Gold: Past, Present, and Future

The fundamentals driving this bull market haven't actually changed—if anything, they're stronger. Yet, here we are, staring at a correction from 1,920 down to 1,520. Honestly, after a drop like that, a healthy bull market usually needs some breathing room through a consolidation phase, whether that lasts a week or a month. But if Bernanke has already stabilized the Dollar, there might not be any room left for a sideways move. Currencies aren't even feeling the crisis yet. It’ll be an interesting day when that changes.

I think your issue is that you’re looking at gold as just another commodity 🙂
How can you honestly believe currencies aren't caught in this crisis? Just look at what's happening with the Euro. And don't even get me started on the Dollar... it feels like every other day some new country is trying to ditch the Dollar as their primary medium of exchange.

The currency crisis is barely getting started. Honestly, I couldn't care less about gold right now; what I'm watching are the miners trying to claw their way out of consolidation. This time around, they actually look like they might pull it off.

In North America, we’re mostly just dealing with a debt crisis right now (even if the Eurozone caused the mess in the first place). Currencies are the next logical target, and I think that domino might have already started to fall.

Ugh, I’m back in the trenches again, specifically looking at mining stocks. Something feels like it's brewing, and we'll see how the Dollar reacts. If the market takes this latest Fed messaging as a green light for QE, things could get wild—both in equities and precious metals, especially with miners.

The Miners have serious potential, especially the juniors... they just need enough grit and research to find the right 🙂

It’s total chaos for the big banks in America today.

http://www.youtube.com/watch?feature...v=9802NwSSS6U#!

😂😂😂

I see some people are still out here playing doubt games and throwing out provocations every five minutes. Fine. Whatever. Here’s a little slice of journalistic incompetence and pure propaganda for you—though honestly, I think it’s mostly just plain old ignorance

http://www.youtube.com/watch?v=1V7n3qRRM60

😍

Something weird is brewing with the currencies lately. It’s like the Euro and the Dollar are in a race to see which one can bottom out first. Gold is hovering near $1,750 again, and honestly, it could go anywhere at this point. If it pushes past $1,800, I'd expect at least a minor correction. This market is absolutely insane right now—I’ve got my bags packed and I'm ready to bail whenever the signal hits. 😍

Nothing about this surprises me anymore. 🙂
It’s just a race to the bottom for fiat currencies; I guess that's all they're good for. 😉
That’s why you’re better off holding physical gold and silver—at least you can sleep at night.

I’ve been weighing the idea of selling while we're still sitting on these branches, then picking things back up once it dips toward 1500... but honestly, I can't be bothered to pull the trigger right now.🤷

It looks much more likely to happen in 1900 than in 1500... The Federal Reserve probably changed the entire game. Gold is just a side note here; we're talking about currencies and the stock market.

quiettrucker12 said:It looks much more likely to happen in 1900 than in 1500... The Federal Reserve probably changed the entire game. Gold is just a side note here; we're talking about currencies and the stock market.

I don't think technical analysis carries much weight right now when it comes to precious metals.......🤣

quiettrucker12 said:It looks much more likely to happen in 1900 than in 1500... The Federal Reserve probably changed the entire game. Gold is just a side note here; we're talking about currencies and the stock market.

Sure, it might touch 1900, but I expect it'll eventually retreat back down to that 1500 level we saw recently.

neondriver5 said:Sure, it might touch 1900, but I expect it'll eventually retreat back down to that 1500 level we saw recently.

Based on what?
Are they stopping the printing of the Dollar and the US Dollar?
Is the world magically exiting this recession?
Are interest rates suddenly climbing?
Did the banks all become solvent overnight?
Is the Dow Jones Industrial Average, which plummeted 65% in the last month, making a comeback?
Did Iran, Russia, India, China, and Japan change their minds and decide to start using the Dollar as their primary medium of exchange again?
Are India and China suddenly dumping gold?
Will Israel and the USA just decide not to attack Iran?
Maybe it drops to 1500, but not on this planet.

It’s more of the same. You’re just repeating the same old lines you’ve been feeding us, spinning in circles while the price was sitting at $1,520 just twenty days ago.
What are we even talking about when it comes to money printing? The Fed has been printing money right under our noses for four years now, and yet, here we are.
Prices are always going to swing up and down, but it’s honestly hilarious how some people play it—when the market dips, they call it a "healthy correction," but the moment it climbs, suddenly it was "completely expected."😂

On the flip side, when the floor drops out, it drops fast. And once it hits those lows, it tends to linger there much longer than it does at these $1,800 levels.

neondriver5 said:It’s more of the same. You’re just repeating the same old lines you’ve been feeding us, spinning in circles while the price was sitting at $1,520 just twenty days ago.
What are we even talking about when it comes to money printing? The Fed has been printing money right under our noses for four years now, and yet, here we are.
Prices are always going to swing up and down, but it’s honestly hilarious how some people play it—when the market dips, they call it a "healthy correction," but the moment it climbs, suddenly it was "completely expected."😂

On the flip side, when the floor drops out, it drops fast. And once it hits those lows, it tends to linger there much longer than it does at these $1,800 levels.

