warpig Posted April 23 Share Posted April 23 This is the implication for NATO seizing Russian assets and giving them to Ukraine. People won't by US bonds, they'll buy gold. This price action is normal... it reached the top of the channel, traders - trade. It will be short lived as war is in vogue because of peak oil, peak uranium etc... Quote Link to comment Share on other sites More sharing options...
Dreamcasting Posted April 23 Share Posted April 23 Looks like another great day for everything other than gold and silver once again. Gold currently down, silver barely even +0.18% lol Stock markets and crypto steaming ahead Quote Link to comment Share on other sites More sharing options...
nero120 Posted April 23 Share Posted April 23 5 minutes ago, Dreamcasting said: Looks like another great day for everything other than gold and silver once again. Gold currently down, silver barely even +0.18% lol Stock markets and crypto steaming ahead Everything is awesome! Quote Link to comment Share on other sites More sharing options...
The Angry Capitalist Posted April 23 Share Posted April 23 5 hours ago, nero120 said: They are really trying to hammer gold down in the futures market! I think though there are just too many fundamentals pushing the price higher. All this will do is allow the recent big physical buyers (CBs/SWFs/FOs/etc) to load up on cheaper physical gold... or perhaps that's the idea...? The US is just borrowing insane amounts of money, 10 year treasury auctions are going to get more and more difficult as there just aren't the buyers out there for such a large supply at these yields. More and more are simply going to opt to store their reserves in physical gold. Not sure it's that. Gold has gone up a lot in a short space of time. The bull market has resumed. You always get plenty of sellers when prices rise. That's normal in any bull market. This is just people getting shaken off the raging bull before it goes into full force. How long sellers overwhelm buyers in this price range is anyone's guess. Maybe the price goes down $100 to $200 before it goes higher again. Quote Link to comment Share on other sites More sharing options...
nero120 Posted April 23 Share Posted April 23 (edited) 5 minutes ago, The Angry Capitalist said: Not sure it's that. Gold has gone up a lot in a short space of time. The bull market has resumed. You always get plenty of sellers when prices rise. That's normal in any bull market. This is just people getting shaken off the raging bull before it goes into full force. How long sellers overwhelm buyers in this price range is anyone's guess. Maybe the price goes down $100 to $200 before it goes higher again. Note the telltale 3am globex monkeyhammer, classic BIS/CB attempt to smash the gold futures price as low as possible taking advantage of thin volume. But, it's already recovered! Sorry b(w)ankers! Edited April 23 by nero120 Quote Link to comment Share on other sites More sharing options...
The Angry Capitalist Posted April 23 Share Posted April 23 1 hour ago, nero120 said: Note the telltale 3am globex monkeyhammer, classic BIS/CB attempt to smash the gold futures price as low as possible taking advantage of thin volume. But, it's already recovered! Sorry b(w)ankers! Yes. They play their games. Short term they can make the price go wherever they want. But gold went from $200 to $1900+ from 200 to 2011. It will go to $5,000 in this cycle. Just a question of time. Quote Link to comment Share on other sites More sharing options...
nero120 Posted April 23 Share Posted April 23 24 minutes ago, The Angry Capitalist said: Yes. They play their games. Short term they can make the price go wherever they want. But gold went from $200 to $1900+ from 200 to 2011. It will go to $5,000 in this cycle. Just a question of time. Agreed. Quote Link to comment Share on other sites More sharing options...
sell2rent Posted April 23 Share Posted April 23 https://archive.ph/qvaen Quote Link to comment Share on other sites More sharing options...
sell2rent Posted April 24 Share Posted April 24 8 hours ago, sell2rent said: https://archive.ph/qvaen Sorry for empty link info. It is an FT article about recent large volumes of Chinese gold speculation. Quote Link to comment Share on other sites More sharing options...
ftb_fml Posted May 1 Share Posted May 1 Back down to low £1800s now... extrapolating the linear trend from 2016 suggests it "should" be about £1600-1650; the latest growth probably off the back of geopolitical uncertainly and maybe China's buying.. I suspect now's not a good time to buy but probably worth a punt if it falls another couple of hundred quid. Quote Link to comment Share on other sites More sharing options...
