Loading ...Trying to outguess Gold
Slowly,but surely, everyone whose well thought out data and charts point to a rise in gold soon are being forced out by those well meaning people looking now for gold to ,perhaps, retest 1050 and maybe lower by possibly fitting their thinking into the fact that gold dropped into year end in the last coupla three years. Isn’t “this” what “they ” want us to think? If a stock like Novo, with possibly great holdings can drop 50% in this environment, please tell me why it should not be bought?
The reason why it should not be bought is because it has no 43-101 filing to date. This company is another tulip bulb mania IMO. Go here an do some research…http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00029625
I see two from 2016.
Thanks,JS,for letting me know that this is a “pump and
dump”.
I would Like to have bought the Tulip Mania very early on …This one ( if it is a mania) hasn’t even begun yet.
Wow! I just read this article and it has indeed changed my perspective…http://www.straighttalkonmining.com/novos-pilbara-discovery-paradigm-shift-economic-geology/
Have you ever seen a chart of Bre-X? The move hasn’t even started in Novo if we are comparing mining mania to mining mania. Hasn’t even started for a second.
Gold will make its low this month in my view, with a very strong performance in 2018.
Thanks Northstar.
The end-of-the-year crowd looking for a big drop is running out of time. Since most think the low won’t come until closer to the 31st, gold might go up now while those waiting miss the boat. Maybe before the FOMC.
Welcome to Mr Market. Mr Market looks at all the reasons to do something, then tries to do the opposite of what the majority wants. All day, week, month, year long we listen as to why gold should go up, yet for some strange reason it goes down instead.
If you climb to 80,000 feet you can look down and figure out why gold cannot go up. For the foreseeable future the economy cannot grow at anything but a very sluggish rate, if not actually decline. Too much debt, lousy demographics, really STUPID policies coming out of Washington, central bank interference, what’s to push the price of gold higher until all this washes out?
Gold will rise again, but not for a very long time. If you look at the previous bear market in gold you see at least another 10 years of sideways or declining price, with a bias towards declining, since the economic environment supporting everything is a lot worse than the previous one.
But hope floats.
The Hope is that the derivitives markets blow up and or the pension plans start to implode …and the CBs react by printing like maniacs and we get hyper inflation
That has always been the “hope” …
It certainly could happen….but many have been expecting this for decades.
I believe you like this chart doodle I made a couple years back
https://stockcharts.com/h-sc/ui?s=$GOLD&p=M&yr=50&mn=0&dy=0&id=p04601710113&a=506755187&listNum=1
“Mr Market looks at all the reasons to do something, then tries to do the opposite of what the majority wants.”
Correct. So if your charts aren’t measuring sentiment in some fashion, they’re ignoring what matters most.
Sideways until the next inflationary decade. Buy Low/Sell High. Hold physical if you think the system will meltdown. Otherwise trade it like the paper it is. The liquidity of 4th largest asset class in the world that also gives your trade currency protection at the same time. One of the cleanest most transparent trade-able markets even if you do or don’t believe it is manipulated.
Thus trade it! Don’t just buy without ever a notion to sell. A trader has the psychological strength to be able to sell. Preferably sell for a profit lol!
Amen Red
I think we are in the midst of terrible inflation now. Isn’t saying waiting for inflation like being in a car going 50 mph waiting for the 70 mph zone? And what is bitcoin, deflationary? JIMVVHO, of course.
Hyperinflation we might get with the resultant crash and then a horrible deflation which could destroy us all, God forbid.
MM I didn’t say I was waiting did I? I think there are situations of extreme inflation all around us. But not for the powers at be who already own real-estate, aren’t going to school and have money in the SM there is no inflation in their minds. The price of gas, Oil, TV’s, appliances have dropped so in the Baby Boomers eyes there is no inflation. BTC has no relevance to the economy yet IMO and is not inflationary yet IMO. BTC has made a lot of money well so has Pokeman is that inflationary?
No, you didn’t. Good points. Thanks for the clarification.