Author Topic: Why Gold will be flat or GO DOWN!!!!!  (Read 127972 times)

0 Members and 1 Guest are viewing this topic.

Offline wg

  • Trade Count: (+1)
  • Hero Member
  • *****
  • Posts: 952
  • Karma: 69
Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #345 on: August 12, 2019, 06:25:15 AM »
Quote
... One problem remained. The dollar was depreciating relative to gold.  Rigging the currency market was necessary but not sufficient to stabilize the dollar’s value. The gold market also had to be rigged. To stop the dollar’s depreciation, naked short selling has been used to artificially increase the supply of paper gold in order to suppress the price.  Unlike equities, gold shorts don’t have to be covered. This turns the price-setting gold futures market into a paper market where contracts are settled primarily in cash and not by taking delivery of gold.  Therefore, participants can increase the supply of the paper gold traded in the futures market by printing new contracts. When large numbers of contracts are suddenly dumped in the market, the sudden increase in paper gold supply drives down the price. This has worked until now.

https://www.paulcraigroberts.org/2019/08/07/is-the-federal-reserve-losing-control-of-the-gold-price/

Offline wg

  • Trade Count: (+1)
  • Hero Member
  • *****
  • Posts: 952
  • Karma: 69
Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #346 on: August 13, 2019, 06:35:59 AM »

Offline wg

  • Trade Count: (+1)
  • Hero Member
  • *****
  • Posts: 952
  • Karma: 69

Online pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2550
  • Karma: 48
Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #348 on: August 13, 2019, 10:27:21 AM »
3 pigs....

Offline wg

  • Trade Count: (+1)
  • Hero Member
  • *****
  • Posts: 952
  • Karma: 69
Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #349 on: August 15, 2019, 03:36:28 AM »
Quote
If governments and central banks were honest, they would every year publish a table how much value the currency has lost in relation to gold which is the only money that maintains its purchasing power.

https://goldswitzerland.com/government-action-will-push-gold-ever-higher/


Online pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2550
  • Karma: 48
Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #350 on: August 29, 2019, 12:07:05 PM »
Goldseek     CNBC   "China send fresh troops into Hong Kong......"

We all knew it was coming.     Hopefully it will not end up like Tianamen Square but the HK people are willing to fight for their rights.      China signed a 50 yr contract to allow HK autonomy back in 1997?     Why not honor that?

Several online analysts say big problems w/ HK means bullion could double in price very soon.      Will big problems give China a very poor reputation world wide causing their rare coins/medals to lose attraction?          Many say China owns 1/3 of the world's gold supply so in the long run they will make the rules....   we will soon find out...

Offline KeyDate1/2ozPandas

  • Supporter
  • Trade Count: (+15)
  • Hero Member
  • *****
  • Posts: 1049
  • Karma: 212
  • Gender: Male
    • China Mint Coins, LLC
Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #351 on: August 31, 2019, 10:31:30 AM »
My prediction is violence will escalate and prior to Oct 1, a serious clash will occur.  Beijing can't give in to any of the demands, because if they do, mainland cities may follow suit demanding more rights and change.  HK won't give in because they know it is now or never. 

Gold should spike when military action occurs.  Whether the spike is short term a few days or few months will depend on how long the PLA occupies Hong Kong.  What is bearish for gold in terms of HK is that their currency is pegged to US dollar so they don't really need a safe harbor asset like gold, their currency will not depreciate, unless full take over by mainland occurs and HK currency no longer exists, that would cause a run to gold.  It is good time to be long with so much world uncertainty.  After a volatile October it will be time to reaccess the situation.

Offline wg

  • Trade Count: (+1)
  • Hero Member
  • *****
  • Posts: 952
  • Karma: 69
Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #352 on: September 06, 2019, 01:58:03 AM »
Quote
DANISH MORTGAGE WITH BANK PAYING BORROWER

Negative interest rates are of course a total absurdity. They totally destroy the incentive to save and also pensions. In Denmark you can now get a 10 year mortgage with Jyske Bank at MINUS 0.5%. Imagine, you buy a house and the bank charges nothing for the loan but instead lets you pay back less than you borrowed.....

