warpig Posted December 8, 2020 Report Share Posted December 8, 2020 @warpigdon't apologise for talking about silver. We all know the self appointed forum policeman will come along soon to tell you off... lol For me talking about silver is fine. We can't talk gold every post and the two are intrinsically linked IMO I kind of agree with keeping things separate... to a point. The Bitcoin thread wouldn't want it to be over run with discussions about gold... each thread has its audience. Having said that... and as you point out, it's near on impossible to talk about things in isolation... especially when they're "intrinsically" linked! 👍 Quote Link to post Share on other sites
warpig Posted December 8, 2020 Report Share Posted December 8, 2020 I like this chart... anyone fancy another 10 year parabolic gold run? https://freedom.solari.com/rambus-blockbuster-chartology/ Quote Link to post Share on other sites
markyh Posted December 8, 2020 Report Share Posted December 8, 2020 I like this chart... anyone fancy another 10 year parabolic gold run? https://freedom.solari.com/rambus-blockbuster-chartology/ Hope so, i still have £ five figures invested in Gold / Gold miners in my SIPP that i dont plan to sell for another 15+ years. I wont add anymore as it's been a crap trade since 2010, but i not getting out either, just holding for the future. Mind you it's all paper gold, shares and ETF's, my only physical gold is 14ct and is around my neck 24/7/365!!! Quote Link to post Share on other sites
Warlord Posted December 8, 2020 Report Share Posted December 8, 2020 (edited) Hope so, i still have £ five figures invested in Gold / Gold miners in my SIPP that i dont plan to sell for another 15+ years. I wont add anymore as it's been a crap trade since 2010, but i not getting out either, just holding for the future. Mind you it's all paper gold, shares and ETF's, my only physical gold is 14ct and is around my neck 24/7/365!!! How do you intend to pay for Xmas? I know you have a family etc. You could always cash in some of your gold or BTC gains but you'll have to pay CGT (I think?)> You should buy physical bullion.. Edited December 8, 2020 by Warlord Quote Link to post Share on other sites
warpig Posted December 8, 2020 Report Share Posted December 8, 2020 Hope so, i still have £ five figures invested in Gold / Gold miners in my SIPP that i dont plan to sell for another 15+ years. I wont add anymore as it's been a crap trade since 2010, but i not getting out either, just holding for the future. Mind you it's all paper gold, shares and ETF's, my only physical gold is 14ct and is around my neck 24/7/365!!! The coming currency reset will set gold on fire. Quote Link to post Share on other sites
markyh Posted December 8, 2020 Report Share Posted December 8, 2020 How do you intend to pay for Xmas? I know you have a family etc. You could always cash in some of your gold or BTC gains but you'll have to pay CGT (I think?)> You should buy physical bullion.. I have no interest in physical bullion atm , if i hit my Crypto targets and sell 50% in 2021 , 50% of that six figure cash sum (also will be six figures) will go into physical gold, some coins, most will be via my bullionvault.com sitting with a lowly £30 of goldust left in it from 2007-2009. Yikes man, you will never get rich selling hard assets to pay for consumption! I have a constant DD for £200 pcm that is solely for Xmas, It runs December to Nov every year, 95% of Xmas spending goes on credit cards, in Jan i use the £2400 saved to clear the credit card. Makes the wife very happy to have a decent Xmas budget. TBH all that money comes from shopping at Aldi and not Waitrose / Tesco , our £450 pcm monthly Aldi food bill would be over £700 at Waitrose / Tesco. £200 pcm from a £5k net income pcm is nothing. I budget our whole life with DD into various "squirrel" accounts. £85 pcm for car repairs, tyres and car tax (currently £0 p/a, all electric!!) , £100 pcm into another for car insurance, £200 pcm for Xmas, £100 pcm to cover birthdays and other smaller ones. If in the next 5 years my non SIPP investments can clear my mortgage, that's another £1630 pcm freed up from £5k pcm family take home, at which point i semi retire, just put maintaining effort into my lifestyle business i set up in 2018. Quote Link to post Share on other sites
Warlord Posted December 8, 2020 Report Share Posted December 8, 2020 Fair enough @markyhyou're a lot better with money and budgets than me but I don't have a family so it's okay # Quote Link to post Share on other sites
azogar Posted December 8, 2020 Report Share Posted December 8, 2020 Quote Link to post Share on other sites
azogar Posted December 8, 2020 Report Share Posted December 8, 2020 anyone else feel like this is the calm before the storm? so many things happening at the mo... so many pinch points in the markets, the bi-polarisation in the US getting worse day by day etc Quote Link to post Share on other sites
warpig Posted December 8, 2020 Report Share Posted December 8, 2020 Just trying to work out what DXY is up to... What is a Biden win going to do to it I wonder... Quote Link to post Share on other sites
azogar Posted December 8, 2020 Report Share Posted December 8, 2020 Just trying to work out what DXY is up to... What is a Biden win going to do to it I wonder... contrarian in me says dollar rise... esp., if biden win. markets get confirmation (i.e. the lawsuits are all thrown out) of what they know... Quote Link to post Share on other sites
