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If Trump is elected would we see PM's rise?

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  • derrybderryb Posts: 36,825 ✭✭✭✭✭

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭

    Gold investors, like anyone else can be swayed by the stereotypes they see in the news and in the e-mail chains they receive. I still believe that there has been a "Obama" bubble in gold. Thanks in large part to extreme buying on the part of The University of Texas endowment fund gold shot up from $700 to $1,800. The speculation that followed this whale of a buyer added to the run-up. It was not based in economic policy, but in the fact that Obama was in the White House. After all, inflation has been very low in the past 10 years. Now that he is on his way out and Trump on his way in, the opposite reaction is being acted upon. They are all selling gold. It has nothing to do with economic policy, since we have no idea what Trump is going to do.

    I think its on its way back under $1,000.

    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,294 ✭✭✭✭✭
    edited November 30, 2016 6:55AM

    So long as the refinery pays me more than I pay for it .... I'm a buyer. It's always " risk on".

  • GRANDAMGRANDAM Posts: 8,518 ✭✭✭✭✭

    @GRANDAM said:
    "If Trump is elected would we see PM's rise?"

    It would appear so,
    at 12:30 am

    Gold up $47.30 to $1325.40

    Silver up $0.43 to $18.88 :)


    Hummmmmm,,,,,,,, maybe not :s

    GrandAm :)
  • logger7logger7 Posts: 8,522 ✭✭✭✭✭
    edited November 30, 2016 3:43PM

    As some economists have pointed out the US (and other countries) are heading for default and there is nothing the President can do to prevent that. http://www.garynorth.com/public/15952.cfm

    How that translates to the metals prices, supply, demand, overall levels of economic and social anxiety may impact them.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,294 ✭✭✭✭✭
    edited December 1, 2016 6:46AM

    I'm wondering when the re-count is finished, how much a gallon of milk will cost ?

  • derrybderryb Posts: 36,825 ✭✭✭✭✭

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭
    edited December 13, 2016 3:24AM

    I'd like to see what the gold coin sales were for the preceeding 2 or 3 months. Nothing traded in the week before the election so I believe the chart is misleading (purposely).

    And what is the scaling? Did sales go from 3 coins to 30 coins? Extremely misleading chart.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • DrBusterDrBuster Posts: 5,389 ✭✭✭✭✭

    When was the WLH on sale? Same time right?

  • bluelobsterbluelobster Posts: 1,220 ✭✭✭

    Metals are back to a bear market for now, it really makes no difference if retail investors/stackers are buying physical, that's more of a inverse relationship anyway. Eventually, sooner or later, there will be a decent chance to by cheap, imo.

  • derrybderryb Posts: 36,825 ✭✭✭✭✭

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @cohodk said:
    I'd like to see what the gold coin sales were for the preceeding 2 or 3 months. Nothing traded in the week before the election so I believe the chart is misleading (purposely).

    And what is the scaling? Did sales go from 3 coins to 30 coins? Extremely misleading chart.

    Don't forget the source....I've learned to ignore them years ago.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    edited December 20, 2016 6:24PM

    @OPA said:

    @cohodk said:
    I'd like to see what the gold coin sales were for the preceeding 2 or 3 months. Nothing traded in the week before the election so I believe the chart is misleading (purposely).

    And what is the scaling? Did sales go from 3 coins to 30 coins? Extremely misleading chart.

    Don't forget the source....I've learned to ignore them years ago.

    Coho, Let's get the data right from the horse's mouth:

    US mint verifies gold eagle sales soared post-election in 2016 even though the paper price has been hammered. Looks like Zero Hedge was right at least once. lol.

    From the mint data:

    NOV sales of AGE ounces increased 252% over AUG sales, 156% over SEP sales and 127% over OCT sales.

    NOV sales of AGE coins increased 221% over AUG sales, 136% over SEP sales and 129% over OCT sales.

    OPA, add the US Mint to your sites to ignore.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭
    edited December 21, 2016 12:27AM

    Yup, looks like there was an increase and not just due to seasonality. Sales have since collapsed?

    It would be nice if ZH had linked a source. How do they get the daily numbers? Does the increase fall within the range of normalcy...has the size of the increase happened before?

    Has the India deal had a larger impact on gold prices?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • rawteam1rawteam1 Posts: 2,472 ✭✭✭

    Ah, this reminds me of 2008 when 100 oz silver bars were plus $5... meaninglessness then, meaningless now...

    keceph `anah
  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭
    edited July 31, 2020 9:33AM

    @cohodk said:
    TRUMP is gold's best friend.

    I knew it would happen. I probably owe jmski a royalty now. Lol

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,825 ✭✭✭✭✭

    wrong, the FED is gold's best friend. And this is why it does not matter who the king is.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • blitzdudeblitzdude Posts: 5,901 ✭✭✭✭✭

    king spender

    Holy bankrupt toledo!

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,825 ✭✭✭✭✭

    the king doesn't spend the money. The people you sent to congress do. You and coho might want to study up on the fiscal aspect of Washington and reconsider who you send.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    It literally doesn't matter who I vote for in National elections

    It's a foregone conclusion what my state will do.

    Liberty: Parent of Science & Industry

  • MilesWaitsMilesWaits Posts: 5,356 ✭✭✭✭✭

    Surf??!

    Now riding the swell in PM's and surf.
  • derrybderryb Posts: 36,825 ✭✭✭✭✭

    If that's California it's more than a foregone conclusion what they will do regardless of the subject. Only in CA would there be surfers and no waves. lol

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,825 ✭✭✭✭✭

    @derryb said:
    wrong, the FED is gold's best friend. And this is why it does not matter who the king is.

    Mission Accomplished.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭

    @derryb said:

    @derryb said:
    wrong, the FED is gold's best friend. And this is why it does not matter who the king is.

    Mission Accomplished.

    Who doesnt like a bubble?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • MsMorrisineMsMorrisine Posts: 33,091 ✭✭✭✭✭

    just an fyi. a few years back i started a thread on the éléctîön and effects on PMs. it was pööfed. tréäd cäréfully.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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