Remember back in January when all the wall street "experts" were saying gold to $900-$1050.... ?? I'm talking about 80% of the talking heads..... the big banks... the major investment houses.... prompted me to start buying big when it was $1200..... when everyone else hates something... you gotta love it.... what a bunch of fools. Gold is heading higher, much higher.... buy physical.
steind I don't want to rub it in but my call options are starting to come to life...
Nope. Gold is putting in a double bottom. Once it gets over 1400 it will continue to at least 1700.
Boy blunder getting his A handed to him, but all the party President cares about is vacations, golf, and basketball brackets - all paid for by the working taxpayers. The USA got what it voted for and that is failure. If there was an opposition party, Obama would already be in impeachment proceedings. But since the GOP is no longer the grand old party but instead just the old loser party, Demoncraps are having a party destroying the USA, both economically and morally. The dollar can only lose value over time and that means gold will only increase value over time.
Another way of stating the same statistic is to say ONLY 1 in every 1,000 investors was opened minded to gold.
Sentiment: Strong Sell
Talk about having no class or sense of shame at all. I haven't had a need to personally contact these GLD representatives. Are the roles really all handled by youngsters like this?
So stocks went down gold went up, and this is good for stocks and bad for gold! Great logic!
If US puts sanctions against Russia, this could spark a major currency war, and the dollar will fall off a cliff. Russia is the worlds largest oil producer and has stated that it will only accept payment for oil in gold (if US imposes sanctions). Gold is going much higher than $1400,