Posts by quiettrucker12

Even Jerry says so!

Jerry Fletcher: "A good conspiracy is unprovable. I mean, if you can prove it, it means they screwed up somewhere along the line." 😛

I’ve said it before: I much prefer Jerry Fletcher over ZeroHedge. He’s just a much cleaner version of 😁.
Check this out: http://www.youtube.com/watch?v=svphE__WU5Y
Not touching PMs for a while. Picked up some EUO yesterday, so let's see how that plays out.

Trying to make money shorting a bull market is basically a fool's errand. Honestly, what's even the point of talking about shorting a bull run that's been going strong for a decade?

The correction we saw back in August through now is just standard market behavior—nothing out of the ordinary. It’s just as typical for a bull market as that massive three-year climb we saw following the last correction.

Think about it: why wasn't anyone "manipulating" the price during those three years when it was climbing in such an incredibly steady pattern?

And why wouldn't it be the exact same story when the next wave hits (likely after a six-month to year-long consolidation)? We won't see "manipulation" then either; we'll just see another steady, upward trend.

It’s hilarious how permabulls try to cry "manipulation" every single time there's even a tiny dip.

This chart shows exactly how similar bull markets are and how they actually play out:

http://www.google.com/imgres?q=gold+b...d8ezeBQ&zoom=1

It's funny how people only start screaming about manipulation right when a correction is due, yet they stayed silent during three straight years of uninterrupted growth.

It’s pretty funny how the corrupt cartel is letting silver climb today instead of crushing it.☕

Economic forecasts are usually most accurate once the damage is already done. 😁

Anthony Evans78 said:Computers were dumping paper gold while people were holding onto their physical bullion. That’s the whole point. If you don't see that as manipulation, I honestly don't know how else to explain it to you.
Is it even possible for gold not to skyrocket right now? How can it stay anything else when they’re printing up insane amounts of digital paper out of thin air?

The DXY is nothing more than a scrap of paper used to track fiat junk; it’s useless for actually pricing gold. Gold dropped because they needed a smokescreen for one of the massive rounds of QE we've ever seen—that $700 billion injection from the Federal Reserve. That’s why Ben claimed there were some "positive shifts" in the US housing market and insisted there was no need for more QE. Naturally, the HFT bots lost their minds and hammered the price down.
It's not just that things aren't improving; the US housing market is looking worse than ever. If you actually bother to look at the M2 money supply and the Fed's balance sheet, it’s obvious they're lying about QE. And how exactly does gold drop by $100 or €70 when $700 billion is being conjured out of thin air? In any sane world, that wouldn't happen, but I guess we're living in Wonderland now.

There are actually ways to drive gold and silver prices down. It would take things like falling unemployment, fixing the debt crisis, or finally liquidating those insolvent banks instead of bailing them out. You’d also need interest rate hikes, actual GDP growth, fewer people relying on welfare, cracking down on white-collar criminals, and—most importantly—the Fed finally stopping the money printing.

Gold hasn't climbed over the last 12 years because people suddenly developed a passion for bullion. It's climbing because the bubble in fiat currencies and government bonds is inflating. Gold is just the indicator for the biggest bubble in human history.

EDIT: Forgot to mention that yesterday was the first delivery day on COMEX... what a coincidence.
Just so we're clear on the difference between the paper world and reality:
http://www.mineweb.com/mineweb/view/...ail&pid=102055

It doesn't matter who was dumping; the reality is that the USD spiked when it should have tanked. If the dollar had dipped just a tiny bit more, gold would’ve smashed through 1805. One big reason it didn't was this sudden surge in the USD—just look at the charts I posted. Why would anyone call the selling "manipulation"? It’s basic math. The dollar strengthened out of nowhere, triggered a panic sell-off, and that's what drove prices down (and dragged physical value down against the USD along with it). It’s simple. Just look at the graphs.

Anthony Evans78 said:Computers were dumping paper gold while people were holding onto their physical bullion. That’s the whole point. If you don't see that as manipulation, I honestly don't know how else to explain it to you.
Is it even possible for gold not to skyrocket right now? How can it stay anything else when they’re printing up insane amounts of digital paper out of thin air?

