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Main => General Discussion => Topic started by: Mirkkanen on June 16, 2016, 01:24:22 AM

Title: Gold Just Broke $1300USD in Asian Trading
Post by: Mirkkanen on June 16, 2016, 01:24:22 AM
After many weeks of consolidation, gold has pushed through $1300 resistance in Asian trading! I imagine it will get hammered back down when the western markets open, but who knows?

How will this affect the overall gold panda market? Currently, only select segments are hot. Will that be changing soon, or not? Post your thoughts!
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: silverpv on June 16, 2016, 03:18:08 AM
Too soon to tell. US markets priced in no rate change already. Big player is Brexit. Dollar could become very strong if people flee the Euro or PM's. Not sure if collectibles will be as good as bullion in the current market. I paused with pandas for the last month or so and picking up lower premium bullion. I was panda heavy so a little diversity didn't hurt.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Wafdawg on June 16, 2016, 11:48:15 AM
Yes probably doesn't impact the panda market too much as we already have run up and are not as price sensitive to the spot price.  The real winners are Bitcoin and Ethereum.  I don't have any Ethereum but Bitcoin is moving up the way i wish gold would. However, Gold to $1400 quickly on BREXIT as per Jim Rickards. Silver to break $20.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: silverpv on June 16, 2016, 02:09:56 PM
Seriously, Bitcoin is having the impact I thought Gold would have. It's up almost 4x since August 2015. It's been on par with the 2003 1/2!
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Wafdawg on June 16, 2016, 03:19:33 PM
It's up an additional $30 since you posted that! Lol. $770!
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: NBM on June 17, 2016, 06:46:38 AM
FYI: "Dao under attack?" https://m.reddit.com/r/ethereum/comments/4oi2ta/i_think_thedao_is_getting_drained_right_now/
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Mirkkanen on June 23, 2016, 11:37:12 PM
Brexit: the struggle is real!

And gold is up $56USD as a result. Also, global markets currently in chaos . . .

Nothing decided yet. More than 50% or precincts have reported thougg. Still very, very close!
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: comeaux on June 23, 2016, 11:48:22 PM
Gold up $86 at the moment !  :001_smile:
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Mak007 on June 23, 2016, 11:54:17 PM
Gold cracks $100.00 - Pound is crashing - oil down - Dow down 600 - out vote wins
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: KeepOnTrying! on June 23, 2016, 11:55:09 PM
Brexit seems to be winning/projected to win!
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Mirkkanen on June 23, 2016, 11:59:56 PM
Brave citizens of Britain, I salute you!
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: pandamonium on June 24, 2016, 12:02:00 AM
Looks like the end of cheap MCC prices.......
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: comeaux on June 24, 2016, 12:08:29 AM
While I’m very happy to see gold making this huge run, I’m just a little bummed on my trade out of gold (GDX) this afternoon at about 20 minutes before the close of the aftermarket and gold only up about $4 dollars

Here is my trade below in which I sold 10,000 shares of GDX at $25.41 so if gold maintains its current level, GDX should be up at least 2 or 3 dollars tomorrow (about $28) so I probably left at least $20,000 (or more) on the table. If so this is my “bonehead” of the year trade.  N17

Oh well … it’s great to see the metals making a rally for us all ! 

(http://i257.photobucket.com/albums/hh214/mooky714/GDX%20Trade_zpsemgwlang.jpg)
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Mak007 on June 24, 2016, 12:17:38 AM
Congrats Britain!! Maybe the USA will follow!!
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: wg on June 24, 2016, 01:06:19 AM
 :w00t:

omg




Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: silverpv on June 24, 2016, 02:21:13 AM
its back down now...
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Mirkkanen on June 24, 2016, 02:34:19 AM
Still up 5%, not too shabby. Besides, where gold touches it is bound to re-touch. It was over $1350, and I imagine gold will revisit that level quite soon.

In the near term, I am more concerned by what is going to happen to Deutche Bank's stock price and the world markets in the days ahead. Welcome to ragnarok.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: silverpv on June 24, 2016, 02:36:10 AM
Still up 5%, not too shabby. Besides, where gold touches it is bound to re-touch. It was over $1350, and I imagine gold will revisit that level quite soon.

In the near term, I am more concerned by what is going to happen to Deutche Bank's stock price and the world markets in the days ahead. Welcome to ragnarok.