Don't you see how you just proved my point for me?

neondriver5 said:It’s more of the same. You’re just repeating the same old lines you’ve been feeding us, spinning in circles while the price was sitting at $1,520 just twenty days ago.
What are we even talking about when it comes to money printing? The Fed has been printing money right under our noses for four years now, and yet, here we are.
Prices are always going to swing up and down, but it’s honestly hilarious how some people play it—when the market dips, they call it a "healthy correction," but the moment it climbs, suddenly it was "completely expected."😂

On the flip side, when the floor drops out, it drops fast. And once it hits those lows, it tends to linger there much longer than it does at these $1,800 levels.

They aren't printing "on us," they're printing based on available data. Unlike you, I actually back my claims up with facts instead of just throwing out random numbers and hoping for the best.
Gold four years ago: €600 and $900.
Gold today: €1330 and $1740

neondriver5 said:It’s more of the same. You’re just repeating the same old lines you’ve been feeding us, spinning in circles while the price was sitting at $1,520 just twenty days ago.
What are we even talking about when it comes to money printing? The Fed has been printing money right under our noses for four years now, and yet, here we are.
Prices are always going to swing up and down, but it’s honestly hilarious how some people play it—when the market dips, they call it a "healthy correction," but the moment it climbs, suddenly it was "completely expected."😂

On the flip side, when the floor drops out, it drops fast. And once it hits those lows, it tends to linger there much longer than it does at these $1,800 levels.

It's pretty obvious you have no grasp of monetary history and are looking at an incredibly narrow window of time. You remind me of Dennis Gartman and Jon Nadler.
The price swings up and down constantly, yet it has practically doubled in four years. How do you explain that? 🙂
And of course, it's a correction whenever the price dips. All the fundamentals for gold rising—which I've already laid out—haven't changed; if anything, they've only gotten stronger.

neondriver5 said:Sure, it might touch 1900, but I expect it'll eventually retreat back down to that 1500 level we saw recently.

That's possible. Honestly, it'll probably dip below 1600 first before hovering around 1650 for a while. There's also the other scenario: it rockets past 1900, which would mean we're entering the initial bubble phase. Either way, I don't think it's selling time yet. Once that downward trend from the correction finally snaps, I want to be heavily exposed to miners. I don't want to miss out if they decide to break out of consolidation, even if I have to risk a certain percentage of my portfolio to do it.

Gold is strictly tied to the Dollar right now, and from where I'm sitting, the Dollar looks like it's on its last legs. It's an election year in the USA, and if this whole thing is a scripted scenario, who am I to fight it? If there is a script, it’s clearly designed to pump stock prices, and so far, it's working beautifully. Gold rising is just a byproduct of the falling Dollar—and let's face it, the broad decline of the Dollar has been the primary fuel for this bull market (Quantitative Easing 1, Quantitative Easing 2, and now maybe infinite Quantitative Easing).

By the way, everything happening with the US stock market, the Dollar, and gold over the last few weeks is absolute madness. It's a market stripped of all technicals; you can't apply any standard tools to actually gauge what's happening or what's coming next. Anything could happen. But realistically, the Dollar might have already given up the ghost. If it were to rally in a month or two after hitting rock bottom, it might just be a relative move against an even weaker Euro. So, anything goes. Right now, though, the S&P 500, miners, and gold are all climbing while the Dollar sinks. One thing that might hurt the bull market is if this run lasts long enough for gold to smash through that 1920 peak; if it hits 2000, we're officially in the early stages of the final bubble. If we head toward 1900, expect some minor corrections along the way, maybe even a dip to 1800.

neondriver5 said:I’ve been weighing the idea of selling while we're still sitting on these branches, then picking things back up once it dips toward 1500... but honestly, I can't be bothered to pull the trigger right now.🤷

This whole sentiment should have been posted back in late summer or early fall when I was actually preaching this stuff myself. Sure, a massive correction followed, but there’s a catch: I highly doubt many people actually stepped up to buy at 1520 or grabbed silver at 27 on any given day. In moments like that, everyone assumes it’s going even lower. It’s very likely this bull market just left all the "smart money" standing on the curb while the plane took off without them.

What kind of gold Bubble are we even talking about? We haven't even hit the second phase of a Bubble here in the US.
If you're talking about some paper bubble, maybe there's an argument to be made, but physical gold? Not a chance.
Besides, these markets stopped being free a long time ago—if they can even still be called markets. How can you call it a market when machines handle over three-quarters of all exchange trading?
Forget technical analysis and charts. You’d have better luck at a Vegas casino.