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Are we still buying on the way down? What's changed if anything?
Soldi
Posts: 2,041 ✭✭✭✭✭
Well, what do you all think? Gold $1800.
Where are the stops other than a strong dollar what's changing.
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Soldi
Posts: 2,041 ✭✭✭✭✭
Soldi
Posts: 2,041 ✭✭✭✭✭
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Nothing has changed. Buyers are reloading their wallets.
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto
Even though we were at 1300 five years ago, I wouldn’t be surprised if we never saw 1800 again. A drop back to 1800 would seem to require progress on our deficits and an improvement in the global Geo political situation. Both are possible but seem pretty far out. (timewise)
Central banks, who are exchanging US dollars for gold, will likely take advantage of the price drop.
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto
traders have the "All Is Well" thing stuck in their heads. 1600 wouldn't surprise me. we are the ones preaching deficits and federal debt for all these years. i'm saying what makes you think that is in traders heads now?
I would not expect a 25% decline.
Knowledge is the enemy of fear
I wouldn’t want to be in stocks if gold heads towards $1,800.
I knew it would happen.
tough to fight a guaranteed 5% + 2 year treasury note where the interest paid is exempt from state taxes
I give away money. I collect money.
I don’t love money . I do love the Lord God.
None of what you all are posting is relevant to the short-term or long-term price of gold.
Treasury yields were HIGHER when the gold price was LOWER -- so all of a sudden it matters ? Nah...more likely profit-taking.
BitCoin and crypto much weaker last few days and in April.
So, Gold and Silver just did the opposite of what I thought they would. What do you think short covering?
Fed stayed pat and I figure metals would or will drop.
the day-to-day moves on gold and silver seem divorced from reactions to stuff like the fed
Perhaps to the rest of the earth, planet, universe the fed is irrelevant? THKS!
The whole worlds off its rocker, buy Gold™.
Unfortunately, most western economies are at the mercy of the FED. Their central banks are forced to react to FED decisions.
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto
Unsure of we,they, them or us. But I buy / sell on the down and up. To the left and to the right
Same here, but depends on the piece.
Paul has a 10 ounce year of the snake silver in the classified this morning and I had to take a closer look.
It took a little bit for my eyes to focus and I was wondering if someone else would swoop in and grab it before I did...that happens sometimes.
It wasn't the bar I was looking for so it's still available... shameless plug
They ALWAYS are.
We're down 4% from the ATH and folks react like it was January 1980 with gold getting cut in half in a few weeks.
I think they are still panicking over the gutter metal, not the metal of kings. Some are at the highs, some are half of what they once were. RGDS!
The whole worlds off its rocker, buy Gold™.
I'm thinking the ones who keep thinking about it are still on the other side of the fence. Adding to the stack at a lower cost is better than thinking about it, when there is a price drop.
Told my ex partners in another business to "let's load up" at $900 per oz. in 2009. Hello ? Who's still thinking about it ? When was gold $1800. ? It's $3200 at the US mint.
So still a buying opportunity?
I ordered more today. That's a "yes", if directed to me. Opportunities are more often than not. .
Soldi said:
Well, what do you all think? Gold $1800.
Where are the stops other than a strong dollar what's changing.
I think that trading gold with a hair trigger trading mentality is less effective than taking a longer-term fundamental approach.
Cost-average in; cost average out. You won’t be sorry.
I knew it would happen.