Gold: Past, Present, and Future

quiettrucker12 said:Honestly, it looks to me like gold doesn't give a damn about Quantitative Easing right now—or even the Dollar. We might see a little correction, but it'll be short-lived before we head straight for 1700.

I'm more or less on the same page, though I've got a hunch that if a correction actually hits, it could slide all the way down to the 1523 level.

quiettrucker12 said:Honestly, it looks to me like gold doesn't give a damn about Quantitative Easing right now—or even the Dollar. We might see a little correction, but it'll be short-lived before we head straight for 1700.

I'm gonna have to disagree with you there. The stock markets are holding steady, unemployment is hovering around 8%... plus, they aren't pulling the trigger on Quantitative Easing 3 unless the DJIA drops below 10,000. At this rate? It's not happening. And if that doesn't happen, gold is probably going to slide down about 50 bucks. Guess we'll find out in the next day or two.😍

check out what these analysts are saying

http://www.zerohedge.com/news/case-n...00-says-socgen

Melissa Sanchez17 said:I'm gonna have to disagree with you there. The stock markets are holding steady, unemployment is hovering around 8%... plus, they aren't pulling the trigger on Quantitative Easing 3 unless the DJIA drops below 10,000. At this rate? It's not happening. And if that doesn't happen, gold is probably going to slide down about 50 bucks. Guess we'll find out in the next day or two.😍

check out what these analysts are saying

http://www.zerohedge.com/news/case-n...00-says-socgen

The most likely scenario? The Federal Reserve stays silent today. If they do nothing, we could see a sudden, sharp flash crash—maybe silver sliding down to 1550-1560 ($27 silver)—followed by a rapid reversal that's nearly impossible to catch. It would be just like what happened back on June 8th. We'll see how it plays out today...

Things are starting to boil over at the summit—one of those big-shot G7 meetings where everyone’s just pointing fingers and playing the blame game. 😁

It reminds me of that famous summit where everyone pledged to ramp up exports to bail themselves out of the crisis... only for a minister from Singapore to take the podium and ask the room one simple question: who's actually going to buy all this stuff? 😂😂😂

At current rates, gold could hit $1580—provided Ben doesn't pull the trigger on Quantitative Easing 3 or OT2. 🤣

dustyheron5 said:It reminds me of that famous summit where everyone pledged to ramp up exports to bail themselves out of the crisis... only for a minister from Singapore to take the podium and ask the room one simple question: who's actually going to buy all this stuff? 😂😂😂

At current rates, gold could hit $1580—provided Ben doesn't pull the trigger on Quantitative Easing 3 or OT2. 🤣

Word on the street is that they're moving forward with operation twist

dustyheron5 said:It reminds me of that famous summit where everyone pledged to ramp up exports to bail themselves out of the crisis... only for a minister from Singapore to take the podium and ask the room one simple question: who's actually going to buy all this stuff? 😂😂😂

At current rates, gold could hit $1580—provided Ben doesn't pull the trigger on Quantitative Easing 3 or OT2. 🤣

Americans will! They can't possibly produce enough to match what we’ll be importing!

Melissa Sanchez17 said:Word on the street is that they're moving forward with operation twist

If operation twist actually goes through, how will that impact metal prices? It seems strange—why are prices dropping right now despite the announcements that this operation is continuing?

http://www.youtube.com/watch?v=VjQwfkQj6e4

Looks like a continuation of the twist (basically just continuous QE).... Miners have reacted pretty well so far, hopefully metals follow suit soon.

Well, this caught me completely off guard—total curveball. That sale lasted for what, a single day? And now oil prices have already tanked 😕

It’s honestly wild how many times Ben repeated himself during that speech and when answering reporters. He kept insisting he'll do whatever it takes to fix the economy—basically saying he's ready to buy up everything in sight via continuous QE.

I’ve said it before: QE never actually stopped.
If anyone still doubts that the markets are being rigged, I guess it’s pretty obvious now, isn't it?

