Gold may drop
Along
Posts: 466 ✭✭✭✭
Gold is at risk of a severe decline if pre-election stimulus hopes are snuffed out in the next 24 hours, the Bloomberg Markets Live blog says.
The metal is grinding toward its 100-day moving average and may drop hard and fast if it breaks below that level.
Should be an interesting couple of weeks for gold pricing?
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“Gold may drop” is true 365 days a year, except leap years....... but yeah, interesting times.
Or it could go up or could stay the same. There are articles predicting everything under the sun.
The ball may land on red. It may also land on black.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I think you meant gold will
Fall.
Can't wait for it to spring.
I wouldn't want to be in the speculative area one way or another. A stimulus is inevitable, just a matter of time.
I’ve seen speculation of $3K in 6 months to $1K in 1 month to $7K in 3 years. If any of these prediction people could actually predict they’d be busy being billionaires and not sharing their secrets.
As Dogbert once said: beware the advice of rich people - they don’t want company
Gold will rise as the dollar falls, and fall as it rises....generally, - almost always.... probably. Or, perhaps some other factors will enter the equation and introduce positive effects - or negatives. That's my prediction and I am sticking to it all the way. Cheers, RickO
Sell, sell, sell!
Hmmm, Pelosi and Mnuchin are meeting this afternoon at 3pm.
bob
Or Green!
Gotta keep the game tipped in favor of the house.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Gold one of most common elements in universe a recent astronomy article reported.
It’s very likely drop near term and possibly over the long run to $450 and will drop much further (To zilch....) when huge quantity in the Belt is mined.
Time to sell is now.
Likely it’s seen it’s heyday.
IDK. Gold does seem to price inversely to the $. $, the strongest among weak currencies. When will spending catch up to DC and the rest of the nations? Progressives chant that there is more than enough money for everyone. Republicans are afraid of their own shadow. Doesn't matter who wins Nov 4. The outrageous spending relative to GDP will continue. And COVID doesn't matter, the politicians will always find a 'COVID' as the reason to spend. Would not be as bad if the $ were going to productive uses - unlike asset transfer and the skim.
Debt service is at a staggering level now. So, politicians will not let interest rates go positive and halt the gravy train. At least not until the bond vigilantes take market interest rates out of the FED's hands. So, rates will remain low in the short term. BTW, the FED will keep redefining 'market inflation' and resetting acceptable inflation limits. Soon the bundle of goods defining inflation will only be 'yachts and Boeing Max airplanes'. See? 'Inflation is still low and we fear maybe deflationary. Need more spending.'
Gold seems to the reality check on the politicians. My bet is on gold. But keep quiet about your ownership because they will be trying to tax that too.
Link to 1950 - 1964 Proof Registry Set
1938 - 1964 Proof Jeffersons w/ Varieties
@Along said:
Should be an interesting couple of weeks for gold pricing?
It seems like I say that ever couple of weeks.
... or it may land on the green "0"s.
In uncertain times it tends to go up, like now.
After the election, it generally goes up if there is new leadership, for the same reason.
My Saint Set
No chance the dollar will drop after all they’re printing a trillion every few months
I don't know. Post election stimulus still possible.
Post election stimulus is very possible - any dip might be a good opportunity.
don't forget the GREEN
gold long term has to be a winner and new mint gold issues will undoubtedly have less made