Yes, the fall out will be very interesting to see... It's seriously going to suck in the markets. The world is changing!
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Pandora on June 24, 2016, 02:52:15 AM
Good buying opportunity in stocks by tuesday. Markets will recover once realize that brexit will take 2 years minimum to finalize and all margin calls are done. Gold will preserve the gains as usd comes down and silver will join gold rally in couple of weeks.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Hippanda on June 24, 2016, 03:07:57 AM
"Wash, rinse, repeat"


"No! Wait it's REALLY different this time!"


LOL !
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: PandaBear on June 25, 2016, 08:50:18 AM
I see the central bank doing a financial false flag due to the Brexit news which presents still another buying opportunity. 
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: jc888888888 on June 25, 2016, 09:13:04 AM
what is happening with Brexit has little to do with the us markets ...this bump in the road represents US stocks on sale ........:)  I personally dipped my toe in yesterday and I am waiting on the capitulation to take place  the Dow will be back at 18,000 within 60-90 days in my view 
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Wafdawg on June 25, 2016, 09:25:57 AM
what is happening with Brexit has little to do with the us markets ...this bump in the road represents US stocks on sale ........:)  I personally dipped my toe in yesterday and I am waiting on the capitulation to take place  the Dow will be back at 18,000 within 60-90 days in my view 

Outside a dead cat bounce on Monday the market is trending downward less mining stocks. I foresee continued dollar and gold price strength taking any rate hikes off the table permanently.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: silverpv on June 25, 2016, 12:11:48 PM
It was too small of a dip to take a bite for me. 3% is not too much and given the recent gains its merely a retracement to pre-brexit. I'm taking a wait and hold position and selling off some unwanted pieces to build up a little cash in case there is an opportunity. I still want to kick myself for not getting into GDX or doubling down but purchasing physical instead.

I'll be waiting a little bit to see if the market will come back or if this is the final catalyst to break the upward momentum of stocks. It's happened quite a few times already with nothing slowing down the market, so I can understand the bullishness but for me I'm proceeding with caution. The world is changing very rapidly and consistently more volatile.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: KeepOnTrying! on June 25, 2016, 12:34:29 PM
Markets will always look for a reason to "correct" a.k.a. taking profit. But the upward climb is inexorable despite the frequent "pit stops". Problem is the type of investment product an individual is in and if the lingo is completely understand.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Wafdawg on June 25, 2016, 12:36:51 PM
Well once the rate hikes are confirmed by all that there will be none then I think the market moves higher and the dollar corrects but as of now I don't think this correction is complete.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: silverpv on June 25, 2016, 12:56:31 PM
Well once the rate hikes are confirmed by all that there will be none then I think the market moves higher and the dollar corrects but as of now I don't think this correction is complete.

I think the correct correction will correct itself once dollar corrects and the correlation between the euro market and us market correct after the correction unless china joins the correction party like it did last year...  N14 :w00t:
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: KeepOnTrying! on June 25, 2016, 02:34:48 PM
I think the correct correction will correct itself once dollar corrects and the correlation between the euro market and us market correct after the correction unless china joins the correction party like it did last year...  N14 :w00t:

Time to run for cover?  N16 N17 N27
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: jc888888888 on June 25, 2016, 08:43:43 PM
what  you want to see is folks throwing in the towel.....  a big 5 to 10 % down day   hedge funds are under-invested and seriously under performing  with loads of cash on the sidelines, right now the risk on trade is gold ...which has room to run ..but you get a 1000 pt down Dow day and watch these hedge funds pile in and then off to the races we go they can make the market turn... I took 2 or 3 % of my cash on the side lines and just threw it in at 3:55 EST on friday  ,just in case.. too many times in the last 24 months ,you got these sharp 1 day drops and the market just moved higher without correcting at all... keep  in mind where else can the world put there money right now???  gold or US equities that is about it ..shorting the US market in the last 36 month,s has become very painful for those thinking the depression, recession and big 20% correction  etc is around the corner, it is very difficult to fight the tape.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: jc888888888 on June 25, 2016, 08:51:25 PM
as far as rate hikes go here ..forget it!! Britex handed Janet Yellen  the all time best excuse not to raise rates on a silver platter:)  all the pressure the fed was receiving to raise rates is off the table with the perfect excuse ..there is good reason to believe they will pull out the printing presses and roll out quantitative easing #4 :)   then watch where the market goes...................
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: silverpv on June 26, 2016, 01:33:05 AM
what  you want to see is folks throwing in the towel.....  a big 5 to 10 % down day   hedge funds are under-invested and seriously under performing  with loads of cash on the sidelines, right now the risk on trade is gold ...which has room to run ..but you get a 1000 pt down Dow day and watch these hedge funds pile in and then off to the races we go they can make the market turn... I took 2 or 3 % of my cash on the side lines and just threw it in at 3:55 EST on friday  ,just in case.. too many times in the last 24 months ,you got these sharp 1 day drops and the market just moved higher without correcting at all... keep  in mind where else can the world put there money right now???  gold or US equities that is about it ..shorting the US market in the last 36 month,s has become very painful for those thinking the depression, recession and big 20% correction  etc is around the corner, it is very difficult to fight the tape.

