Posts by vividgull10

The chicken pecked at the grain
http://nytimes.com/news/world/australia-news-link

analogharbor44 said:_Honestly, I’ve totally lost track of which moving averages to watch—is it the 10, 20, 50, 100, 150, or even the 200 or 500? 😕

Try the 113.7 SMA 🤷

Robert Vaughn10 said:Sure, but Andersen is playing the game and winning.
It gives off major Hans Christian Andersen vibes.😂😉
The party is fine by me; I'm glad it ends this way.
I have my doubts, though. Back to gold...
Just last week, after getting some much-needed downtime from work, I took a deeper look at the gold charts and data. I was actually stunned by how high the price remains despite all the immense downward pressure. It’s almost unbelievable how high it sits compared to the force trying to squeeze it down...
I ended up buying silver that day, trying to look further ahead regardless of the mounting pressure on the metal.

Nice 👍
🙂

To avoid becoming Green Party — basically "total dominance" by black (plenty of pieces, just zero momentum 🙂 ) — it’s also a lost cause 🙂

Patrick Moore3 said:

Patrick Moore3 says:
Alright, let's put it in writing... 83+, a Wall Street crash, and gold at b>!
By when? Spring 2013 at the latest.
Now we just wait for 🙂

yet DXY and those bloated indices...

btw...
I can barely keep up with everything happening anymore. Honestly, I'm thinking about stepping back... so I'll hold off on any more forecasts and just stick to what's above: 2013 will basically be 2012 +/- 10%!

🙂

👍

analogharbor44 said:Do you think it could hit $1530? People here might treat that like sacrilege😁. That would mean the silver I bought two years ago would be trading below my entry price🙂

Don't you get that it actually held its value?☕

Someone’s gotta act as the liquidity provider... that's just how the game works.

Patrick Moore3 said:I'm referring to that plan you mentioned above about cutting debt by $200 billion annually... On the other hand, in this current setup, inflation would actually serve them well. I bet they'd much rather use that 1980s method anyway, especially since both GDP and debt are calculated in dollars...

Gold market reactions tell me they've already reached an agreement on this, unless some sudden changes pop up out of nowhere... I'd say this whole thing is settled.

Seems that way for now:
http://www.ibtimes.com/gold-price-re...ptimism-948714

noted 😬

neondriver5 said:Where on earth are you guys pulling these weather timelines from?

Same question here.

The only logical take right now is that this dip was just stop hunting—basically just poking at the liquidity pool to see what happens. Only a fresh break below that level would prove me wrong and kick off a much deeper slide.

dustyheron5 said:Fine... but you're still missing the point entirely.🤣

Anything can function as saving, speculation, or an investment simultaneously.

Take my collection of solar panels, for instance—that serves as both a way to save money and a long-term investment. Plus, if prices spike suddenly, I could sell them speculatively.😁

No offense intended, but grasping these fundamental concepts seems to be a struggle for you—so I'll go read something substantive elsewhere to avoid wasting more of my day on this, while you continue your usual trolling. 😂

Sure it can.
A hole in the ground could work for just about anything if you try hard enough.

The real question is how well.

dustyheron5 said:Look, you seem to be missing some fundamental concepts here... any type of asset can be used for either investing or speculation. That depends entirely on your own temperament and character as an investor—not the specific class of asset you choose to hold.

By the way, just a friendly suggestion... you should really look into $32 Lamar Jackson's book: Investing And
😉

I’m talking about saving and speculation; you're out here talking about investing and speculation.
Either you’ve completely confused investing with saving—which I highly doubt—or you just aren't paying attention to what's being written here.

dustyheron5 said:Look, I'm an investor, a speculator, and a consumer—I've been through all three. I used to be a saver back before the 2008 crash... now, I spend more than I save 😂—essentially playing a strictly counter-cyclical game.

And honestly, go ahead and head down to a big bank like JPMorgan to ask for some "expert" investment advice. They sure know their way around risk management... 😉
Why waste your time on the steel industry when (in your view) it serves no purpose other than spiking 100% and then crashing 50%? 😂

In other words, it serves its exact purpose: it's meant for speculation, not for a savings account.

dustyheron5 said:Look, my friend, I’d suggest heading down to JP Morgan... they have the best risk management teams in the world... and they'll give you some top-tier advice...😂

For instance, you could always buy some Coca-Cola bonds... or maybe look into Exelon... or even put more capital into Ingram.😁

So, you’re actually telling me you’d park your money in something that doubles in a year only to crater by 50% right after? Seriously?