Blobsy Posted May 1 Share Posted May 1 14 minutes ago, ftb_fml said: Back down to low £1800s now... extrapolating the linear trend from 2016 suggests it "should" be about £1600-1650; the latest growth probably off the back of geopolitical uncertainly and maybe China's buying.. I suspect now's not a good time to buy but probably worth a punt if it falls another couple of hundred quid. Good news for me if it falls further as I sold a chunk of non cgt exempt with the intension of buying back brits and sovs. Quote Link to comment Share on other sites More sharing options...
warpig Posted May 3 Share Posted May 3 Interesting... about 3000 tons/year globally Quote Link to comment Share on other sites More sharing options...
Dreamcasting Posted May 3 Share Posted May 3 See how easy it is for the US government to smack the price? Today was a perfect example following the non-farm labour data. In the run-up to the US election where do we see the price of gold in November? Quote Link to comment Share on other sites More sharing options...
nero120 Posted May 3 Share Posted May 3 12 minutes ago, Dreamcasting said: See how easy it is for the US government to smack the price? Today was a perfect example following the non-farm labour data. In the run-up to the US election where do we see the price of gold in November? Yes, but the price recovers quickly after the typical futures smack down these days. In the past, the smack down would trigger more selling, but I don't think that's the case now. If anything it's encouraging even more buying! Quote Link to comment Share on other sites More sharing options...
Dreamcasting Posted May 3 Share Posted May 3 https://www.marketwatch.com/story/gold-is-overvalued-now-and-wont-help-you-beat-inflation-in-coming-years-02cc28ff#:~:text=Gold GC00 as an investment,a Duke University finance professor. Sees gold lagging US inflation by more than 7% a year over the next decade. Fortunately this doesn't apply to any other markets because they're not overvalued. Oh no they're not. 🤡 Quote Link to comment Share on other sites More sharing options...
Blobsy Posted May 3 Share Posted May 3 19 minutes ago, Dreamcasting said: https://www.marketwatch.com/story/gold-is-overvalued-now-and-wont-help-you-beat-inflation-in-coming-years-02cc28ff#:~:text=Gold GC00 as an investment,a Duke University finance professor. Sees gold lagging US inflation by more than 7% a year over the next decade. Fortunately this doesn't apply to any other markets because they're not overvalued. Oh no they're not. 🤡 Yet I heard an interview with a fund manager today saying it will be 15% per annum beating inflation. Just opinions. Nobody knows. Quote Link to comment Share on other sites More sharing options...
nero120 Posted May 3 Share Posted May 3 29 minutes ago, Dreamcasting said: https://www.marketwatch.com/story/gold-is-overvalued-now-and-wont-help-you-beat-inflation-in-coming-years-02cc28ff#:~:text=Gold GC00 as an investment,a Duke University finance professor. Sees gold lagging US inflation by more than 7% a year over the next decade. Fortunately this doesn't apply to any other markets because they're not overvalued. Oh no they're not. 🤡 https://archive.org/details/GoingGoingGoldFT Quote Link to comment Share on other sites More sharing options...
ftb_fml Posted Monday at 20:51 Share Posted Monday at 20:51 Gold's been outpacing inflation for at least the last 10 years, while we seem to be living in an increasingly inflatable world, with currency debasement the standard economic model for dying civilisations. Personally I think gold will do very well over the coming decades. Quote Link to comment Share on other sites More sharing options...
nero120 Posted Monday at 23:49 Share Posted Monday at 23:49 Quote Link to comment Share on other sites More sharing options...
nero120 Posted Tuesday at 00:05 Share Posted Tuesday at 00:05 Just reposting this here as I was genuinely astonished and horrified that a Chinese school teacher could have amassed so much physical gold so quickly! Most people in the west don't have anywhere near that amount of fiat saved, let alone physical gold! I feel like we are on the verge of a re-pricing/devaluation of western currencies against commodities and when it happens, millions and millions of people in the west will not know what hit them. Quote Link to comment Share on other sites More sharing options...
reddog Posted yesterday at 21:01 Share Posted yesterday at 21:01 Quite an interesting video on fake Chinese gold. Interesting it came up on a channel that is not gold related, which suggests there is a real interest in buying gold in China at the moment. Must admit, I'm not sure if some of those videos are fake though. Obviously if I was going to drop £100k on gold, I would buy it all in 1oz coins from multiple places. Not put it all in 1 or 2 bars. Quote Link to comment Share on other sites More sharing options...
nero120 Posted 22 hours ago Share Posted 22 hours ago Quote Link to comment Share on other sites More sharing options...
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