I agree with this.. We would really need another 10% down, but I am concerned that these businesses just don't have the numbers, other than amazon to support continued growth.  Retailers are mainly feeling the pinch but the economy itself is chugging along. I think a 5-10% would be a start. I have heard the same that the market can continue to head higher and agree that it could possibly increase. I'll probably just wait a little until it hits a 10% rise. If it doesn't the dollar is still getting stronger.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: PandaBear on June 28, 2016, 07:01:50 AM
FYI: "Dao under attack?" https://m.reddit.com/r/ethereum/comments/4oi2ta/i_think_thedao_is_getting_drained_right_now/

Read they are doing a "softfork" and blacklisting the hackers wallet invalid.  Counter party is another crypto currency which is smart contract based like ETH and the DAO which is actually voting rights.  I wouldn't be surprised to see ETH hitting 200/USD. 
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Pandora on June 29, 2016, 06:38:52 PM
Good buying opportunity in stocks by tuesday. Markets will recover once realize that brexit will take 2 years minimum to finalize and all margin calls are done. Gold will preserve the gains as usd comes down and silver will join gold rally in couple of weeks.

Good buying opportunity in stocks by tuesday - Check
Markets will recover once realize that brexit will take 2 years minimum to finalize and all margin calls are done - Check
Gold will preserve the gains as usd comes down - Check
silver will join gold rally in couple of weeks - Check

Gold is correcting to may be 1314/1304 range.

Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Mirkkanen on June 29, 2016, 06:42:02 PM
And then what, oh wise one . . . ?

:)
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Grip on June 29, 2016, 07:42:38 PM
Then it goes up, or down, or sideways until it goes up, or down, or sideways. Just a guess...
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Grip on June 29, 2016, 08:13:21 PM
Actually, we are in a new PM bull market so buy weakness. Surprises will be to the upside. Expect extreme volatility going forward. US equities indices will make a marginal new high before tanking. Bond markets will tank within the next 12 months as the biggest bubble in the history of the world implodes. Just a guess... 
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: pandamonium on June 29, 2016, 10:07:42 PM
Agreed but I doubt it will take that long, 12 months.     The surprise of PM spiking up in price will happen.   I have read many articles for about 10 yrs, PM will see a parabolic rise in price and it will not drop down to today's prices in our lifetime......   That is why i was the first to post here a few years ago that 1 oz silver bullion will be $1,000......we are almost there.....
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Mirkkanen on June 30, 2016, 01:49:41 AM
Pandamonium, if you think that 1 oz of Ag is gonna be worth $1000, then shouldn't you be stacking ounces instead of messing with pandas or mcc of any kind? I assume you already have a core position of silver bullion and you are trying to diversify your holdings by buying mcc.

In any case, if silver ever did touch $100/oz, that rise would coincide with a precipitous drop in US dollar purchasing power. We may hardly be better off than we are today, possibly worse off if the world goes to sh*t.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: silverpv on June 30, 2016, 01:54:24 AM
In any case, if silver ever did touch $100/oz, that rise would coincide with a precipitous drop in US dollar purchasing power. We may hardly be better off than we are today, possibly worse off if the world goes to sh*t.

I agree.. If silver is $100/oz the world sucks. What we have right now is fine. Strong dollar and growing strength in PM's.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Pandora on June 30, 2016, 02:00:25 AM
And then what, oh wise one . . . ?

