Recent content by Pirocco

That has been claimed in many markets at many times, then Captain Hindsight came to Rule, proving once again that what was bought, also got sold. https://finviz.com/futures_charts.ashx?t=GC&p=m $1250 range between 2013 and 2019 Early 2020, the economical sabotages (lockdowns) by the central...

It's like after the lockdown announcement in 2020, everybody ran to the shops to hampfster so that they wouldn't need to buy for a while, but here with gold they sold, so that they wouldn't need to sell for a while. ;)

That's not true eh, golds price had been driven up beyond other stuff, AND, inversely other stuff has been driven up beyond gold. From "just sped things up" to "just sped things down". The relative is what matters, if golds price is driven up faster than other prices, then it's real (purchasing...

>>> 5592 tonnes gold sold over the period 1997-2009, price range $300-$700 >>> 3674.7 tonnes gold bought over the period 2010-2017, price range $700-$2000 Due to lack of interest, I ceased monitoring in 2017. But since governments worldwide economical sabotage starting in 2020, revisited, to...

Looks like you had luck that the checks weren't coming fast enough - buying gold now = getting 3 more ounces on the 100 than oh yesterday. Maybe it gets even better!

What you name "premise" here, is not "mine", it's data from gold.org that shows annual net purchases or sales. You can create a free account, after which they show that, and other data. I created an account in 2011. They show data from 1997 onwards. Worth noting: data can get revised in later...

Yet, a price drops due to people selling. Grabbing profit or cutting losses short, and then, near what will turn out to be the bottom, disappointed, sell at that bottom, to people buying there. Financial news often starts to talk about bears when 70% of the bear already passed. And starts to...

What does that matter? ALL central banks exist to fight speculators. And they cooperate in that. If speculators buy Swiss francs with dollars, causing the Swiss france to increase in value and the dollar to decrease in value, and it leads to outside their allowed exchange range (snake in the...

Now, what you say is a load of BS, the same load of BS that is always told at market tops and bottoms, simply because a sell at top requires people to buy at top, and a buy back in at bottom, requires people to sell at bottom. It's not more complex than that. And nothing is a good investment by...

Near the end of the Cold War, the desintegration of the Sovjet Union, ruble printing, extreme devaluation, a person of the Federal Reserve had a meeting with a person of GOSbank, with as goal to make Russians again trust rubles. The proposal was to temporarly link ruble to gold. Temporarly. To...

Alike I showed along figures: central banks buy and sell gold. During the nineties and early 200x, they sold, price was $300. That was a good time to BUY gold. Since, they purchased, price rose now to $3000. You declare that a good time to buy gold? When they reverse again to selling, they'll...

You don't react on what I said, you shuffle terminology.

They also sold gold, that's also a fact. Those risks origin not from earthquakes or elephants, they origin from speculants. Why central banks were created: to prevent that people on markets rout out bad money. That's why central banks cooperate, if people don't trust euro, thus swap it for ex...

It only competes at a certain price, just like anything. It's all relative. 25 years ago for $3000 you got 10 ounces gold. Now you get 1 ounce. That's / 10. 25 years ago for $200000 you got a house. Now you need $500000. That's / 2.5 Gold got 4 times more expensive than houses got. That's +300%...

That's all stretched way too far. Golds price drives on bad economic news = whatever currency > gold. Good economic news = gold > whatever currency. Who decides good or bad economy: mother nature and central banks, 99% of the time the latter, and they act in golds market accordingly.