I was just looking at the AU chart for the year as well as the dollar chart. The question I would pose is "Will the Dollar reach parity with the Euro before Gold dips below $1,000? The converse to that question is will the Euro rally before Gold?
I am more in the camp of $900 or rather $9xx Gold. I must also say that is quite self serving as that is my re-entry point into numismatic gold.
Retired United States Mint guy, now working on an Everyman Type Set.
Not a lot of hope for a strong euro (and it's weakening affect on the dollar). Gonna take something good and unexpected in euroland to change that and I don't foresee it anytime soon. FOMC's gonna have to find a work around to weaken dollar, if that is in fact what it wants to see. Very strong oil prices in face of strong dollar could have a positive affect on metal prices. December rate hike decision is a big, big factor. FED wants us all to believe it's coming, but FEDspeak has misguided us many times in the past.
My gut says ZIRP and even NIRP plus more QE in the long run. Raising rates will only be temporary so that the FED can temporarily save face. Eye of the storm is very soon to be gone and the winds are much stronger on the back side.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Author "The Enigmatic Lincoln Cents of 1922," due out late 2025.
DerryB.....thanks, but I can't quote your image either and get it to post. Still get the Error 113 message.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Author "The Enigmatic Lincoln Cents of 1922," due out late 2025.
Does anybody think that the deteriorating situation between Saudi Arabia and Iran will move metals up or down? I vote up, but I have been wrong many times before.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Author "The Enigmatic Lincoln Cents of 1922," due out late 2025.
Originally posted by: CaptHenway Does anybody think that the deteriorating situation between Saudi Arabia and Iran will move metals up or down? I vote up, but I have been wrong many times before.
Appears to be only a minor event....More sideways trading?.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Originally posted by: CaptHenway Does anybody think that the deteriorating situation between Saudi Arabia and Iran will move metals up or down? I vote up, but I have been wrong many times before.
Only when it affects the price of oil. PMs will follow oil.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Author "The Enigmatic Lincoln Cents of 1922," due out late 2025.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Author "The Enigmatic Lincoln Cents of 1922," due out late 2025.
Comments
TTT
Trying to rerun my roller coaster picture and keep getting an Error Code 113. What does that mean?
I think it means error with your attempt. I cut and pasted your earlier use of the IMG link below:
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
TTT
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
I am more in the camp of $900 or rather $9xx Gold. I must also say that is quite self serving as that is my re-entry point into numismatic gold.
My gut says ZIRP and even NIRP plus more QE in the long run. Raising rates will only be temporary so that the FED can temporarily save face. Eye of the storm is very soon to be gone and the winds are much stronger on the back side.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
Then again, I like zinc as much as nickel or copper. Give me a brake and I can bend you up some nice trim.
``https://ebay.us/m/KxolR5
TTT
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
Monday was depressing.
Tuesday looked promising.
Today, somebody took the rug out from under them!
Tell me this isn't related to the rise of .25% in Federal Interest Rates?
The name is LEE!
What the heck is up with PM's!
Monday was depressing.
Tuesday looked promising.
Today, somebody took the rug out from under them!
Tell me this isn't related to the rise of .25% in Federal Interest Rates?
Apparently not, otherwise the drop would have occurred yesterday
Does anybody think that the deteriorating situation between Saudi Arabia and Iran will move metals up or down? I vote up, but I have been wrong many times before.
Appears to be only a minor event....More sideways trading?.
Does anybody think that the deteriorating situation between Saudi Arabia and Iran will move metals up or down? I vote up, but I have been wrong many times before.
Only when it affects the price of oil. PMs will follow oil.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
Falling dollar= higher gold & silver prices?
In dollars, yes. Usual result.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
I haven't seen a 5% move in years.
Except for down
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If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
See what this week brings