:)

The wise one might have bought lotto as well :)

I think silver and platinum will soon catch up with gold and then entire metals will break out. A major multi year bull market for metals. Just my thinking. May or may not come to fruit.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Herrmo93 on June 30, 2016, 06:47:59 AM
yes , bearish stock market could result in bullish metal market. But I don't think that gold price will skyrocket.
i wonder how this will reflect on the price of gold panda coins.... :thumbup:
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Wafdawg on June 30, 2016, 07:50:00 AM
yes , bearish stock market could result in bullish metal market. But I don't think that gold price will skyrocket.
i wonder how this will reflect on the price of gold panda coins.... :thumbup:

Gold pandas have made a significant move up already. It's bullions turn. Spot price of 1300 or 1400 will not affect the pandas price except to say that the numismatic premium will be somewhat reduced.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Wafdawg on June 30, 2016, 07:52:18 AM
I agree.. If silver is $100/oz the world sucks. What we have right now is fine. Strong dollar and growing strength in PM's.

I don't necessarily agree with this assessment. Dollar purchasing power is going down irrespective of silver price. To ensure an orderly revaluation, gold and silver can be revalued upwards while holding the ratios of everything else constant against each other. In other words, allow gold and silver to soak up all the inflation so everything else stays the same and affordable.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: pandamonium on June 30, 2016, 08:20:29 AM
Pandamonium, if you think that 1 oz of Ag is gonna be worth $1000, then shouldn't you be stacking ounces instead of messing with pandas or mcc of any kind? I assume you already have a core position of silver bullion and you are trying to diversify your holdings by buying mcc.

In any case, if silver ever did touch $100/oz, that rise would coincide with a precipitous drop in US dollar purchasing power. We may hardly be better off than we are today, possibly worse off if the world goes to sh*t.




It is all simple math.   There was a book written a few years ago mentioned on TV named something like The Curious Case for $900 plus? Silver.     Many articles have done the math and say silver will rise to $1,000 oz and some say $10,000 silver today.    My question is this.   We all know China owns the gold and has tremendous wealth so the Yuan can be tied to gold in the future.   The US and West is bankrupt.    This means the best of Chinese money will be gold/silver minted in China.   When 1 oz of silver bullion reaches $1,000 what will a 2003 silver panda be worth?   $5,000?    $10,000?    As i posted in the past when the US dollar goes down, rare US coins will drop in value.   Yuan up, rare Chinese coins/medals up.       Yes the USD purchasing power will drop big time but that is already in the cards as the IMF has stated a revaluation of world currencies.    The world financial powers that be have this mapped out a long time ago.    The West has huge debt, derivatives so we are upside down because we sold our manufacturing, etc to the world, mostly China so they are rich and we are poor.    Many of my friends that are collectors understand this now and they are getting word out to their family/friends.    For us in the West we will hopefully survive by owning bullion but to have wealth we must own MCC.    Our world will become very turbulent as Peter Shiff and so many others have warned us......I do not own much bullion, some junk silver is about it......... Online opinions say this....100 million people is about 1/3 of the USA population or 1/15th of China's population.   100 million Chinese will flood into MCC in the future.   We all know Chinese are buying gold/silver like crazy because they have a clue.   I emailed many collectors/dealers about 100 million Chinese that will flood into MCC and not one argued w/ that opinion.    The dealers in Asia tell me the rich Chinese will soon outbid the World for their MCC just wait and see.   I agree.........Again the future is this;  the best of money will be rare coins/medals and MCC minted in China.....just my opinion and i cannot find any evidence that opposes it.....
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Mak007 on June 30, 2016, 10:56:24 AM
I believe we are looking at a massive dollars rally, but will be accompanied with a rally in stocks and gold because it is capital fleeing seeking shelter in the USA. This is not a battle between the Dow and gold as always portrayed domestically. When governments collapse, all tangible assets rise in value, not just gold
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Herrmo93 on June 30, 2016, 11:13:32 AM
Gold pandas have made a significant move up already. It's bullions turn. Spot price of 1300 or 1400 will not affect the pandas price except to say that the numismatic premium will be somewhat reduced.

