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SPDR Gold Shares Message Board

  • smokeskull smokeskull Jan 31, 2013 2:05 PM Flag

    I really think gold is getting ready to blow its stack.

    Things went overtly bullish a month or so ago. And gold's first reaction to uber bullish situations is often a product of central bankers freaking out and trying to stop it. But the inevitable rise always comes next. On top of the money printing, repatriation,and moves to physical metal, we have the USD sinking. When gold and the USD go down together, that is my favorite crazy Ivan trade. Gold does a dip and then does a complete 180 and takes off. I think we are looking at a fast move back to 1800 then maybe one last pullback before blast off.

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    • This scenario has played out many times over the last 18 months. You, Schiff, Sinclair, Organ et al can say what things should be but I choose to live in the real world as to what things really are.

      Everything is manipulated and controlled and gold has been controlled for the last 18 months and there is no reason to believe it can't continue. The German gold is not there so it has to be bought on the open market so there is no way the powers that be are going to let gold appreciate in price until those purchases take place.

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