Dennis Myers6 said:So, I guess even gold can't actually keep pace with this runaway inflation we're seeing?
Like, we're talking about the same gold that's supposedly worth five times more than the whole wheat-copper-zinc supply chain?
🙂

What are we even talking about here? Are we discussing inflation hedges or just riding some insane bull market?

Drug dealing nets you a few hundred percent return, which more than covers inflation. You gonna conclude that peddling drugs is a hedge against inflation now?

Anthony Evans78 said:Gold has always been—and will always be—at least a hedge against inflation. History proves it every single time, and we're seeing it happen right now.
As for your other point, your premise is flawed from the jump. Which Commodities are we talking about? You can't just lump them all into one basket using some arbitrary index.
Besides, that doesn't mean gold isn't being manipulated. Gold is climbing because of the endless printing of fiat currency...

History shows plenty of things:
http://goldratefortoday.org/gold-inf...p-correlation/

Everything changes... except for the one constant thing in life: the urge for idiots to try and proofread someone else's work. ☕

Anthony Evans78 said:It’s not just my opinion; it’s backed by thousands of years of history. Then again, I suppose a day trader's brain struggles to see past next Tuesday, let alone a full year.
And what exactly counts as saving? Bonds? US dollars? Old German marks? Oops... those don't exist anymore either. Show me any form of savings better than gold and silver—something that isn't being devalued by governments and banks, something that won't rot, stays liquid, and has actually worked for millennia—and I'll happily switch over.
Like most trolls, I'd suggest you learn the difference between "money" and "currency," or even "saving" versus "investing." You clearly haven't even mastered basic concepts like inflation yet, so you still have a lot to learn.

Show me any definition of "savings" anywhere in the world that allows an asset to spike 100% and then crater by 50% within a single year.
Savings my ass.

You aren't saving; you're just waiting for Judgment Day. In other words, this isn't finance, it's religious fanaticism.
And your posts are exactly the same way.

quiettrucker12 said:Like I said, it's not exactly okay to call people idiots or morons on this forum. I'm pretty sure there are rules against it. Since nobody is doing anything about it, I'm ending this discussion with you.

I told him that a long time ago, but the guy is just plain rude.

quiettrucker12 said:My bad, "since" works, but I still think it was a bit harsh to talk to our colleague like that regarding the shadow.

We've been stuck in this phase where stocks are problematic for years, but eventually, we'll hit that second stage shown on the graph where gold and stocks swap roles. At some point, gold will stretch too far, and capital will flow right back into equities.

Maybe you can write "since," but "daytraderly" isn't a word. And don't even get me started on his "contributions" or how he "distorts facts."
Since you want to be the grammar police, why don't you go ahead? 🙂

Just because you’re delusional enough to call that "saving" doesn't mean it actually is.
What "you guys" choose to do is your business, obviously, but talking about savings when something jumps 100% in six months only to crater by 50% is just plain ridiculous.

Anthony Evans78 said:Inflation is actually pretty simple. It’s just more money circulating in the system. Nothing more, nothing less. If you pump more cash into circulation without a proportional increase in the goods and services that money is chasing, prices go up. It's basic economics. Does anyone really need it explained any other way?
It’s not about making everyone rich; it's about ensuring the vast majority stays broke. Isn't that always the goal?

Wrong again, just like with that first point. Unlike fiat or digital money, you can't just print gold whenever the whim strikes. That’s exactly why it serves as such an incredible barometer for the value of paper currency.
And just when you think everyone's going to strike it rich... as if.

Nobody here is actually talking about risk management. Instead, we’re stuck on this age-old delusion held by those with the power to print money—the idea that they can just crank up the supply, conjure value out of thin air, and somehow drive economic growth. It never worked then, and it sure as hell won't work now.

Exactly what I’m talking about.
It isn't "simple" to me. If you think it is, fine by you.

All those "universal truths" from the Austrian School lions flooding the internet are well-known and all well and good, but they’re useless to me when it actually comes time to decide where to park my cash.

If I dump money into something today, wait five years for it to move an inch, and then watch it skyrocket in year six, that doesn't prove a theory was right—it just means I misallocated my resources for five straight years. (Not to mention sitting through a 50% drawdown, damn it!)

That's pretty much my whole philosophy.