Gold Just Hit AU$2,000

Gold is back under $2000.00 at $1986 :(

I expect it will fall further when the US market opens later tonight,it looks to me like the US and China smoking the trade war peace pipe is to blame :confused:

Don't they know that smoking is bad for your health :D
 
The Reserve Bank is meeting tomorrow with most expecting a rate cut which should help the AU helping Gold :)

The times we live in are very volatile :eek:
 
mrsilverservice said:
The Reserve Bank is meeting tomorrow with most expecting a rate cut which should help the AU helping Gold :)

The times we live in are very volatile :eek:
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It's surprising the AUD has increased in value back above 0.70 in last few days as markets would have factored in a rate cut already.
 
Oddjob said:
It's surprising the AUD has increased in value back above 0.70 in last few days as markets would have factored in a rate cut already.
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Usd weakened against major currencies last few days. I’m thinking of early terminating my usd term deposit. The next couple of weeks might be the last chance to buy gold and silver cheaply?
 
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Elliott Wave pattern points to AUD starting a 3rd of a 3rd down, which can be aggressive. Maybe mid 60's within a couple of weeks.
 
gold annual production is less than 3000 tonnes

so the order of few thousands tonnes alone, which is not a very huge number in the paper money world today

it's taking some more time to make good of those gold bars, tungsten not included

so there is a language of manipulation

back to the futures of prices again, palladium and platinum are both up, yet silver and gold get the hammer again

s-l1600.jpg
 
I see on Silverdoctors that Egg on von Grayerz has stated that he does not expect the price of gold to
drop below US$1350 again in his lifetime.
I guess time will tell if he is correct or if he ends up with egg on his face, like old Jim Sinclair with his never under $1500 again
gold call from all those years ago.:D
I would not dismiss the possibility of it going under $1350 again, while we still have the paper market setting the physical spot price.
 
I was expecting Gold to be a little softer overnight when the US market opened but it bounced a little which was a pleasant surprise and we have a more than likely a rate cut today from the Federal Reserve down to only 1% :confused:

If this is the case the Fed has nowhere to go if any cut is needed in the future and I am 100% sure it will need to cut even further :eek:


The Book of Revelation - Chapter 1 verse 5 & 6

To Him who loved us and washed us from our sin in His own blood,and made us kings and priests to His God and Father,to Him be glory and dominion forever and ever.Amen :)
 
mrsilverservice said:
was expecting Gold to be a little softer overnight when the US market opened but it bounced a little which was a pleasant surprise and we have a more than likely a rate cut today from the Federal Reserve down to only 1% :confused:
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Federal Reserve? Don't you mean the Reserve Bank of Australia:D
Although in a way you are correct, they are both part of satanic Rothschild controlled worldwide central banking scam.
If they do cut again today for the second month in a row, that tells me that the Australian economy is on emergency life support.
Something not experienced here since the great depression of the 1930s.
If my assumption is correct it could mean that the Aussie dollar will fall down to record lows against the US Federal Reserve Dollar.
in the next year or two.
I think the record low is somewhere in the .48 cent range, so if that gets taken out then we will have $3,000 per ounce
gold price even if the US price stays at around the $1400 mark.
Exiting in a way but also a bit scary as to how bad things might get economically for us all here.
 
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and Yes :D

Nice post,good points and an excellent reason to buy more Gold in my opinion :p


The Book of Proverbs Chapter 3 verse 5 & 6

Trust in the Lord with all your heart,and lean not on your own understanding.In all your ways acknowledge Him,and He shall direct your paths :)
 
prospect said:
Federal Reserve? Don't you mean the Reserve Bank of Australia:D
Although in a way you are correct, they are both part of satanic Rothschild controlled worldwide central banking scam.
If they do cut again today for the second month in a row, that tells me that the Australian economy is on emergency life support.
Something not experienced here since the great depression of the 1930s.
If my assumption is correct it could mean that the Aussie dollar will fall down to record lows against the US Federal Reserve Dollar.
in the next year or two.
I think the record low is somewhere in the .48 cent range, so if that gets taken out then we will have $3,000 per ounce
gold price even if the US price stays at around the $1400 mark.
Exiting in a way but also a bit scary as to how bad things might get economically for us all here.
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.
https://www.news.com.au/finance/eco...t/news-story/f5488619a9d6008cd4420e3141043e66
 
Damn, it was below $1390 for only such a short term, not enough time to plan a trip to the lcs. :D
 
prospect said:
Good on you bubblebobble, your prodding seems to have done the trick!
Gold is on a tear once again up over US$1400 and $2010 Aussie as I post at 2 am local time.
Keep that pointy stick close at hand in case it is needed again.:D
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More than likely it was Michael from Bullion Now (in Melbourne. Australia) with his early Monday morning rant via BOOBTube that people were listening to. LOL. _JOHNLGALT.
 
Likely it was the news Christine Lagarde is to lead the European Central Bank replacing Draghi (and Ursula von der Leyen to be president of the European Commission. replacing Juncker). Lagarde won't be shy to keep printing ad infinitum.
 
jultorsk said:
Likely it was the news Christine Lagarde is to lead the European Central Bank replacing Draghi (and Ursula von der Leyen to be president of the European Commission. replacing Juncker). Lagarde won't be shy to keep printing ad infinitum.
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In case you haven't seen this one, WAM usually have their finger on the pulse of the world financial happenings:
 
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