you hit on something key: credibility. it is gone, the emperor truly has no clothes for thinking persons who see what is plainly visible. i am now willing to believe we have very deep players in PM space that manipulate price. as in central banks type intervention, its all they've got left. BUT they are deeper than you or me and i'm not about to get into a battle with TPTB. but i am going to marshal some physical and also trade some miners, such as mux.
if anyone hopes to make even one dime in markets, they have to first decide what their skill set is. i have no insider info and i'm not smarter than everyone else. in fact, i consider myself rather simple but someone who can observe and draw conclusions. gold has ALWAYS been regarded in all of human history as value. does that mean it goes up or down next 90 days? who knows. see above re TPTB. but i'm a simple guy, i have a feeling gold will be regarded by humans as valuable over USD or bitcoin because well . . . history. currencies come and go. we are exhibiting hubris to think the $$ is somehow magically immune. this push to strengthen king dollar is the final act, with some serious changes to follow. not because i think i'm smart or have insider info. but because it is what i see.
will the world get more or less volatile in future? i have an opinion as does everyone. when i look around, what do i see with upside potential? yahoo stock? gm? buy a bond fund for income stream? or does gold strike me as something that could perform well in what i perceive to be some major instability on the horizon. at this point, i don't even care about return, i want preservation. sorry so long. choose well.
not so fast there al. DB agreed to cooperate in a civil suit; sooo, nobody's going to jail; do u really think DB suddenly found some integrity? nothing will change i assure you.
ok kids, here we go. a day we have been waiting for. when I woke this up and saw futures numbers I started to get an erection; it can't be I thought; I think this may be a breakout day. BUT, clear your calendar today and sit on your favorite news sites; I've got a bad feeling we may all be wandering into a dream killing pen. there are too many central banks and big banks that just can't let today happen; I'm going to hold steady till maybe 1030 or so then see what the world looks like, maybe do some intra day moves, fast and light is key today. my best guess is spot is up maybe .5% EOD and I hope I'm wrong but we've seen this before. even so, this feels just a little bit different . . .
we may put different meaning on fundamentals I may have misused the word; my theory is that the low oil price is putting incredible pressure on volatile areas of the world as well as bond markets floating all the production; also, just everyday society, we are sitting on a powder keg in USA, there will be violence unrelated to oil price and mid east tensions; just my working theory but I think I'm right here which is what is fun about investing/gambling; the only thing that will resist crumbling or will crumble last is PMs in my humble opinion; wish I was more sanguine but I have eyes to see and ears to hear and its getting downright scary;
agreed. never thought I'd see a CEO put his own $$ on the line in a dicey situation, is a strong sign; the world fundamentals for holding gold have never been stronger, either, IMHO. more upside than downside here, just my opinion.
Friday was the most confusing day of the trading year; spot up markedly, but why? the jobs report was 'strong', further confirming rate hike, which should have been kryptonite to spot gold; but it wasn't. very strange to my thinking; the jobs report is pure fiction, anyone who lives more than 25 miles from wall street knows this but even still, something is in the air; seriously, something is up. there has been longstanding manipulation of spot price, I've made up my mind and if you don't agree that's fine but I proceed this way. but something changed Friday, I'm not sure what and that makes me nervous; long term my guess, and that's what it is, but my guess that I'm trading on, is that there is some wind afoot to shoot an arrow across comex. they are de facto insolvent and its an open secret. all the big players have been playing nice in the sandbox but I'm wondering if that changed Friday. long term still bullish mux although sold some on the spike;
saw some info that price spike was due to Saudi announcement on oil production but not sure I believe that. something just feels weird, maybe those with the resources are challenging king dollar. we shall see, stay tuned. just my musings.
I suppose most agree with you; however, this here be bizaaro-world; the threat is all the fed has left; rates are not going up, ever. in fact, we will see NIRP during 2016; but they'll talk a lot and try and keep a lid on PM spot prices; its all they've got;
another opinion here, but here goes: its not jeff sixpack or the unwashed masses that will move the needle on gold, even though there are A LOT stackers, as they say; its the big boys, the hedgies and bankers; when it happens it will be very fast; I try to be an objective observer and nothing more and I've never seen so much insanity in terms of fed policy, our govt lying to us about inflation, etc and overall world affairs; I'm as freaked out as I've ever been, and that includes when there were rumors of draft for the first Iraq invasion in 1990, when i was 18 years old; to my eyes, the world is teetering, but just my opinion;
a clear air of desperation. the fed and others are completely f - = cked; this is shown by the big bounce up then predictable march down, gold is manipulated as can be. not sure if you are zero hedge reader or not, highly recommended; when this goes, its going to be fugly for most