The DXY is nothing more than a scrap of paper used to track fiat junk; it’s useless for actually pricing gold. Gold dropped because they needed a smokescreen for one of the massive rounds of QE we've ever seen—that $700 billion injection from the Federal Reserve. That’s why Ben claimed there were some "positive shifts" in the US housing market and insisted there was no need for more QE. Naturally, the HFT bots lost their minds and hammered the price down.
It's not just that things aren't improving; the US housing market is looking worse than ever. If you actually bother to look at the M2 money supply and the Fed's balance sheet, it’s obvious they're lying about QE. And how exactly does gold drop by $100 or €70 when $700 billion is being conjured out of thin air? In any sane world, that wouldn't happen, but I guess we're living in Wonderland now.

There are actually ways to drive gold and silver prices down. It would take things like falling unemployment, fixing the debt crisis, or finally liquidating those insolvent banks instead of bailing them out. You’d also need interest rate hikes, actual GDP growth, fewer people relying on welfare, cracking down on white-collar criminals, and—most importantly—the Fed finally stopping the money printing.

Gold hasn't climbed over the last 12 years because people suddenly developed a passion for bullion. It's climbing because the bubble in fiat currencies and government bonds is inflating. Gold is just the indicator for the biggest bubble in human history.

EDIT: Forgot to mention that yesterday was the first delivery day on COMEX... what a coincidence.
Just so we're clear on the difference between the paper world and reality:
http://www.mineweb.com/mineweb/view/...ail&pid=102055

Gold is officially in a bull market. It’s outperforming everything—real estate, BMWs, yachts, groceries, the Swiss Franc, the USD, the Euro... you name it.
That doesn't mean it’s on a constant upward trajectory. A perfect example is the correction we just crawled out of—unless that 1520 floor actually holds during this slide. If things don't miraculously bounce back right now, we're likely looking at a slump that drags on through April.

Anthony Evans78 said:Computers were dumping paper gold while people were holding onto their physical bullion. That’s the whole point. If you don't see that as manipulation, I honestly don't know how else to explain it to you.
Is it even possible for gold not to skyrocket right now? How can it stay anything else when they’re printing up insane amounts of digital paper out of thin air?

The DXY is nothing more than a scrap of paper used to track fiat junk; it’s useless for actually pricing gold. Gold dropped because they needed a smokescreen for one of the massive rounds of QE we've ever seen—that $700 billion injection from the Federal Reserve. That’s why Ben claimed there were some "positive shifts" in the US housing market and insisted there was no need for more QE. Naturally, the HFT bots lost their minds and hammered the price down.
It's not just that things aren't improving; the US housing market is looking worse than ever. If you actually bother to look at the M2 money supply and the Fed's balance sheet, it’s obvious they're lying about QE. And how exactly does gold drop by $100 or €70 when $700 billion is being conjured out of thin air? In any sane world, that wouldn't happen, but I guess we're living in Wonderland now.

There are actually ways to drive gold and silver prices down. It would take things like falling unemployment, fixing the debt crisis, or finally liquidating those insolvent banks instead of bailing them out. You’d also need interest rate hikes, actual GDP growth, fewer people relying on welfare, cracking down on white-collar criminals, and—most importantly—the Fed finally stopping the money printing.

Gold hasn't climbed over the last 12 years because people suddenly developed a passion for bullion. It's climbing because the bubble in fiat currencies and government bonds is inflating. Gold is just the indicator for the biggest bubble in human history.

EDIT: Forgot to mention that yesterday was the first delivery day on COMEX... what a coincidence.
Just so we're clear on the difference between the paper world and reality:
http://www.mineweb.com/mineweb/view/...ail&pid=102055

There’s always some fresh excuse to justify the manipulation. Now they’re pointing the finger at the Federal Reserve. Then it's the big banks. It never ends.

Anthony Evans78 said:Computers were dumping paper gold while people were holding onto their physical bullion. That’s the whole point. If you don't see that as manipulation, I honestly don't know how else to explain it to you.
Is it even possible for gold not to skyrocket right now? How can it stay anything else when they’re printing up insane amounts of digital paper out of thin air?

