Fundamentals pretty much drive gold anyway but I dont pay attention to that stuff.
And charts are more fun than politics.
And charts are more fun than politics.
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Gold at ATH.....what do your tea leaves say?
- Thread starter mybullion.com.au
- Start date
mybullion.com.au
Well-Known Member
I reckon Hunt's off the mark on this one - distant future yes. Imagine the backlash of Trump entertaining that idea.
It seems gold and silver move more than anything else in direct relation to what the money changers are doing than to any uncertainty.
Sure big day to day paper trades can Inflict moves but it never changes anything.
The 45 year cup and handle in silver sure wasn't formed from anything else, or the 2k cup for gold, and everything since.
We owe all our thanks to the bankers.
Sure big day to day paper trades can Inflict moves but it never changes anything.
The 45 year cup and handle in silver sure wasn't formed from anything else, or the 2k cup for gold, and everything since.
We owe all our thanks to the bankers.
Hmm. I'm not sure about all of it. There is a lot going on that hasn't happened before:
Debt reaching unserviceable levels in the West (especially US, look at the US Treasury auctions, bond market rates, etc...), Gold now a tier 1 reserve currency, countries pulling gold stores out of US, Petro-dollar decoupling, silver futures contracts taking (dangerously) longer to deliver.
Couple that with the increase in war between states with nukes: Russia/Ukraine, India/Pakistan and Israel/Iran.
Then throw in a US adminstration that is wholly incapable of meeting the moment through shear lack of intelligence/ability/desire/etc... so we lose super power leadership.
Kinda feel like selling everything and going into severe debt to buy gold. lol.
Anyway, just keep stacking.
Debt reaching unserviceable levels in the West (especially US, look at the US Treasury auctions, bond market rates, etc...), Gold now a tier 1 reserve currency, countries pulling gold stores out of US, Petro-dollar decoupling, silver futures contracts taking (dangerously) longer to deliver.
Couple that with the increase in war between states with nukes: Russia/Ukraine, India/Pakistan and Israel/Iran.
Then throw in a US adminstration that is wholly incapable of meeting the moment through shear lack of intelligence/ability/desire/etc... so we lose super power leadership.
Kinda feel like selling everything and going into severe debt to buy gold. lol.
Anyway, just keep stacking.
What you said couldn't be more true.
It's not only the bankers that lend the debt, but the governments that demand and normalize the debt.
They are all doing the Diddy thing to us and we should feel very violated.
The "severe debt to buy gold" comment would sound crazy to most, but to a serious investor it would be "leverage".
Ive thought about that one before too.
Ive thought about that one before too.
Alternatively:
The debt would be much easier to service if they dropped interest rates to 0 but they won't because the bond market would go bonkers, Gold as a Tier 1 asset hasn't changed the way the banking system operates, I'm not sure what is meant by the "petro-dollar decoupling" as the petro-dollar doesn't really exist and silver contracts are only meaningful in the silver market, they have no bearing on the wider financial market.
But yes, we are witnessing turbulent times and the Trump administration is stoking the fires in an attempt to drive the type of change that they have in mind. So it's going to remain choppy for a while.
Leverage in the cryptosphere is pretty common so no one would look at you strangely in there.
Silverskunk
Member
I guessed wrong. Pocket change really, its just I dont like failing at reading the room.
Oh in the long run gold will bounce back. It always does. Clawing back already I see.
Oh in the long run gold will bounce back. It always does. Clawing back already I see.
Yep lots of ups and downs. Alot like my marriage.
That’s a double entendre if I ever heard one!
mybullion.com.au
Well-Known Member
Yep gold went above US$3530 to a new intraday all time high overnight. Our American stacker friends are celebrating no doubt @JohnnyBravo300
Aussie dollar strength is preventing gold in AUD doing the same, but our purchasing power is increasing relevant to other currencies - this as a good thing.
Aussie dollar strength is preventing gold in AUD doing the same, but our purchasing power is increasing relevant to other currencies - this as a good thing.
SKULL
Active Member
Gold now bouncing around $3,490 + ATM. Still a lot of trading day yet to come
Holding Gold/Silver is a GOOD THING ! It goes up, down, sideways, but in the long term it keeps up with Inflation & that's the True Value
mybullion.com.au
Well-Known Member
Speaking of inflation, I was in the US earlier this year and was shocked at the price of standard grocery store items. In short, if a price of 1L juice in Aus is $6, it was US$6 + tax at checkout there 
The same comparison could be made for most items. I travelled to CA, TX and AZ....no different.
Had a great time though
The same comparison could be made for most items. I travelled to CA, TX and AZ....no different.Had a great time though
Speaking of inflation, I was in the US earlier this year and was shocked at the price of standard grocery store items. In short, if a price of 1L juice in Aus is $6, it was US$6 + tax at checkout there
Had a great time though
maybe the difference was in quality...
SKULL
Active Member
Maybe the difference is " Ability To Pay " ?
Or perhaps willingness to pay?
SKULL
Active Member
SKULL
Active Member
Reference:- MarketWatch $ USD Gold continuous contract
As I was expecting, Gold was pushed back down towards the end of trading:- $3,458.20
No way they wanted Gold to finish the week above $3,500 +
( Silver at $38.51 was a good finish from a low $36.80 on Monday )
Gold has now had a taste 2 X above $3,500
$3,458.20 is striking distance for next week $3,500 +
I'm still thinking a crack at $4,000 by the end of the year
As I was expecting, Gold was pushed back down towards the end of trading:- $3,458.20
No way they wanted Gold to finish the week above $3,500 +
( Silver at $38.51 was a good finish from a low $36.80 on Monday )
Gold has now had a taste 2 X above $3,500
$3,458.20 is striking distance for next week $3,500 +
I'm still thinking a crack at $4,000 by the end of the year
pmbug
Well-Known Member
Speaking of inflation, I was in the US earlier this year and was shocked at the price of standard grocery store items. In short, if a price of 1L juice in Aus is $6, it was US$6 + tax at checkout there
Had a great time though
Real inflation is crazy over here. Forget about government CPI stats. Those are fantasy land numbers. Grocery store receipts are reality.
Good to hear that you had a good time.