At the moment, no-one really gives a flying **** about gold. It is barely holding its head above water from its recent lows considering all the world events...war, economic collapse, martians invading etc...What else needs to happen to make this brick fly?Holdfast said:23 June 2016 - The UK's EU Referendum.
The effect on precious metal....................
Uncertainty in the markets may bring more demand for metal.
Considerable central bank effort goes into maintaining that sentiment... gold is a relic, a throwback to an era long passed, a useless investment vehicle. But meanwhile, central banks keep tons and tons of the worthless stuff stockpiled. Kind of strange, that.tolly_67 said:At the moment, no-one really gives a flying **** about gold....
tolly_67 said:At the moment, no-one really gives a flying **** about gold. It is barely holding its head above water from its recent lows considering all the world events...war, economic collapse, martians invading etc...What else needs to happen to make this brick fly?Holdfast said:23 June 2016 - The UK's EU Referendum.
The effect on precious metal....................
Uncertainty in the markets may bring more demand for metal.
A vote to leave the EU will simply force the U.S. dollar higher which will occur very soon because the vote will be a 'yes'. Just watch the U.S. dollar index over the next few months. It will rise as traders will take positions in advance.
This will most likely cause gold to ........fall.....initially. Too many traders will resort to the flawed concept of dollar up, gold down. Eventually both will rise together.
tolly_67 said:At the moment, no-one really gives a flying **** about gold. It is barely holding its head above water from its recent lows considering all the world events...war, economic collapse, martians invading etc...What else needs to happen to make this brick fly?Holdfast said:23 June 2016 - The UK's EU Referendum.
The effect on precious metal....................
Uncertainty in the markets may bring more demand for metal.
A vote to leave the EU will simply force the U.S. dollar higher which will occur very soon because the vote will be a 'yes'. Just watch the U.S. dollar index over the next few months. It will rise as traders will take positions in advance.
This will most likely cause gold to ........fall.....initially. Too many traders will resort to the flawed concept of dollar up, gold down. Eventually both will rise together.
SilverPete said:Considerable central bank effort goes into maintaining that sentiment... gold is a relic, a throwback to an era long passed, a useless investment vehicle. But meanwhile, central banks keep tons and tons of the worthless stuff stockpiled. Kind of strange, that.tolly_67 said:At the moment, no-one really gives a flying **** about gold....
Holdfast said:Perhaps watch this if you are a Brit or in the EU. :|
*How the EU works4:55
[youtube]http://www.youtube.com/watch?v=eYqzcqDtL3k[/youtube]