The coming Gold crash

[TheApe]

This is the beginning of the end. Best of luck all, I hope you survive.

 

[mr-dead]

3 minutes ago, Wonger said:

Commercials are net short 311,000 contracts, Tick Tock 😉

Tick tock since the 24th March and counting

[Wonger]

19 minutes ago, mr-dead said:

Tick tock since the 24th March and counting

Lets hope those $140 gains over the last 3 months do not get wiped out in one week otherwise this thread will go very quiet 😉

[Booky586]

38 minutes ago, Wonger said:

Lets hope those $140 gains over the last 3 months do not get wiped out in one week otherwise this thread will go very quiet 😉

Haha. Didn't you predict a crash 3 months ago, not a $140 gain?

Edited July 7, 2020 by Booky586

[mr-dead]

35 minutes ago, Wonger said:

Lets hope those $140 gains over the last 3 months do not get wiped out in one week otherwise this thread will go very quiet 😉

Which week (month/year) would that be?#

I also thought you were quoting $400 gold not $1640

Edited July 7, 2020 by mr-dead

[Arongoldprog]

1 hour ago, Wonger said:

Commercials are net short 311,000 contracts, Tick Tock 😉

What does that mean in layman's please?

[mr-dead]

3 minutes ago, Arongoldprog said:

What does that mean in layman's please?

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.

[Wonger]

16 minutes ago, Booky586 said:

Haha. Didn't you predict a crash 3 months ago, not a $140 gain?

Yes I did and I fully expect any gains since then to be wiped out very fast indeed

[Wonger]

1 minute 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.

Keep watching if you think its nonsense, we will soon see! 😉

[Booky586]

3 minutes ago, Wonger said:

Yes I did and I fully expect any gains since then to be wiped out very fast indeed

Show some backbone and commit yourself to a date. "Very fast" doesn't cut it.

[Wonger]

11 minutes ago, Arongoldprog said:

What does that mean in layman's please?

It means 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, do you want to trade against them? 😉 

---

Added 0 minutes later...

Just now, Booky586 said:

Show some backbone and commit yourself to a date. "Very fast" doesn't cut it.

Can you not read?

[sovereignsteve]

1 hour ago, Wonger said:

Commercials are net short 311,000 contracts, Tick Tock

Serious question; do you know of any times and/or have graphs, screenshots etc of when the commercials weren't so short?

[Wonger]

5 minutes ago, sovereignsteve said:

Serious question; do you know of any times and/or have graphs, screenshots etc of when the commercials weren't so short?

Yes and I posted the Commercial net short position graph of only 40k coinciding with the major Gold chart low on this thread, its been posted at least twice, feel free to look it up, was not so long ago the second re post 😉

[PolloDiablo]

What a thoroughly amusing, entertaining and educational thread.

Every forum needs a Wonger.

I'm hoping he's right in the short term. $1500 would be nice.

[mr-dead]

41 minutes ago, Wonger said:

Keep watching if you think its nonsense, we will soon see! 😉

simple question.

would anyone on this forum have made more money doing what you suggested in march or by doing the complete opposite?

[Wonger]

On 25/03/2020 at 11:06, Wonger said:

Look at the COT report on the 23rd April the commercials held their lowest short positions, its no coincidence that Gold bottomed around $1266 (arrow) the COT report was telling you that the commercials were now building short contracts by selling the opposing long contracts to the speculators, the COT was telling you to buy Gold and it carried on building until recently when we had record breaking shorts held by the commercials, the speculators have clearly now stopped buying contracts, so the commercials will manipulate the price down causing the speculators to close out their long contracts at losses which is the commercials gain, its wash rinse repeat ever since futures markets first began!😉    

😉

[Wonger]

7 minutes ago, mr-dead said:

simple question.

would anyone on this forum have made more money doing what you suggested in march or by doing the complete opposite?

Simple question, what would you do if your 3 months of gains by doing the opposite get wiped out in 1 week? 

[mr-dead]

4 minutes ago, Wonger said:

Simple question, what would you do if your 3 months of gains by doing the opposite get wiped out in 1 week? 

You are talking "if's and buts" I am talking data, facts and reality.

So I'll ask again, simple question:

would anyone on this forum have made more money doing what you suggested in march or by doing the complete opposite?

 

Edited July 7, 2020 by mr-dead

[Wonger]

Shorting more Gold futures here $1791

[Wonger]

Just now, mr-dead said:

You are talking "if's and buts" I am talking data, facts and reality.

So I'll ask again, simple question:

would anyone on this forum have made more money doing what you suggested in march or by doing the complete opposite?

 

You need to sell to realise the gains, is this part of your facts, data, reality? 

[Airhead]

Gold price crashed: BUY, BUY, BUY

[5huggy]

1 minute ago, Wonger said:

Shorting more Gold futures here $1791

 

 

[mr-dead]

Just now, Wonger said:

You need to sell to realise the gains, is this part of your facts, data, reality? 

I did sell just over 10kg worth of physical gold

[JunkBond]

3 minutes ago, mr-dead said:

I did sell just over 10kg worth of physical gold

The word Touche springs to mind.

Edited July 7, 2020 by JunkBond

[Wonger]

3 minutes ago, mr-dead said:

I did sell just over 10kg worth of physical gold

Good your also expecting a drop then 😉