Gold's Glimmering Not a bad start for the New Year

1northcoin · January 2, 2020 10:37AM

Today:

GOLD $1,525.70 (+8.50)

BillDugan1959 · January 2, 2020 10:39AM

War fears.

WillieBoyd2 · January 2, 2020 11:49AM

Greenland

CaptHenway · January 2, 2020 12:04PM

Without wishing to get political, there is a political reality that the President has been impeached. Would this not be expected to affect the Dollar and, by extension, Gold?

Justacommeman · January 2, 2020 12:14PM

@CaptHenway said:
Without wishing to get political, there is a political reality that the President has been impeached. Would this not be expected to affect the Dollar and, by extension, Gold?

I think all that is baked in. Most asset classes are ramping upwards. Money is cheap and everyone wants you to buy, buy, buy.......Ive been 100% long but literally just started taking a few chips off the table and parking in cash.

mark

Unknown · January 2, 2020 12:18PM

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BillDugan1959 · January 2, 2020 6:49PM

War Fears.

habaraca · January 2, 2020 6:53PM

He has NOT been impeached till Papers are send to the Senate Nancy is to scared to send them..... Then Trump can run 2 more times...... All them crooks are running scared

CoinJunkie · January 2, 2020 6:59PM

My take is that when Jerome Powell said recently that the Fed is actively trying to get the inflation rate UP, everyone took him at his word. Interest rates have been rising, fixed income asset prices declining, and the specter of inflation buoys gold. The imminent signing of a "phase one" China deal is also raising expectations of a stronger overall world economy, regardless of whether it turns out to be more ceremony than substance.

Mgarmy · January 2, 2020 7:29PM

You ain’t seen nothing yet I fear.

CaptHenway · January 2, 2020 7:34PM

Check the news channels.

Mgarmy · January 2, 2020 7:37PM

Depending on response gold could go 9/11

Mgarmy · January 2, 2020 7:39PM

Prayers for our brothers deployed in shitty vacation spots

blitzdude · January 2, 2020 7:41PM

The race to the bottom is well underway. Reality TV egos and a bankrupt nation. Semper Fi!

Mgarmy · January 2, 2020 7:44PM

Just hope this is not an arch duke Ferdinand event

Hemispherical · January 2, 2020 7:59PM

Looking for Au and it’s politicAul.

Time to find some Au... elsewhere.

blitzdude · January 2, 2020 8:13PM

@Mgarmy said:
Just hope this is not an arch duke Ferdinand event

Relax, main focus still on golfing and twitter not WW3

Mgarmy · January 2, 2020 8:14PM

That ball is sort of not in his court now

blitzdude · January 2, 2020 8:23PM

@Mgarmy said:
That ball is sort of not in his court now

They can have a twitter WW3 down at that Mara Largo. Invite Putin, Kim Jong, Xi and the other masters. Maybe they can even do a pay per view celebrity death match. My $$$ are on that Putin.

Justacommeman · January 2, 2020 8:29PM

@habaraca said:
He has NOT been impeached till Papers are send to the Senate Nancy is to scared to send them..... Then Trump can run 2 more times...... All them crooks are running scared

That’s not true at all. He’s been 100% impeached. That can’t be undone. He may not be convicted and removed from office but impeached he is.

Bill Clinton was impeached by Congress but not convicted by the Senate and removed from office but he remains one of three presidents to be impeached. Johnson is the other one.

Them are facts. No alternative facts will change that.

mark

crazyhounddog · January 2, 2020 8:31PM

Did someone say political?

Justacommeman · January 2, 2020 8:36PM

@crazyhounddog said:
Did someone say political?

Go figure

m

Mgarmy · January 2, 2020 8:38PM

All this feces soup will lead to gold prices going up but the stock market maybe looking at a retraction if international instability rattles other markets

blitzdude · January 2, 2020 8:39PM

Sorry for getting off topic. Iranian, does look a bit like the rocket man?

