Gold: Past, Present, and Future

I didn't call out European banks specifically, but they're cut from the same cloth🙂

Anthony Evans78 said:Technical analysis is basically a joke at this point in a world built on manipulation, theft, and lies.
The dollar, along with every other fiat currency, is a zombie; it’s just a matter of when it finally bites. Precious metals are the only thing with real value—everything else is just an illusion.
Word on the street is that Wall Street is prepping for a "formal" Greek bankruptcy on March 23rd, right after the markets close for the weekend. It's the same old playbook: drop the bombshell on a Friday, let the chaos simmer over the weekend, and watch the madness unfold in the casinos—sorry, the stock exchanges—across the globe on Monday. If we look at what happened in Argentina, Greece is likely headed for bank closures and withdrawal limits. That's the reward you get for trusting corrupt institutions with your money.
Rating agencies are the absolute peak of nepotism and hypocrisy; even thinking about them makes me sick. And let's be honest, the USA isn't even the world's largest economy, unless you count financial sorcery that produces zero actual value as "growth."
Gold can't even go down when the USA, the European Union, the Japanese people, and the UK have all started their printing presses. It might see some corrections, but in this environment, the upward trend is inevitable.

I honestly don't get it. You really think that's how this plays out?? Nothing like that is actually going to happen. They’ll just bail them out and hand over the cash! End of story. A Greek default would trigger a massive domino effect across Europe and then hit the USA hard. It’s way easier for them to just print more money and call it a day.

The wildest scenarios actually came true.
I never claimed I believed they would, just that they were possible.
It’s always the banks getting rescued while regular people sink into crushing poverty.
Printing money just delays the inevitable and makes the eventual crash hurt even more.

Honestly, it’s just like when I’m tearing down walls in my old house—every time I think I’ve cleared a spot, I just find more messed up electrical wiring shoved in the wrong places. 😍😂

http://srebrozlato.com/cro-news/2012...-radnike.shtml

http://goldsilver.com/news/central-b...reases-by-500/

Time to load up. I've got 😍

Looks like the competition in the gold buyback market is finally stepping up. They’re offering around 90% of the spot price—which, honestly, is unheard of around here.

If only we could actually buy gold with just a 10% premium over spot...

It’s just a classic case of legal smuggling; the only difference is they're forced to ship everything out of the country.

Goldman Sachs exports gold perfectly legally, so I have no idea what you're talking about regarding smuggling 🙂

Just once and for all, so my colleagues and I don't have to keep repeating ourselves over and over...☕
http://goldsilver.com/news/casey-res...old-speaks-up/

Once Plan B is settled, it's time to start prepping for the Triple S strategy........😬

Gold is steadily marching toward that 1900 target. Silver is lagging behind because it’s stuck at the 150 DMA. Once it breaks through that, there's a clear shot up to—and maybe even past—37 on the spot price.

http://stockcharts.com/h-sc/ui?s=SLV...d=p71118595384

Right now, precious metals are a much safer bet than miners. The stock market has been flatlining since its May peak, and it's going to need some serious consolidation before it moves again—if it ever does. In the meantime, precious metals have a green light to go test those highs. Expect a pullback after that, then a breather before this secular bull market continues its run.

It’s actually pretty wild when you look at the numbers—an ounce of gold is still sitting $120 below its all-time high if you're looking at the Dollar, yet when you measure that same ounce in Euros, it’s only about $15 shy of the peak... which means it’s already hit about 98% of its record value in Euro terms. Pretty crazy math if you think about it.

Melissa Sanchez17 said:It’s actually pretty wild when you look at the numbers—an ounce of gold is still sitting $120 below its all-time high if you're looking at the Dollar, yet when you measure that same ounce in Euros, it’s only about $15 shy of the peak... which means it’s already hit about 98% of its record value in Euro terms. Pretty crazy math if you think about it.

That matters for the Dollar, but it doesn't mean a thing for gold itself. It's all about the Dollar plus emotions (the secular bull run).

Anyway, I'm walking back what I said about the miners. They’re following the play, and it looks like they don't give a damn about the stock market; they're strictly focused on precious metals. Looks like silver broke through the 150 mark in premarket trading. Honestly, it doesn't matter because silver already nailed that move on the futures. Now we wait to see if we get another leg up today or if it's just a breather before things really kick off this Friday before the bell.

Anthony Evans78, how many times are you going to flip-flop? 🙂
I know it's tough to swallow, but you have to realize that TA in the PM market is about as useful as a screen door on a submarine.

Anthony Evans78 said:Anthony Evans78, how many times are you going to flip-flop? 🙂
I know it's tough to swallow, but you have to realize that TA in the PM market is about as useful as a screen door on a submarine.

I haven't changed my mind. I said the correction was likely finished, and now I'm certain it is. I suggested we might hit 1900 before dropping and consolidating. If I were a "permabull," I wouldn't have been able to learn from this and avoid predicting a crash from 1920 down to 1520. I also said buying silver at 28-29 was an incredible opportunity. In the actual trading world, people shift perspectives constantly; here, the only real debate was whether the floor is 1520 or somewhere in the 1400s. Predicting everything is impossible—nobody can do it. The true permabulls are going to get absolutely wrecked at the top. In a way, I am one too; I never once questioned whether the bull market would continue, unlike the crowd that will probably mistake a dip from 1900 to 1600 for the end of the cycle. Ben jumped in and kept silver above 26 and gold above 1800—he did that because of the S&P 500, not because of some insignificant PM moves. So, let's talk about this "changing minds" nonsense. About what exactly? The bull market? Or what?

