Search results

  1. Pirocco

    Gold at ATH.....what do your tea leaves say?

    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...
  2. Pirocco

    Gold at ATH.....what do your tea leaves say?

    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. ;)
  3. Pirocco

    Gold at ATH.....what do your tea leaves say?

    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...
  4. Pirocco

    Gold at ATH.....what do your tea leaves say?

    >>> 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...
  5. Pirocco

    Gold at ATH.....what do your tea leaves say?

    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!
  6. Pirocco

    Gold at ATH.....what do your tea leaves say?

    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...
  7. Pirocco

    Gold at ATH.....what do your tea leaves say?

    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...
  8. Pirocco

    Gold at ATH.....what do your tea leaves say?

    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...
  9. Pirocco

    Gold at ATH.....what do your tea leaves say?

    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...
  10. Pirocco

    Gold at ATH.....what do your tea leaves say?

    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...
  11. Pirocco

    Gold at ATH.....what do your tea leaves say?

    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...
  12. Pirocco

    Gold at ATH.....what do your tea leaves say?

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

    Gold at ATH.....what do your tea leaves say?

    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...
  14. Pirocco

    Gold at ATH.....what do your tea leaves say?

    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%...
  15. Pirocco

    Gold at ATH.....what do your tea leaves say?

    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.
  16. Pirocco

    Gold at ATH.....what do your tea leaves say?

    You repeat instead of answer. Which risk? Caused by who? My answer on that was fighting speculants. When these buy gold, CB's buy gold too, driving price upwards, inflict speculants less ounces. When these sell gold, sell too, downwards,less dollars. So, speculants have to "manage risk" too, by...
  17. Pirocco

    Gold at ATH.....what do your tea leaves say?

    Why did central banks sold gold during the 199x and earlier 200x, its price driven to $300? Answer? Why did central banks buy gold during the later 200x and continued that last year? Answer? You say they don't give a shit, and gold is irrelevant for them, but, ehm, they DO trade it. That is as...
  18. Pirocco

    Gold at ATH.....what do your tea leaves say?

    A flashback 2011, links don't work anymore but quotes included: https://www.kitcomm.com/search.php?do=process&showposts=0&starteronly=1&exactname=1&searchuser=theplantguy Page 4 is the period. STAGE 1: PERMABULL - TRICKING PEOPLE TO BUY THE PRICE HIGHER: $38...
  19. Pirocco

    Gold at ATH.....what do your tea leaves say?

    The QE total amount is not lend out by banks because the central bank pays them to NOT lend it out, as a method to curb price increases aka a "tightening" cycle. The only prices that rise are due to misled speculants, that THINK QE1=1200 billion is gonna be spent on stuff, and due to that...
  20. Pirocco

    Gold at ATH.....what do your tea leaves say?

    Remember the Quantitative Easenings? Back then, the precious metals business proclaimed that it was money printing, and that result would be high inflation, and that precious metal would help you avoiding purchasing power loss. The reality was the opposite, it was "tightening" instead of...
Back
Top