The coming Gold crash

[HawkHybrid]

On 05/04/2020 at 11:41, Wonger said:

Personal exposure and desk exposure to short Gold futures at this present time is lets say interesting! 😉

However this is in addition to various other interesting positions that include short 30 TSY (long term) short s&p's (short term) short Bitcoin target $1200, long oil storage TNK, STNG ,LPG, EURN, DHT added Friday medium term, short WTI medium term, Short Silver medium term as is Gold

 

1 hour ago, Wonger said:

When the US Dollar explodes up to 140 Gold will completely collapse! 

 

what an awkward position to take?

 

HH

[Wonger]

20 minutes ago, HawkHybrid said:

 

 

what an awkward position to take?

 

HH

Is that a statement or a question?

[Oldun]

If you have enough physical for the long haul, no bother. But if not, it is wise to buy physical gold on dips and physical silver due to the gsr ratio. That is my personal opinion for the long haul.....but a simple piece of advice to those new to the scene who may not be in the paper trading game and may hang on every word your good self forecasts here on this thread. Beware of high premiums though when doing so. Hope that doesn’t create an issue here on your thread by saying so.

Edited April 8, 2020 by Oldun

[Mox]

Being new to this would it be easy (probably not) to say if I should invest in gold/silver now or not for medium to long term investment and possible trading if prices are favourable?

There’s a lot to try and take in and I am trying to learn fast...

[Oldun]

Good luck @Mox All of us have been where you are at some point....but make sure everything is balanced. I go with a 90/10% split of au/ag and no more than 20% of my total worth. Some would say 10%. Pensions say less than 1% over the good times in the last 20-30 years give or take.There is no right answer. Evaluate your own appetite for risk and manage it depending on your own life situation and needs.

Edited April 8, 2020 by Oldun

[HawkHybrid]

21 minutes ago, Mox said:

Being new to this would it be easy (probably not) to say if I should invest in gold/silver now or not for medium to long term investment and possible trading if prices are favourable?

There’s a lot to try and take in and I am trying to learn fast...

 

consider building an emergency fund that includes physical gold

bullion(probably best to leave out silver for now). from this you

can add items, as and when your increased understanding

allows(bargain hunting).

work on your strategy, recognising what prices 'should be' will

come with experience. 

 

HH

Edited April 8, 2020 by HawkHybrid

[KDave]

3 hours ago, Wonger said:

When the US Dollar explodes up to 140 Gold will completely collapse! 

If the dollar hits 140 we will be well into deflation and everything would be collapsing not just gold. Therefore it will not happen the FED will print long before that point, it may rise to start with but DXY will be back at 90 before this is over.

[Wonger]

18 minutes ago, KDave said:

If the dollar hits 140 we will be well into deflation and everything would be collapsing not just gold. Therefore it will not happen the FED will print long before that point, it may rise to start with but DXY will be back at 90 before this is over.

"everything would be collapsing not just gold" Wrong, the purchasing power of your cash will rocket up, aside from any speculative bets on the collapse, this is why I sold my Gold recently at these crazy premium prices and im shorting Gold, because its going down with everything else

Agree that the Dollar will collapse too, but not before its reached 140 or even higher and destroyed the global financial system first being the last man standing, the higher the Dollar goes the higher it has to go, it will go as it high as it needs destroy everything 140/180/220 take your pick, when your a foreigner and owe $12 trillion in Dollar debt, your only choice is too print your own currency to buy Dollars, thus driving the Dollar even higher 

Edited April 8, 2020 by Wonger

[sixgun]

24 minutes ago, Wonger said:

...when your a foreigner and owe $12 trillion in Dollar debt, your only choice is too print your own currency to buy Dollars, thus driving the Dollar even higher 

Or say f*ck off - can't pay - won't pay - it was counterfeit in the first place.

[Platinum]

Well said.

[Martin1983]

2 hours ago, Oldun said:

If you have enough physical for the long haul, no bother. But if not, it is wise to buy physical gold on dips and physical silver due to the gsr ratio. That is my personal opinion for the long haul.....but a simple piece of advice to those new to the scene who may not be in the paper trading game and may hang on every word your good self forecasts here on this thread. Beware of high premiums though when doing so. Hope that doesn’t create an issue here on your thread by saying so.

This issues is NO one currently knows if gold is high or low currently, Harry Dent is saying gold will fall and Mike Maloney and MANY others are saying gold will go through the roof 

[Wonger]

52 minutes ago, sixgun said:

Or say f*ck off - can't pay - won't pay - it was counterfeit in the first place.

