The coming Gold crash

[Wonger]

13 hours ago, Divmad said:

Too many gloom and doomsters out there yet for your scenario to work out. Twitter is full of them. And when I bait them about their wrong calls, I get blocked. Wonder why???

Really, keep watching then 😉

[sovereignsteve]

9 minutes ago, Wonger said:

Thank you, but Its not needed as the target is $385 not $3850 😁

So how high does it have to go before you admit you're wrong and take your losses?

[Wonger]

11 minutes ago, Abyss said:

@Wonger pal I have missed you. How have you been mate? I am hoping all the shorting you are doing in the futures market with leverage has not left in the following state:

You do realise Leverage means I can allocate far less capital to a position?

[Wonger]

1 minute ago, sovereignsteve said:

So how high does it have to go before you admit you're wrong and take your losses?

The position will not be closed, it will be hedged, this will not even be considered under $2064

[Abyss]

1 minute ago, Wonger said:

You do realise Leverage means I can allocate far less capital to a position?

Leverage is a Double-Edged Sword. Over leveraged any position it can cause permanent capital destruction.

[Wonger]

35 minutes ago, BobnotTed said:

The Nasdaq 100 futures chart shows most sustained drop over last fortnight since March crash. US Stimulus ceases in 7 days. Beginning of anticipated second crash?

https://markets.businessinsider.com/futures/nasdaq-100-futures

If so, gold will quite possibly drop for a period.

😉

[Wonger]

1 minute ago, Abyss said:

Leverage is a Double-Edged Sword. Over leveraged any position it can cause permanent capital destruction.

Night follows day too 

[Wonger]

Posted April 15 (edited)

  On 15/04/2020 at 06:09, OneBlueSummer said:

where would you throw $5k for medium to safe risk highest yield in 6 months?

I personally would not be short equities until SPX $3328

Brent are you reading? 😉

[OriginalS]

Only a matter of hours until it hits $1900 per Oz now, expect the same as yesterday with a slight reduction when New York opens.

Then it's going to tickle $1900 before closing at $1898 for the weekend 😜

[Wonger]

12 hours ago, Eco said:

Been reading through this thread for a few days and I am actually with Wonger. Seems I am in the minority, lol.

Thats exactly where you want to be with Commercial Banks to the tune of 302000 contracts net short too in your corner!  😉

[HillWalkerDundee]

3 hours ago, mr-dead said:

How much physical gold do you think will be available @ $400 when it costs around $1k to produce?

Zero, it will be all in my safe 🙂

[Wonger]

5 minutes ago, HillWalkerDundee said:

Zero, it will be all in my safe 🙂

Worth what an oz?

[mr-dead]

seems wonger is going all out as we approach $1900.

as I said previously, you would have made far more money doing the polar opposite of what he suggested to date so best ignore him.

[Wonger]

3 minutes ago, mr-dead said:

seems wonger is going all out as we approach $1900.

as I said previously, you would have made far more money doing the polar opposite of what he suggested to date so best ignore him.

"to date"

[mr-dead]

Just now, Wonger said:

"to date"

yes the difference between reality, facts and crystal ball predictions.

[mr-dead]

On 24/03/2020 at 19:17, Wonger said:

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!

your prediction 4 months ago today actually.

sinks of fail.

[Kman]

5 minutes ago, Wonger said:

"to date"

Gold will never go down to $600

Because that will never happen is you prediction never ending? you can never be wrong

I like to predict what will happen in the short term and I'm usually wrong but that's fine because I don't bet on my predictions until they actually start to play out

You have to wait for confirmation

Edited July 24, 2020 by Kman

[Wonger]

Just now, Kman said:

Gold will never go down to $600

Because that will never happen is you prediction never ending? you can never be wrong

I like to predict what will happen in the short term and I'm usually wrong but that's fine because I don't bet on my predictions until they actually start to play out

You have to wait for confirmation

Why dont you explain to everyone why you think Gold will never go down to $600? How can my prediction be never ending when Ive stated by the end of 2021 on this thread on many occasions!😁

[sovereignsteve]

1 hour ago, Wonger said:

The position will not be closed, it will be hedged, this will not even be considered under $2064

Closing, hedging, effectively the same depending on how much of your currently losing position you hedge. Just another way of cutting your losses, but still losses just the same.

[Wonger]

1 minute ago, sovereignsteve said:

Closing, hedging, effectively the same depending on how much of your currently losing position you hedge. Just another way of cutting your losses, but still losses just the same.

Then I suggest you research the difference, its always good to learn 😉 

[mr-dead]

[Kman]

4 minutes ago, Wonger said:

Why dont you explain to everyone why you think Gold will never go down to $600? How can my prediction be never ending when Ive stated by the end of 2021 on this thread on many occasions!😁

Not going to lie I've skimmed through what I have read of the thread because it's a waste of time, but I shouldn't say never ending if you said 2021 sorry

Never to $600 again because of all the QE 

I'd be surprised if we ever see under $1200 again

[mr-dead]

1 minute ago, Kman said:

Not going to lie I've skimmed through what I have read of the thread because it's a waste of time, but I shouldn't say never ending if you said 2021 sorry

Never to $600 again because of all the QE 

I'd be surprised if we ever see under $1200 again

No mention of 2021 in the original post, apparently the crash to $400 - $600 started on the 24th March

[Wonger]

6 minutes ago, mr-dead said:

Lets hope you continue posting that chart for updates until $385 by the end of 2021 

[sovereignsteve]

8 minutes ago, Wonger said:

Then I suggest you research the difference, its always good to learn 😉 

I am always happy to learn. I have asked you before but you refuse to provide.

Please point me towards some learning source that will teach me how to hedge a position and both positions make money, as you seem to suggest is posible.

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Added 0 minutes later...

7 minutes ago, mr-dead said:

No mention of 2021 in the original post, apparently the crash to $400 - $600 started on the 24th March

It was going to happen quickly as well.