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 Replies: 5,643 / Views: 459,481 |
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Pillar of the Community
United States
789 Posts |
Quote:
There is a change of character and levels in price ahead are being up bought up. Could you please elaborate on this statement? I have no idea what you mean by this. |
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Bedrock of the Community
United States
36782 Posts |
I agree, a little hard to follow it.
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Pillar of the Community
United States
3546 Posts |
Quote:
There is a change of character and levels in price ahead are being up bought up. Quote:
I have no idea what you mean by this. The way I understand and agree with this affirmation is that gold has a greater substantive support mechanism at present with a lesser likelihood of dropping back to significantly lower levels at least in the foreseeable future. As always, it is pure speculation, however, but based upon verifiable tumultuous impending world events such as the Iran provocation and a threatening trade/tariff standoff with China; both of these events appear to be stirring the emotion of fear and a flight to the safer haven of PMs etc. |
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Pillar of the Community
United States
3343 Posts |
It's a good time to be a seller. Nothing predictive at all. This is the time to take profits and put money in the bank.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
08/09/2019 4:18 pm
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Pillar of the Community
United States
5832 Posts |
Reading Kitco news with most analysts voting gold will climb higher next week, so selling some of your PM may not be bad.
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Pillar of the Community
United States
1205 Posts |
I have been taking profits on Silvercrest pretty much all year. I was very lucky, and, got in very early, and, that 1 pick has outperformed everything else by a longshot.
I have learned to take profits along the way, and, never try and call a top. Of course, I hope both silver and gold reach NEW all time highs, we all do.
This current run seems pretty strong. Lower interest rates in our favor, as are geo-political upheavals.
Hang on for the ride.
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Pillar of the Community
United States
5832 Posts |
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Pillar of the Community
United States
722 Posts |
I feel that at some point in the not too distant future the U.S. and China will give up their posturing over tariffs and rescind them. At that point does gold give up $2-300, or.....?
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Bedrock of the Community
United States
36782 Posts |
Gold looks very good for the long haul. Currencies around the world coming apart at the seams racing to devalue, negative interest rates, and World Bankers talking about moving to crypto currency as a replacement for current global fiat.
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Valued Member
United States
493 Posts |
The world is in a slow but steady gold rush, or rush for gold, we see this in global central bank policy of today, they are buying gold as a hedge against inflation that of which they promote through monetary easing. The silver institute is not confident about silver in upcoming years, but it went up 2% Friday.
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Bedrock of the Community
United States
36782 Posts |
Silver has been the big disappointment.
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Pillar of the Community
United States
1590 Posts |
Silver has a well documented "friday bounce". Happens way more often than it does not.
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Bedrock of the Community
United States
36782 Posts |
Finally, silver comes alive. It's been a good two weeks for Ag.
Edited by IndianGoldEagle
09/03/2019 8:24 pm
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Pillar of the Community
 United States
8938 Posts |
Silver's now outpreforming gold YTD. Nice.
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Pillar of the Community
 United States
3789 Posts |
Guys!
this is a big deal with gold, its coming back above 8 year highs for starters. Also, gold is closing in on its all time highs.
I suspect there will be a some selling as we come into the old area set 11 years ago into the 1,900s.
However, gold is getting ready to make fresh all time highs, the uptrend after 11 years is back.
some exciting times ahead!
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Replies: 5,643 / Views: 459,481 |
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Posted 08/07/2019 09:25 am
