Interesting article, but the slam down is too little. Still very expensive at $1646. They should slam it all the way back to $1600.
$2600 Gold
- Thread starter slavaja
- Start date
Interesting article, but the slam down is too little. Still very expensive at $1646. They should slam it all the way back to $1600.
Isn't it ironic how we scream manipulation when we want to sell but then beg for it when we want to buy
Isn't it ironic how we scream manipulation when we want to sell but then beg for it when we want to buy
Generally, I’m not really bothered if the price falls as I’m taking a long term view. At the moment, cash is going to be just as important because there will be a chance to scoop some stocks cheaply. IPReady said he has 80% in cash and only 5% in paper gold. This made me start thinking.
The virus is going to have a social, political and economic. The economic fallout will hit the hardest.
Regarding the short term PM pricing, I'm beginning to cautiously view the recent events from the perspective of the GFC.
If things deteriorate significantly, I feel the following will possibly play out......
The flight to the USD will intensify, as a perceived safe haven, which will smack down PMs. When the reality kicks in, that the US isn't immune to the economic impacts ( pun intended ), money will flow into PMs. Basically a replay of the GFC.
Only time will tell.....
If things deteriorate significantly, I feel the following will possibly play out......
The flight to the USD will intensify, as a perceived safe haven, which will smack down PMs. When the reality kicks in, that the US isn't immune to the economic impacts ( pun intended ), money will flow into PMs. Basically a replay of the GFC.
Only time will tell.....
pennys
Member
I don't fully agree with the following but another narrative:
Tech stocks going up and old fashioned industrials going down in 2020 has been the market pricing in a Democrat winning in November. Silicon Valley pretty much owns the Democrats.
Obviously some tech is a climate change hedge. I would guess too that Silicon V. are the majority of crypto bagholders and looking for an exit.
Tech stocks going up and old fashioned industrials going down in 2020 has been the market pricing in a Democrat winning in November. Silicon Valley pretty much owns the Democrats.
Obviously some tech is a climate change hedge. I would guess too that Silicon V. are the majority of crypto bagholders and looking for an exit.
Agree, this calls for caution, but timing is also important as the window of opportunity will be narrow, probably only 1 week or just days.
The GFC is really a WFC, West Financial Crisis. The hit on Asia is just a recession, not a financial crisis. Whereas the corona black swan is Asian centric, and has a potential to cause a financial crisis that will arise from some Asian city. When this happens, everyone will be rushing for physical gold to get out of the banking system.
All gold will be out of stock within days, or dealers will be selling gold bullion at 5% premium.
Another variable is GLD. If HSBC breaks, will it cause a run out of GLD? If so, gold might plunge. I should say paper gold.
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Jason1
Well-Known Member
that boggles my mind, stock for companies that make huge profits go down while stocks for tech companies who only rack up billions debt and have and likely never will make a profit go up.
that tech market aint rigged at all lol ahaha
you gotta give it to silicone valley, they sure know how to sell dog stocks.
If there was going tobe a crash IMO it has tobe from a tech bubble, thats why I dont hold any tech stocks, those things are f'n scams, minus the very few that actually make real profits.
silverhair
Well-Known Member
How can the USD be a safe haven if they print it off like tony and paper is free? PLus they have an idiot in charge at the moment and tall their major parties are in disarray ....
the USD is not what it once was. This is why China and Russia have been converting their USD into bullion.
Haven't read a more sensible post on this forum since signing up. The USD will be toast within 5-10 years.
pennys
Member
Your point is finally getting debated in MSM.
Overvaluation in and out of tech. Utilities and things considered staples are in 20s P/E ratios up from their long term 8 to 12. Shares like CSL are off the charts expensive given they are hit hardest if virus is pandemic in the USA. Shares like big 4 banks might be massively overvalued given the neo banks and the one or two useful things that will be appropriated from crypto.
silverhair
Well-Known Member
Forgive my ignorance and terrible grammar, but what is MSM?
Main Stream Media
JOHNLGALT
Well-Known Member
silverhair
Well-Known Member
thank you
madaw1
Well-Known Member
Good on you!-better something than nothing...
madaw1
Well-Known Member
They must have more clever leader than USA-perhaps...
pennys
Member
Actually doesn't matter if fake or not. I follow mainstream closely because it's what the majority believe (or may be they don't believe and a reasonable person knows it's entertainment, according to a recnet legal defense).
I've been hearing that for 10 years+......
JOHNLGALT
Well-Known Member
"Actually doesn't matter if fake"
Actually it matters to me if my news is FAKE. How can anyone make investment decisions on 'FAKE NEWS'? If the DOW JONES index goes up because of a lower Dollar, then that is a *FAKE RISE, which comes about because the newly invented Dollars are worth less. *You are only getting larger numbers, which the Government will TAX. Understand the 'MONEY GAME' yet? _JLG.
Actually it matters to me if my news is FAKE. How can anyone make investment decisions on 'FAKE NEWS'? If the DOW JONES index goes up because of a lower Dollar, then that is a *FAKE RISE, which comes about because the newly invented Dollars are worth less. *You are only getting larger numbers, which the Government will TAX. Understand the 'MONEY GAME' yet? _JLG.
Perhaps it's more of a prayer than a prediction then