Unknown · January 2, 2020 9:21PM

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Justacommeman · January 2, 2020 9:35PM

@hvellente said:

@Justacommeman said:

That’s not true at all. He’s been 100% impeached. That can’t be undone. He may not be convicted and removed from office but impeached he is.

Without fanning flames, at least one Harvard law professor supports @habacara... That's a hot item for debate in other forums... See here:

https://www.nytimes.com/2019/12/20/us/trump-feldman-impeach.html

Not really and I don’t want to fan flames either.

I suppose if Congress never sends over the articles of impeachment to the Senate then maybe there is a debate. That’s all that is saying. But the articles of impeachment will be transmitted eventually so it’s a moot point.

I suppose this is a good time to walk away from this thread. No good can come out of it

Gold is at $1541 as I type

m

BryceM · January 2, 2020 10:20PM

@Justacommeman said:

Bill Clinton was impeached by Congress but not convicted by the Senate and removed from office but he remains one of three presidents to be impeached. Jackson is the other one.

Them are facts. No alternative facts will change that.

mark

Pretty sure it was Andrew Johnson.

CaptHenway · January 2, 2020 11:27PM

@Justacommeman said:

@habaraca said:
He has NOT been impeached till Papers are send to the Senate Nancy is to scared to send them..... Then Trump can run 2 more times...... All them crooks are running scared

That’s not true at all. He’s been 100% impeached. That can’t be undone. He may not be convicted and removed from office but impeached he is.

Bill Clinton was impeached by Congress but not convicted by the Senate and removed from office but he remains one of three presidents to be impeached. Jackson is the other one.

Them are facts. No alternative facts will change that.

mark

Andrew Johnson, not Jackson.

Justacommeman · January 2, 2020 11:48PM

@BryceM said:

@Justacommeman said:

Bill Clinton was impeached by Congress but not convicted by the Senate and removed from office but he remains one of three presidents to be impeached. Jackson is the other one.

Them are facts. No alternative facts will change that.

mark

Pretty sure it was Andrew Johnson.

@BryceM said:

@Justacommeman said:

Bill Clinton was impeached by Congress but not convicted by the Senate and removed from office but he remains one of three presidents to be impeached. Jackson is the other one.

Them are facts. No alternative facts will change that.

mark

Pretty sure it was Andrew Johnson.

@BryceM said:

@Justacommeman said:

Bill Clinton was impeached by Congress but not convicted by the Senate and removed from office but he remains one of three presidents to be impeached. Jackson is the other one.

Them are facts. No alternative facts will change that.

mark

Pretty sure it was Andrew Johnson.

Thanks both for the correction. I’ll change it. Brain fart

m

PerryHall · January 3, 2020 2:23AM

@CaptHenway said:
Without wishing to get political, there is a political reality that the President has been impeached. Would this not be expected to affect the Dollar and, by extension, Gold?

Without wishing to get political, there is a political reality that the gold market knows that Trump is still President of the United States of America and will most likely be for the next 5 years. Also, this entire thread belongs in the CU Precious Metals Forum here.

blitzdude · January 3, 2020 3:25AM

I don't need your war machines...……..

jmlanzaf · January 3, 2020 5:00AM

@Justacommeman said:

@habaraca said:
He has NOT been impeached till Papers are send to the Senate Nancy is to scared to send them..... Then Trump can run 2 more times...... All them crooks are running scared

That’s not true at all. He’s been 100% impeached. That can’t be undone. He may not be convicted and removed from office but impeached he is.

Bill Clinton was impeached by Congress but not convicted by the Senate and removed from office but he remains one of three presidents to be impeached. Johnson is the other one.

Them are facts. No alternative facts will change that.

mark

Some constitutional scholars say that "impeachment is a process, not an event" and that technically the impeachment does not occur until the articles are transmitted to the Senate. [Small technicality.]

