Jump to content
House Price Crash Forum
Sign in to follow this  
Quiet Guy

Gold Swoons

Recommended Posts

Zero Hedge point out an (alleged) link between central bankers promising honest money and a recent lurch in the price of the shiny stuff.

http://www.zerohedge.com/article/gold-swoons-after-central-banks-promise-never-debase-currencies-again

If it's that simple, we only have to wait for the next QE for gold to start performing again. How long do you think that will take? :rolleyes:

Share this post


Link to post
Share on other sites

Zero Hedge point out an (alleged) link between central bankers promising honest money and a recent lurch in the price of the shiny stuff.

http://www.zerohedge.com/article/gold-swoons-after-central-banks-promise-never-debase-currencies-again

If it's that simple, we only have to wait for the next QE for gold to start performing again. How long do you think that will take? :rolleyes:

Truncated link again, but I think I glanced at this earlier. I think they were being sarcastic about central banks promising not to debase ever again! The real reason is more likely some profit taking or maybe that the record number of shorts on the futures market by the usual suspects, JPM, Barclays, HSBC etc. have gained a little traction on the price of paper gold. Might shake out a few weak hands, but nothing to worry about in the medium term.

Share this post


Link to post
Share on other sites

Massive selling volume in GLD, and huge accumulation in DZZ today (see attached), that's the manipulators at work, the shorts are all the work of the big banks desperately trying to keep their fat money for nothing merry-go-round going.

Fighting the tide springs to mind.

post-20010-011565800 1286491993_thumb.png

post-20010-052756300 1286491999_thumb.png

post-20010-011565800 1286491993_thumb.png

post-20010-052756300 1286491999_thumb.png

Edited by General Congreve

Share this post


Link to post
Share on other sites

The price needed a correction, can't see it going much below 1330,IMO

Can't believe I'm looking at gold 1330 and thinking 'Wow that's cheap'! :D

Edited by goldfever

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 153 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.