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 Replies: 14 / Views: 2,374 |
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Pillar of the Community
United States
586 Posts |
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Pillar of the Community
 United States
586 Posts |
Gold is fast approaching 1,150; looks like we're in 3rd wavelet down. I start to doubt whether there will be 4th wavelet bounce or not, it could keep sliding down to 1,000 within two months. Just noticed that many online bullion dealers are advertising tons of specials; usually it is a reliable sign that lower prices are AHEAD.  |
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Bedrock of the Community
Australia
21788 Posts |
I acquired my first gold coin when I was just 16 year old; that was more than 50 years ago.
Perhaps some may consider me a lifetime accumulator.
The only time I have sold gold coins was when I needed money to contribute to help establish a mortgage in 1976. That house was paid for in full in 1984.
I have acquired over 40 gold coins since 1976.
Almost needless to say, the minor and major fluctuations in the gold market have been of almost zero concern. Same applies to real estate and stock market values.
I look back at the GFC with a somewhat gentle smile.
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Pillar of the Community
United States
4333 Posts |
I also own gold and not bothered by price swings.
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
2130 Posts |
It wouldn't bother me at all if gold dropped a little lower. Over the last few months I have slowed my coin buying down and even my silver stacking purchases. I am trying to increase my gold and that is not a fast process at the rate I am buying.
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Pillar of the Community
United States
586 Posts |
More interest hikes are coming next year. Gold is heading to $1,000/oz for sure.
Lower price is AHEAD, as I said.
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Pillar of the Community
United States
4333 Posts |
Hammer time!
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
606 Posts |
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Valued Member
United States
160 Posts |
I don't think we can be sure about anything when it comes to gold, look what happened last year with the rate hike and the threat of more to come in 2016, gold went up. Of course there were no more increases as it turned out, until two days ago. I would like nothing more than to see gold at $1000 or less again, so I can pick up more coin.
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Valued Member
United States
493 Posts |
I would be a buyer at $1000, it's been difficult keeping my patience the last couple of years. I still suspect to much QE, structural debt problems will keep central banks buying, holding up prices with the funny money which they just keep printing more of.
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Pillar of the Community
United States
586 Posts |
Wave 4 about to finish, watch out below.
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Pillar of the Community
United States
586 Posts |
Watch out for wave 5 down.
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Pillar of the Community
United States
586 Posts |
Gold still struggles on 1200; Banksters are desperately looking for bagholders.
Remember what happened last year, don't fall into the same trap again. Gold's intermediate target is 1050.
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Valued Member
United States
493 Posts |
Central banks are still gobbling gold, I think we did get down to 1050 though the bull market came back. QE brings it on, lots of India and China peoples are apparently forced by inflation or devaluation of currencies. U.S. interest rate can only go up so much, 4% is 800 billion on 20 trillion, not happening, we are so screwed people are afraid to even talk about it anymore, yeah China is too, as many EU countries have suffered, germany has negative interest rates.
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Valued Member
United States
112 Posts |
Gold is holding 1200. Silver holding 17. Both are still in uptrends. Leon will you allow yourself to get shook out by a retest? If a retest is going to cause so much pain then one is over invested. Sometimes I wish for lower prices so I can get interesting things for less. In fact I find my buying picks up as prices fall. In the end moderation seems to be the key though. Slow accumulation with an eye to the future.
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Replies: 14 / Views: 2,374 |
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Posted 12/10/2016 3:11 pm
