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BobnotTed
Reputation Activity
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BobnotTed reacted to Airhead in Gold Monitoring Thread £ GBP only
I am reminded of that Hawkwind track “Interstellar Overdrive”, sorry miss-spent youth.
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BobnotTed reacted to Kman in Gold Monitoring Thread $ (USD) only
It all looks down to the dollar in the short term
Just from what I'm roughly observing atm (I might be way off) it seems like for every 1% the dollar falls gold goes up around 4x and silver 10x
I'm not sure what will happen with the dollar next I'm going to try and learn more about it but one scenario that seems possible is that we will see a 2% bounce up soon before it continues down
2% bounce could mean gold down 8% and silver down 20%
That would be $1800 ish gold and $20 silver
Looking what happened in 2011 gold high you couldn't say a weak dollar lifted gold up to $1900 but you could say dollar strength took it down to $1528 bottom
8% dollar rise - 20% gold drop
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BobnotTed got a reaction from MancunianStacker in Gold Monitoring Thread £ GBP only
It seems like such an obvious danger, that it seems more than possible that many may attempt to preempt it before July 31st.
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BobnotTed got a reaction from Kookaburracollector in Gold Monitoring Thread £ GBP only
What are opinions on the fact that with various US stimulus packages ending at the end of July this will cause a Nasdaq crash and temporarily drag down the gold spot price as profitable positions in gold are sold to fund margin calls on stock investments as happened in March?
