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Thread: Gold @ $1,528

  1. #61
    Quote Originally Posted by oyarde View Post
    Post a pic of your 1 KG koala .
    I aint got one! Tempted though.



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  3. #62
    Quote Originally Posted by Warlord View Post
    I aint got one! Tempted though.
    You deserve it .
    Do something Danke

  4. #63
    Quote Originally Posted by oyarde View Post
    You deserve it .
    All my spare funds are going into gold because the next leg up is 1800 so I think its good value at the moment.

  5. #64
    Wholesale gasoline 1.72 , retail gasoline 2.60 , Copper steady @ 2.80 , Palladium over 2K for two days , Rhodium steady @ 7K , Nat Gas 2.16 , heating oil steady @ 2.03 , Dow still @ 28500. Everything looks pretty steady .
    Do something Danke



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  7. #65
    Quote Originally Posted by oyarde View Post
    Wholesale gasoline 1.72 , retail gasoline 2.60 , Copper steady @ 2.80 , Palladium over 2K for two days , Rhodium steady @ 7K , Nat Gas 2.16 , heating oil steady @ 2.03 , Dow still @ 28500. Everything looks pretty steady .
    Wait until London opens in 2 hours. Or maybe the market thinks this is it but I suspect the Iranian's aren't finished yet.

  8. #66
    Barring any escalation in the Iran warm war, it looks like gold hit a near term peak. Silver and miners never broke through a long standing upper resistance. I would expect a pull back for the next 6 months.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate. - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  9. #67
    Quote Originally Posted by Brian4Liberty View Post
    Or a short squeeze.

    Sometimes a cigar is just a cigar.

    I couldn't have traded this worse and feel like complete $#@! despite this being about as obvious as gets for a trade but at least I was right on an internet forum.

  10. #68
    Quote Originally Posted by Krugminator2 View Post
    Sometimes a cigar is just a cigar.

    I couldn't have traded this worse and feel like complete $#@! despite this being about as obvious as gets for a trade but at least I was right on an internet forum.
    Interesting. And I sold very close to the peak. But that’s because I long ago set my sell prices. No reason to let short term emotion interfere.

    The markets are pushed one way or another by the big players, and they don’t trade on short term emotion. If they want the markets to really move one way or another, they make it move. If gold had continued to go up, there would have been a short squeeze and containment would have been lost.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate. - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  11. #69
    I think devil mentioned it earlier, but this "war premium" in gold/silver is happening while there appears to be significant structural issues with the COMEX gold/silver market. I imagine that the run up in price is due to institutional investors (hedge funds, etc.) who are happy with "paper gold", but if demand shifts for actual physical metal, things could get real interesting.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  12. #70
    Quote Originally Posted by Bern View Post
    I think devil mentioned it earlier, but this "war premium" in gold/silver is happening while there appears to be significant structural issues with the COMEX gold/silver market. I imagine that the run up in price is due to institutional investors (hedge funds, etc.) who are happy with "paper gold", but if demand shifts for actual physical metal, things could get real interesting.
    There is massive monetary inflation. Prices of everything are “going up” in terms of the devaluating fiat currency. Manipulation is taking place to prevent gold from being a clear barometer on that monetary inflation. The entire system demands it. “Paper gold” is key to that manipulation.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate. - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  13. #71
    I'm still buying Krugerands as long as gold is under 1600. im a long term investor and can only see it heading towards 1800

  14. #72
    Quote Originally Posted by Warlord View Post
    I'm still buying Krugerands as long as gold is under 1600. im a long term investor and can only see it heading towards 1800
    Just to take a WAG, gold may bottom in the summer around 1475. No doubt the pros have a price around that point where they will start to buy again.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate. - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.



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  16. #73
    Quote Originally Posted by Brian4Liberty View Post
    Just to take a WAG, gold may bottom in the summer around 1475. No doubt the pros have a price around that point where they will start to buy again.
    Gold is holding at 1550. Previous resistance becomes support. I'm hoping it doesn't breach that otherwise you might be right.

  17. #74
    Quote Originally Posted by Krugminator2 View Post
    Most important fundamental reason is commericial hedgers (i.e. smart money in futures market) are the most net short they have been since 2016.
    Commercials are the most net short not only since 2016 but since forever, and by far: in 2016 they were 300,000 contracts net short, today it's 10% more, 330,000.

    B4L is right when he points to a potential short squeeze as the reason why they kept a lid on it.
    Had the price kept climbing up, the first shorts had started to close their positions on the upside, starting the avalanche.
    Don't forget that among the shorts there are not only hedgers but specs too.

    Commercials have to close they positions and clear the COT.
    I've tried to look at how much the gold price sunk in the past in order to allow the shorts to close big positions (still much less than today).
    In 2013 the gold price sunk around 30%, 2016 10%, 2018 almost 10%

    https://www.barchart.com/futures/com...al-charts/GC*0

    So, based on the Cot only, sub 1400 seems to be in the cards.
    If that happens though, it will stay there for a very short time.

    On the other hand there is A. Maguire's prediction
    https://www.tfmetalsreport.com/podca...andrew-maguire

  18. #75
    Quote Originally Posted by Paul799 View Post
    Commercials are the most net short not only since 2016 but since forever, and by far: in 2016 they were 300,000 contracts net short, today it's 10% more, 330,000.

    B4L is right when he points to a potential short squeeze as the reason why they kept a lid on it.
    Had the price kept climbing up, the first shorts had started to close their positions on the upside, starting the avalanche.
    Don't forget that among the shorts there are not only hedgers but specs too.

    Commercials have to close they positions and clear the COT.
    I've tried to look at how much the gold price sunk in the past in order to allow the shorts to close big positions (still much less than today).
    In 2013 the gold price sunk around 30%, 2016 10%, 2018 almost 10%

    https://www.barchart.com/futures/com...al-charts/GC*0

    So, based on the Cot only, sub 1400 seems to be in the cards.
    If that happens though, it will stay there for a very short time.

    On the other hand there is A. Maguire's prediction
    https://www.tfmetalsreport.com/podca...andrew-maguire
    For a good amount of time gold was around 1200 , every few months it would move to 1300 then back to 1100 or 1200 and then back . So a 200 swing. I just tried to buy some at 1100 and sell a little at 1300 . If the swing now is 1300 to 1600 or what it could be the same .
    Last edited by oyarde; 01-10-2020 at 10:17 AM.
    Do something Danke

  19. #76
    Dow at 29k now and gold 1560.00 . Silver and gold both look to have upside . You can get an ounce of silver for the cost of 7 gal of gas or 3 1/3 lbs of bacon and most people do not have any .
    Last edited by oyarde; 01-10-2020 at 10:21 AM.
    Do something Danke

  20. #77


    1145
    Last edited by bv3; 01-15-2020 at 01:49 AM.

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