Yeah you are probably right. Although a big increase will have effect on some pandas
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: dynamike51 on June 30, 2016, 12:01:02 PM



It is all simple math.   There was a book written a few years ago mentioned on TV named something like The Curious Case for $900 plus? Silver.     Many articles have done the math and say silver will rise to $1,000 oz and some say $10,000 silver today.    My question is this.   We all know China owns the gold and has tremendous wealth so the Yuan can be tied to gold in the future.   The US and West is bankrupt.    This means the best of Chinese money will be gold/silver minted in China.   When 1 oz of silver bullion reaches $1,000 what will a 2003 silver panda be worth?   $5,000?    $10,000?    As i posted in the past when the US dollar goes down, rare US coins will drop in value.   Yuan up, rare Chinese coins/medals up.       Yes the USD purchasing power will drop big time but that is already in the cards as the IMF has stated a revaluation of world currencies.    The world financial powers that be have this mapped out a long time ago.    The West has huge debt, derivatives so we are upside down because we sold our manufacturing, etc to the world, mostly China so they are rich and we are poor.    Many of my friends that are collectors understand this now and they are getting word out to their family/friends.    For us in the West we will hopefully survive by owning bullion but to have wealth we must own MCC.    Our world will become very turbulent as Peter Shiff and so many others have warned us......I do not own much bullion, some junk silver is about it......... Online opinions say this....100 million people is about 1/3 of the USA population or 1/15th of China's population.   100 million Chinese will flood into MCC in the future.   We all know Chinese are buying gold/silver like crazy because they have a clue.   I emailed many collectors/dealers about 100 million Chinese that will flood into MCC and not one argued w/ that opinion.    The dealers in Asia tell me the rich Chinese will soon outbid the World for their MCC just wait and see.   I agree.........Again the future is this;  the best of money will be rare coins/medals and MCC minted in China.....just my opinion and i cannot find any evidence that opposes it.....

Your comments are based on the markets having a little reaction (volatility) to Brexit? Stop the wacky hyperbole, please. You have a better chance of hitting the lotto than silver hitting $1000/oz. (in the foreseeable future)
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: silverpv on June 30, 2016, 12:16:55 PM
It's one of those common beliefs of imminent collapse.. I also don't think that will happen. No one argues that China's population is large, but they aren't really putting much money in MCC. If a handful of buyers can corner the market, its not that big. The simplest math is the prices are still not there, only rarities are popping but US coins are still way out front. Not to say that cannot change but not in the near future. China is still full of corruption. I also don't see a ton of value in medals, but that's just me. I'm sure a bunch of people here like the medals. The simple evidence is the fact there's been a 20 year run and only now a handful of coins are up significantly. Not to say they can't continue, but there has to be a driver. Collectible markets are for wealthy nations. China still hasn't shown its full hand and put value on its cultural arts. It still values western art more. That may change, but not likely in the near term. In the type of imminent collapse numismatics lose their premium, so you're better off with bullion. After a recovery and prosperity once again, then the rarities begin to grow but it takes nearly a lifetime of holding. To survive, bullion is what you are missing. There's still no real driver to promote MCC in china. The 2003 1/2 buying is shared purchases with US investors speculating. Not all of them are going to China. So now that the US is adding more fuel to the growth of MCC, not just China's rise.

Wafdawg, when I mention strong dollar its against other currencies not necessarily inflation protection. People in Europe are scared and run to the dollar and gold. US still has one of the best markets until someone decides to cash in.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Pandora on June 30, 2016, 12:53:00 PM
yes , bearish stock market could result in bullish metal market. But I don't think that gold price will skyrocket.
i wonder how this will reflect on the price of gold panda coins.... :thumbup:

It may not impact the rare 1/2 and 1/4 gold panda much, but 1 oz and fractions in general will increase in price. More than the underlying bullion price, the sentiment and momentum will push the prices higher.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Wafdawg on June 30, 2016, 01:42:31 PM
Wafdawg, when I mention strong dollar its against other currencies not necessarily inflation protection. People in Europe are scared and run to the dollar and gold. US still has one of the best markets until someone decides to cash in.

I agree that the dollar is the best fiat currency at the moment.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Wafdawg on June 30, 2016, 02:01:56 PM
Yeah you are probably right. Although a big increase will have effect on some pandas

Yes my comment is in regards to key date pandas, semi-keys, etc.  The biggest move up for pandas will be for the 2016's since they are the most tied to bullion price. 
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Mirkkanen on June 30, 2016, 03:19:31 PM
Please refrain from disrespecting Pandamonium's POV. He does not disrespect yours.

