I'd say the charts are starting to support you there also!
Buy more gold?
- Thread starter aelmsu
- Start date
I'd say the charts are starting to support you there also!
Wow, I just checked the July and Aug chart, gold started leaping up to $1500 on the 2nd August.
TreasureHunter
Well-Known Member
Bro, I think it might dip in late September-October (as it usually does). Unless it surpasses 1,600 $, then it'll go much higher, much much higher.
Watch the trends, it MIGHT dip soon. If not, game over.
Normally there should be a dip, but I don't expect it to be deeper than 1,400 $.
Eugene Weinberg, head of commodity strategy at Commerzbank, said that silver is currently the hot play in the precious metals market, but the move is being driven by speculative interest. Gold’s gains, on the other hand, are on a lot firmer footing as investors are looking for long-term safe-haven assets to preserve wealth.
“Silver might start outperforming gold, but by no means is it comparable to gold,” he said. “With so much un
https://www.kitco.com/news/2019-09-...re-stable-compared-to-silver-Commerzbank.html
“Silver might start outperforming gold, but by no means is it comparable to gold,” he said. “With so much un
https://www.kitco.com/news/2019-09-...re-stable-compared-to-silver-Commerzbank.html
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SilverDJ
Well-Known Member
If silver spikes (say, doubles) from here then I'll be selling the spike.
TreasureHunter
Well-Known Member
What if it's the "poor men" who are stocking up on "poor man's gold" and that's pushing it up?
You’ve been proven correct, well done! That shit storm in Hong Kong definitely qualifies as something big!
aelmsu
Member
Yeah that echo's my feelings on silver.
I grabbed a few more ounces just before/as it started to charge upwards. I feel like the gold price has been overinflated recently, especially with the low AUD. I'm waiting for a small pullback to hopefully pick up some more...
TreasureHunter
Well-Known Member
^
The dip might not be far away. Prolly in Octoba'
The dip might not be far away. Prolly in Octoba'
TreasureHunter
Well-Known Member
Looking at earlier support levels, I think we're in for a drop down to 1,400 $.
Expect gold to go that low, as a result of profit-taking sales. if it goes down there in October, I believe it won't rise this high up in 2019 anymore, but will drade sideways for a while (lowest dip could be in December, most likely around Christmas-New Year).
Much less likely is a dip to around the 1,300's. If it really goes down there, take it as a "once in a lifetime gift" to buy up.
However, if it reaches the lower 1,400's, don't wait for it to dip lower, buy up.
I know many of you have that "I should 've bought when it was at 1,100-1,200 $" feeling. Well, 1,400 $ is the new 1,200 $.
Learn to love the opportunities that you have now in front of you. You never know what the future brings. After all, life is like a box of chocolates.
Expect gold to go that low, as a result of profit-taking sales. if it goes down there in October, I believe it won't rise this high up in 2019 anymore, but will drade sideways for a while (lowest dip could be in December, most likely around Christmas-New Year).
Much less likely is a dip to around the 1,300's. If it really goes down there, take it as a "once in a lifetime gift" to buy up.
However, if it reaches the lower 1,400's, don't wait for it to dip lower, buy up.
I know many of you have that "I should 've bought when it was at 1,100-1,200 $" feeling. Well, 1,400 $ is the new 1,200 $.
Learn to love the opportunities that you have now in front of you. You never know what the future brings. After all, life is like a box of chocolates.
The consensus so far is there will be a correction in sept to $1400+. The challenge is to know at what price to buy and to act on it quick.
Slimey
Well-Known Member
The bull pattern which has formed is almost a mirror of the 70's bull run. The only difference is the time scale. This bull run has at least 5 years to run before its climax. Pullbacks can last for several months. This is where patience is a must. It is not going to $6000 next week or even next year. It will slowly make its way there.
Nothing goes straight up. Not even pms. There are always dips along the way.
TreasureHunter
Well-Known Member
It's greed this time. Greed. It is going to fuel the bull market that's pulling its screws together right now. It could go ballistic by 2020. Especially if "events" fuel it.
Watch: when it dips (very soon) in late-September/October, people will jump on the bandwagon to stock up.
And it's not just the big players/investors, but pretty much everyone "savvy" enough who sees value in gold.
Think of the "small rich" (people with a net worth of 1-10 million USD) from Europe, Asia, Australia, USA, Canada... they will buy up. It's not just the super-rich and the small stackers that buy.
I think the next dip will not last for long. I don't expect gold to trade sideways or lower for years. I think we'll surpass 1,500 $ by spring 2020. There will be a major climb then, just watch.
usually we call them gap up, will become more often going forwards