Gold: Past, Present, and Future

Anthony Evans78 said:It seems like you're struggling to think past whatever narrative is being spoon-fed to you.
I bet you were one of those people back in 2005 who thought the housing bubble would never burst.
Or maybe in 2003, you thought mutual funds would just climb forever.
Perhaps you even think spring will never come again. Why? Is the winter and ice around us so intense that you think this is all there is?

Honestly, you sound like some guy in October telling people to pack their swimsuits because "obviously" next summer is going to be a heatwave.😬

And if someone actually dies from pneumonia, who cares? I'm sure Anthony Evans78 will step in to explain that even though they're dead, their life still holds plenty of value. 🙂It's like watching a bad episode of Seinfeld, seriously.😍

ps.
Are you shorting silver today or what? 😍

So, the money printer is still running and gold just jumped another buck. Don't wait around—it already cleared $10! But hey, no point dwelling on the past 😍

I’ve got a question about the Federal Reserve, though. Can the Federal Reserve pull the same moves as they do over here? Like, can they buy up Treasury bonds and swap them out for long-term ones?

vividgull10 said:Honestly, you sound like some guy in October telling people to pack their swimsuits because "obviously" next summer is going to be a heatwave.😬

And if someone actually dies from pneumonia, who cares? I'm sure Anthony Evans78 will step in to explain that even though they're dead, their life still holds plenty of value. 🙂It's like watching a bad episode of Seinfeld, seriously.😍

ps.
Are you shorting silver today or what? 😍

Wrong metaphor, buddy.
Just to set the record straight: I’m one of those people who tells everyone to buy their winter gear in the middle of summer, simply because that's when you can actually find a deal. Why pay full price when you don't have to? 😉
Shortam? You think I should just shave a little off the Wiener or the Eagle? Cut the lever in half? I don't get it. 🙂

analogharbor44, still don't get that the market hasn't actually functioned for years? You basically just described manipulation yourself. 😁

Anthony Evans78 said:Wrong metaphor, buddy.
Just to set the record straight: I’m one of those people who tells everyone to buy their winter gear in the middle of summer, simply because that's when you can actually find a deal. Why pay full price when you don't have to? 😉
Shortam? You think I should just shave a little off the Wiener or the Eagle? Cut the lever in half? I don't get it. 🙂

analogharbor44, still don't get that the market hasn't actually functioned for years? You basically just described manipulation yourself. 😁

If you haven't realized summer doesn't last all year, you're kidding yourself.😬

Anthony Evans78 said:Wrong metaphor, buddy.
Just to set the record straight: I’m one of those people who tells everyone to buy their winter gear in the middle of summer, simply because that's when you can actually find a deal. Why pay full price when you don't have to? 😉
Shortam? You think I should just shave a little off the Wiener or the Eagle? Cut the lever in half? I don't get it. 🙂

analogharbor44, still don't get that the market hasn't actually functioned for years? You basically just described manipulation yourself. 😁

Yeah, yeah, you don't get it... that's why you're reading zerohedge 😍

vividgull10 said:If you haven't realized summer doesn't last all year, you're kidding yourself.😬

Yeah, yeah, you don't get it... that's why you're reading zerohedge 😍

🤦
Just like always, not a single real argument or smart thought in sight.
Actually, let me rephrase: there isn't even a single thought here.

We’ve got a gold triangle forming. The top edge is set by the peaks on Oct 5th and Nov 22nd, while the bottom is anchored by Aug 31st, Nov 5th, and Dec 7th.

Looking at the weekly chart, that bottom edge is basically acting as the 75-week moving average. So, testing that lower boundary is effectively a test of the 75 WMA. For this breakout to actually hold, we’d need to see prices hit somewhere around $1,687. I’m personally not rooting for—or expecting—a dip lower than that, because if we slide past that, we’re almost certainly dropping below $1,673. But hey, that's the market for you. Anything can happen.

A lot of people missed this one too
http://seekingalpha.com/article/1060...her-here-s-why

Anthony Evans78 said:A lot of people missed this one too
http://seekingalpha.com/article/1060...her-here-s-why

I’m betting Luković and Prka dive straight into some massive gold buying right after the holidays🙂

And yeah, this guy down in the comments

is asking if banks are gonna need to hold actual physical gold, or if just owning ETFs like GLD counts as a Tier 1 asset?

😂

Only physical gold counts as a Tier 1 asset.

Anthony Evans78 said:Only physical gold counts as a Tier 1 asset.

Alright! We'll see about that. Too bad we aren't talking silver instead of gold—then you might actually be able to sell some silver to Luković! 😍

analogharbor44 said:Hey goldbugs, is this stuff actually legit? $36667 😕

So this guy hit me up:

The certificate lists the specific literature describing this gold coin. Experts claim only 19 pieces were minted in Washington, D.C., and they’re cited as the originals.

Back in 1948, another 450 pieces were minted in the USA, which are mentioned in various numismatic books.

Getting an authenticity certification isn't easy; it has to be issued by an authorized forensic numismatic expert. Both the certificate and the expert report come with a fee.

There’s no way to know exactly how many of these coins are left in circulation globally. Plenty of collectors have confirmed they've never even seen an original in person, though there's a description in some numismatic literature

but they don't include a photo because they've never had access to one.

