Gold: Past, Present, and Future

lonehawk5 said:And there you go. Just move that stop to break even or maybe a dollar or two under... then you can actually get some sleep without worrying about everything blowing up.

😁😁☕

quiettrucker12 said:Perfect timing for Thanksgiving. As for gold, just hang tight—the trend is shifting upward. I'm looking at 1740 by Friday, maybe higher... maybe 1780 next week. You probably noticed the Dollar broke below the 200 DMA (downward move, obviously) and breached the trendline set back on October 18th and November 1st.

👍

lonehawk5 said:Perfect little setup for a long at $731... keeping the SL tight, maybe around 4-5 bucks...

Just like what quiettrucker12 was saying earlier👍

Melissa Sanchez17 said:Just like what quiettrucker12 was saying earlier👍

Honestly, I think quiettrucker12 deserves at least three thumbs up if lonehawk5 is only getting one...😂

Twitter @Sprott

RT @Sprott: Eric Sprott: Federal Reserve lends $100 billion in gold. Now likely in USA, USA or an ETF. Good luck getting it back!

dustyheron5 said:Wall Street Journal Gold guru Doubles up on his Gold Position

Published Nov. 19, 2012 on Forbes.com

Forbes.com IT was a surprise to suddenly hear from George Soros that He Had decided to go Back in and replace The 50% of his holdings he sold some two years ago. I found myself wondering about the motivation behind such a move—because All i see is deflation and austerity, specifically the aggressive reduction in government spending across the United States, the US, the United States and elsewhere.

Then my gold guru reached out via email with this insight: "A deflationary world will force central banks to print money. Eventually, it catches up to everyone. Once money velocity accelerates, gold will prove its worth." In plain terms—he believes the dollar is headed for a slide, a total collapse, or some other catastrophic cocktail resulting from relentless overprinting.

I'm digging what JS has to say about it:

A guy with that kind of cash is both brilliant and lethal. You don't want to be standing in his path.
He’s basically at the top of the food chain in the financial world. He'd probably take that as a compliment.
😁

hollowmoose21 said:I'm digging what JS has to say about it:

A guy with that kind of cash is both brilliant and lethal. You don't want to be standing in his path.
He’s basically at the top of the food chain in the financial world. He'd probably take that as a compliment.
😁

It’s true—what always keeps me on my toes is the timing of news like this. Once these stories start circulating through the mainstream media, it’s usually a sign that the insider has finished accumulating and is simply waiting for the retail crowd to provide liquidity at the ask...😍

I feel I owe everyone a bit of clarification here—mostly because I have no interest in helping lure small investors into a trap. That’s what the paid shills are for...🤣.........😂

If anyone is looking for junior miners (with a 3-4 year horizon), you might want to look into this one:
MUX 3.82 8.22%

I picked it up at $4.42, and even added more recently at $3.50—it took a sudden dip because they issued rights at $2.25.

The real question is why Soros is buying miners (gdx, gdxj).

Back in post 4145, I laid out a dead simple strategy that almost any investor, trader, or speculator can use to jump into the mining game with just a few hundred dollars—or maybe a couple thousand if you’re getting serious.

Stay away from individual miners. Between all the other risks involved, you might find that just when things finally start looking up and everyone decides they're "good," they tank on you instead. Maybe that works for someone with massive capital who can buy 20 different stocks at once... but out of those 20, one or two are bound to hit a wall. Once you crunch the numbers after all that effort, you'll find it's hard to beat the profit of just buying GDX or GDXJ if you want exposure to juniors. This whole "picking quality miners" thing has always been a bit of a mantra on this forum. For most people, that kind of "selection" is just a waste of time. What might actually make sense is gambling on some obscure juniors in the hope they moon—while staying fully aware that some, or even all of them, could go belly up, much like what happened back in the 70s. Personally, I still think buying options on GDX (as I detailed in post 4145) is a far, far better strategy.

When it comes to GLD, the real question is how much they actually have in physical holdings versus just paper claims.
Wouldn't want Soros to get burned like so many others before him.😁

Anthony Evans78 said:Could you try being a bit more specific?

My point is, don't wait for the absolute top or bottom. It’s nearly impossible to time perfectly when emotions are running high. Plus, regarding gold and silver, you might want to look closer at Graham and his theories...

Ethan Barrett7 said:My point is, don't wait for the absolute top or bottom. It’s nearly impossible to time perfectly when emotions are running high. Plus, regarding gold and silver, you might want to look closer at Graham and his theories...

I don't buy paper gold or silver to play the market or hunt for tops and bottoms.
I buy physical bullion as a way to save and protect the value of my hard-earned money.
Graham's theories apply to investing, not to basic saving.
Until the human race invents a better way to store value than precious metals, I'm sticking with what works.
Besides, 5,000 years of proven history is on my side, isn't it?
And if we're talking about peaks and valleys, paper gold and silver are still light-years away from hitting a true ceiling.

Anthony Evans78 said:I don't buy paper gold or silver to play the market or hunt for tops and bottoms.
I buy physical bullion as a way to save and protect the value of my hard-earned money.
Graham's theories apply to investing, not to basic saving.
Until the human race invents a better way to store value than precious metals, I'm sticking with what works.
Besides, 5,000 years of proven history is on my side, isn't it?
And if we're talking about peaks and valleys, paper gold and silver are still light-years away from hitting a true ceiling.