The DXY is nothing more than a scrap of paper used to track fiat junk; it’s useless for actually pricing gold. Gold dropped because they needed a smokescreen for one of the massive rounds of QE we've ever seen—that $700 billion injection from the Federal Reserve. That’s why Ben claimed there were some "positive shifts" in the US housing market and insisted there was no need for more QE. Naturally, the HFT bots lost their minds and hammered the price down.
It's not just that things aren't improving; the US housing market is looking worse than ever. If you actually bother to look at the M2 money supply and the Fed's balance sheet, it’s obvious they're lying about QE. And how exactly does gold drop by $100 or €70 when $700 billion is being conjured out of thin air? In any sane world, that wouldn't happen, but I guess we're living in Wonderland now.

There are actually ways to drive gold and silver prices down. It would take things like falling unemployment, fixing the debt crisis, or finally liquidating those insolvent banks instead of bailing them out. You’d also need interest rate hikes, actual GDP growth, fewer people relying on welfare, cracking down on white-collar criminals, and—most importantly—the Fed finally stopping the money printing.

Gold hasn't climbed over the last 12 years because people suddenly developed a passion for bullion. It's climbing because the bubble in fiat currencies and government bonds is inflating. Gold is just the indicator for the biggest bubble in human history.

EDIT: Forgot to mention that yesterday was the first delivery day on COMEX... what a coincidence.
Just so we're clear on the difference between the paper world and reality:
http://www.mineweb.com/mineweb/view/...ail&pid=102055

What about just some healthy corrections during a bull market?

Anthony Evans78 said:Computers were dumping paper gold while people were holding onto their physical bullion. That’s the whole point. If you don't see that as manipulation, I honestly don't know how else to explain it to you.
Is it even possible for gold not to skyrocket right now? How can it stay anything else when they’re printing up insane amounts of digital paper out of thin air?

The DXY is nothing more than a scrap of paper used to track fiat junk; it’s useless for actually pricing gold. Gold dropped because they needed a smokescreen for one of the massive rounds of QE we've ever seen—that $700 billion injection from the Federal Reserve. That’s why Ben claimed there were some "positive shifts" in the US housing market and insisted there was no need for more QE. Naturally, the HFT bots lost their minds and hammered the price down.
It's not just that things aren't improving; the US housing market is looking worse than ever. If you actually bother to look at the M2 money supply and the Fed's balance sheet, it’s obvious they're lying about QE. And how exactly does gold drop by $100 or €70 when $700 billion is being conjured out of thin air? In any sane world, that wouldn't happen, but I guess we're living in Wonderland now.

There are actually ways to drive gold and silver prices down. It would take things like falling unemployment, fixing the debt crisis, or finally liquidating those insolvent banks instead of bailing them out. You’d also need interest rate hikes, actual GDP growth, fewer people relying on welfare, cracking down on white-collar criminals, and—most importantly—the Fed finally stopping the money printing.

Gold hasn't climbed over the last 12 years because people suddenly developed a passion for bullion. It's climbing because the bubble in fiat currencies and government bonds is inflating. Gold is just the indicator for the biggest bubble in human history.

EDIT: Forgot to mention that yesterday was the first delivery day on COMEX... what a coincidence.
Just so we're clear on the difference between the paper world and reality:
http://www.mineweb.com/mineweb/view/...ail&pid=102055

We haven't hit mania yet. For now, we're in a secular bull market driven by emotion, but it's really about the currencies—we haven't even touched bonds yet. That doesn't mean a mania phase won't arrive, though. When it does, a lot of other assets will look ridiculously cheap as capital starts rotating into them.

