Gold: Past, Present, and Future

Oh, they’ll try.. over the last year, we've seen plenty of folks calling for a massive rally like they're some kind of visionary chief, but the actual results speak for themselves..

Just be careful out there, everyone. Don't let the noise from others dictate your moves; make your own calls.

Some people are actually calling for a crash. We're talking up to a 50% drop. And this isn't just some random guy—it’s Jim Rogers we're talking about here. 😁

http://finance.yahoo.com/news/jim-ro...143644165.html

And then you’ve got the folks out there buying like total idiots. And we’re talking about George Soros here, for crying out loud.

http://goldsilver.com/news/george-so...tment-in-gold/

Elizabeth Harris11 said:Sorry, I'm a bit out of the loop here—what kind of trading volume are we talking about, or how many Greek bond issuances have actually hit that 23% yield mark?

I'm just as lost as you are! 😉

hollowmoose21 said:Some people are actually calling for a crash. We're talking up to a 50% drop. And this isn't just some random guy—it’s Jim Rogers we're talking about here. 😁

http://finance.yahoo.com/news/jim-ro...143644165.html

Here's the kicker:

Back when crude was sitting at $107 a barrel just a few weeks back, and gold was around $1650, one barrel of oil would've grabbed you 2 grams of gold. Fast forward to now—oil's down to $94 and gold's at $1550—and suddenly a barrel of oil only gets you 1.9 grams. Basically, if you were holding gold, your purchasing power jumped by 5% against oil over the last few weeks. George Soros

P.S. Looking at today's numbers, it's actually down to 1.87 grams.

Melissa Sanchez17 said:And then you’ve got the folks out there buying like total idiots. And we’re talking about George Soros here, for crying out loud.

http://goldsilver.com/news/george-so...tment-in-gold/

George Soros is a trader. That’s just facts based on the data through March 31st. Who even knows what his bank account looks like now? 😁
Whatever. We'll see. The miners absolutely crushed it, and the American Bankers Association hit support at 375 yesterday.

Melissa Sanchez17 said:Here's the kicker:

Back when crude was sitting at $107 a barrel just a few weeks back, and gold was around $1650, one barrel of oil would've grabbed you 2 grams of gold. Fast forward to now—oil's down to $94 and gold's at $1550—and suddenly a barrel of oil only gets you 1.9 grams. Basically, if you were holding gold, your purchasing power jumped by 5% against oil over the last few weeks. George Soros

P.S. Looking at today's numbers, it's actually down to 1.87 grams.

George Soros is full of it. You can't just grab a random few weeks of data, pick whatever timeframe suits your mood, and then act like you've cracked the code on long-term trends. It’s total nonsense.

http://www.zerohedge.com/news/next-stop-dow-100000

...according to Philippe Gijesels—the head of fixed income over at BNP—who thinks we might see the Dow hit 100,000 at some point in the next quarter-century...
...the whole math works out because he’s banking on a steady stream of hyperinflation—specifically, a yearly clip of 12.2%—which, for a nation like the United States, basically invites the H-word to dinner. His other big assumption? We have way too much debt, and the only way out is through inflation. Honestly, he isn't wrong. The catch is that once the Dow climbs to 100,000 solely because of all the money printing, we're going to need scientific notation just to wrap our heads around the cost of any real, hard asset (gold included, obviously)...

hollowmoose21 said:George Soros is a trader. That’s just facts based on the data through March 31st. Who even knows what his bank account looks like now? 😁
Whatever. We'll see. The miners absolutely crushed it, and the American Bankers Association hit support at 375 yesterday.

George Soros is full of it. You can't just grab a random few weeks of data, pick whatever timeframe suits your mood, and then act like you've cracked the code on long-term trends. It’s total nonsense.

Look, I get it, 🙂

rapidsurfer90 said:http://www.zerohedge.com/news/next-stop-dow-100000

...according to Philippe Gijesels—the head of fixed income over at BNP—who thinks we might see the Dow hit 100,000 at some point in the next quarter-century...
...the whole math works out because he’s banking on a steady stream of hyperinflation—specifically, a yearly clip of 12.2%—which, for a nation like the United States, basically invites the H-word to dinner. His other big assumption? We have way too much debt, and the only way out is through inflation. Honestly, he isn't wrong. The catch is that once the Dow climbs to 100,000 solely because of all the money printing, we're going to need scientific notation just to wrap our heads around the cost of any real, hard asset (gold included, obviously)...