Not sure about telling the Zionist ooops US Military to f*ck off, but would love to see it 🤣

Edited April 8, 2020 by Wonger

[Martin1983]

2 minutes ago, Wonger said:

Not sure about telling the Israeli ooops US Military to f*ck off, but would love to see it

Wonger, why do you think gold is going to crash when others think it’s going through the roof? Harry dent previously thought gold was going to crumble to $400 or below he has now changed his tune and said around $1000 

[Mox]

Do you own a cat @Wonger Just curious.

 

Edited April 8, 2020 by Mox

[Minimalist]

14 minutes ago, Mox said:

Do you own a cat @Wonger? Just curious.

 

What book is that and whats this about the cat?

[Mox]

1 minute ago, Minimalist said:

What book is that and whats this about the cat?

Lee Camp: Bullet Points and Punch Lines p86. Ref https://www.forbes.com/sites/frederickallen/2013/01/15/cat-beats-professionals-at-stock-picking/#7e357717621a

[Minimalist]

3 minutes ago, Mox said:

Lee Camp: Bullet Points and Punch Lines p86. Ref https://www.forbes.com/sites/frederickallen/2013/01/15/cat-beats-professionals-at-stock-picking/#7e357717621a

The cat got lucky

[HawkHybrid]

19 minutes ago, Mox said:

Lee Camp: Bullet Points and Punch Lines p86. Ref https://www.forbes.com/sites/frederickallen/2013/01/15/cat-beats-professionals-at-stock-picking/#7e357717621a

the experiment was biased towards random luck.

Quote

they could make trades quarterly... at the end of the year(results)..

professionals trade when they need to, not just quarterly.

the cat had a 1 in 3 chance of getting lucky as the professionals

were handicapped to being forced to blindly throw the dice.

 

HH

Edited April 8, 2020 by HawkHybrid

[Mox]

Maybe, maybe not. I would bet on you all taking up the challenge v a cat and expect to win?

[HawkHybrid]

15 minutes ago, Mox said:

Maybe, maybe not. I would bet on you all taking up the challenge v a cat and expect to win?

 

I would bet a professional that was allowed to trade properly

would over many trades(not just 4) beat the cat and students

on average(there's not much you can do if your opponent hits

the jackpot when going all in on a single trade). high risk/high

reward, but there's only so many times that you can get lucky.

 

set up properly, I would expect the professional to win more

often.

if setup properly how is publishing that professionals beat

students and cats, news worthy?

 

HH

Edited April 8, 2020 by HawkHybrid

[Mox]

But the professionals would still have expected to beat a cat, if they agreed to the challenge then I assume they were confident of success. And before seeing the result the vast majority would have bet on them winning.

[Minimalist]

35 minutes ago, Mox said:

Maybe, maybe not. I would bet on you all taking up the challenge v a cat and expect to win?

Depends on the rules. If we were allowed to purchase any type of asset at our discretion then I would be confident to beat a cat. As @HawkHybrid pointed out there are limits where only four market purchases are given over each quarter making it clearly a bias. If it was say for example £10,000 starting capital and we had until the end of this year leaving 8 months left the cat would obviously lose.

[Mox]

2 minutes ago, Minimalist said:

Depends on the rules. If we were allowed to purchase any type of asset at our discretion then I would be confident to beat a cat. As @HawkHybrid pointed out there are limits where only four market purchases are given over each quarter making it clearly a bias. If it was say for example £10,000 starting capital and we had until the end of this year leaving 8 months left the cat would obviously lose.

So, if there had only been one trade and the cat won then you would say it was luck and there should be more. So, there were 4 and the cat won, so you say there should be more. If there were more and the cat won then ‘obviously’ we would need more trades until the professionals won and you could turn round and say “See? Told you so!”. If one has no control over an outcome then the cat can always win, there is no certainty in a game of chance.

[Minimalist]

6 minutes ago, Mox said:

So, if there had only been one trade and the cat won then you would say it was luck and there should be more. So, there were 4 and the cat won, so you say there should be more. If there were more and the cat won then ‘obviously’ we would need more trades until the professionals won and you could turn round and say “See? Told you so!”. If one has no control over an outcome then the cat can always win, there is no certainty in a game of chance.

Fact remains that the cat was lucky because it has no knowledge and understandings of the markets.

Truth is, the more trades over the length of time/greater scale, you get to see who is the real deal. A cat would be at the bottom of the list. 

[AuricGoldfinger]

Bit catist