Sometimes people have quoted values around $5,500, but that's not for the true originals since those only hit the market once every 30 years or so.

The price might look huge if you're looking at it through the lens of our local economy, but on the international stage, it’s totally reasonable for something this rare.

Higher offers have been made before, but without a serious broker, it's tough to close a deal with a buyer from Australia or the USA.

analogharbor44 said:Alright! We'll see about that. Too bad we aren't talking silver instead of gold—then you might actually be able to sell some silver to Luković! 😍

It’s actually pretty great for the silver bugs that silver hasn't been dragged into this mess.
Let them keep burning through the silver supply. Let it dwindle until there's nothing left.
And you can't exactly eat it either—just like gold. 🙂

analogharbor44 said:So this guy hit me up:

The certificate lists the specific literature describing this gold coin. Experts claim only 19 pieces were minted in Washington, D.C., and they’re cited as the originals.

Back in 1948, another 450 pieces were minted in the USA, which are mentioned in various numismatic books.

Getting an authenticity certification isn't easy; it has to be issued by an authorized forensic numismatic expert. Both the certificate and the expert report come with a fee.

There’s no way to know exactly how many of these coins are left in circulation globally. Plenty of collectors have confirmed they've never even seen an original in person, though there's a description in some numismatic literature

but they don't include a photo because they've never had access to one.

Sometimes people have quoted values around $5,500, but that's not for the true originals since those only hit the market once every 30 years or so.

The price might look huge if you're looking at it through the lens of our local economy, but on the international stage, it’s totally reasonable for something this rare.

Higher offers have been made before, but without a serious broker, it's tough to close a deal with a buyer from Australia or the USA.

Krause claims only 170 were minted and lists the value at $3,000 (Standard Catalog of World Coins 1901.-2000., 37th edition, 2010 release).
Looks like a chance for Thompson and the rest of them to make a killing.😁

dustyheron5 said:You’ve got it wrong, Francis—completely off base.......Bernanke made the call to ramp up intervention by purchasing $45 billion in US Treasury securities every month.......😉

Everything is heading up now, just as I predicted.......😍

http://www.businessinsider.com/fomc-...eeting-2012-12

Totally wrong, man... once again, your predictions are way off. Didn't learn a thing after QE3, huh?

dustyheron5 said:I think he’s mostly just trolling—honestly, there's very little substance to what he's saying. 😂

Reading your forecasts, it's pretty obvious who's trolling here...

@Mizuzul, @quiettrucker12

not even gonna quote them...

👍
if you want a real look at what's actually happening

quiettrucker12 said:Why on earth would you think I’d doubt it? What gave you that idea? Come on, you're a rational guy. I called the bottom at 75 WMA and the floor at 1686 in real time—fine, we hit 1685 the next day, whatever. It was a gutsy call considering the FOMC meeting was only a couple of days away. Of course I left a tiny bit of room for error in case Ben Bernanke decided to shake things up.

1870–1800... if we actually hit those numbers, we aren't just talking about short-term fluctuations anymore. With all due respect, after today's FOMC meeting, there’s zero room left for this "maybe" nonsense. 😉.

That logic just doesn't hold up. Markets aren't rational—they never have been. I can't believe that with news like this, you're still seeing this much skepticism on the forum, and now I'm seeing it from you too. It takes time for the moving averages to actually trend upward. We need to see at least the 10-day moving average shift before we talk.

----------------------------

I’m not even going to bother writing a whole new post. Honestly, I couldn't care less where gold heads over the next few days. If it dips a bit, it’s going to hit some serious resistance at the 100 DMA—it's sitting at 1705 right now, but the trend is up. There's a huge chance we'll see it testing that level pretty soon.

The 100-day moving average.

And now we’re looking at 75 bps. I really hope we don't have to put that theory to the test before February or March, but hey, anything can happen.

75-week price average.

It broke the 100-day MA. We were down at 1694 early this morning! If we crack the 75-week WMA, how low can this thing actually go?

Patrick Moore3 said:It broke the 100-day MA. We were down at 1694 early this morning! If we crack the 75-week WMA, how low can this thing actually go?

If that happens, we’ll likely need to slice through the 300-day moving average (1674) and hit the 200-day at $1664. That would set a new floor instead of the November 5th low. Honestly, all of that could happen in a single session. Testing the 75-week moving average is the realistic scenario here. Like I said, I don't care where gold goes over the next couple of days. Everyone is confused, everyone set their stops too high, and the "boys" (and girls, since I don't want anyone getting offended) took advantage and pushed gold down overnight. Now we're way too close to the 75-week moving average not to test it, especially since that was always an option on the table (check my post from last night). I'm only looking at the February-March target, which is getting close to 1900.

Anthony Evans78 said:Krause claims only 170 were minted and lists the value at $3,000 (Standard Catalog of World Coins 1901.-2000., 37th edition, 2010 release).
Looks like a chance for Thompson and the rest of them to make a killing.😁

$3,000? No way, $36667not really!

analogharbor44 said:$3,000? No way, $36667not really!

That’s straight from Kennedy's catalog. Most serious collectors don't treat it as gospel, but it gives you a general ballpark.
Just look at what went down a few weeks ago:
http://www.coinworld.com/articles/an...returns-to-th/

Coin collecting is a strange business, isn't it? 🙂