The coming Gold crash

[5huggy]

2 minutes ago, Goldmansacks said:

Forgot to put in my smiley 😁

    

[sovereignsteve]

No wonker yet for his usual weekly troll?

[Prophecy]

On 29/05/2020 at 01:20, Prophecy said:

I think the jury is still out on the last asparagus...

 

[SilverApe]

3 hours ago, Prophecy said:

 

That's hilarious. What is the lady doing? Is that like tea leaf reading but with asparagus? I didn't even know that was a thing.

[mr-dead]

1 hour ago, SilverApe said:

That's hilarious. What is the lady doing? Is that like tea leaf reading but with asparagus? I didn't even know that was a thing.

She's the only person in the world that can do it apparently

[Martin1983]

These trades that wonger is doing how do they work? 
 

can you just place this trade and wait forever more for the price he wants to come true or is he losing money daily ?

[TheApe]

4 minutes ago, Martin1983 said:

These trades that wonger is doing how do they work? 
 

can you just place this trade and wait forever more for the price he wants to come true or is he losing money daily ?

He's not shorting anything. The wee man just makes stuff up.

[Kookaburracollector]

On 13/06/2020 at 11:18, Prophecy said:

 

Time to buy me thinks🤔

[Abyss]

12 hours ago, Martin1983 said:

These trades that wonger is doing how do they work? can you just place this trade and wait forever more for the price he wants to come true or is he losing money daily ?

Depends on the margin requirements of your broker. Interactive Brokers requires $14642.50 open single Gold futures position (100 oz paper Gold).

AMP Global Futures open single Gold future contract for $2,287 but to hold it overnight need maintain the overnight maintenance requirement

Maintain overnight maintenance requirement and any changes to margin requirements plus if the position moves against you significantly you are willing to put up more margin money then yes theoretically you can maintain a futures position indefinitely by rolling over expiration of the futures contract to the next expiration date. Not losing money unless paying for intraday data to the exchange and buy/sell fee plus holding onto losing position indefinitely losing purchasing power due to inflation.

https://www.cmegroup.com/education/courses/introduction-to-futures/understanding-futures-expiration-contract-roll.html

I don't think @Wonger trading at all more like trying to revive an old career in a different industry........

[Stacktastic]

On 06/06/2020 at 21:17, Abyss said:

Until then play the rigged game to the best of your ability.

Its the best time in history to borrow money, they are not even doing any checks!! 
Convert it into gold - job done.

Wont last long I don't think, bit like the lead up to 2008, but in fast forward. 

Edited June 15, 2020 by Stacktastic

[Wonger]

Gold will slice down through $1000 like a hot knife through butter, if you do not understand the significance of the second graph posted showing current open long positions waiting to be liquidated then you soon will (says the Troll?) 😉  

[TheApe]

Oh look, its the lovely picture thats been posted in this thread 200 times in the last 2 months.🤣

[Wonger]

8 minutes ago, TheApe said:

Oh look, its the lovely picture thats been posted in this thread 200 times in the last 2 months.🤣

In the last 2 months the Gold price is down, why don't you add value to the thread instead of nonsense!😉  

[Darr3nG]

5 minutes ago, Wonger said:

In the last 2 months the Gold price is down, why don't you add value to the thread instead of nonsense!😉  

Really? According to the charts on this very forum, it's slightly up... What am I missing?

[Goldhooked]

10 minutes ago, Wonger said:

why don't you add value to the thread instead of nonsense!😉  

Oh, the irony 😉

[sovereignsteve]

1 minute ago, Goldhooked said:

Oh, the irony 😉

It's his thread, he can post as much rubbish as he likes.

[sovereignsteve]

32 minutes ago, Wonger said:

Gold will slice down through $1000 like a hot knife through butter, if you do not understand the significance of the second graph posted showing current open long positions waiting to be liquidated then you soon will (says the Troll?) 😉  

No I've never seen one like it. Please add value and educate us by explaining it.

[Wonger]

On 05/06/2020 at 13:48, sovereignsteve said:

On 05/06/2020 at 13:46, Wonger said:

For a while? Your still continuing, why is that?  😁

No Ass kissing please, social distancing and all that

No that's me done now, I'm bored with all your sh t.

So your back yet again, after posting "No that's me done now, I'm bored with all your sh t" and your now asking me to educate you, is this correct? 😁 

[Wonger]

21 minutes ago, Darr3nG said:

Really? According to the charts on this very forum, it's slightly up... What am I missing?

Well according to that chart, then enjoy your slightly up over the last 2 Months, its your personal choice to make, celebrate throw a party! 😁 

[TheApe]

Ah Wonger, just try to write reasonable, thought out posts. 

Its more fun.

[Darr3nG]

49 minutes ago, Wonger said:

Well according to that chart, then enjoy your slightly up over the last 2 Months

Do you believe the chart to be incorrect? Here is another source quoting a similar price, from 2 months ago:

1 hour ago, Wonger said:

In the last 2 months the Gold price is down, why don't you add value to the thread instead of nonsense!😉  

Which is it? Is the price of gold up or down, in the last 2 months? Your posts are very confusing (or misleading).

[TheApe]

1 minute ago, Darr3nG said:

Do you believe the chart to be incorrect? Here is another source quoting a similar price, from 2 months ago:

Which is it? Is the price of gold up or down, in the last 2 months? Your posts are very confusing (or misleading).

Its confusing for Wonger as the value of the dollar is falling. He might not understand how currencies value against each other.

[Wonger]

4 minutes ago, Darr3nG said:

Do you believe the chart to be incorrect? Here is another source quoting a similar price, from 2 months ago:

Which is it? Is the price of gold up or down, in the last 2 months? Your posts are very confusing (or misleading).

$1708 trading so far today should not confuse you, its quite a simple fact!

[Darr3nG]

6 minutes ago, Wonger said:

$1708 trading so far today should not confuse you, its quite a simple fact!

Excellent, thank you for clearing that up - I am no longer confused. Simple facts make life so much easier.

[Wonger]

11 minutes ago, Darr3nG said:

Excellent, thank you for clearing that up - I am no longer confused. Simple facts make life so much easier.

Your most welcome as Im here to inform others of my opinion of the direction of the Gold price and why I have that opinion, I do not feel the required need to post insults or call names as I have no insecure aspects expressing my view and the creation of this thread or my price target of $385!😁   

Edited June 15, 2020 by Wonger