warpig Posted December 8, 2020 Report Share Posted December 8, 2020 contrarian in me says dollar rise... esp., if biden win. markets get confirmation (i.e. the lawsuits are all thrown out) of what they know... For me it depends what else happens... we know calamitous markets in the event of a shock, will propel USD higher... debts are settled in the reserve currency... that aside... Trump is "America first"... and so with a Trump win - I would expect USD to rise... the fossil fuel industry lives to fight another day and the reserve currency will last another 4 years. If however Biden wins... he's going to kill the fossil fuel industry in the US... he's going to rejoin the Paris Accord and surrender the reserve currency to an international organisation like the BIS/UN... The question is... how much of this is priced in and what does the market take as fact and hearsay? Interesting that gold is targeting the January Inauguration... That kind of tells me the fate of the US determines gold's short term fate. Having said that... I agree... looking at that chart makes me think USD is due a bounce, but in 6 days the Electoral College are supposed to vote... I think next Monday will show the way forward whatever happens. Quote Link to post Share on other sites
warpig Posted December 8, 2020 Report Share Posted December 8, 2020 Thinking about the weighting of EUR and GBP against the DXY... might mean BREXIT causes USD to rise... seems likely IMO. Quote Link to post Share on other sites
azogar Posted December 8, 2020 Report Share Posted December 8, 2020 For me it depends what else happens... we know calamitous markets in the event of a shock, will propel USD higher... debts are settled in the reserve currency... that aside... Trump is "America first"... and so with a Trump win - I would expect USD to rise... the fossil fuel industry lives to fight another day and the reserve currency will last another 4 years. If however Biden wins... he's going to kill the fossil fuel industry in the US... he's going to rejoin the Paris Accord and surrender the reserve currency to an international organisation like the BIS/UN... The question is... how much of this is priced in and what does the market take as fact and hearsay? Interesting that gold is targeting the January Inauguration... That kind of tells me the fate of the US determines gold's short term fate. Having said that... I agree... looking at that chart makes me think USD is due a bounce, but in 6 days the Electoral College are supposed to vote... I think next Monday will show the way forward whatever happens. (my bold) hope so. I expect a few 'fake' breakouts in different market pinch points beforehand! Quote Link to post Share on other sites
warpig Posted December 8, 2020 Report Share Posted December 8, 2020 (my bold) hope so. I expect a few 'fake' breakouts in different market pinch points beforehand! I'd agree with this... even if Biden sells the US out, resolving the post election argument will be seen as a short term positive for USD... If Trump somehow pulls a rabbit out of the hat... everything's going to go mental! Quote Link to post Share on other sites
azogar Posted December 8, 2020 Report Share Posted December 8, 2020 Thinking about the weighting of EUR and GBP against the DXY... might mean BREXIT causes USD to rise... seems likely IMO. possible tho the NI issue has been resolved now but the reality is yet to begin. In a way the 'uncertainty' in the US at the mo is fuelling this market - don't ask me why?! Quote Link to post Share on other sites
warpig Posted December 8, 2020 Report Share Posted December 8, 2020 Whoever said "may you live in interesting times" - was an arsehole. Quote Link to post Share on other sites
azogar Posted December 8, 2020 Report Share Posted December 8, 2020 (edited) the elephant in the room hello elephant edit - not trying to be confrontational posting that but it was primarily for the facts... the sentiment tho is the whole point as well upon reflection Edited December 8, 2020 by azogar Quote Link to post Share on other sites
azogar Posted December 9, 2020 Report Share Posted December 9, 2020 Dalle @dalle2020 $Gold/M2 Money Stock Cycle Update, daily V-shaped recovery from IC4-ICL5-IC5. FBO at ICL5 (bounced off support and MA200, weekly). BT of long term channel support and now moving into IC5. As long as M2 is expanding Gold will continue its journey towards ICH5. Quote Link to post Share on other sites
azogar Posted December 9, 2020 Report Share Posted December 9, 2020 (edited) Patrick Karim @badcharts1 'Okay, strong move for a while, does sugar now need a breather? Very close to some generational breakout action... Can you spell I-N-F-L-A-T-I-O-N!' @warpig... more of these big pinch points we were talking about edit - warpig some analysis re. $USD Edited December 9, 2020 by azogar Quote Link to post Share on other sites
markyh Posted December 9, 2020 Report Share Posted December 9, 2020 Patrick Karim @badcharts1 'Okay, strong move for a while, does sugar now need a breather? Very close to some generational breakout action... Can you spell I-N-F-L-A-T-I-O-N!' @warpig... more of these big pinch points we were talking about edit - warpig some analysis re. $USD Why would you get long term inflation in sugar? I't's not like you cant grow more of it!!! Quote Link to post Share on other sites
jiltedjen Posted December 9, 2020 Report Share Posted December 9, 2020 also there is a huge long term trend to reduce sugar intake, just as there is to reduce smoking Quote Link to post Share on other sites
azogar Posted December 15, 2020 Report Share Posted December 15, 2020 you anti-charting guys don't realise the symmetry in nature is the same in charts 😅😁 Quote Link to post Share on other sites
markyh Posted December 15, 2020 Report Share Posted December 15, 2020 you anti-charting guys don't realise the symmetry in nature is the same in charts 😅😁 Great, is the price going to go up or down, by how much, and when? You dont know as the charts cant tell you the future. Quote Link to post Share on other sites
azogar Posted December 15, 2020 Report Share Posted December 15, 2020 Great, is the price going to go up or down, by how much, and when? You dont know as the charts cant tell you the future. Ok so same applies to your btc chart predictions? Also, i will make you a chart prediction for silver with a price range and timing and if im right i win, if im wrong you win. Agreed? Quote Link to post Share on other sites
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