The coming Gold crash

[Wonger]

I now predict that Gold will crash in excess of $1000 from here and it started today, see you at $400-$600 area guys and gals!

Edited March 24, 2020 by Wonger

[MancunianStacker]

No chance 

[AurumArgenti]

The winner of the lottery will be a man or a woman! Sorry...😂

 

Edited March 24, 2020 by AurumArgenti

[Minimalist]

Wonger [Below] when gold goes through $2,000 

[Auricsstash]

🤔 weren’t commercial the very same people long US equities? Give them a bell and ask how it went.....

[Wonger]

22 minutes ago, MancunianStacker said:

No chance 

They said that over on the Silver price to plummet thread too and it traded down to $11.70, next stop $4 in my opinion!

Edited March 24, 2020 by Wonger

[MancunianStacker]

Just now, Wonger said:

They said that over on the Silver price to plummet thread too and it traded down to $11.70, next stop $4!

So therefore Gold will?

[Minimalist]

3 minutes ago, Wonger said:

They said that over on the Silver price to plummet thread too and it traded down to $11.70, next stop $4 in my opinion!

JP Morgan is at the front of manipulating spot Silver. They have been loading up physical silver and longs on paper. 

[sixgun]

Are you going short @Wonger?

50? 100 short GC contracts - go on 500 GC shorts - go for it. You'll make a fortune.

[Wonger]

5 minutes ago, sixgun said:

Are you going short @Wonger?

50? 100 short GC contracts - go on 500 GC shorts - go for it. You'll make a fortune.

We have been shorting into it all day sixgun, were filled to the gills with max short exposure, even had risk limit raised, its a no brainer, were going down and going down hard from now!

Edited March 24, 2020 by Wonger

[sixgun]

Mr Wong is "..going down and going down hard from now!"

It sounds like an excerpt for a mucky magazine. Shocking.

[dicker]

Great to have a diversity of views on the forum!

Would be great to know your rationale

Best

Dicker

[MancunianStacker]

1 minute ago, sixgun said:

Mr Wong is "..going down and going down hard from now!"

It sounds like an excerpt for a mucky magazine. Shocking.

It was “getting filled” earlier 😮 

[sixgun]

2 minutes ago, MancunianStacker said:

It was “getting filled” earlier 😮 

And i have just had my tea - my stomach is churning at the thought of Wonky Wonger getting filled. To each his and her own i suppose - as long as no children and animals were harmed in the process.

Edited March 24, 2020 by sixgun

[Wonger]

4 minutes ago, sixgun said:

And i have just had my tea - my stomach is churning at the thought of Wonky Wonger getting filled. To each his and her own i suppose - as long as no children and animals were harmed in the process.

Sixgun you were made to look a complete fool over the Silver plummet, your now doubling down! 

[Minimalist]

11 minutes ago, Wonger said:

We have been shorting into it all day sixgun, were filled to the gills with max short exposure, even had risk limit raised, its a no brainer, were going down and going down hard from now!

🤣

You're at the windup

[Wonger]

3 minutes ago, Minimalist said:

🤣

You're at the windup

This says im very serious im afraid, its going down my friend, sorry, I take no pleasure in seeing public loses, trust me on that one!

Edited March 24, 2020 by Wonger

[dicker]

I think Wonger takes a pessimistic view of PM prices generally from previous posts. 
 

But it’s always good to hear an alternate point of view, I guess we could all have have missed something.....

Best

Dicker

[sixgun]

1 minute ago, Wonger said:

Sixgun you were made to look a complete fool over the Silver plummet, your now doubling down! 

Wonger it is you who is going down and going down hard. The other day you said silver was falling to $4 without a bounce. Price then went up. 
Be careful friend - not only will you get filled but you could get stuffed. i am in physical metal - i don't worry about the price and margin calls.

[Wonger]

1 minute ago, sixgun said:

Wonger it is you who is going down and going down hard. The other day you said silver was falling to $4 without a bounce. Price then went up. 
Be careful friend - not only will you get filled but you could get stuffed. i am in physical metal - i don't worry about the price and margin calls.

You will when its $400!

[sixgun]

1 minute ago, Wonger said:

You will when its $400!

No friend i will still be buying physical - it doesn't matter to me what the money changers are doing. 

[Minimalist]

2 minutes ago, Wonger said:

This says im very serious im afraid, its going down my friend, sorry!

Overcapacity is truly set in, paper markets are manipulated, central banks are pumping in trillions left right center to keep bonds at artificial rates, contracts cant promise/deliver physical, and you think this is going down? Seriously? Like.... Seriously?

[jultorsk]

🤫 I'm probably missing something in this story; what are all these peoples going on about today..?

The corollary to 2008 made more sense to me.

 

Edited March 24, 2020 by jultorsk
pic order corrected

[Wonger]

1 minute ago, Minimalist said:

Overcapacity is truly set in, paper markets are manipulated, central banks are pumping in trillions left right center to keep bonds at artificial rates, contracts cant promise/deliver physical, and you think this is going down? Seriously? Like.... Seriously?

Its going down because everyone is long for the reasons you state and more, since when do markets reward common sense!

[mr-dead]

the reality is no one has a crystal ball.

put your money where your mouth is and don't worry about what everyone else is doing.