The running 2 more times is simply bunk. You can run 2 more times if you finish a partial term of your predecessor, not if you are removed from your own term. [Not that that's going to happen anyway.]

amwldcoin · January 3, 2020 5:06AM

Well I guess everyone knows the sh*t has hit the fan with the killing of a couple of Iranian Military leaders in Iraq from an ordered US airstrike. How are we ever going to get out of the Middle East.

ricko · January 3, 2020 5:23AM

It is a beautiful morning here in the Catskill Mountains....sunny, almost 40 degrees, no wind...The dogs were quite frisky when I took them out earlier. I checked my PM holdings and all is well... Cash reserve adequate, wine cellar stocked, larder stocked and ordnance replete in all respects. What a great day.... Cheers, RickO

Unknown · January 3, 2020 8:05AM

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CoinJunkie · January 3, 2020 9:12AM

@CaptHenway said:
Check the news channels.

Right, except gold has been in a distinct uptrend for the last few weeks. The news certainly didn't hurt it.

Insider2 · January 3, 2020 9:17AM

Pluses for metals is great for the FUN Show!

CoinJunkie · January 3, 2020 9:44AM

@Insider2 said:
Pluses for metals is great for the FUN Show!

Unless you're trying to buy generic gold coins on the cheap...

crazyhounddog · January 3, 2020 9:54AM

Silver is going up too😊

1northcoin · January 3, 2020 1:30PM

GOLD $1,549.90 (+20.60)

Getting back to square one.

meluaufeet · January 3, 2020 1:33PM

Sold some GLD today

BillDugan1959 · January 3, 2020 2:56PM

@1northcoin said:
GOLD $1,549.90 (+20.60)

Getting back to square one.

Gold $1923.00 on 9/26/2011; Silver $49.84 on 4/25/2011; Copper $4.56/lb in Jan, 2011.

Stack if you have excess funds/savings and the inclination to stack.

SkyMan · January 3, 2020 3:32PM

@BillDugan1959 said:

@1northcoin said:
GOLD $1,549.90 (+20.60)

Getting back to square one.

Gold $1923.00 on 9/26/2011; Silver $49.84 on 4/25/2011; Copper $4.56/lb in Jan, 2011.

Stack if you have excess funds/savings and the inclination to stack.

For all you stackers out there...

Dow Jones closing value on 9/26/11 was 11,043.
Dow Jones closing value on 4/25/11 was 12,479.

Just to round it out:
Dow Jones closing value on 1/3/11 was 11,670.
Dow Jones closing value on 12/30/11 was 12,217.

Dow Jones closing value today, 1/3/20 was 28,634.

Now, I'll be the first to admit that IMO the stock market is too high right now. FWIW, I have pulled some money out the market over the last couple of months and built up my cash reserves a bit. Also, I do own some bullion, but it is an "insurance policy", not per se looked upon as a wealth building financial vehicle.

Having said that, just look at the returns you'd have if you were a bullion stacker in 2011, as opposed to a buyer of the stock market. Unquestionably there are specific years where precious metals outperform the stock market, but on the whole, year in, year out, the stock market will make you far more money than precious metals.

Philosophically, I also happen to believe that investing in the Dow Jones, S&P, Russell etc. shows positive belief in the American people to create, build and produce, year in, year out, even if part of the business community is incompetent/corrupt, and the government is generally a hindrance.

CoinJunkie · January 3, 2020 3:39PM

@SkyMan said:

@BillDugan1959 said:

@1northcoin said:
GOLD $1,549.90 (+20.60)

Getting back to square one.

Gold $1923.00 on 9/26/2011; Silver $49.84 on 4/25/2011; Copper $4.56/lb in Jan, 2011.

Stack if you have excess funds/savings and the inclination to stack.

For all you stackers out there...

Dow Jones closing value on 9/26/11 was 11,043.
Dow Jones closing value on 4/25/11 was 12,479.

