Warlord Posted August 4, 2020 Share Posted August 4, 2020 1 minute ago, warpig said: I was just thinking the same... RPI vs CPI What about in M3? (i.e actual expansion of the money supply); Quote Link to comment Share on other sites More sharing options...
warpig Posted August 4, 2020 Share Posted August 4, 2020 2 minutes ago, Warlord said: What about in M3? (i.e actual expansion of the money supply); That's only one element of it... I've no idea how you would calculate it unless shadowstats have created something... I suppose the point is - even using their own bogus methodology it's still 25% undervalued from it's all time high in real terms... Quote Link to comment Share on other sites More sharing options...
Errol Posted August 4, 2020 Share Posted August 4, 2020 Quote Link to comment Share on other sites More sharing options...
warpig Posted August 4, 2020 Share Posted August 4, 2020 Gold reached $12,000.11... wow! ? https://www.ft.com/content/566dd8f7-7efe-45b6-8a44-b20f7f0f283e Quote Link to comment Share on other sites More sharing options...
Errol Posted August 4, 2020 Share Posted August 4, 2020 Glitch in the matrix. Gives you a glimpse of the future. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted August 4, 2020 Share Posted August 4, 2020 Just now, warpig said: Gold reached $12,000.11... wow! ? https://www.ft.com/content/566dd8f7-7efe-45b6-8a44-b20f7f0f283e Quote Link to comment Share on other sites More sharing options...
Fishfinger Posted August 4, 2020 Share Posted August 4, 2020 now $2008 so looks like we're over that wall of worry.... Quote Link to comment Share on other sites More sharing options...
Warlord Posted August 4, 2020 Share Posted August 4, 2020 Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted August 4, 2020 Share Posted August 4, 2020 silver approaching $26 Quote Link to comment Share on other sites More sharing options...
warpig Posted August 4, 2020 Share Posted August 4, 2020 34 minutes ago, Roman Roady said: ? Quote Link to comment Share on other sites More sharing options...
cnick Posted August 4, 2020 Share Posted August 4, 2020 29 minutes ago, Fishfinger said: now $2008 so looks like we're over that wall of worry.... Bye bye $2k......? Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted August 4, 2020 Share Posted August 4, 2020 4 minutes ago, cnick said: Bye bye $2k......? 2015 and climbing Quote Link to comment Share on other sites More sharing options...
warpig Posted August 4, 2020 Share Posted August 4, 2020 $2020... and still climbing... good day! Quote Link to comment Share on other sites More sharing options...
reddog Posted August 4, 2020 Share Posted August 4, 2020 Just took my eye off the gold price for a few hours!! It actually look like it was stuck in a range around $1975 for a few days, anyone any idea as to what caused lift off? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted August 4, 2020 Share Posted August 4, 2020 7 minutes ago, reddog said: Just took my eye off the gold price for a few hours!! It actually look like it was stuck in a range around $1975 for a few days, anyone any idea as to what caused lift off? Trump's miracle economy is getting worse not better. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted August 4, 2020 Share Posted August 4, 2020 Great to see everyone mega bullish. ? No pullback to 1650/1800 possible. Quote Link to comment Share on other sites More sharing options...
warpig Posted August 4, 2020 Share Posted August 4, 2020 (edited) 1 hour ago, reddog said: anyone any idea as to what caused lift off? No... can't find any good explanation for it yet... apart from my last screenshot and the fact the dollar's down a bit... but nothing to justify this move. Even the VIX is down... everything else fairly normal apart from PMs. Platinum' had a good day too. Even factory orders were up on expectations... expected 4.6% actual 6.2% Edited August 4, 2020 by warpig Quote Link to comment Share on other sites More sharing options...