Anthony Evans78 said:quiettrucker12, can you try once more to grasp my point about how most "trading" is just bots and computers running the show? 🙂
No human being "panic sold gold." Even Mad Ben wouldn't dump it in an environment where gold is actually gaining value. So, what exactly is driving the "rise" of the USD? Is it because we've printed 16 trillion of the same stuff over the last three years? Is the US economy recovering? Is unemployment dropping? Is the housing market bouncing back? Of course not. None of that is true, so there's no such thing as a "strengthening" dollar.
It’s funny watching silver climb because actual PEOPLE are buying physical silver. Demand is massive, which stands in stark contrast to the millions of paper short positions JPMorgan Chase and the rest of the banking scum use to suppress prices. It's blatant manipulation, though I suppose it's only obvious if you aren't blind. Unlike the paper market, everything in the real, physical market suggests gold and silver can only go up. But since the virtual and physical worlds are two different universes, perception is everything. The USD can only rise against other currencies, and even then, it's short-term. In this freefall, fiat is really just a question of which currency hits zero first.
You're right, gold prices are tied to the USD. Actually, it's the other way around: the value of the USD is tied to gold. 🙂
The DXY? What kind of nonsense is that? It's just the "value" of the USD relative to other fiat currencies, nothing more. And those charts you posted cover a mere five days. I get that in your trading world, that feels like an eternity, but take a look at this:

http://www.galmarley.com/Chart_pages...ncy_charts.htm

http://www.kitco.com/gold_currency/i...rChart=hardCur

As a real TA, the trend is pretty obvious, isn't it? 🙂

Gold took a massive $100 hit yesterday—a total panic sell. Let’s get one thing straight: gold doesn't just go up forever. That "permabull" mindset is nonsense. It honestly baffles me that people are still pushing that narrative right after we just crawled out of a major correction where everyone saw firsthand that gold isn't some magic money printer.

Anthony Evans78 said:quiettrucker12, can you try once more to grasp my point about how most "trading" is just bots and computers running the show? 🙂
No human being "panic sold gold." Even Mad Ben wouldn't dump it in an environment where gold is actually gaining value. So, what exactly is driving the "rise" of the USD? Is it because we've printed 16 trillion of the same stuff over the last three years? Is the US economy recovering? Is unemployment dropping? Is the housing market bouncing back? Of course not. None of that is true, so there's no such thing as a "strengthening" dollar.
It’s funny watching silver climb because actual PEOPLE are buying physical silver. Demand is massive, which stands in stark contrast to the millions of paper short positions JPMorgan Chase and the rest of the banking scum use to suppress prices. It's blatant manipulation, though I suppose it's only obvious if you aren't blind. Unlike the paper market, everything in the real, physical market suggests gold and silver can only go up. But since the virtual and physical worlds are two different universes, perception is everything. The USD can only rise against other currencies, and even then, it's short-term. In this freefall, fiat is really just a question of which currency hits zero first.
You're right, gold prices are tied to the USD. Actually, it's the other way around: the value of the USD is tied to gold. 🙂
The DXY? What kind of nonsense is that? It's just the "value" of the USD relative to other fiat currencies, nothing more. And those charts you posted cover a mere five days. I get that in your trading world, that feels like an eternity, but take a look at this:

http://www.galmarley.com/Chart_pages...ncy_charts.htm

http://www.kitco.com/gold_currency/i...rChart=hardCur

As a real TA, the trend is pretty obvious, isn't it? 🙂

I partially agree with you there. I always try to make a distinction between the DXY and the actual absolute strength of the USD. That said, let’s be real: the DXY is still an incredible tool for gauging gold price movements. Just look at yesterday's chart and what I posted—it’s pretty obvious why gold tanked so hard. You can't just ignore the correlation between yesterday's DXY move and gold. If you were trading this in real time, you'd know exactly what I'm talking about. If not, just look at the graph.