it's not even a total stretch.
On the flip side, if you look at ShadowStats, actual inflation is already hovering near 10% right now.
"here is The latest fra John Williams ’ ShadowStats.com.
- Core ‰ CPI-U Inflation Hits Cycle high - april Year-to-Year Inflation Softens
- April Year-to-Year Inflation Softens: 2.3% (CPI-U), 2.4% (CPI-W), 9.9% (SGS)"
So, that 12.2% inflation Gijesels is talking about is probably just the official CPI-U number—which, in reality, could mean we're looking at 40-50% real-world inflation.

one of the big reasons we have this huge balance of trade deficit is because we buy all this gold and put it in the closet
..
if Europeans suddenly said they were going to dump their gold, or if they were forced to, that too would put a big drop on gold

you're hurting Europe by owning gold, and it's not safe for you to keep it, give it to me... 🤣
Hmm... I suppose the media has actually started hinting at confiscation now..
With the dollar being so strong, it probably doesn't make much sense to be buying in Euros right now

In the first three months, gold exports from the United States reached $28 million, which is 14 times higher than during the same period last year. For context, gold exports last year were already eight times higher than they were back in 2010.

Looking at those numbers... it makes you wonder if there is even any gold left in the United States; Americans might soon forget what gold even looks like🤣

quiettrucker12 said:It’ll be interesting to see what happens with mining stocks—specifically whether they can stay north of Hui 393 after Wednesday. If 393 doesn't break, we might see a sudden pivot in the sector.

Man, if you wait just a little bit longer, those miners are gonna be handing themselves out for free LOL
The way this is playing out is honestly terrifying

Melissa Sanchez17 said:Man, if you wait just a little bit longer, those miners are gonna be handing themselves out for free LOL
The way this is playing out is honestly terrifying

This might be the absolute bottom for gold bugs. I'm hearing from quite a few different sources that "shorts have aggressively covered" over the last couple of days—which basically means the slide could be getting halted and we might actually see some upward movement soon.

placidlynx43 said:This might be the absolute bottom for gold bugs. I'm hearing from quite a few different sources that "shorts have aggressively covered" over the last couple of days—which basically means the slide could be getting halted and we might actually see some upward movement soon.

I noticed Palpatine has been making some moves regarding gold lately, so...🙂

Melissa Sanchez17 said:I noticed Palpatine has been making some moves regarding gold lately, so...🙂

It looks to me like the sheer number and volume of retail investors playing the mining stocks is incredibly tiny—and honestly, the sentiment toward miners right now is just overwhelmingly pessimistic. Maybe that’s actually a good thing for them? On the flip side, I don't see much upward movement in those mining indices until gold finally pushes Sinclair's angel past 1764.
But hey, that's just my two cents.
Either way, I've got a feeling we're staring down the barrel of some massive QE3—or whatever fancy name they decide to slap on it this time. This whole crackdown on gold and silver prices feels like they're just clearing the field for it.

placidlynx43 said:It looks to me like the sheer number and volume of retail investors playing the mining stocks is incredibly tiny—and honestly, the sentiment toward miners right now is just overwhelmingly pessimistic. Maybe that’s actually a good thing for them? On the flip side, I don't see much upward movement in those mining indices until gold finally pushes Sinclair's angel past 1764.
But hey, that's just my two cents.
Either way, I've got a feeling we're staring down the barrel of some massive QE3—or whatever fancy name they decide to slap on it this time. This whole crackdown on gold and silver prices feels like they're just clearing the field for it.

If we want to see miners explode, all we need is a bottom in gold. For a potential confirmation of that floor tomorrow, we need gold north of $1552. That's just $9 above where we are sitting now. Tomorrow is probably our best shot at seeing a bottom form so far. We'll see what happens.

hollowmoose21 said:Some people are actually calling for a crash. We're talking up to a 50% drop. And this isn't just some random guy—it’s Jim Rogers we're talking about here. 😁

http://finance.yahoo.com/news/jim-ro...143644165.html

I really dig this quote:
"Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants, and debt is the money of slaves." Now get moving—slaves!

It’s the same old story with these cartel manipulation tactics—they’ve got it down to a science. Just today, right around 3:00 AM EST, they "rewarded" us with a massive gold price dump. And the kicker? There isn't a single piece of news out there that justifies anything bearish for gold. It's just more of the same.

Looks like we’re getting fresh signals about a potential QE3 coming our way—with things starting to stall out over in Europe and all that other mess..

http://www.bloomberg.com/news/2012-0...faltering.html

I've been checking the charts all day
and I'm seeing some resistance on gold that looks like a potential rejection 🙂

After months of getting hammered, gold finally snapped like a coiled spring! Once the Federal Reserve Bank of New York confirmed the "recovery" is officially toast, everyone realized the Fed basically has zero options left besides hitting that print button.

😂

Man, those guys over at Goldman Sachs seriously know how to crack me up.