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 Replies: 17 / Views: 4,168 |
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Pillar of the Community
United States
4333 Posts |
It's a well known fact that the market is rigged, with banks admitting to manipulation, paying small fines as they go.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
493 Posts |
Good points all, metals have finally, it seems, settled out to some extent, and have been in a pretty tight range for a couple of years now. It's going to stay like this for .. most likely years, as will ZIRP policies. Only if central banks stopped stacking the thousands of tons of demand they are creating, then I feel that gold would settle below $1000. America has world reserve currency, we are all mostly near clueless to how bad inflation can get, other countries they know, and they buy/hoard gold accordingly.
I think some of us feel that we will one day be shaking our heads looking back at the ZIRP days, it's a pretty big financial setup.
As do the corporations, referring to a SEC fine to a certain electric car manufacturer quite recently, or i.e. a bank with the initials WF. Then you have complete disasters like Monsanto..
It's a well known fact that the market is rigged, with banks admitting to manipulation, paying small fines as they go.
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Pillar of the Community
 United States
4595 Posts |
It will go up. Or maybe down. Maybe stay about the same. Pretty sure it will be one of those.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
5838 Posts |
Looking at the Kitco chart, every other year I see prices going down for gold, so this year the trend would be down, unless something take its place. Market crash? Next year goes up...Its been like that for the past 5 years!
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Valued Member
Australia
491 Posts |
The price of silver falls and so does the AU$. It has been like this for years now.The story for 2018.
If I was working with US$ I would be buying as much as I could per month.
But it is a loser's game with the AU$ sadly. The AU$ could increase by 10% at any time. Nothing seems to be making sense why the AU$ is in such poor shape.
Great for Australian exports though. Fuel not so good it is now around $6.45 per US gallon in Australia. Which will push inflation....
Looks like lets see what happens next year again!
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Pillar of the Community
 United States
586 Posts |
The rebound is in the progress; Gold is around $1230, Silver still weak. However, Since Banksters are still net long on both Gold and Silver, in futures market; it is not recommended to initiate short position now. Tomorrow's weekly futures report will show us what Banksters been doing. The report is here, https://www.cftc.gov/dea/futures/other_lf.htm updated around every Friday 3:30pm. |
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Pillar of the Community
United States
586 Posts |
Weekly futures reports released today:
In the Gold futures report, Banksters increased SHORT position by a massive 21,176 contracts (each contract is 100 oz of Gold); reduced LONG position by 8,862 contracts.
In the Silver futures report, Banksters increased SHORT position by a 4,141 contracts (each contract is 5000 oz of Silver); increased LONG position by 858 contracts.
Apparently, the rally experts have been touting for a week, is quickly approaching an end. At current pace, Banksters could be READY within two weeks, to resume the downtrend for Gold and Silver.
Isn't Midterm election just two weeks away? What a timing for Banksters.
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Pillar of the Community
United States
586 Posts |
Gold and Silver prices jumped today.
Banksters are trying desperately to reduce long position and increase short position ... ...
After Midterm election, the uncertainty in the market will be gone; then watch out below for gold and silver.
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Pillar of the Community
United States
586 Posts |
More and more financial media outlets are touting a prospective gold & silver rally; while Banksters keep adding short position on gold & silver futures market ... ... I am waiting for gold around $1250, and silver around $15; to start short position on them, too.  |
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Pillar of the Community
United States
586 Posts |
Just deployed my first batch of funds:
Shorted GLD at 117.5 (~spot $1243)
Will add more.
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Pillar of the Community
United States
586 Posts |
$1214 now; firmly IN THE MONEY.
The experts' so-called rally on gold&silver has turned into a joke; AGAIN.
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Pillar of the Community
United States
4333 Posts |
The experts have been a joke now for years.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
3343 Posts |
As always it just doesn't matter.
It's always a buyer's market when you have the money.
It's always a seller's market when you need the money.
The price doesn't enter in to it if you go long.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
11/02/2018 3:56 pm
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Valued Member
Australia
491 Posts |
Very well put thq and it sums up the majority of transactions!
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Pillar of the Community
United States
586 Posts |
Gold price action has been WEAK.
The hiccup few days ago turned out to be a short-squeeze; a one-day-wonder.
Now the Midterm election is OVER (uncertainty is gone); Gold will resume downtrend soon.
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Replies: 17 / Views: 4,168 |
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First Page
Posted 10/09/2018 3:40 pm
