The coming Gold crash

[sovereignsteve]

1 hour ago, mr-dead said:

Its complete nonsense, the chart above demonstrates a price crash thats been happening since march apparently but the reality of the actual gold price is inverse.

Well no actually. By Wonger's reasoning and his latest COT chart, it's been happening since week 1 February 2019 and gold is up $450 since then.

[Wonger]

6 minutes ago, JunkBond said:

The word Touche springs to mind.

Yes I agree 😁

[Wonger]

3 minutes ago, sovereignsteve said:

Well no actually. By Wonger's reasoning and his latest COT chart, it's been happening since week 1 February 2019 and gold is up $450 since then.

Why dont you explain what you mean for us all?

[sovereignsteve]

1 minute ago, Wonger said:

Why dont you explain what you mean for us all?

Yous latest chart goes back to early Feb 2019 and the net short commercials seem no different then to where thay are now.

edit: damn, just noticed the date is in the silly US format. So the chart goes back to early July 2019, gold only up a tad under $300 in that time period then.

[Wonger]

and $1800, selling them everything they require, maybe we can get the Speculators 350,000 net long by today 

Edited July 7, 2020 by Wonger

[mr-dead]

38 minutes ago, Wonger said:

Good your also expecting a drop then 😉

Simple answer is just like you and everyone else, I dont know.

If you could predicit commodity prices with any degree of accuracy you would be an extremely wealthy man and have far better things to do with your time other than lurk on this forum.

 

You kind of remind me of that guy in the pub that "knows the reels" of the gambling machine but doesnt have any cash to put in himself as he lost the lot lol

Edited July 7, 2020 by mr-dead

[Wonger]

1 minute ago, mr-dead said:

Simple answer is just like you and everyone else, I dont know.

If you could predicit commodity prices with any degree of accuracy you would be an extremely wealthy man and have far better things to do with your time other than lurk on this forum.

Yes I agree, that is why I do not intend to "lurk" as much as you 😉

[mr-dead]

Just now, Wonger said:

Yes I agree, that is why I do not intend to "lurk" as much as you 😉

only on a price pull back right

[Wonger]

1 minute ago, mr-dead said:

only on a price pull back right

Lets hope it doesnt pull back $140 very quick then 😉  

[sovereignsteve]

I doubt Wonger believes for one minute gold is going to $385 or whatever. He is probably day trading or swing trading short term movements.

[Darr3nG]

1 hour ago, Wonger said:

there is an entity out there who is now betting very heavily on a Gold price decline and that entity happens to control the price direction

Wonger the entity - coming soon to a forum, near you!

May not control the price direction, but definitely get more active when the price goes in a certain direction.

[Prophecy]

Wonger's back. Let's see if there's a dip blip to slurp up some more at a discount

[Wonger]

3 minutes ago, Prophecy said:

Wonger's back. Let's see if there's a dip blip to slurp up some more at a discount

You can "slurp up" below the March 16th low soon😉

[TheApe]

Gold still crashing, it just keeps going. 

How low can it go, no one knows.

[Wonger]

1 minute ago, TheApe said:

Gold still crashing, it just keeps going. 

How low can it go, no one knows.

$385 will suffice

[Prophecy]

1 minute ago, TheApe said:

Gold still crashing, it just keeps going. 

How low can it go, no one knows.

It's crashing up

[Prophecy]

Just now, Wonger said:

$385 will suffice

That's gold just valued as an industrial metal.

[TheApe]

Just now, Prophecy said:

It's crashing up

I wonder if we will see the all time dollar high soon. Getting close.

[Wonger]

Just now, Prophecy said:

That's gold just valued as an industrial metal.

Since when does the paper price of Gold relate to anything apart from Commercial Banks positions?

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Added 0 minutes later...

1 minute ago, TheApe said:

I wonder if we will see the all time dollar high soon. Getting close.

You will see 140

[Frenchie]

1 hour ago, Wonger said:

Shorting more Gold futures here $1791

Gold futures now at 1807 and $16 loss. Down down down !!!  

[sovereignsteve]

I'm beginning to think Wonger has a bet with a colleague; how many clicks he can get on this thread.

[Wonger]

1 minute ago, Frenchie said:

Gold futures now at 1807 and $16 loss. Down down down !!!  

and $1808, you need to feed them when they are hungry as they are a fickle bunch 😉

[Wonger]

1 minute ago, sovereignsteve said:

I'm beginning to think Wonger has a bet with a colleague; how many clicks he can get on this thread.

Its certainly more popular than the "Silver Price About To Plummet" thread I created before it plummeted😉

[TheApe]

 

In a way I want gold to go up because I make some money.

But when it goes up I want it to go down so I can purchase some more. 

Im an odd man.

[sixgun]

If price gets above $1800 and holds, the target is the all time high. The horse has bolted and the stable burned down. 
There is large physical demand and it is getting harder and harder to juggle. The amount of silver allegedly going into the SLV is impossible, HSBC is leasing gold from the BoE for GLD. The Fed will have to bail out several participants. The smoke is blown away and we discover the mirrors are cracked.