Gold: Past, Present, and Future

The pressure's starting to build downward... smells like a massive dip to me. Just waiting for my chance to load up more... just like gold, just like silver.

lonehawk5 said:The pressure's starting to build downward... smells like a massive dip to me. Just waiting for my chance to load up more... just like gold, just like silver.

:klap:

February feels like it's a lifetime away. Or maybe they actually meant Charlemagne 😂

It’s getting pretty quiet on here. Did I miss something?

Buying more gold at $669.78...

Silver long at 31.63...

Go big on both positions... now.

There is absolutely no reason to be anxious. These kinds of corrections simply flush out the weak hands, which is actually healthy for a bull market. The goal is to hit the highest possible peak; what happens to the price in the interim is irrelevant. Looking at a 6 to 12-year horizon, gold and silver will have to move significantly higher. My own assessment remains that we might struggle to see massive gains over the next year or perhaps two. I notice quite a few skeptics here. That’s fine. Let them exist. When I add the amateur "miners" to the mix, my only conclusion is that this bull market hasn't even truly kicked into gear yet. But, once inflation climbs toward 8%, 10%, or even 15%, people might finally grasp the logic behind precious metals. Of course, we still have years before that happens.

We'll see. Breaking below the 75 WMA isn't great news—it complicates the whole picture. It means that on May 5th, we either hit rock bottom or the price tanked instead of rallying (which is the worst-case scenario, though maybe unlikely). There’s a chance this is more than just some quick manipulation or hunting for stops. Right now, it looks like we won't even hold the 200 DMA. By dropping below that 75 WMA, a ton of new scenarios have opened up. If the 200 DMA gives way, we might see buyers stepping in at the stops set just below it, around $1655. Honestly, that feels like one of the more optimistic paths right now. Sentiment is incredibly low, so strictly speaking, it shouldn't go much lower; our final line of defense remains the 100 WMA at $1631.

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.

Jim Rogers is getting cautious:

Even Gold Bull Jim Rogers is Turning Cautious
Basically saying the same thing as Robert Vaughn10... But he’s guessing a correction could hit 30%, which puts us around $1,460.

I don't buy a 30% correction, but I'm pretty damn sure we're looking at a sideways grind or a dip that lasts at least until next spring.

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

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

Same question here.

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

Straight out of thin air, obviously!

The biggest opportunity here—now that we know May 5th wasn't actually the bottom—is that the market is essentially trying to manufacture one right now. It’s just a waiting game to see how far the floor needs to drop before investors actually react. Sure, there are more pessimistic scenarios on the table, but they feel less likely to me. If you want to look at the darker side, corrections like this rarely wrap up in a single day.

Honestly, you all are overreacting to these minor corrections.😁........Let things play out naturally—the fewer these corrections are in the metals market, the longer this bull run will last.😍.......It is simply necessary to shake out the weak hands—those who bought in without having any real understanding of why they wanted metals in the first place.......🤣

In my opinion, this is the fallout from people believing the US budget deficit would shrink significantly; we'll see how much that actually happens. As a result, metal prices will react accordingly.......

Here is an article for you to look over.......http://www.zerohedge.com/sites/defau...pendence_1.jpg

The chart clearly illustrates why gold dropped from 1980 through 2001—and why it has been climbing ever since.......🙂

dustyheron5 said:Honestly, you all are overreacting to these minor corrections.😁........Let things play out naturally—the fewer these corrections are in the metals market, the longer this bull run will last.😍.......It is simply necessary to shake out the weak hands—those who bought in without having any real understanding of why they wanted metals in the first place.......🤣

In my opinion, this is the fallout from people believing the US budget deficit would shrink significantly; we'll see how much that actually happens. As a result, metal prices will react accordingly.......

Here is an article for you to look over.......http://www.zerohedge.com/sites/defau...pendence_1.jpg

The chart clearly illustrates why gold dropped from 1980 through 2001—and why it has been climbing ever since.......🙂

Jim Rogers said:"Gold is undergoing a correction—it's actually been in a correction for about 15-16 months now

🙂

noted 😬

Forget about Rogers—that ship has sailed... I'm talking about this latest correction... from 1700 down to 1665

http://www.bloomberg.com/news/2012-1...-in-fraud.html

dustyheron5 said:Forget about Rogers—that ship has sailed... I'm talking about this latest correction... from 1700 down to 1665

Why even sweat a little correction or "market manipulation"? Honestly, the world's ending the day after tomorrow anyway, so you might as well sell off all your metals and dump every cent into one epic, legendary blowout!🙂