Gold: Past, Present, and Future

quiettrucker12 said:We’re closing in on a massive upward swing. It could happen today, it could happen in a few days—who knows? If you're looking to stack silver coins or gold bullion, don't expect a better entry point than this. Even if we see a quick dip toward the 1660/80 range, it'll likely be a flash in the pan that only high-frequency traders can catch. For the rest of us, those are just tiny blips on the radar. The big picture is still the climb toward 1900, probably by January.

I mean, I couldn't have phrased it better myself. 😍
Personally, though? I’m still waiting for a slightly deeper pullback. 🤷 Maybe once those US GDP numbers hit the wire...

S&P 500 futures are dipping below 1397. Get ready for the fun part (maybe 1370???)

Melissa Sanchez17 said:I mean, I couldn't have phrased it better myself. 😍
Personally, though? I’m still waiting for a slightly deeper pullback. 🤷 Maybe once those US GDP numbers hit the wire...

Could be. A drop to 1666 would cause total panic. Everyone is way too leveraged right now. They’re probably sweating bullets, and instead of just shutting their laptops for a week, they’ll likely panic sell at the bottom like they always do.

Just gotta wait a little longer... just until the big players have had enough fun playing games with the market.

Well, while you guys were busy watching the games😍........gold hit 1714 instead of 1690......

I think the conversation shifts next week. What happened to the S&P 500 this morning was huge... first we see the USD hit 1.298 and gold keeps climbing, then comes the final blow. If that scenario plays out—meaning if gold doesn't just bolt upward—we could see a sharp, temporary crash in gold prices (maybe even dipping below $1,660). We’d see the S&P 500 at 1370 while the Dollar pushes toward the 200 DMA. That would be an insane buying opportunity for anyone quick enough to grab it (and I'm not talking about physical bullion here). For the physical collectors, these dips are perfect for stacking. We saw one back in May, there'll be another next spring, and so on.

dustyheron5 said:Well, while you guys were busy watching the games😍........gold hit 1714 instead of 1690......

As for miners... look, I'm not saying they won't catch a little momentum soon, but if there were a real move happening, they'd be mooning by now. The stock market probably needs another correction (maybe down to 1370?). Even if the Dollar is basically dead, it still has to hit 200 DMA, which is why everything feels stuck right now.

quiettrucker12 said:As for miners... look, I'm not saying they won't catch a little momentum soon, but if there were a real move happening, they'd be mooning by now. The stock market probably needs another correction (maybe down to 1370?). Even if the Dollar is basically dead, it still has to hit 200 DMA, which is why everything feels stuck right now.

Truthfully, things are behaving quite strangely right now... though when I look at S&P Global (which I always do)😍 I have to admit, it's holding up remarkably well relative to the price of silver...

Typically, when metal prices climb, S&P Global ends up trading higher than silver itself—if silver hits $32, then S&P Global hits $33 or $34. But currently, we have silver sitting at $32.50–$33 while S&P Global is up at $39.50...😉

Regardless, the real metric should be how GDX and the IMF are performing, shouldn't it?

By the way, while gold and silver were dragging yesterday, my mining picks actually managed a 2% to 4% gain. 👏

It’s always either GDX or the IMF (one’s an ETF, the other’s an index—just saying for those not paying attention)... S&P Global has been looking solid for quite a while now... If I actually cared about picking individual stocks, I’d be all over both it and RGLD.

Anthony Evans78 said:The fact that nearly seventy years after the war, the Germans don't even have their own gold at home tells you everything you need to know about who’s actually in charge.
Now they’re making noise about bringing 150 tons back home over the next three years just to "verify" it. Supposedly, they moved 500 tons out of New York City back in 2001 (which lines up perfectly with the sale of British gold... total coincidence, right? 🙂), but there’s still almost 3,000 tons sitting in New York City and New York City...

The official line is that the gold was stashed in New York City and other hubs because of the risk that the 20th-century Cold War between the East and the West—which could have easily turned into an all-out armed conflict—might jeopardize the security of those reserves. Does anyone actually believe that?

There’s some truth to that, but it also serves as a convenient excuse to pull gold away from the Germans, who are constantly dreaming up new ways to run the entire world.😁

Amanda Allen4 said:The official line is that the gold was stashed in New York City and other hubs because of the risk that the 20th-century Cold War between the East and the West—which could have easily turned into an all-out armed conflict—might jeopardize the security of those reserves. Does anyone actually believe that?

Wait... so the argument is either the gold is still sitting there, or we were on the brink of war? 🙂

Jim Rickards' take on an Armageddon scenario—unlikely, perhaps, but certainly not impossible.

dustyheron5 said:

Jim Rickards' take on an Armageddon scenario—unlikely, perhaps, but certainly not impossible.

It’s super similar to this one: ☕

http://www.youtube.com/watch?v=N3q5N...layer_embedded

lonehawk5 said:Just gotta wait a little longer... just until the big players have had enough fun playing games with the market.

Like I said... waiting was definitely the right call...😉

And then what?.....did you manage to bottom out again using High-Frequency Trading firms just to scrape together a 0.39% gain? 😂

dustyheron5 said:

Jim Rickards' take on an Armageddon scenario—unlikely, perhaps, but certainly not impossible.

We saw this kind of chatter all over the internet back in 2006—if not even earlier, though I wasn't really paying attention then.🙂 I distinctly remember those big-name gurus claiming the US dollar would be completely worthless by 2008.

Harold Martin10 said:We saw this kind of chatter all over the internet back in 2006—if not even earlier, though I wasn't really paying attention then.🙂 I distinctly remember those big-name gurus claiming the US dollar would be completely worthless by 2008.

Oh yeah... you missed the '30s, the '70s, and the early '80s...
Probably more stories like this before then, but I didn't go that far back 😬

Harold Martin10 said:We saw this kind of chatter all over the internet back in 2006—if not even earlier, though I wasn't really paying attention then.🙂 I distinctly remember those big-name gurus claiming the US dollar would be completely worthless by 2008.

Well, why don't you name them so we can see for ourselves?

It seems you have no idea who Jim Rickards is... he is the man who drafted currency war scenarios for the Pentagon back in 2009—essentially predicting exactly what we are witnessing today. He isn't just another one of those self-proclaimed doomsday prophets you seem to be thinking of... and from what I gather, he isn't suggesting the dollar will simply vanish, but rather that the entire landscape of that sector could undergo a profound shift.

Anyway,
take a look at this statement from Hu Jintao:
"the current international system is the product of the past"
I assume you know who he is.

How would this whole scenario actually play out for your average American guy on the street?

Would we be looking at that breaking point where hunger sets in and people just start seizing whatever (empty) land they can get their hands on?