Gold: Past, Present, and Future

hollowmoose21 said:HUI at 400. That's it. Now get ready for the bounce back.

But where exactly?😁

Heading north.
🙂

Patrick Moore3 said:Ever wonder if you should actually trust official government numbers or just stick with the anonymous leaks on ZeroHedge... 😂

Bottom line? The balance sheet just blew past the $3 trillion mark this week...
total assets: 3,013,333

And as for trust? Is that even still a thing?

It’s over... I'm done. Honestly, I don't trust anyone anymore... not even myself 😬

Also, just adding this... the way the PM's price has been bouncing around over the last month? Makes zero sense to me.
Predicting anything short-term feels like a total suicide mission.

Patrick Moore3 said:Ever wonder if you should actually trust official government numbers or just stick with the anonymous leaks on ZeroHedge... 😂

Bottom line? The balance sheet just blew past the $3 trillion mark this week...
total assets: 3,013,333

http://www.youtube.com/watch?v=s27Oq5ot0ZI

Well, here is some "official" data straight from an "official" source at an "official" institution.
Honestly, I feel like Biden, Obama, or even the local bureaucrats in D.C.—they all have way more credibility and honesty than this random guy.

Patrick Moore3 said:Also, just adding this... the way the PM's price has been bouncing around over the last month? Makes zero sense to me.
Predicting anything short-term feels like a total suicide mission.

I mean, you only had to look at Apple stock the day before yesterday when it closed at $500.00
That’s enough for me to see the truth—the US Mint and the Royal Canadian Mint clearly don't have enough silver left to actually strike coins, yet the price is just sitting there doing nothing.

Patrick Moore3 said:Also, just adding this... the way the PM's price has been bouncing around over the last month? Makes zero sense to me.
Predicting anything short-term feels like a total suicide mission.

I don't see it either—though Jim Sinclair always has an angle...😍

It’s clear even Goldman Sachs can't stay consistent with themselves lately, much like you, 😂quiettrucker12

47 different paths...

🙂

Doesn't look good for the bulls... everything's starting to smell like $555... though I guess if someone panics, we might see $1555😁

It’s not like I’m not watching this... whatever happens, happens...☕

hollowmoose21 said:HUI at 400. That's it. Now get ready for the bounce back.

Gold charts suggest the S&P might dip toward 386 before we see a rebound up to 465—assuming the nightmare scenario plays out—followed by a drop down to 290.

The nightmare scenario involves forming a Head & Shoulders pattern (neckline on 6/12, left shoulder on 8/12, head on 9/12, then the neckline again followed by a head near an S&P level of 465).

$xau

$gold:$xau will likely touch the trendline around 11.2, creating a neck at the iH&S pattern. From there, it could retreat to about the 200 DMA before ripping upward past 13.

$gold:$xau

All this implies gold has to tank while miners do their thing. This whole mess could drag gold below 1500.

November 5th was a crucial bottom. Gold caught a whiff of QE4 and should have taken flight on those wings. But, surprise surprise, some low-volume after-hours action happened that might have flipped the script. I don't think it kills the massive bull market, but it could stall it, stretching out this correction or consolidation phase.

If they actually managed to stall gold right after the QE4 announcement—or if we just saw some poorly timed, short-term manipulation—then the coming wave will be even bigger, and the final target will be higher than it would have been without the interference.

The issue is that miners could get absolutely hammered in this scenario (as I noted earlier). Much like what happened in late October/early November, the stock market could drag them down if we hit a mini-crash, say, sometime in April. We'd face a perfect storm for miners: falling gold prices, a significant stock market slide, and traders completely abandoning mining stocks. Sure, lately miners have been moving inversely to the S&P, but history shows that when the S&P goes into a heavy correction, it often pulls miners down with it. In this specific negative scenario, they’ll be more than happy to join the stock market in a synchronized dive.

The better outcome? The $xau trendline holds (I think it does in both scenarios) and manages to break above the 175 zone to escape that Head & Shoulders pattern. The catch is that once everyone sees the pattern, they'll bail before it happens. So, the only way miners survive this is if gold sees a massive surge right then. If that doesn't happen, miners are definitely dragging gold down with them.

