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05-08-2020, 07:34 AM
#8171
gold on a tear 2000 dollars now wow and the 10 us bond yield is down again , whats spooky is that they both started there moves around the same time early june. whats up eh major safe haven buying?
one step ahead of the herd
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05-08-2020, 09:10 AM
#8172
Originally Posted by bull....
gold on a tear 2000 dollars now wow and the 10 us bond yield is down again , whats spooky is that they both started there moves around the same time early june. whats up eh major safe haven buying?
The Worlds major banks + Central banks have been buying for years when Gold was crashing 2011 buying all through the flat years 2012,13,14,15 ,,, then finally we come out of the Bear market late 2015 and seen a flatline till late last year when the New Gold Bull market started ... IMHO going off the last two major Gold bull markets if you take the average percent growth from the start to the peak of the Gold bull runs ...we are only at end of the first stage(break to new all time highs) over the next several years I personal think $5000oz maybe be reached (using histrionic percent growth averages)
The global economy was flashing danger signs long before the pandemic. For one thing, many countries were clamouring to get hold of as much gold as possible. For the past decade, they have been buying new reserves and bringing it home from overseas storage to an extent never seen in modern times. Then just before the pandemic, there was a pause. What does all this mean?
Central banks added 650 tons to their reserves in 2019, the second highest shift in 50 years
https://theconversation.com/countrie...res-why-138173
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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05-08-2020, 09:34 AM
#8173
Originally Posted by JBmurc
The Worlds major banks + Central banks have been buying for years when Gold was crashing 2011 buying all through the flat years 2012,13,14,15 ,,, then finally we come out of the Bear market late 2015 and seen a flatline till late last year when the New Gold Bull market started ... IMHO going off the last two major Gold bull markets if you take the average percent growth from the start to the peak of the Gold bull runs ...we are only at end of the first stage(break to new all time highs) over the next several years I personal think $5000oz maybe be reached (using histrionic percent growth averages)
The global economy was flashing danger signs long before the pandemic. For one thing, many countries were clamouring to get hold of as much gold as possible. For the past decade, they have been buying new reserves and bringing it home from overseas storage to an extent never seen in modern times. Then just before the pandemic, there was a pause. What does all this mean?
Central banks added 650 tons to their reserves in 2019, the second highest shift in 50 years
https://theconversation.com/countrie...res-why-138173
gold in inflation adjusted terms isnt at all time highs yet , so might be room to move higher ? sytill well over brought at the moment
Last edited by bull....; 05-08-2020 at 09:36 AM.
one step ahead of the herd
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05-08-2020, 10:38 PM
#8174
Originally Posted by bull....
gold in inflation adjusted terms isnt at all time highs yet , so might be room to move higher ? sytill well over brought at the moment
$2040oz USD at present talk of 2200oz .... before major breather
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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06-08-2020, 06:45 AM
#8175
Originally Posted by JBmurc
$2040oz USD at present talk of 2200oz .... before major breather
peter shiff been saying gold $5000 for years , he must be getting excited about this rally lol . anyway rsi 87 on daily , 80 on weekly ( last peak was 83 ) so still way over brought on this indicator
one step ahead of the herd
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06-08-2020, 11:38 AM
#8176
'peter shiff been saying gold $5000 for YEARS'
Thats why i ignore that sort of noise, a stopped clock.....
Now we have to start thinking about when to start taking some profits, a good problem to have ehhh
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06-08-2020, 03:27 PM
#8177
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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07-08-2020, 07:33 AM
#8178
and gold up another 22 dollars , etherum stalled but bitcoin still in rally mode in correllation with golds rise. they all probably rally cause of fed money printing which i have been bleating on about fore -ever would cause side effects.
one step ahead of the herd
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07-08-2020, 10:28 AM
#8179
Member
Originally Posted by bull....
and gold up another 22 dollars , etherum stalled but bitcoin still in rally mode in correllation with golds rise. they all probably rally cause of fed money printing which i have been bleating on about fore -ever would cause side effects.
I think I've doubled my money on my silver now. Close enough to. Crazy times
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07-08-2020, 11:16 AM
#8180
Originally Posted by dabsman
I think I've doubled my money on my silver now. Close enough to. Crazy times
well done , no end in sight yet to the run
one step ahead of the herd
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