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Gold To Break $2,000/oz Barrier

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Surprising to see this all of a sudden. Bit of an about turn by the MSM, then again the Mail on Sunday said it was a bubble, so they're not all singing off the same hymn sheet yet. Which is good , when we get to that stage bubble worries will start coming to mind. I prefer it when everyone hates gold, it's been a fantastic contrarian bet so far.

Article is a good start in telling the public the truth though, but its estimates are very tame. $5000/Oz by 2020? That'll be cheap by then.

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Surprising to see this all of a sudden. Bit of an about turn by the MSM, then again the Mail on Sunday said it was a bubble, so they're not all singing off the same hymn sheet yet. Which is good , when we get to that stage bubble worries will start coming to mind. I prefer it when everyone hates gold, it's been a fantastic contrarian bet so far.

Article is a good start in telling the public the truth though, but its estimates are very tame. $5000/Oz by 2020? That'll be cheap by then.

Time to sell methinks (at least for now). Good read in the Daily Reckoning this am...even goldbug Bill Bonner thinks a 15% correction may be on the cards. I have a mate at Morgan Stanley in NY who is saying that QE is finished in the US. The Republicans have had enough of the crap (linked to the budget crisis as well) so that's it for Bernanke....even whispers that a few of them may join Ron Paul in really attacking the Fed as "unconstitutional" finally. All this isn't good news for gold short term.

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Time to sell methinks (at least for now). Good read in the Daily Reckoning this am...even goldbug Bill Bonner thinks a 15% correction may be on the cards. I have a mate at Morgan Stanley in NY who is saying that QE is finished in the US. The Republicans have had enough of the crap (linked to the budget crisis as well) so that's it for Bernanke....even whispers that a few of them may join Ron Paul in really attacking the Fed as "unconstitutional" finally. All this isn't good news for gold short term.

And what will happen when the US stops QE? They will have to make drastic cuts, as QE is paying the bills right now. Cue total collapse of economy and the dollar. When the dollar collapses so do all the other fiat currencies backed by it, which is all of them. What about the price of gold then?

I for one will not be selling or trading for short term profit, I refer you to the following treatise I chanced upon by an unknown author a while back, any gold investor should pay good heed to it:

Top callers ... wrong again ... are either out of their positions or worse, short. Top callers come out of the woodwork for years. The Jon, (NitWits), Nadlers are screaming bloody murder today with Gold and Silver going to these "unjustified" levels. Top callers have been WRONG for 10 years running but their past calls were never as dangerous as now.

Trade very little and carefully, or better, not at all. We now face BIG events that will certainly be "outside the box".... a global currency crisis with dimensions never seen before.

Do you feel "lucky" ... maybe make a couple of good trades and "feel good"? Of course, but the real risk now is being "in" when all hell breaks loose. Being "in" paper is where you will be if you are "out" of Gold.

Where's the upside of trading in and out ... the risk is that the music stops suddenly and only those with Gold and Silver assets will survive. How can anyone recommend playing Russian roulette with your financial future ... your loved ones? This is exactly what top callers are doing. Top callers are assuming that "this CORRUPT system" will survive.

Assume that this current fiat system will die... go the way of every single one before it... die to be transformed. "Money" will be "changed" ... shape... form... value!, and much less purchasing power. Devaluations are about stripping purchasing power... not spreading wealth from helicopters.

"Staying on the Bull" is the hardest thing to do.

If you were bright enough back in 1999 or 2000 to enter the precious metals arena, you have done VERY well so far...But! Yes it is a BIG BIG "but" ... if you now decide "OK I made enough to retire" or whatever, where do you place your wealth?

Exiting and cashing in your gains will only put you in front of the same oncoming train that those who don't have a clue are about to be hit by.

Made a Million? ... now decide to "cash out" for a month or so expecting a pullback in Gold. What happens if you wake up Wednesday to a $100/day move up? And $200 on Thursday and $300 on Friday?

What's your mindset over the weekend?

Sunday night it is announced that Monday and for an indefinite time will be a bank AND market holiday?

You were SO right for 10 long years and are only wrong for 1 day. The people who were right on the most important day of all will survive, you will not. No one knows... (except for the dirty Mafia insiders) when this thing will break apart at the seams. You just cannot trade and RISK losing everything by being on the sidelines in trash cash.

Anyone who suggests that you trade your metals positions are doing a huge disservice and need to have their MORONIC heads examined. If Gold pulls back ... so what...for how long and to what level? You might be right in the short term. But take very little to no risk with your entire financial future. Is it worth the gamble?

DO NOT get cute and think you are smarter than a Mafia manipulated market. There are many many smart traders bankrupted during normal times. Stick to home base and don't let loose of even one ounce nor one share because if you are not right immediately you will be. Who cares if it is "later" and you must live through another correction, this battle's winners will have the power and the money for the next 100 years.

THIS is not a trade, it is a important strategic position that must be in place when the music stops if you expect to survive the coming events.

Don't let ANYONE fool ... con ... you into giving up the only asset that will protect you.

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"Staying on the Bull" is the hardest thing to do.

If you were bright enough back in 1999 or 2000 to enter the precious metals arena, you have done VERY well so far...But! Yes it is a BIG BIG "but" ... if you now decide "OK I made enough to retire" or whatever, where do you place your wealth?

Exiting and cashing in your gains will only put you in front of the same oncoming train that those who don't have a clue are about to be hit by.

That's the great thing about holding physical... you don't get tempted to get cute trading in and out.

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Yeah you don't sell in a bull market, just buy the dips. Its a bull market because the fiat currencies are coming to the end of their cycle, they're imploding on themselves. Debt based (interest based) fiat currencies always have come to an end and the next trusted monetary substance will always do very well during that end game and the end game is not here yet but its so on the cards in untrue.

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  • 284 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%



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