How on earth could anyone claim they saw that massive drop from 1,920 down to 1,520 coming from thirty thousand feet if predicting price action is supposedly impossible? It’s absolutely doable. Calling these predictive methods "technical analysis" is a stretch. Look, I don't mean to offend anyone, but there is a massive gap between being a "permabull" and actually understanding how prices move. What do those permabulls even say when the market tanks? They watch a 20% slide and just mutter, "it'll recover in the long run." Well, yeah—we're in a bull market, so that's a given, but it isn't exactly profound insight. I can't learn anything useful from those kinds of patterns. Maybe someone else can.

quiettrucker12, let your colleague be😉.......a decent trader knows they have to pivot😍 when the market landscape shifts.....

Right now, it’s a toss-up whether PM stocks and spot prices will keep climbing.....because if Goldman Sachs decides to pull equity back into a correction......PM prices are going down with them......

But we'll see 🤣

Look, I’m not trying to be rude, but anyone can claim "it’s going up this much" or "it’s dropping that far."
What actually matters is that technical analysis is useless when you're dealing with the precious metals market. You might as well throw your charts out the window. What's the point of staring at old data and trying to predict the future based on what's already happened? It’s basically just reading tea leaves or pulling tarot cards. Especially in a low-volume, manipulated market like silver—where price action often has nothing to do with actual supply and demand. When you have millions of shorted ounces and massive margin hikes hitting the tape, how is a line on a graph supposed to help you?
Did you somehow know the correction was coming from $1,920 down to $1,520? Sorry, but I don't think anyone saw that coming, not even BlackRock or Ben Bernanke 🙂
If Ben Bernanke is so irrelevant, then why are they constantly suppressing the price? It’s hard to argue he doesn't matter when he serves as the ultimate indicator for a dying dollar and the inevitable burst of the massive US Treasury bubble.

Speaking of silver, we're in a delivery month, so don't be surprised if prices take another dip tomorrow. Just another way to shake out the weak hands, right? 🙂

dustyheron5 said:quiettrucker12, let your colleague be😉.......a decent trader knows they have to pivot😍 when the market landscape shifts.....

Right now, it’s a toss-up whether PM stocks and spot prices will keep climbing.....because if Goldman Sachs decides to pull equity back into a correction......PM prices are going down with them......

But we'll see 🤣

Let him? No, he’s the one driving me crazy. ☕.

dustyheron5 said:quiettrucker12, let your colleague be😉.......a decent trader knows they have to pivot😍 when the market landscape shifts.....

Right now, it’s a toss-up whether PM stocks and spot prices will keep climbing.....because if Goldman Sachs decides to pull equity back into a correction......PM prices are going down with them......

But we'll see 🤣

I doubt it. I haven't been this bullish on PM in a long time.

Anthony Evans78 said:Look, I’m not trying to be rude, but anyone can claim "it’s going up this much" or "it’s dropping that far."
What actually matters is that technical analysis is useless when you're dealing with the precious metals market. You might as well throw your charts out the window. What's the point of staring at old data and trying to predict the future based on what's already happened? It’s basically just reading tea leaves or pulling tarot cards. Especially in a low-volume, manipulated market like silver—where price action often has nothing to do with actual supply and demand. When you have millions of shorted ounces and massive margin hikes hitting the tape, how is a line on a graph supposed to help you?
Did you somehow know the correction was coming from $1,920 down to $1,520? Sorry, but I don't think anyone saw that coming, not even BlackRock or Ben Bernanke 🙂
If Ben Bernanke is so irrelevant, then why are they constantly suppressing the price? It’s hard to argue he doesn't matter when he serves as the ultimate indicator for a dying dollar and the inevitable burst of the massive US Treasury bubble.

Technical analysis isn't just about "chart patterns"—there are a million ways to read the tape. Do some reading.

Anthony Evans78 said:Look, I’m not trying to be rude, but anyone can claim "it’s going up this much" or "it’s dropping that far."
What actually matters is that technical analysis is useless when you're dealing with the precious metals market. You might as well throw your charts out the window. What's the point of staring at old data and trying to predict the future based on what's already happened? It’s basically just reading tea leaves or pulling tarot cards. Especially in a low-volume, manipulated market like silver—where price action often has nothing to do with actual supply and demand. When you have millions of shorted ounces and massive margin hikes hitting the tape, how is a line on a graph supposed to help you?
Did you somehow know the correction was coming from $1,920 down to $1,520? Sorry, but I don't think anyone saw that coming, not even BlackRock or Ben Bernanke 🙂
If Ben Bernanke is so irrelevant, then why are they constantly suppressing the price? It’s hard to argue he doesn't matter when he serves as the ultimate indicator for a dying dollar and the inevitable burst of the massive US Treasury bubble.

Not the exact numbers, no. I don't get why you're nitpicking; go back and actually read the posts. Gold was massively overextended above the 200 DMA back in August, and something like that is going to happen again, just much more extreme, during the final bubble phase.

Silver Argentum
If Ben PM doesn't matter, then why is he constantly driving prices down? Give me a break... if you think he's irrelevant, you're missing the point. He’s the literal indicator for a dying dollar and the massive, unstoppable bubble in US Treasuries.

I already told you—the only reason that correction didn't tank past 1520/26 was because of Ben. I laid out the argument, go read it. Besides, his "move" has nothing to do with the PM. Is it really that hard to grasp how much more weight the stock market carries compared to the PM?