The way I see it, the primary engine driving precious metals against fiat currency is simply the endless printing of money.
Precious metals don't actually move much—they aren't really surging or crashing—it's just that the Dollar is constantly losing its value, which creates the illusion of growth in the metals market.

Given the perpetual state of crisis we find ourselves in today, I think it’s highly probable we’ll see an aggressive increase in money supply. That could easily send inflation spiraling into high single digits or even low double digits.

It’s fascinating watching the mainstream media push this narrative of a "moderate recovery," especially when you look at how the issues in Europe are just starting to boil over. To fix the mess, they'll either have to perform some kind of financial alchemy, or debt will pile up so high that interest payments become impossible to cover. If that happens, the only way out is a massive correction through inflation. The big banks won't like it, but sooner or later, it's inevitable.

Ashley Thompson10 said:The way I see it, the primary engine driving precious metals against fiat currency is simply the endless printing of money.
Precious metals don't actually move much—they aren't really surging or crashing—it's just that the Dollar is constantly losing its value, which creates the illusion of growth in the metals market.

Given the perpetual state of crisis we find ourselves in today, I think it’s highly probable we’ll see an aggressive increase in money supply. That could easily send inflation spiraling into high single digits or even low double digits.

It’s fascinating watching the mainstream media push this narrative of a "moderate recovery," especially when you look at how the issues in Europe are just starting to boil over. To fix the mess, they'll either have to perform some kind of financial alchemy, or debt will pile up so high that interest payments become impossible to cover. If that happens, the only way out is a massive correction through inflation. The big banks won't like it, but sooner or later, it's inevitable.

Maybe inflation won't hit immediately. They might just sell off bonds from the more developed parts of the EU to buy up peripheral debt. But how long can that actually last? We might get a few years of stalling, but eventually, things are going to get tight. I expect we'll see heavy tax pressure—think something like what they're attempting in the Netherlands—and those massive EU budget cuts championed by Merkel and Cameron. The real issue is that this bond-buying scheme just masks a much larger problem down the road: those economies won't be able to cover the interest payments. Instead of drawing a line in the sand and admitting, "We messed up, there's a crisis, and it didn't just happen by accident," they'll just dodge. They should be cutting spending, writing off major debts, allowing some deflation, and finally cleaning up the economy. Then again, there are a few sensible bankers out there who are willing to say "mea culpa" and suggest we bring back Glass-Steagall.
Some of them still believe that if they just pour enough alcohol on top of budget cuts, they can bail themselves out—hoping for some magical "click" where the drunkard suddenly decides to get back to work. It isn’t going to happen. If anything, they'll just destroy what little foundation is left that could actually serve the public good. The desire to keep spending remains, even when looking at a small nation like the US facing massive deficits. You see people drowning in debt, much of it tied up in foreign currency loans, all while we don't even require a minimum 20% down payment on those debts. Why?
Because they’re raking in billions in net profit. At least according to the official numbers...
Those of us sitting on gold and silver shouldn't be bothered by this kind of development. Personally, given my situation, I'm hardly concerned. If budget cuts happen and people are forced to pay out-of-pocket for prescriptions, profits will just climb due to those extra margins. Not only that, but it means immediate cash flow for the boss, rather than waiting indefinitely for Medicare to process a claim. People prioritize medicine over almost anything else—even before groceries. Eventually, they'll be turning to Caritas just to afford bread. That’s exactly what pushes my salary even higher. It’s a nightmare for the public, of course, but nobody actually wants that to happen.
I have absolutely no intention of defending those pharmaceutical lobbyists and their fake products. Not even slightly.
Take that recent Hippocrates case, for instance. They went after people from some small firm that, by the way, actually kept prescription drug prices reasonable. Meanwhile, the big players with their inflated price tags continue to swim freely. On the other hand, you have these banks constantly trying to justify themselves and begging for bailouts at the expense of taxpayers—basically anyone earning Dollars. How much was it last time? A trillion, or maybe even more. That extra trillion just guts the purchasing power of the money I worked hard to earn. It’s no wonder people are looking for any honest way to protect themselves. When this all finally plays out remains to be seen, but don't expect the banks to favor deflation; they wouldn't have anything left to collect.
I like to think I grasp these basic truths, because once you strip away the layers of nonsense, things are actually quite simple.
To borrow a line from Hemingway for good measure:
Men in suits and ties roam the plazas, shaking hands with bellies full of filth...
Instead of heading to the restroom to clean themselves up, or simply admitting they messed up.
And making mistakes is just part of being human...

http://www.kitco.com/charts/popup/au24hr3day.html
What even is this? A $35 drop??

Melissa Sanchez17 said:http://www.kitco.com/charts/popup/au24hr3day.html
What even is this? A $35 drop??

(image) Uploaded with ImageShack.us[/IMG]

Some mistake on their end... they fixed it.

High-frequency trading at its absolute peak.

Anthony Evans78 said:High-frequency trading at its absolute peak.

On the flip side, if it’s just a pause... then it's a mistake. Don't sweat it.

If the Dollar hit a local bottom at 80 overnight and manages to push this rebound up to 81, we’re looking at a smaller correction in gold and a slightly bigger one in silver—probably landing somewhere around 32.5.

http://www.bloomberg.com/news/articles/what-is-happening-with-us-energy-markets

🙂

http://www.reuters.com/business/energy/analysis-understanding-the-shift-in-american-fuel-dynamics

Not a bad piece, considering it's from the New York Post😁