Warlord Posted August 5, 2020 Share Posted August 5, 2020 Gold breaks a new milestone at $2000. New thousand dollar milestones will start dropping like dominos. GDX makes a new high for the year. Crashing dollar will leave many broke millionaires. Fed codifying commitment to reckless money printing and endless inflation. 16 year olds lip-syncing is not a national security threat. Quote Link to comment Share on other sites More sharing options...
warpig Posted August 5, 2020 Share Posted August 5, 2020 $2,035 and still going... I think we promised we'd wake G0ldfinger up when gold spikes $100 in a day. We're getting close... Quote Link to comment Share on other sites More sharing options...
Pop321 Posted August 5, 2020 Share Posted August 5, 2020 10 hours ago, warpig said: No... can't find any good explanation for it yet... apart from my last screenshot and the fact the dollar's down a bit... but nothing to justify this move. Even the VIX is down... everything else fairly normal apart from PMs. Platinum' had a good day too. Even factory orders were up on expectations... expected 4.6% actual 6.2% I don’t think this is a appetite for gold but rather an appetite for anything other than currency, stocks etc. Amateurs and professionals now looking at gold. We are a third of the way through a pandemic (well certainly the economic consequences) and governments are throwing money all over the place. I think the reason for the hike is the bears are now the realists and everyone is starting to feel jittery. I am feeling it with my own savings and I am pretty sure if I was managing a massive pension fund I would be looking for hedge investments including gold. In Gold we Trust....? Quote Link to comment Share on other sites More sharing options...
warpig Posted August 5, 2020 Share Posted August 5, 2020 1 minute ago, Pop321 said: I don’t think this is a appetite for gold but rather an appetite for anything other than currency, stocks etc. Amateurs and professionals now looking at gold. We are a third of the way through a pandemic (well certainly the economic consequences) and governments are throwing money all over the place. I think the reason for the hike is the bears are now the realists and everyone is starting to feel jittery. I am feeling it with my own savings and I am pretty sure if I was managing a massive pension fund I would be looking for hedge investments including gold. In Gold we Trust....? I generally agree with you, but I'd refine it further. I'd say this is money fleeing the bond market and negative real rates... there's obviously a fear factor as well. The stock market is also benefiting from bond market capital inflows. To boil it down further... I think it's really just a move from public to private assets. Quote Link to comment Share on other sites More sharing options...
Pop321 Posted August 5, 2020 Share Posted August 5, 2020 1 minute ago, warpig said: I generally agree with you, but I'd refine it further. I'd say this is money fleeing the bond market and negative real rates... there's obviously a fear factor as well. The stock market is also benefiting from bond market capital inflows. To boil it down further... I think it's really just a move from public to private assets. Understood and thx. The level of expertise, debate and consideration of wider factors on this huge thread is much deeper than my knowledge re gold and I would bow to it Mine is just a surface 2D viewpoint and its definitely feeling jittery. Quote Link to comment Share on other sites More sharing options...
cnick Posted August 5, 2020 Share Posted August 5, 2020 26 minutes ago, warpig said: $2,035 and still going... I think we promised we'd wake G0ldfinger up when gold spikes $100 in a day. We're getting close... Anyone have an idea as to how many ounces of physical would have to be traded to move the 'market' by $100...... .....or just a rough idea?? Quote Link to comment Share on other sites More sharing options...
Locke Posted August 5, 2020 Share Posted August 5, 2020 3 minutes ago, cnick said: Anyone have an idea as to how many ounces of physical would have to be traded to move the 'market' by $100...... .....or just a rough idea?? Wouldn't it depend on the direction also? Large volumes both sell and buy side would churn rather than move in either direction. Quote Link to comment Share on other sites More sharing options...
Locke Posted August 5, 2020 Share Posted August 5, 2020 19 minutes ago, warpig said: I generally agree with you, but I'd refine it further. I'd say this is money fleeing the bond market and negative real rates... there's obviously a fear factor as well. The stock market is also benefiting from bond market capital inflows. To boil it down further... I think it's really just a move from public to private assets. The outsize move in silver says more I think. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.