Questioning a fellow member is fine, but antagonizing is not in the spirit of this forum.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Grip on June 30, 2016, 06:19:48 PM
1000.00 silver may not be too far fetched...http://kingworldnews.com/is-the-price-of-silver-really-headed-to-a-jaw-dropping-690/
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: pandamonium on June 30, 2016, 08:24:35 PM
Thanks Mirkkanen.     I do not attack others opinions.    I just read a lot of different opinions on line and many emails, then come to my conclusions.   Derivatives are much worse then most understand.   USD is not for me.    China is doing very very well and the photos prove that.    For me it all boils down to who owns the gold.     I remember the days when the US economy was strong and everyone that wanted a job had one.   I am sad for the West as we have given away our ability to create wealth.   Chinese are buying up the world's best assets and gold.   How long before the Chinese discover their national price MCC?        Back in the 1980's i read that investment capitol flooded into the rare US coin market and many collectors made bank.   Why can't that happen in the near future for rare Chinese coins/medal or MCC?....
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: NBM on June 30, 2016, 09:16:20 PM
Quote
Back in the 1980's i read that investment capitol flooded into the rare US coin market and many collectors made bank.
I don't know for sure but it's possible that as many lost "bank" on speculation schemes as made "bank".
This was the era that birthed the likes of Hannes Tulving, and many others who were prosecuted for "rare coin" investment schemes.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: mazinger7000 on June 30, 2016, 09:21:14 PM
Please refrain from disrespecting Pandamonium's POV. He does not disrespect yours.

Questioning a fellow member is fine, but antagonizing is not in the spirit of this forum.

silver is $18-$19 per ounce. stating that it will be worth $1,000 an ounce definitely qualifies as hyperbole. and i ought to have said something months ago about pandamonium's political post where he explains why he's voting for trump, clearly in violation of CCf rules. but better late than never. if i antagonized, i do apologize. however, i don't want to know who you're voting for, and neither does anyone else on this forum.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Pandora on July 01, 2016, 12:21:08 PM
Gold crossed 1331 and 1340 - both important levels. Next is 1360. If can not cross 1360, then may be back to 1331 and re-test it. If it crosses 1360, next target 1450.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Tao-Panda on July 01, 2016, 01:35:42 PM
silver is $18-$19 per ounce. stating that it will be worth $1,000 an ounce

 :001_wub:
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Mirkkanen on July 01, 2016, 02:33:00 PM
Gold crossed 1331 and 1340 - both important levels. Next is 1360. If can not cross 1360, then may be back to 1331 and re-test it. If it crosses 1360, next target 1450.

Moving too quickly for my liking. "Slow down, you're movin' too fast . . ."
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: silverpv on July 01, 2016, 03:11:58 PM
Moving too quickly for my liking. "Slow down, you're movin' too fast . . ."

 I was also going to put an inuendo... but resisted!
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Grip on July 01, 2016, 03:14:45 PM
Moving too quickly for my liking. "Slow down, you're movin' too fast . . ."
This is what a third wave move off the bottom looks like. Lots of gap up moves with very little pullback forcing people to chase price. Target for this move is 1440 before a fourth wave reaction...
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Pandora on July 01, 2016, 03:16:01 PM
Moving too quickly for my liking. "Slow down, you're movin' too fast . . ."

Silver is moving even faster... At least good for all silver pandas :-)
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Grip on July 01, 2016, 03:19:55 PM
Silver is moving even faster... At least good for all silver pandas :-)
Yeah, and silver stocks. Check out AG, SIL. Loving it!!
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: pandamonium on July 01, 2016, 04:05:10 PM
Why do you remove my post?   Fear?.......
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Wafdawg on July 01, 2016, 05:07:38 PM
Yeah, and silver stocks. Check out AG, SIL. Loving it!!

I'm in on AG!
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Mirkkanen on July 01, 2016, 05:27:13 PM
Why do you remove my post?   Fear?.......

LOL, no. I think it is because after I defended you against antagonizing posts from other members, you made what appeared to be an antagonizing post yourself. Wasn't productive.
Title: Re: Gold Just Broke $1300USD in Asian Trading
Post by: Herrmo93 on July 06, 2016, 05:21:23 AM
Gold still climbing. At 1370 $ right now N31