Only way it can happen is if there’s a trade deal on the 10th October.
Gold Just Hit AU$2,000
- Thread starter GoldenEye
- Start date
Only way it can happen is if there’s a trade deal on the 10th October.
Will have to wait and see. Just as likely trump will back out last minute as he did with taliban peace deal.
Most likely. Trump is in no rush. Your loss is my gain. It's alright if we both lose, as long as you lose more.
mrsilverservice
Well-Known Member
Market Closed - $2,221.79
AUD - $0.68
Gold seems to have consolidated to me with the move up the only thing that makes sense in this increasingly gone mad world
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The Book of Proverbs Chapter 29 verse 23
The fear of man brings a snare,but whoever trusts in the Lord shall be safe
AUD - $0.68
Gold seems to have consolidated to me with the move up the only thing that makes sense in this increasingly gone mad world
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The Book of Proverbs Chapter 29 verse 23
The fear of man brings a snare,but whoever trusts in the Lord shall be safe
mrsilverservice
Well-Known Member
Market Closed - $2,193.65
AUD - $0.68
Gold is still running with the bulls but continues to find some resistance.
I heard a whisper that there has been some move on the trade war between the US and China but I doubt things will change up to and after the US federal election next year.
What ever happens Gold will always remain yellow
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The Book of Isaiah Chapter 9 verse 2
The people who walked in darkness have seen a great light,those who dwell in the land of the shadow of death upon them a light has shined
( I know you read this and hope hat the light of The World shines on you)
AUD - $0.68
Gold is still running with the bulls but continues to find some resistance.
I heard a whisper that there has been some move on the trade war between the US and China but I doubt things will change up to and after the US federal election next year.
What ever happens Gold will always remain yellow
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-
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The Book of Isaiah Chapter 9 verse 2
The people who walked in darkness have seen a great light,those who dwell in the land of the shadow of death upon them a light has shined
( I know you read this and hope hat the light of The World shines on you)
Still people calling a correction to 1430 usd, some as low as 1375 usd. What are everyone's thoughts? If the fed cuts rates again, trade war eases, gulf is quiet, I see stocks stabilising and spot falling. Equally likely that something unexpected will pop off and tip the sp500 down, shooting gold up.
SilverDJ
Well-Known Member
It is literally a (1oz) coin flip.
I've still got some stocks on hand, and a penny stock that can fall much more in 2 hours than gold falling from $1550 to $1375. Even though the S&P hasn't gone down, a lot of stocks have halved over the past 1 year. Only the big names that are being propped up by index buy/passive investment have not gone down.
Look at Apple and Boeing, barely dropped despite the trade war and all the recent bad news. Look at the Apple chart it's crazy, the stock is back or nearly back to all time highs and is over a trillion dollar market cap.
Apple is telling you that the world is now no longer about manufacturing or even technology. Apple overpriced phones are not the latest technology by the way and the iOS was much better when Steve Jobs was alive.
https://www.google.com/search?tbm=fin&sxsrf=ACYBGNTXamfLtBnz5URW74-gZDFV0uYM5A:1570875701103&ei=NamhXfqFBoDWz7sPkp-OyA0&q=apple&oq=apple&gs_l=finance-immersive.3..81l3.867.1308.0.1424.7.7.0.0.0.0.117.385.4j1.5.0....0...1.1.64.finance-immersive..2.5.384.0...0.JItMCHk2uW4#scso=_N6mhXf2QGe3Sz7sP15GQiAU9:0
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I'm not enough of a gambling man to buy stocks, just getting ready to back up the truck at 1375 USD if we swing that way. Considering a leveraged position to buy 10 ounces but don't think it's a smart move. Will buy whatever I can afford if it happens.
I bought those x2 or 3 silver etf over 10 years, mostly lost and didn't have much luck with these. I usually get in at the wrong time and if it's leverage with time decay, I'll panick and sell it to cut my loss. After a few rounds, I'll be losing more than winning.
SilverDJ
Well-Known Member
Both gold and silver are both barely hanging in there at 2 month support levels, so the odds aren't bad that it could drop a bit more short term. Gold looks on less solid ground in USD than AUD.
So maybe worth holding off if you are penny pinching and already have decent holdings.
If it retraces back to AU$2000 I'll start backing up the truck.
So maybe worth holding off if you are penny pinching and already have decent holdings.
If it retraces back to AU$2000 I'll start backing up the truck.
And with that opportunity you’ll be able to put your commo ideals into practice and give away all the profits you make in the future to all the Filipino maids and local cleaners that are all exploited by capitalists in HK.
Or you could just keep your profits and they can all go back to the Phillipines and get jobs as prostitutes and drug mules.
https://www.reuters.com/article/asi...mand-china-awaits-trade-verdict-idUSL3N26I37F
Retail demand to fall?
Retail demand to fall?
The charts are definitely suggesting 1430 or thereabouts but the price has been surprisingly resilient over the last few sessions considering lower demand that has been described.
From what Ive been listening to, the various financial institutions and government bureaucracies in London have been putting in place measures in the event that Brexit does occur. For example foreign European banks will be able to continue trading in Britain without current licenses being voided, trade contracts can continue etc. The players most affected by any potential changes are already all over it.
What this means for gold I'm unsure. But we may see 24 - 48 hrs of turmoil as the market toys with the idea that the world will end - this may result in a brief spike in the POG as it did during the 2017 referendum result, but then after the dust settles the POG may drop a little. So if anyone is considering selling and taking some cards off the table, October 31 may be worth keeping an eye on.
Correct. My old shop, was a multinational with large UK / Euro ops and they started preparing back in 2016 for this by setting up new entities in the EU to ensure no impact once Brexit was real. All other insto's would have done same.
Will there be some level of turmoil just after Brexit, yes but I think the financial markets have sorted out any issues thus I think it'll come down to commerce and trade issues to be ironed out due to re-instated customs border. Watch the UK news play that a treat with lines of lorries waiting at customs points.
mrsilverservice
Well-Known Member
Market Closed - $2,204.01
AUD - $0.68
I now firmly believe that Gold will struggle to go over $2,300 again soon unless
I am not saying it won't or even go "much higher" maybe sooner than later but I expect that a real world shock like we have never seen before will doing the trick
and if it does what kind of world will you be living in 
But saying that Gold like everything else has it's limits and will run out of benefit eventually not giving you what you had hoped like peace of mind,or even food,water and shelter.
If you want to find hope for all seasons read below -
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The Book of John Chapter 3 verse 16
For God so loved the world that He sent His one and only begotten Son,that whosoever believes in Him shall not perish but have ever lasting life
AUD - $0.68
I now firmly believe that Gold will struggle to go over $2,300 again soon unless
I am not saying it won't or even go "much higher" maybe sooner than later but I expect that a real world shock like we have never seen before will doing the trick
and if it does what kind of world will you be living in But saying that Gold like everything else has it's limits and will run out of benefit eventually not giving you what you had hoped like peace of mind,or even food,water and shelter.
If you want to find hope for all seasons read below -
-
The Book of John Chapter 3 verse 16
For God so loved the world that He sent His one and only begotten Son,that whosoever believes in Him shall not perish but have ever lasting life