It would be great to know who those entities are. Goldman Sachs? Some countries? Or it's just paper gold? Or the Chinese got gold fever because of the turmoil there? Someone decided to buy a lot for good reasons. Therefore the strong sharp upward spike. I think there were far stronger reasons in the past (which are not that strong now): QE, Euro crisis, Greek crisis, Cyprus bail-ins, Russia-West political problems etc. I am still digging to understand WHAT EXACTLY is going on now. I means EXACTLY. (Of course FIAT is worthless, of course the economies are slowing down... but that's been going on for almost a decade now...).
Chinese banks running out of dollars? https://www.scmp.com/business/banki...ks-quietly-lower-daily-limit-foreign-currency International trade uses dollars. It's nothing to do with America or Trump. People throughout the world just use dollars. Even north korea uses dollars. The trade war is not just a trade war against the US. It's a war against the entire world's banking system and international corporations - also known as the deep state. The deep state is more powerful than the US.
^ China will seek ways to dump their dollars as a response to the US' "trade war". Gosh, this is sooo damn stupid! What will China do in response to Trump's "games": - they could "shop away" their dollars and buy gold (prolly doing this right now!) - buy up a bunch of companies and infrastructure in other countries (at a great discount) - I'm sure Ugandans and Ethiopians would cheer at a few billion greenbacks at an excellent exchange rate! - China could simply "donate" some of their US Treasuries and Bonds to Venezuela or just "buy" things for them as "gift" These crazy politicians are ruining our lives. For their pathological ego? For financial interests? Pathological thirst for power? I hope this whole thing doesn't turn "physical" and will stay at most "financial". Although, let's hope it will remain merely "sentimental".
Alessio Rastani is telling us: gold could take a dip soon. If it does, I expect it to go down to 1,400 $ (most likely as I see it), probably even 1,300-1350 $. Or, if it tests 1,600 $, then we're on the staircase upwards
For the GoldBugs as well: Here's something to read from Craig Hemke via silverbearcafe website. http://www.silverbearcafe.com/private/08.19/where.html
It did a slight dip, not we'll see whether it rallies or if it corrects in September. I personally expect a substantial correction in September-October. Stack if you can. The next "hump" will be higher and looking back, 1,500 $ will look like 1,200 $ looks now
Smart thing to do is save up now to either buy in if its corrects or jump on it if it starts to move.
https://mobile.abc.net.au/news/2019...-with-additional-tariffs/11468922?pfmredir=sm Are these new? If so expect another rise on market open.
I think the US price will be $1800 to $2000 as everyone except them in at record highs and coming into the Indian wedding season there getting it in the back door and happy to to well over spot due to the new import duties there government have imposed. This is why the poor mans Gold is also starting to rise also.
Look at the last 3 days before the US 3 day Holiday How hard it was to get Gold down and yet on opening it when up $20 in seconds. They keep trashing it and its on a spring yet the main population in the west dont even have a clue on what the price is or any benefits, Imagine if they where told how good it is Id never be able to buy it. l
The Fed is not dovish enough, Trump is going to accelerate the trade war. October maybe very dangerous for equities. If I were Trump, now is the best time to crash the stock market and force the fed to lower rates to zero. If the stock bubble were to collapse, better now than October 2020.
^ Some experts say it's not really the trade war, but slowdown that's fueling gold. I have come to the conclusion that investors have "almost nothing" to turn to, so they started turning to gold. Why so massively? I'm still researching... But it seems like it's a bit different than 2007, when the financial markets, major banks' bankruptcies etc. have fueled the crash. Now it's a global slowdown. Then it was mostly the West (USA-Europe-Australia also affected...). Global slowdown means a lot more, it's a lot worse. And I don't necessarily see the financial sector playing the big role here. It's DEMAND, PRODUCTION, PROFIT that's going down the drainpipe. It's a lot worse. It's value-creation itself, it's profit-making that suffers. Examples: - lower demand > lower industrial production > lower profits - people losing their jobs due to the ones above - lower GDP's > social benefits suffer - trade war just "spices" things up
Global slowdown and dropping interest rates are both good for gold. The economy is tanking at an alarming rate and job creation is abysmal now. Lowest numbers in almost every category since Obongo's reign. The trade disputes are just an embarrassing sideshow where instead of beating his chest like Tarzan, Trump ends up getting his nipples pinched and a big wedgie up his crack. We are like the fat kids on the soccer team now. Thanks coach!
Anyone trying to guess another dip bottom is very likely going to be wrong, best to just keep buying and live with whatever average you get. By almost any measure the next few years are looking pretty sweet for PM's.
This goes on here, as well for the Gold-Bugs who don't follow the Silver Threads. Bill Holter's latest on the Greg Hunter Show.