Anthony Evans78 said:quiettrucker12, can you try once more to grasp my point about how most "trading" is just bots and computers running the show? 🙂
No human being "panic sold gold." Even Mad Ben wouldn't dump it in an environment where gold is actually gaining value. So, what exactly is driving the "rise" of the USD? Is it because we've printed 16 trillion of the same stuff over the last three years? Is the US economy recovering? Is unemployment dropping? Is the housing market bouncing back? Of course not. None of that is true, so there's no such thing as a "strengthening" dollar.
It’s funny watching silver climb because actual PEOPLE are buying physical silver. Demand is massive, which stands in stark contrast to the millions of paper short positions JPMorgan Chase and the rest of the banking scum use to suppress prices. It's blatant manipulation, though I suppose it's only obvious if you aren't blind. Unlike the paper market, everything in the real, physical market suggests gold and silver can only go up. But since the virtual and physical worlds are two different universes, perception is everything. The USD can only rise against other currencies, and even then, it's short-term. In this freefall, fiat is really just a question of which currency hits zero first.
You're right, gold prices are tied to the USD. Actually, it's the other way around: the value of the USD is tied to gold. 🙂
The DXY? What kind of nonsense is that? It's just the "value" of the USD relative to other fiat currencies, nothing more. And those charts you posted cover a mere five days. I get that in your trading world, that feels like an eternity, but take a look at this:

http://www.galmarley.com/Chart_pages...ncy_charts.htm

http://www.kitco.com/gold_currency/i...rChart=hardCur

As a real TA, the trend is pretty obvious, isn't it? 🙂

We can talk about manipulation in currency first, then move to the stock market, and finally get to silver. If silver had tanked yesterday while gold stayed flat, that would be weird. But when gold drops by $100—that’s 5%—it isn't strange at all if silver takes a 15% hit. In fact, it's totally normal. Is there any scenario where gold or silver drops that isn't "manipulation" according to the permabulls? I’ve heard this exact same argument from countless people, over and over again, in the same tired format. Honestly, none of it helps me, and I don't gain anything from it. I don't even care to hear it as an excuse.

Anthony Evans78 said:quiettrucker12, can you try once more to grasp my point about how most "trading" is just bots and computers running the show? 🙂
No human being "panic sold gold." Even Mad Ben wouldn't dump it in an environment where gold is actually gaining value. So, what exactly is driving the "rise" of the USD? Is it because we've printed 16 trillion of the same stuff over the last three years? Is the US economy recovering? Is unemployment dropping? Is the housing market bouncing back? Of course not. None of that is true, so there's no such thing as a "strengthening" dollar.
It’s funny watching silver climb because actual PEOPLE are buying physical silver. Demand is massive, which stands in stark contrast to the millions of paper short positions JPMorgan Chase and the rest of the banking scum use to suppress prices. It's blatant manipulation, though I suppose it's only obvious if you aren't blind. Unlike the paper market, everything in the real, physical market suggests gold and silver can only go up. But since the virtual and physical worlds are two different universes, perception is everything. The USD can only rise against other currencies, and even then, it's short-term. In this freefall, fiat is really just a question of which currency hits zero first.
You're right, gold prices are tied to the USD. Actually, it's the other way around: the value of the USD is tied to gold. 🙂
The DXY? What kind of nonsense is that? It's just the "value" of the USD relative to other fiat currencies, nothing more. And those charts you posted cover a mere five days. I get that in your trading world, that feels like an eternity, but take a look at this:

http://www.galmarley.com/Chart_pages...ncy_charts.htm

http://www.kitco.com/gold_currency/i...rChart=hardCur

As a real TA, the trend is pretty obvious, isn't it? 🙂

You’re asking me if I realize gold is in a bull market? I’ve already said it dozens of times. A currency war is happening; nobody is debating that. My only goal here is to outperform a basic buy-and-hold strategy by playing the bull market—not by passing the buck to someone else, but by timing entries to dodge the drawdowns. Don't get me wrong, I have zero issue with buy-and-hold; I've mentioned before that silver is a massive buying opportunity right now.

Melissa Sanchez17 said:For a while now, the movement of the dollar, the euro, and whatever else just doesn't correlate with gold or silver anymore. It’s all pure manipulation (and yeah, the exchanges get manipulated too). Just the fact that they rushed through the semi-annual silver mining reports in like ninety minutes tells you everything you need to know. Look at today—gold is up 1% while silver is sitting in the red 😍
And I'm right there with silver argentum—these analyses don't mean a damn thing lately! Silver got absolutely crushed by 10% in fifteen minutes flat. That's manipulation, plain and simple.

Actually, you couldn't be more wrong. Just look at the charts I posted earlier.