Quote
Trump is clearly going to win this game over Powell. Trump has declared that rates should be reduced by 1% now. Thus we are guaranteed to see much lower US rates and a rapidly falling dollar during the autumn.

https://goldswitzerland.com/the-decay-and-decline-of-the-whole-capitalist-system/

Online pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2550
  • Karma: 48
Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #353 on: September 07, 2019, 06:55:01 AM »
Paul Craig Roberts  "Will the Matrix prevail?"......

Offline wg

  • Trade Count: (+1)
  • Hero Member
  • *****
  • Posts: 952
  • Karma: 69
Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #354 on: September 17, 2019, 07:26:57 AM »
Quote
.. but the problem will be if they borrowed money against their houses, they will be left with negative equity...
Quote
.. So with negative rates, governments and central banks are not solving the debt problem of the world but exacerbating it. By trying to solve a debt problem with more debt, the problem will grow exponentially before it implodes.

https://goldswitzerland.com/king-solomon-and-666-gold/

Offline wg

  • Trade Count: (+1)
  • Hero Member
  • *****
  • Posts: 952
  • Karma: 69
Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #355 on: September 26, 2019, 12:22:04 PM »


Quote
He says for the first time ever, he’s “100% invested in gold” as a percentage of his portfolio.  He says the bottom “is in for gold,” and “the bottom is in for silver, too.”

https://usawatchdog.com/first-ever-triple-bubble-in-stocks-real-estate-bonds-nick-barisheff/

Offline wg

  • Trade Count: (+1)
  • Hero Member
  • *****
  • Posts: 952
  • Karma: 69
Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #356 on: October 01, 2019, 10:08:42 AM »

Offline Hippanda

  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 881
  • Karma: 79
Re: Why Gold will likely go sideways
« Reply #357 on: October 01, 2019, 10:00:44 PM »
Wait - are those graphs in that article cherry picking starting / ending dates to try and make a point?
Golden week is Oct 1-7 each year, and arbitrarily marking up trends and downtrends in red and green and reversals apart from these days seems misleading.

For example,
In 2018 upward reversal happened on the 10th, not too bad.
In 2017 the prediction was accurate with upward reversal after the 6th.
In 2016 the downtrend continued until the 17th, ( not sure why author had trend in red until 20th)
In 2015 the downtrend ended on the 2nd so the prediction of price collapse on 1-7 was dead wrong.
In 2014 the downtrend ended on the 6th
In 2013 the downtrend continued well past the end of Golden Week til October 16.
Summing it up, as a predictive indicator it seems like it succeeded in maybe 2 or 3 times out of six.


https://www.zerohedge.com/commodities/real-driver-golds-recent-weakness
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline wg

  • Trade Count: (+1)
  • Hero Member
  • *****
  • Posts: 952
  • Karma: 69
Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #358 on: October 15, 2019, 05:27:40 AM »
Quote
Central Bank Issues Stunning Warning: "If The Entire System Collapses, Gold Will Be Needed To Start Over"

https://www.zerohedge.com/markets/central-bank-issues-stunning-warning-if-entire-system-collapses-gold-will-be-needed-start

Online pandamonium

  • Supporter
  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 2550
  • Karma: 48
Re: Why Gold will be flat or GO DOWN!!!!!
« Reply #359 on: October 31, 2019, 10:39:15 AM »
CNBC   "A growing club of very powerful countries is steering away from using the USD"   
Guess which currency will replace it.    Read.
I have stated for years the world will wake up to Chinese money.     The system is in place.    This means investment capitol will flood into rare Chinese coins/medals as what happened to rare US coin market in the 1980's.     Others have posted about this years ago...
For you new collectors why not buy the rarest, highest grade Chinese you can?     Early years only!         Just ask the expert sellers/collectors on this forum...
Again, those that sell NIML, new issue low mint medals, use the profits to buy early years......
When lovemoney got into buying/selling NIML he asked if i wanted to buy them at cost.    It was about $35 to $40 each for NIML and i said no.   They went up and he sold them to many.     Most of them went up then down.    So others were left holding the bag.     Lovemoney then used the profits to buy high grade early years.     If he can understand the basics so can you new collectors.      A few NIML still hold value or go up but most have not.     Time is marching on......