GoldenPhil

Dow S&P nasdaq all on a massive suckers rally.  The Fed is in panic mode printing that money to keep bonds and stocks high on a sea of lies.  Debt to GDP is unsustainable and the Fed cannot print forever, that debt has to be serviced or defaulted on.  Fed cannot print jobs and cash flows!  P/E on the US stocks is above 33 times on average which is stupidly high.  Once the bad figures come in end Q2 the massive unemployment, huge numbers of businesses gone to the wall,  no recovery in the near future and the Fed has to stop printing there will be a FIAT currency crisis the like of which the world has never seen before.  All powell and mnuchin are hoping for is a huge return to consumer spending overnight to save the American and world economies and it just ain't going to happen.  Here in the UK the only good news is that we have jumped from the sinking titantic known as the EU thank goodness but our forcasts are dire.  Gold and Silver will shoot to the moon in my opinion.

Congratulations @Drdandoom

I am lost but intrigued...

Oops wrong thread

Yup. Pound strengthening against USD as I speak, buying all the way down until I see a movement in USD spot.

Chart looks great Stairway to Heaven

could see the fed being like this like the BOJ - wonder what will happen to the price of gold.........

Depends on the context. If you mean inflation well I would agree.
Gold and Silver is money but treated as an asset class in the eyes of the Banks, as we both know. Since the metals are finite and paper is artificially giving the illusion to holders or investors a claim to gold the financial terrorists have deliberately created an apex facilitating the illusion of demand-for-paper-for-gold, which is impossible, while the metals are held by elites making them easy to maneuver markets, crises and grow wealth simultaneously. Its an sophisticated and interesting scam.

No asset has been hotter than silver in recent weeks.
GSR has moved from a 125:1 peak back to 96:1 today, and we are challenging the Feb peak at £14.60
 

The crises isnt the C word (which we cannot discuss on this thread) but rather mass unemployment 

Perceived crises coming and everybody buys gold.
Actual crises hits results in people having to sell gold irrespective of their wishes

Seems an interesting difference of behaviour between east and west.  We start from believe gold will help preserve wealth over long term or through troubled times.  Here we are mid-crisis, in the west we want to buy more for the future expecting prices to rise.  The east sell for the here and now, not giving a jot for the price trend, as gold has served its purpose. 

Indian jewellery sales are not going to dent this bull market of gold, seriously. There are other, more important bullish factors supporting gold on the global market. I can't see any significant fall in the gold price this year. Any dip is just a buying opportunity. £2,000+ before the end of the year. But I personally wish gold would be cheaper this year so I could buy more.

A friend in Thailand told me the gold shops ran out of money people sold so much

I'm afraid I have no clue. I just remember it was discussed back then and quick google only produced this https://economictimes.indiatimes.com/news/economy/policy/govt-imposes-restrictions-on-import-of-gold-silver/articleshow/72875015.cms?from=mdr
Silver restrictions have been recently eased https://economictimes.indiatimes.com/news/economy/foreign-trade/govt-eases-conditions-for-silver-import/articleshow/75724459.cms
I'm sure there's more to that story and maybe it's even "fake news", who knows. There was also the big debacle in India demonetising R500 and R1000 notes some years ago so maybe it's just another similar experiment.

$1880 USD Gold price looking likely now

It's a joke from the life of brian 

Little impact from small holders selling a few coins.
Gold fell because market investors are jumping off gold and back into equities. Largely reacting to vaccine news.
Have you not seen the market soar?

A friend in Thailand told me the gold shops ran out of money people sold so much

Queues round the block to sell their gold at the height of it all.
 

I think we will see a drop in au over the coming months into the 1600-1700 in usd terms, so probably a drop in terms of gbp too as long as the exchange rate stays roughly where it is. Miners have had a good run but are now showing some weakness for now going forward.

why do you need a dislike button when you can easily ignore things and move on.

Friend in hong kong says china is shipping gold in to prop up the markets. Markets could collapse tomorrow. Gold price? Up or down?

Friend in hong kong says china is shipping gold in to prop up the markets. Markets could collapse tomorrow. Gold price? Up or down?

Friend in hong kong says china is shipping gold in to prop up the markets. Markets could collapse tomorrow. Gold price? Up or down?