It tanked because everyone started panic selling once the Dollar surged. That sell-off allowed gold—which is supposed to be this rock-solid store of value—to drop by 5.5%. It’s hardly surprising that silver took a 10% hit in the process. Funny how when silver spikes 15% in a few days while gold only moves 5%, nobody mentions market manipulation; they just call it "increased demand." Permabulls will always do that: any rally is "demand," and every dip is "manipulation."

http://www.goldseek.com/quotes/chart...rindex5day.php

Take a look at what happened to the DXY yesterday right after Bernanke's speech.

Gold chart for that same 5-day window:

http://www.goldseek.com/quotes/chart...ygoldchart.php

And then suddenly, gold prices have nothing to do with the Dollar. 😂

Yesterday was all about the USD and that surging DXY. It looks like the Dollar found its excuse in Bernanke's speech regarding finding a bottom, which triggered a massive gold sell-off—everyone hit the panic button at once. We’ll soon find out if 78 was actually the long-awaited floor for the Dollar. If it was, gold could slide down to $1,590. The real mystery is why Ben decided to say so much right at the 78 mark. My guess? Oil prices. We'll see if Ben can actually rein in oil before it wreaks havoc on the economy. Honestly, the setup yesterday was perfect for gold to break past that magic 1805 level, but it fell short solely because the Dollar spiked so hard. If the USD had dipped just a tiny bit more, gold would have hit its target. Of course, the permabulls and die-hard goldbugs will inevitably claim every dip is market manipulation or some grand intervention, while every rally is just "surging demand." That kind of logic is completely detached from reality.

Nice avatar, though maybe it needs a little more flair. I was heavy on metals (mostly silver) until yesterday, but then I pulled out and ended up absolutely livid at myself because they just kept climbing. Everything would’ve been perfect if I hadn't jumped into mining stocks today—they didn't drop nearly as much, but it still ate 40% of my profit. Looks like we’re in for a breather and some serious consolidation before this thing moves again. Personally, I think silver is going to hold up better than gold.

Miners just came out of consolidation on the wrong side of the line 🙂. Gold failed to break through that key resistance level, and panic took over. My portfolio just ate about 40% of my profits—just another day in the life of a trader 😁☕

Silver finally broke through, so now all eyes are on gold. If it clears 1805, mining stocks are going to have a field day. We’ll likely see a peak once the Dollar—specifically the DXY—hits its floor, probably right around that 200-day moving average. Honestly, once we pass 1805, things get dicey; the top could come at any moment. I'm looking closely at miners again. HUI is sitting at 548, and I’m eyeing 568. If they can actually break their current downtrend there, we might be getting close to the top, which means much higher risk.

Dollar (200 DMA at 77):
http://stockcharts.com/h-sc/ui?s=$USD&p=D&b=5&g=0&id=p27105093562

Miners (expecting a breakout from consolidation at the 200 DMA anytime soon; resistance just under 570):

http://stockcharts.com/h-sc/ui?s=$HUI&p=D&b=5&g=0&id=p88719959761

Silverstein said:I told you prices were going to decouple. Everything points to that happening.

Maybe we’re hitting the tail end of the final bubble, maybe we aren't. Who knows? The bottom line is that there hasn't been any meaningful difference between physical prices and spot prices for basically the entire decade of this bull market.

Silverstein said:You were the one who brought up the distinction between legal and illegal stuff in America first—go back and check your own post.🙂

Look, regarding post 2655—following your 2654—you’re pivoting to this whole "offshore allocation" thing for no reason. You're basically implying I'm talking about moving assets abroad, which isn't what I said. I was just listing physical prices where they're actually available for purchase. Since you want to get into these allocation schemes, we should probably address the reality of our domestic market. There’s a reason everyone assumes you have to buy physical bullion overseas. It’s not some grand scheme about allocation; it’s just basic procurement and price.

Silverstein said:Since we’re talking about the American gold market—something you already brought up—it’s worth looking at the absolute stupidity of the customs duties here. They make it impossible for anyone except the Federal Reserve to import gold or any other precious metals. It's ridiculous.

