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 Replies: 24 / Views: 1,538 |
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Pillar of the Community
United States
713 Posts |
Whenever there's a major news event I try to predict how that's going to impact the price of gold/precious metals. I'm almost always wrong. My guess is that tomorrow the price of gold will be up, bigly. What usually happens is that after one of my "predictions," the market moves in the opposite directions , or it's flat. What do you think tomorrow's market movement will be after the removal of Maduro, and the president's indication that oil production will now be in "our" hands?
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Bedrock of the Community
United States
11880 Posts |
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What do you think tomorrow's market movement will be after the removal of Maduro I think that tomorrow's market movement will be zero as the market will be closed in Sunday, What happens on Monday,  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
 United States
713 Posts |
I'm in SoCal, so the gold price awakens tomorrow afternoon (Sunday) with the opening of London Monday morning I'm guessing.
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Valued Member
United States
465 Posts |
Removing Maduro is like lancing a boil. No bloodshed, no war, no problem. The world will shrug it off.
Silver has real issues with high demand and no real growth in production.
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Bedrock of the Community
 United States
10470 Posts |
Not sure about gold but the price of cocaine might get a little more expensive!
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Bedrock of the Community
United States
24872 Posts |
It will be difficult to attribute any movement in gold to the US intervention in Venezuela's affairs considering the recent volatility in PM prices.
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
 United States
6448 Posts |
On a serious financial podcast, Jim Cramer once criticized the way that financial media tries to explain daily price movements with the news of that day. He said (correctly) that the market getting overbought or oversold was a much better indicator of equity and bond price movements. There has been a big run in PMs lately, there is bound to be some profit taking that results in dips.
The only particular commodity I would watch is oil. And since Venezuela has thick crude better suited to plastics—and because Trump already reassured their trade partners that the supply would continue—I think there will be minimal disruption to oil prices.
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Pillar of the Community
Canada
5391 Posts |
I would be more concerned about the North American economy
and Tariffs , rather than Venezuela .
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Bedrock of the Community
United States
10470 Posts |
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I would be more concerned about the North American economy
and Tariffs , rather than Venezuela . Why worry about things you can't do anything about? Especially if you live in a different country? |
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Pillar of the Community
United States
613 Posts |
1847bill, Brandmeister, Marv65-
1) there was bloodshed, Venezuelan lost approx. 80 military and civilians
2) the world wont just "shrug it off." The USA invaded a country, removed its leader (albeit illegitimate leader) and now the US President says we will be running the country
3)If Trump can "reassure trade partners that the supply would continue,". How can that be unless the US controls the oil extraction, refinement and distribution?
4)we should all be concerned since it is our country, one with a long history of "involvement" in the region that has not gone well, that started this chain of events. Does a "sphere of influence" justify this action? If so, what does that say about China and Taiwan or Russia and the former Soviet Republics?
These actions will have world wide impacts and economic consequences.
Can we predict the impact on precious metals, not yet, but instability is not a desirable condition.
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Bedrock of the Community
United States
10470 Posts |
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Can we predict the impact on precious metals, not yet, but instability is not a desirable condition. All I said was "Why worry about thing you can't control?" When the time comes then you can show me some proof - right now it's just opinions! I don't live my life by other peoples opinions. |
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Pillar of the Community
United States
1747 Posts |
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instability is not a desirable condition. One could say we are more stable now than we were before the new year. It is easy to ignore what Chavez and Maduro did to their people and instability to the western world. From a business standpoint, they stole all the foreign investment. We will see. |
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Pillar of the Community
United States
6448 Posts |
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instability is not a desirable condition. Judging by the overjoyed response of the Venezuelan people, I would say that they much prefer the instability of chaotic new freedom to the drudgery of a stable dictatorship. My armchair prediction is that Venezuela will endure a few bumps along the road before settling into an average situation for Central and South American countries. As the wise man says in Charlie Wilson's War, "We'll see." |
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Pillar of the Community
United States
1747 Posts |
Tracy Shuchart, Ninjatrader Group Sr. Economist reported on Chares Payne's show that there are 2 gold deposits and a copper deposit in Venezuela that Maduro took control of from Gold Reserve Ltd. They are trying to get them back and have fielded many calls from gold miners about the claims. She said these will be easier to get up and running than what it will take for oil companies.
Tracy is a rockstar commodities economist.
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Moderator
United States
187446 Posts |
Very interesting!  |
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Valued Member
United States
311 Posts |
Always much clearer in hindsight that one of main drivers of gold rally was not Venezuela but Iran. Venezuela's future looks brighter with oil, gold and iron. Venezuelan stock market has is up 100% YTD. Iran's currency is now zero.
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Replies: 24 / Views: 1,538 |
Posted 01/03/2026 5:31 pm
