Gold: Past, Present, and Future

Robert Vaughn10 said:A very good day. If this trend holds, things are looking encouraging.
Following a brutal correction that felt like a freefall into an abyss, we’ve seen a reversal. Granted, it hasn't reclaimed all lost ground, but it was a solid $20 move from today's lows. The faster and more frequent these bounces become following heavy sell-offs, the higher the probability of another major rally. I want to see more days where we gain at least $20, and even more days where corrections are wiped out almost immediately. That would signal the bulls are finally seizing control. But let's be clear: these moves need to happen more often, and they need to stay at that $20 threshold.
One more thing... if gold and silver weren't significant, they wouldn't be under such intense pressure right now as they attempt to defend the dollar following the latest news on quantitative easing. This morning, it felt as though the market had completely lost its compass, driven purely by panic. And when people start acting out of fear, they tend to make poor decisions and miscalculate the path ahead.

Sure, that’s one way to look at it. But honestly? It's probably not the only explanation out there.

Robert Vaughn10 said:Gold and silver are finishing strong. Gold is sitting just a few bucks under this morning's mark, while silver actually managed to flip into the green. That correction? It’s nearly erased. If we hold these levels through the close, it's a pretty encouraging sign. Moving forward, I want to see some actual volatility. Even if prices dip during sharp corrections, movement is better than stagnation.

If we want to prove that today’s $1,626 was actually the bottom, we need to see prices break above $1,695.50 next week without dipping back below that $1,626 support level. We’ll probably have our answer by Monday. If gold manages to clear $1,695.50 or even hits $1,700, expect a massive rally to follow immediately.

The good news? We closed $30 above today's low and finished north of the 100 WMA. Even better, the miners stayed significantly above their December 20th levels for some reason (HUI 418 : 426).

Edit:

Let’s be brutally honest here—anything under $1,800 is irrelevant, and honestly, anything north of $1,526 doesn't move the needle either. It would be great if we could just keep everything above 100 WMA and call this the floor, but if you want gold, you need to be looking at $1,800+.

The Indians won't let it drop below 1650.



The guy is basically half man, half Federal Reserve (and he's got ISO written right there in the corner). 🙂

Look, I’ve got a quick favor to ask of the folks here who love to trash Zillow—could you maybe stop posting all their junk content? 🤣

Melissa Sanchez17 said:Look, I’ve got a quick favor to ask of the folks here who love to trash Zillow—could you maybe stop posting all their junk content? 🤣

Look, my colleague hasn't even been looking at that site. Every major news outlet out there is reporting on what the Federal Reserve is doing...

Oh yeah, I forgot—you guys wouldn't know about that since we got pretty much blacklisted by those other "biased" news sites. 🙂 😍

rustywalker82 said:Look, my colleague hasn't even been looking at that site. Every major news outlet out there is reporting on what the Federal Reserve is doing...

Oh yeah, I forgot—you guys wouldn't know about that since we got pretty much blacklisted by those other "biased" news sites. 🙂 😍

I don't get this part. 😕

I remember ranting about that link from some "reputable" international finance site back in the day, basically saying they’re gonna get what’s coming to them. I'm just not sure if I already got a permanent ban over there. 🤣

rustywalker82 said:I remember ranting about that link from some "reputable" international finance site back in the day, basically saying they’re gonna get what’s coming to them. I'm just not sure if I already got a permanent ban over there. 🤣

To be totally honest, I have zero clue what you're talking about. You've probably got me confused with some 🤷

Melissa Sanchez17 said:To be totally honest, I have zero clue what you're talking about. You've probably got me confused with some 🤷

Nah it's all good, just messing with you...🙂

But seriously, I wasn't on Zillow. 🤷 🙂

rustywalker82 said:Nah it's all good, just messing with you...🙂

But seriously, I wasn't on Zillow. 🤷 🙂

Aha. Just some side site 😁
Indeed, they let me drop one post recently 😉

Adobe: honestly, gotta admit, I was holding some Coca-Cola stock for a bit and then dumped it for a profit

Melissa Sanchez17 said:Aha. Just some side site 😁
Indeed, they let me drop one post recently 😉

Adobe: honestly, gotta admit, I was holding some Coca-Cola stock for a bit and then dumped it for a profit

You're basically Charlemagne, if you were looking in a mirror...😂

rustywalker82 said:The Indians won't let it drop below 1650.