Comparing Vani to America is just a pointless distraction.

Silverstein said:If my train of thought is getting too complicated or jumping five steps ahead, no big deal. Let's just take it one step at a time.🙂

"Gold is money," "it’ll never be part of a bubble," "physical prices will decouple from paper prices"—it’s the same loop every single time. Honestly, it isn't rocket science. Every gold bug out there recites this exact same script, but I don't get why we need to hear these same three talking points repeated ad nauseam. We've all heard it a thousand times already.

Silverstein said:And let’s not forget that the spot price for physical gold actually costs you more than just half or one percent above the market rate. Are you ignoring shipping and storage? That’s the fundamental difference between paper and physical—at least right now. Online IOU gold has zero overhead besides maybe a commission. Physical gold comes with all those extra baggage items I just mentioned.

What does any of that have to do with the physical-spot price decoupling? Is this just another pivot away from the actual topic? Shipping costs for something like gold are negligible, and the same goes for storage. Storage fees are roughly on par with what you'd pay in broker commissions. Why do you think Mora can fly in from Switzerland and sell to us practically at spot? The real downsides, risks, and potential costs of physical gold are the massive bid-ask spread and the risk of theft (insurance). If you're worried about spreads, just look at what dealers are paying for buybacks.

Bottom line: what I quoted neither

1. has anything to do with a potential split between physical prices and "paper" or spot or whatever else
2. relates to how physical gold prices end up being practically equal to spot

Anthony Evans78 said:I've said it a thousand times already: the price of physical gold and paper gold is eventually going to decouple. That’s a given.
When the value of that paper hits zero, what happens to the millions of people who think they own gold, but really just hold a worthless scrap of paper or some digital entry?
Just because US law makes it impossible for regular citizens to protect their purchasing power by buying precious metals doesn't mean the law is right. It’s the exact opposite. Are you going to pay for a CBS subscription just because you have a radio in your car? I know I won't.
And why would I even bother buying it here in the States? 🙂

That’s the dream, anyway, but it never actually happens. 😁 Right now, there is zero difference between physical premiums and the spot price.

Anthony Evans78 said:I've said it a thousand times already: the price of physical gold and paper gold is eventually going to decouple. That’s a given.
When the value of that paper hits zero, what happens to the millions of people who think they own gold, but really just hold a worthless scrap of paper or some digital entry?
Just because US law makes it impossible for regular citizens to protect their purchasing power by buying precious metals doesn't mean the law is right. It’s the exact opposite. Are you going to pay for a CBS subscription just because you have a radio in your car? I know I won't.
And why would I even bother buying it here in the States? 🙂

Instead of actually addressing my point—which was that there is no price gap between physical and paper gold (there wasn't one in 1920 or 1520 either)—you’re pivoting to talk about US laws and CBS subscriptions.

What does gold allocation have to do with US legislation?

And what does where you store your gold have to do with the spread between physical and "paper" prices?

Whether you bring your gold into the US or keep it overseas is completely irrelevant to this conversation about the physical-vs-spot price gap.

Anthony Evans78 said:quiettrucker12, when I say physical gold, I mean the kind you can actually hold in your hands, not some digital number sitting in a bank account somewhere.
If you can't reach out and touch it, what's the point? It might as well not even exist.

The distinction between physical and paper assets is obvious—that’s trivial. My point was about the price gap between physical and "paper" gold.

Take another look at your own post:

Anthony Evans78 said:quiettrucker12, when I say physical gold, I mean the kind you can actually hold in your hands, not some digital number sitting in a bank account somewhere.
If you can't reach out and touch it, what's the point? It might as well not even exist.

For the millionth time, you're trying to argue there's a price difference between physical and "paper" gold. I'll lay out the math proving they're the same, and you'll just ignore it again.

Bringing up allocation is just moving the goalposts and dodging the issue. I didn't even mention allocation to begin with. Besides, in the US, you can't even get close to spot prices through certain channels without massive markups. Trying to judge gold prices based on some niche market quirks or shady dealer margins is just bad logic.

