GoldenPhil

Bank of America said it was going to go up 😉

I have shorted gold. Could go low as $1000 (at some point) but at present looking first at mid 1600. Then once it has finished going down there is a good chance of all time highs later on. Just my opinion.  

I have shorted gold. Could go low as $1000 (at some point) but at present looking first at mid 1600. Then once it has finished going down there is a good chance of all time highs later on. Just my opinion.  

I have shorted gold. Could go low as $1000 (at some point) but at present looking first at mid 1600. Then once it has finished going down there is a good chance of all time highs later on. Just my opinion.  

I have shorted gold. Could go low as $1000 (at some point) but at present looking first at mid 1600. Then once it has finished going down there is a good chance of all time highs later on. Just my opinion.  

I use a trading app in the UK. To short it you simply click the sell icon. Then to close the order later you click the buy button. 

Very true. The world has never really seem true capitalism or true socialism.  All we get is this manipulated fudge in the middle. 

1 salung gold bar Thai gold 0.965
 

Seems like a rip off. Spot price + premium (25%) + VAT. It's a total joke. 

Well done - a profit is a profit.

I have sold it all. 33% profit. It will probably moon now but a 33% profit is to hard to turn down. 

This chart shows the inflation adjusted price of gold - this will be the official inflation numbers which have been fudged and massaged downwards for years but this is what we have got. 
So the gold price isn't really at $1725 - this price is in devalued dollars. What we see in the chart is the mother and father of cup and handles - we are well into the handle and then it is off to the races. From the chart the 1980 price of gold was about $900 (the real all time high). Today in full value dollars it is about $670 ($1725 devalued dollars) - using this as a metric, the full value dollars are worth about 2.5x the value of today's dollar. So if price were to match the 1980 $900 price, in today's dollars it would be 2.5x $900  = $2250. 
The handle reaches a take off point when price goes higher than the 2011 peak - which makes sense. i am sure most of us would reckon that if price can breach the 2011 high, hold (stay above) that level and then start moving up, then we can expect it to be all over the controlled media and every man and his dog will want a bit of gold (and silver). This massive cup and handle reinforces that. The bigger the base the bigger the bang. Not sure if that is a term used but it is now.

It is not impossible.  But if you wait, it may not happen and then you will miss out or be forced to pay higher. I am waiting as I don't mind if i get it or not. 

It looks cheap on the 3 year chart and expensive on the 6 month chart 

I shorted it as I work out what is logical and exactly should happen then I do the complete opposite 😄

I shorted it as I work out what is logical and exactly should happen then I do the complete opposite 😄

Markets are behaving strangely all over the world at the moment.  Could be natural or more likely manipulation by governments,  although when it's by governments we call it interventions (if discovered). Lol
https://www.dawn.com/news/amp/1550176
 
 

I shorted it as I work out what is logical and exactly should happen then I do the complete opposite 😄

I shorted it as I work out what is logical and exactly should happen then I do the complete opposite 😄

I shorted it as I work out what is logical and exactly should happen then I do the complete opposite 😄

Congratulations 

Congratulations 

It's not the price that is driving the sales it is need. Thailand runs on tourist dollars and they have disappeared.  People need cash so they are resorting to selling gold they have acquired.  

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I always thinks PM is for buying and holding, and only to be sold in extreme financial circumstances when you really need the money whether that is personal, national, or global. 
If you were in a situation where you needed to sell to keep the lights on etc then gold has done you proud as you may have wasted away that money on other things. The good thing about buying PM is even if it falls in value it is an easy source of money when you need it and it stops you spending that money on other things. So dont feel annoyed with yourself.