$2600 Gold

Never said I listened, believed nor cared.
All chicken lickens and JohnLgalt muppets reading zero hedge hiding in their mums basements for the end of the world to come
 
Last edited:
I just hope Aud doesn't sink much more than 50 cent because we do import a lot of stuff. Depreciation is like taking a pay cut.
 
Back when AUD was 50c USD it was mainly things in USD that mattered. It was nothing like the 80s when there was no chance of buying a twinkie.
 
JOHNLGALT said:
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.
Click to expand...

I see you are new to finance :) May I suggest the writings on John Maynard Keynes Esq. ;) He infact was one of the best share traders, using behavioural economics and game theory before these terms were invented.
 
Well, that was a fun week, wasn't it? Physical holders of Precious Metals got to see a rise & fall in the quantity of 'FIAT' they would get if they had to sell any for any reason. Personally, I don't have to go into their 'Paper Ponzi Game'.
At the end of the week, those of us who held onto our Physical still have the same weight, same purity, & can sleep soundly at night.
However, those who play in the 'Paper & Digital CASINOS' & sold some of their make-believe money will have lost some of it, or their share in a company. _JOHNLGALT.
 
JOHNLGALT said:
At the end of the week, those of us who held onto our Physical still have the same weight, same purity, & can sleep soundly at night.
Click to expand...

Your lack of understanding of basic economics/trading is quite astonishing.
Those that sold Thurs could buy MORE weight today and sleep even more soundly you gibbering monkey.
 
JLG- olivia used to be my Avatar on the older forum, hence the "let's get physical" signature. don't know how to put her back as my avatar.
 
Ag bullet said:
JLG- olivia used to be my Avatar on the older forum, hence the "let's get physical" signature. don't know how to put her back as my avatar.
Click to expand...
Stick around & I'll see if I can help.
I'm only drinking anyway, so I'll see what I can do.
It should help other people on here to get an AVATAR as well.
 
Uploaded in this chart to show the steepness of this plunge.

Pretty crazy just to spike only to plunge back. Not sure what to make out of this?

Saw more youtubes. My conclusion is this maybe a sign for what is to come. Gold doesn't break like this. If people have to dump their hedges, might be something really serious happening behind the scene?

KKkGGcE.jpg
 
Last edited:
sgbuyer said:
Saw more youtubes. My conclusion is this maybe a sign for what is to come. Gold doesn't break like this. If people have to dump their hedges, might be something really serious happening behind the scene?
Click to expand...

People panicking and running to cash. Selling everything including gold ETFs. Physical gold that was backing paper is sold too. Physical gold market is very thin and it's not an easy order to fill without major slippage ???
 
sgbuyer said:
Uploaded in this chart to show the steepness of this plunge.
Pretty crazy just to spike only to plunge back. Not sure what to make out of this?
Saw more youtubes. My conclusion is this maybe a sign for what is to come. Gold doesn't break like this. If people have to dump their hedges, might be something really serious happening behind the scene?
Click to expand...

Yeah, nothing to do with the fundamentals of gold really. When they had to cover other investment positions that plummeted they were forced to offload their gold quickly at any price to drum up the cash, driving the price down. Not that it would have bothered them because they have made huge gains on gold recently.
 
You must log in or register to reply here.
Back
Top