Anthony Evans78 said:$1500? That’s just a number on a screen. You aren't going to find any actual physical gold for $1500 anymore. 🙂
Besides, you can always try selling your physical stash to me at the spot price whenever you feel like it. 😁
And don't kid yourself about who you're trading with; when bots handle over three-quarters of the volume on the NYSE, you're basically just playing against algorithms. 🙂

Gold probably isn't dropping below 1,520 anytime soon—that much is a given. But I don't get the obsession with "physical gold." It’s not exactly rocket science to calculate the spread between the spot price and what you're actually paying to hold a bar in your hand.

Alright, just a few miles outside of New York City and I’ve gotta say:

Current spot at calculation: $1,779.
USD/USA 1.3313
unca: 31.10348
$43,358.94 per kilo. That’s their asking price in USA.
32.15 ounces equals 1,000 grams. Simple enough.
They’re asking $1,795.41 per ounce. That’s their asking price in USD.
Up $16.41 per ounce over the spot price.
Up 0.92% against the spot price.

So, the price is sitting at 0.92% above spot. If you want to get closer to the more established markets, you’re looking at something like Proaurum at 0.61% over spot, or Goldman Sachs at 0.51%.

Look, I went with the 1,000-gram bar because that minimizes the labor component. When you're comparing the price of physical gold against the spot price, you aren't looking at the cost of shipping or logistics—you're looking at the metal itself. Simple as that.

Look, you have a mountain of books at your disposal. Just type "commodity trading" into Google or Amazon and go educate yourselves. Mining stocks are just regular equities; they aren't some mystical entity, though they do swing based on Wall Street trends and whatever the current price of gold or silver happens to be. Claiming there’s no such thing as trading gold, miners, or any of these various analytical approaches is honestly just laughable.

neondriver5 said:Haha, I wish I could actually agree with you for once!
But hey, the wheel keeps turning...

What difference do technical analyses, facts, or indicators even make when we're talking about speculative buying? Absolutely none.
Look, it's not like you're buying from bots; you're buying from other lunatics. They just happen to be named John, Paul, Cham, or Mao instead. You buy when you think it's a good deal; they buy when they think it's a good deal. There's zero logic or analysis involved here.
All five of you have the exact same goal: buy low and sell high.

I'm no trader, but sometimes I feel the itch. Ever since I started following the gold market—which hasn't been very long, honestly—this whole thing reminds me of a game of ping pong. It just bounces between 1500 and 1900. Part of me wants to (speculatively) buy at 1500 and just sit on it for a couple of months.
It would be pretty ironic if I actually made money on that, only to watch the bubble burst and lose every cent of profit on my physical holdings. Haha. If that happens, I’ll be back on this forum complaining that the bulls with the most posts owe me an apology.😬

It's apples and oranges again. What does post count have to do with actual opinions? There’s a massive difference between realizing gold performs well in a bull market and being some permabull who thinks it just climbs forever without correction (and then blaming "market manipulation" once it actually dips).

neondriver5 said:Haha, I wish I could actually agree with you for once!
But hey, the wheel keeps turning...

What difference do technical analyses, facts, or indicators even make when we're talking about speculative buying? Absolutely none.
Look, it's not like you're buying from bots; you're buying from other lunatics. They just happen to be named John, Paul, Cham, or Mao instead. You buy when you think it's a good deal; they buy when they think it's a good deal. There's zero logic or analysis involved here.
All five of you have the exact same goal: buy low and sell high.

I'm no trader, but sometimes I feel the itch. Ever since I started following the gold market—which hasn't been very long, honestly—this whole thing reminds me of a game of ping pong. It just bounces between 1500 and 1900. Part of me wants to (speculatively) buy at 1500 and just sit on it for a couple of months.
It would be pretty ironic if I actually made money on that, only to watch the bubble burst and lose every cent of profit on my physical holdings. Haha. If that happens, I’ll be back on this forum complaining that the bulls with the most posts owe me an apology.😬

And how exactly are you supposed to speculate without analysis? That’s a bold new strategy right there. Look, there is undeniably a bull market in precious metals. And newsflash: Buy and hold isn't the only way to play this game.