Just to round it out:
Dow Jones closing value on 1/3/11 was 11,670.
Dow Jones closing value on 12/30/11 was 12,217.

Dow Jones closing value today, 1/3/20 was 28,634.

Now, I'll be the first to admit that IMO the stock market is too high right now. FWIW, I have pulled some money out the market over the last couple of months and built up my cash reserves a bit. Also, I do own some bullion, but it is an "insurance policy", not per se looked upon as a wealth building financial vehicle.

Having said that, just look at the returns you'd have if you were a bullion stacker in 2011, as opposed to a buyer of the stock market. Unquestionably there are specific years where precious metals outperform the stock market, but on the whole, year in, year out, the stock market will make you far more money than precious metals.

Philosophically, I also happen to believe that investing in the Dow Jones, S&P, Russell etc. shows positive belief in the American people to create, build and produce, year in, year out, even if part of the business community is incompetent/corrupt, and the government is generally a hindrance.

Excellent points, Skyman. I do agree that over the long term the stock market is the place to park money vs. gold. OTOH, from 2000-09 gold beat stocks in a landslide. Not coincidentally it was also a fabulous decade to own coins.

Smudge · January 3, 2020 3:53PM

Double Eagle melt just topped $1500.

PocketArt · January 3, 2020 4:58PM

.

3stars · January 3, 2020 5:08PM

Good year to cash out on the market high and wait for things to settle in the elections, Iran, and the anticipated market drop either due to those events or profit taking.

crazyhounddog · January 4, 2020 12:01PM

@PocketArt said:

@crazyhounddog said:
Silver is going up too😊

Well that sucks...surprises me you look to politics as a barometer for investing...who's your favorite wrestler?

I don’t have a favorite wrestler, never have, and yes if the wrong people get into office you just watch the gold and silver hit an all time high. Yes it will and you absolutely can use politics as a barometer. What do you use? Wrestling?

PerryHall · January 4, 2020 12:11PM

@crazyhounddog said:

@PocketArt said:

@crazyhounddog said:
Silver is going up too😊

Well that sucks...surprises me you look to politics as a barometer for investing...who's your favorite wrestler?

I don’t have a favorite wrestler, never have, and yes if the wrong people get into office you just watch the gold and silver hit an all time high. Yes it will and you absolutely can use politics as a barometer. What do you use? Wrestling?

Historically, has socialism been good or bad for the gold and silver markets?

crazyhounddog · January 4, 2020 12:16PM

@PerryHall said:

@crazyhounddog said:

@PocketArt said:

@crazyhounddog said:
Silver is going up too😊

Well that sucks...surprises me you look to politics as a barometer for investing...who's your favorite wrestler?

I don’t have a favorite wrestler, never have, and yes if the wrong people get into office you just watch the gold and silver hit an all time high. Yes it will and you absolutely can use politics as a barometer. What do you use? Wrestling?

Historically, has socialism been good or bad for the gold and silver markets?

Socialism sucks all over the place. This economy is booming and keeping the price of gold and silver down for the most part. Once that changes you’ll see a huge jump in the price with precious metals . That’s a fact.

bidask · January 4, 2020 12:22PM

@crazyhounddog said:

@PerryHall said:

@crazyhounddog said:

@PocketArt said:

@crazyhounddog said:
Silver is going up too😊

Well that sucks...surprises me you look to politics as a barometer for investing...who's your favorite wrestler?

I don’t have a favorite wrestler, never have, and yes if the wrong people get into office you just watch the gold and silver hit an all time high. Yes it will and you absolutely can use politics as a barometer. What do you use? Wrestling?

Historically, has socialism been good or bad for the gold and silver markets?

Socialism sucks all over the place. This economy is booming and keeping the price of gold and silver down for the most part. Once that changes you’ll see a huge jump in the price with precious metals . That’s a fact.

could be

Gold's Glimmering Not a bad start for the New Year

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