I’ve already said it before: QE never actually stopped.
If anyone still thinks the markets aren't being manipulated, I guess they just haven't been paying attention.

Melissa Sanchez17 said:Well, this caught me completely off guard—total curveball. That sale lasted for what, a single day? And now oil prices have already tanked 😕

Everything is revolving around oil right now. It feels like everything has hit rock bottom except maybe oil—hopefully. Once oil finds its floor, the rest might actually start climbing. And by "everything," I mean the S&P 500, the CRB, gold, the whole works.

Why aren't central banks in the USA, Germany, France, Italy, or Switzerland stacking up gold while Russia and China go on a massive buying spree?
What's the secret intel these Western nations have that China and Russia are totally missing out on?

placidlynx43 said:I'm more or less on the same page, though I've got a hunch that if a correction actually hits, it could slide all the way down to the 1523 level.

I mentioned we might see a retest at 1523, and—surprise, surprise—it looks like we’re getting exactly that. Honestly, it feels like the big players are doing everything in their power to "crush" gold, especially the mining companies. It doesn't even matter what the news cycle throws at us—whether it's bullish or bearish—they find a way to use it as an excuse to tank the prices. I’m genuinely worried we’re headed for some tedious range trading between 1500 and 1750 through the US elections and the end of the year. Even Sinclair is starting to look pretty desperate. Looks like Armstrong might actually be onto something after all. It’s going to be a long, really long road for gold.

Man, this is such a spot-on breakdown of how things actually work around here and what’s really going down behind the scenes:
http://www.24hgold.com/english/news-...ributor=JS+KIM

placidlynx43 said:I mentioned we might see a retest at 1523, and—surprise, surprise—it looks like we’re getting exactly that. Honestly, it feels like the big players are doing everything in their power to "crush" gold, especially the mining companies. It doesn't even matter what the news cycle throws at us—whether it's bullish or bearish—they find a way to use it as an excuse to tank the prices. I’m genuinely worried we’re headed for some tedious range trading between 1500 and 1750 through the US elections and the end of the year. Even Sinclair is starting to look pretty desperate. Looks like Armstrong might actually be onto something after all. It’s going to be a long, really long road for gold.

The line in the sand is 1526. Miners are still sitting 16% above that floor. This slide toward 1526 might wrap up by tomorrow, or maybe by Wednesday at the latest. The trend could flip at any moment, so this whole mess is basically a buying opportunity while everyone else is panicking. It sucks that silver decided to dip right after such a long consolidation, but that's usually how it goes right before a massive breakout.

So, now we’ve got Moody's downgrading banks in the USA, and honestly? I wouldn't be surprised if the big US banks are next on the chopping block. It makes me nervous that those levels at 1523/1526 could get absolutely shredded—I'm legitimately worried we might see a slide down toward 1460-1470. If that happens, mining stocks are going to get absolutely massacred. That's why I dropped the link to Kim Kardashian's comment earlier. To be real with you guys, I think we're staring down the barrel of some major bank failures and full-blown bank runs... basically entering a deflationary depression that could drag on for a while. My gut says we aren't seeing any more Quantitative Easing this year.

placidlynx43 said:So, now we’ve got Moody's downgrading banks in the USA, and honestly? I wouldn't be surprised if the big US banks are next on the chopping block. It makes me nervous that those levels at 1523/1526 could get absolutely shredded—I'm legitimately worried we might see a slide down toward 1460-1470. If that happens, mining stocks are going to get absolutely massacred. That's why I dropped the link to Kim Kardashian's comment earlier. To be real with you guys, I think we're staring down the barrel of some major bank failures and full-blown bank runs... basically entering a deflationary depression that could drag on for a while. My gut says we aren't seeing any more Quantitative Easing this year.

No way. Anything can happen, sure, but... the miners have already survived a slaughter once. Give it a few days and we'll be pushing toward 1700.