The guy is basically half man, half Federal Reserve (and he's got ISO written right there in the corner). 🙂

🤣🤣

Regarding gold, the issue isn't that time seems to be dilating or stalling; it’s that the velocity of money is relatively low. When that velocity suddenly, unpleasantly, and unexpectedly accelerates, gold will inevitably spike to correct itself.😉
On the contrary, if gold doesn't bounce back—and keep bouncing—paper assets might just end up lost in the weeds because we'll lose our compass and our yardstick. Add to that the "paper junkies" shorting paper gold, the lending of gold which feels like trying to measure something from a different inertial frame, and the artificially depressing
"constraints" and the withholding of cash for gold investments—especially when Americans are involved—and I conclude that gold is under immense pressure. The current price isn't actually that bad.
That said, you can't completely dismiss paper. Paper allows gold to "breathe" in the long run, because imagining global trade occurring solely through physical bullion is impossible. There has to be a medium, and that's paper. Without it, trading wouldn't even be possible. But with a properly presented gold price, things become much easier for the entire system, to the point where paper investing can actually make sense.
The moral of the story is that everyone gets their feedback eventually, no matter how much they try to evade or deny it. Gold has already endured quite a lot, and while there may be attempts to manipulate it further, those paper investors will only end up hitting their heads harder against the wall. They'll essentially hang themselves, because there won't be any metric left to support the system.😉

Moving on to the latest chess match...
White has three pawns, two of which are protecting the king alongside two rooks. By the way, it is entirely possible to win a game without using one or even both hands, even while your opponent has both hands available. You just have to be a virtuoso with your pawns, knights, and bishops...
That was demonstrated by an unspecified.
Anyway, regarding the game, White sacrificed the queen... the main thing is to keep your head on your shoulders.
On the other hand, Black has nothing left to strike with; not a single pawn near or far, the queen is crouching on the back rank, and the black king is a lone target on the opposite side of the queen.
That is the state of affairs in this arena of conflict and support.
There, a little off-topic...

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

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.

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 👍
🙂

lonehawk5 said:Added more gold at $653.45
silver at $29.69

What am I looking for?

My first entries are always small amounts. A follow-up buy might be a bit larger, but once I see things really starting to "stretch," then I’ll go in heavy with a bigger position to smooth out my average entry price. Plus, whatever I make from those mid-run additions just gives me more breathing room... more tolerance for the swings.
I’m expecting to pull in

A move of about $15-$20 on gold
About $1 on silver

Basically... all positions are closed. Silver's at $30.88... gold's at $676.86

No more trades left for me. At the end of the day... account is up +23% over the last two months... playing silver and gold.

Hey everyone. Getting the home trading office ready now...

The Federal Reserve is diving back into POMO operations once again........

http://www.zerohedge.com/sites/defau...%20January.jpg

lonehawk5 said:What am I looking for?

My first entries are always small amounts. A follow-up buy might be a bit larger, but once I see things really starting to "stretch," then I’ll go in heavy with a bigger position to smooth out my average entry price. Plus, whatever I make from those mid-run additions just gives me more breathing room... more tolerance for the swings.
I’m expecting to pull in

A move of about $15-$20 on gold
About $1 on silver

Basically... all positions are closed. Silver's at $30.88... gold's at $676.86

No more trades left for me. At the end of the day... account is up +23% over the last two months... playing silver and gold.

Hey everyone. Getting the home trading office ready now...

You're leaving us at the mercy of all the gold bugs in here 🙂 That's not fair! 🙂

analogharbor44 said:You're leaving us at the mercy of all the gold bugs in here 🙂 That's not fair! 🙂

🤣
LOL

It feels like Charles knew something the rest of us didn't 🙂
what a total washout..