Gold Monitoring Thread $ (USD) only

[ChrisSilver]

Recent posts about USD prices have been moved to the USD topic. 

[silenceissilver]

Gold Price for May $1440?

Let's hope so.

Maybe 900 in GBP?

[Tn21]

Wow just seen USD price of gold. Did not know it broke the 1700usd mark.

According to Harry Dent, recently searching Au on Google has been the highest ever. 

 

Edited April 13, 2020 by Tn21

[Tn21]

 

[Auricsstash]

This guy Wongers brother??

[Michal]

Well he is probably speaking about paper gold contracts and he might be right i would say even lower, when street realized how much paper gold is worth it will go to 0. But Physical will stay around 1700-1800$ any way or even go higher.

[verrachi]

Anywhere between 1650-1550 is good retrace imo

[Abyss]

To provide some counter balance published  on the April 8, 2020 YouTube Lynette Zang & Egon Von Greyerz Talk Gold & Resets.

If you think Gold going to $1400 then sell some, think going to $2300 then buy some but regardless of either scenario I would always hold a core amount of physical Gold not for sale at any price nobody has a crystal ball.

 

[vand]

The mining sector having virtually halved and then doubled back within the space of a month is having its umpteenth attempt at breaking out:

 

 

[jultorsk]

The worry seems to be about the persistent differential between OTC and futures. Swiss refineries are ramping up the production and flying cargo is a non-issue, so... why the gap? 

[Blehhhh]

2 hours ago, Abyss said:

To provide some counter balance published  on the April 8, 2020 YouTube Lynette Zang & Egon Von Greyerz Talk Gold & Resets.

If you think Gold going to $1400 then sell some, think going to $2300 then buy some but regardless of either scenario I would always hold a core amount of physical Gold not for sale at any price nobody has a crystal ball.

 

No bias there

[5huggy]

11 hours ago, Melon said:

Ah well if the random post from an unspecified source, posted on TSF by a new member on their first post says so, who am I to disagree! 

Selling gold! Fire sale!! PM me now!!!

[5huggy]

[DarkChameleon]

8 hours ago, 5huggy said:

The futures have gold in June at 1760 so I'm still in the game...but what is people level, they had the ratio at 40 - 1 or 100 - 1 to exchange so what's the sell some or most gold at? And what's the level for silver? ... we also have this wierd thing of looking at sales for o n.v e point then paper for the other...at the end of the day sales means more then paper ever will, when gold was at 100 - 1 I offerred one full sovereign for 20 eagles and nobody would bite...probably still not, that was based on paper not sales, you can sell 20 eagles for $450 and buy one full sovereign for ?.

[HawkHybrid]

2 minutes ago, DarkChameleon said:

when gold was at 100 - 1 I offerred one full sovereign for 20 eagles and nobody would bite

 

the reason nobody would bite is that people know better than

to make trades at 50/50 odds. the risk to reward ratio when

playing the gsr at anything but the extreme ends is simply not

worth it. the spread on all physical commodities is too big to

trade tiny fluctuations like that. the gold price has gone up but

it's not worth chasing it up at this late stage in the wave.

 

HH

[5huggy]

Concerted effort to drill back the "spot"!! - - 

[vand]

23 hours ago, vand said:

The mining sector having virtually halved and then doubled back within the space of a month is having its umpteenth attempt at breaking out:

 

 

Finished with a very unpromising reversal on the day => a high chance that we are at a short term top.

---

Added 0 minutes later...

On 14/04/2020 at 00:53, Tn21 said:

 

Dent's a deflationary luny. Ignore him.

[KDave]

I have followed Dent for a while, he is the deflationary version of schiff who I have more time for, but unlike Schiff, Dent does not understand the concept of gold as money, he sees only the material aspects as a commodity (inflation hedge). 

He is right that gold is topping though. 

[GoldenPhil]

I think gold will either deflate or flatline. If it deflates I will happily buy it at the discount price as next comes hyperinflation when currency becomes worthless and gold is king. 

[DarkChameleon]

On 13/04/2020 at 18:06, Guest said:

Hello.

Gold Price for May $1440
Trade with care.

 

 

Gold for june was at 1760 and higher, whoever signed 1440 was a maniac.

[DarkChameleon]

16 hours ago, HawkHybrid said:

 

the reason nobody would bite is that people know better than

to make trades at 50/50 odds. the risk to reward ratio when

playing the gsr at anything but the extreme ends is simply not

worth it. the spread on all physical commodities is too big to

trade tiny fluctuations like that. the gold price has gone up but

it's not worth chasing it up at this late stage in the wave.

 

HH

People were talking about getting into gold, i was offering a fair exchange, got offerred 20 generics but that wasnt the offer, i was testing to see if and when people would take the deal...i was suprised by how long people held on, the first t8ne i got an offer the ratiowas 120 - 1....i know everyone wants a deal but a steal is for beginners.

[HawkHybrid]

4 minutes ago, DarkChameleon said:

People were talking about getting into gold, i was offering a fair exchange, got offerred 20 generics but that wasnt the offer, i was testing to see if and when people would take the deal...i was suprised by how long people held on, the first t8ne i got an offer the ratiowas 120 - 1....i know everyone wants a deal but a steal is for beginners.

 

getting into gold and trading the gsr are two completely different things.

 

HH

[DarkChameleon]

11 minutes ago, HawkHybrid said:

 

getting into gold and trading the gsr are two completely different things.

 

HH

If youhave a bunch if silver and want to get intigold it makes sense to exchange, people are doing it on here all the time.

[HawkHybrid]

4 minutes ago, DarkChameleon said:

If youhave a bunch if silver and want to get intigold it makes sense to exchange, people are doing it on here all the time.

 

they can simply buy gold independently of their silver holdings.

for example, in the last 10 years the best year to buy gold was

2015. but the highest gsr(best year to swap gold for silver) is

this year. very different trades with different timings.

 

HH

[Bxlsteve]

3 hours ago, DarkChameleon said:

People were talking about getting into gold, i was offering a fair exchange, got offerred 20 generics but that wasnt the offer, i was testing to see if and when people would take the deal...i was suprised by how long people held on, the first t8ne i got an offer the ratiowas 120 - 1....i know everyone wants a deal but a steal is for beginners.

Well when trading the gsr it wouldn’t matter if they where 20 rounds or 20 ASE. 
 

perhaps people didn’t want to trade ASE with the gsr? Thinking there ASE more valuable than there weight in silver?