So, what’s the deal with those predictions about hitting $1880 by the end of February? 🤷

I've been scrolling through some Silver Doctors articles lately—you gotta check out both the bulls and the bears to get the full picture.

http://www.silverdoctors.com/massive...-through-1800/

It really feels like lonehawk5 might actually be onto something here. If prices drop like that, I'll definitely be jumping in to grab some silver (my wallet isn't quite ready for gold yet, haha! 😁)

analogharbor44 said:So, what’s the deal with those predictions about hitting $1880 by the end of February? 🤷

I've been scrolling through some Silver Doctors articles lately—you gotta check out both the bulls and the bears to get the full picture.

http://www.silverdoctors.com/massive...-through-1800/

It really feels like lonehawk5 might actually be onto something here. If prices drop like that, I'll definitely be jumping in to grab some silver (my wallet isn't quite ready for gold yet, haha! 😁)

I already covered this in my previous post, but let's be real: that sudden price drop on thin after-hours volume right after the QE4 announcement? It definitely raised some eyebrows. Back on November 5th, gold hit a critical floor, and you could practically smell the QE4 coming. Looking back now, it’s much easier to connect the dots. If we slip below $1,626, all bets are off—that would confirm the worst-case scenario. Personally, I’m already seeing red flags if we drop below $1,660. The situation with mining stocks is looking just as shaky; if they slide past the 100-day WMA, then the 500-day DMA, and finally $1,626, we are officially in trouble.

Gold – What Now Quote : The Goldbugs

I guess it feels like The Goldbugs are already banding together to basically silence me, which is pretty typical, I suppose. They’re still stuck on that whole BUY and hold and ara against The idea of trading mindset, and honestly, if gold prices take a dip, they just claim it's some massive conspiracy instead of admitting the math might be wrong. It’s kind of funny how they act exactly like the government—just shutting down anyone who doesn't fall in line with their specific worldview. Like they always say, the truth is supposed to set you free, but man, it usually just pisses you off first.

😢

You really just have to ride the wave, I mean, stop trying to boss the market around if you actually want to stay afloat. Everything happens when it happens, and maybe gold just isn't quite ready for its big moment yet.

🙂

The government is absolutely desperate for cash, and I bet they’re going to get real ugly before this entire system finally hits the wall... they aren't exactly the type to go gracefully into the sunset.

😢

http://www.bloomberg.com/quote/USGG10YR:IND/chart

There they go... almost hitting the 2% mark.

Anything north of $1,750–$1,800 is a total vacuum. Honestly, it might be smarter to just sit tight at this level—stay "frozen," if you will—and dodge any major corrections until the landscape shifts.

🙄 An exclusive—has it really been, what, 10 years since we last saw this? 🙂

@Francisko 🙂
http://www.bloomberg.com/news/2013-0...arly-2014.html

Melissa Sanchez17 said:🙄 An exclusive—has it really been, what, 10 years since we last saw this? 🙂

@Francisko 🙂
http://www.bloomberg.com/news/2013-0...arly-2014.html

I suspect our colleague doesn't buy it—not that it really matters. 🤣

dustyheron5 said:I suspect our colleague doesn't buy it—not that it really matters. 🤣

Yeah, right... like we should just blindly trust your "experts."

dustyheron5 said:Eric Sprott—gold hitting $2,000/oz before year-end, silver climbing past $100/oz...

http://kingworldnews.com/kingworldne...old_Price.html

dustyheron5 said:The CEO of Agnico is weighing in on gold prices—he’s forecasting $3,000 per ounce if China ($1.2 trillion) joins the US and the European Union in pushing major stimulus measures.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/8/29_Agnico_CEO_Warns_Gold_To_Hit_$3,000_On_Supply_C oncerns.html?utm_medium=referral&utm_source=pulsen ews

By the way—Morgan Stanley is teetering on the edge of bankruptcy.
http://sgtreport.com/2012/08/jim-wil...urce=pulsenews

Or you?

dustyheron5 said:Bought some silver yesterday. Thinking about doubling down today.
Might play around with some leverage. Maybe.

I'm looking at Uncle at $50 by year-end.

Hey.

dustyheron5 said:When I talk about the rally in metals, my primary focus is silver—I'm anticipating it could see roughly a 100% increase from current levels by the end of the year...

As for gold, I expect it to consolidate through November before staging a powerful move upward...

Of course, this is just my personal take.😉

dustyheron5 said:👏

Silver entered its bull market after gold did...
And silver's consolidation period lasted nearly a year and a half—which is longer than gold's...
Both gold and silver are breaking through key resistance levels; the sentiment is becoming increasingly bullish.😉
If there is any truth to the rumors of central bank intervention this September... things are going to move up aggressively.😍

The broader picture is actually quite grim—I'm looking at the data coming out of China:
European Union exports dropped by 16.2% in July.
Exports to Italy fell by 26.6% (year-over-year).
Iron ore prices plummeted 33% over the last month alone.
The issues within the European Union remain unresolved—not a single one of them.
Things aren't exactly rosy for Americans either—with elections approaching, if they intend to help Obama secure a win, they'll need to be hitting "Ctrl+P" on those stimulus measures pretty hard.😂

🙂

🙂

What the hell is actually going on with the US GDP right now? 😁