Loading ...BINGO
Bingo…! Putting it all Together…from the recent discussions here at the tent
Strong Gold Buying From Other Sources is what we need to unhinge the Gold Pricing Band….Red Label has simply explained what no Manipulation Factory Goldbug Site has ever even discussed.
Gold prices have always been controlled….and always will be under the present ruling monetary agreement ( Bretton Woods is still in effect)
And until the pressure cooker of demand overwhelms the pricing control cartel ( CBs )
as it has done twice
First 1971-1981 ($35 TO $350) AFTER A MANIC OVERSHOOT TO $800
Second 2001 to 2011 ( `$30O to $1200 ) AFTER AN OVERSHOOT TO $1900
Some here think we will be locked into this $1200 to $1350 range for another 13 years ….20 years in the wilderness after a parabolic mania blowoff is what seems to be the norm.
So now that we can all agree that this Price “Control” Mechanism is and always has been an integral and Imperative part of the World Monetary system….we can all stop whining about it.
We are playing in a controlled market Because we think it’s time for the world to start buying Gold Frantically….so the price will rise
….well I bet not many of us hard core Goldophiles are even buying Phys….a recent poll shows this…..so WHO the F%^&*K is going to buy enough to overwhelm the cartel and cause them to make a retreat to the next level…which of course is $10,000 overnight !
Now the final piece of the puzzle…Adam Hamilton’s great piece on how the GLD buying affects the price of gold….It is the ultimate determinant of the price of Gold….When GLD shares are bought it creates a need for Phys to be bought by this ETF to balance their books.As discussed here
https://goldtadise.com/?p=423074
So that brings me to the point
Who would like to volunteer to keep Schism’s excellent proprietary Chart…Its both artistically technically excellent …..Updated Daily and posed exclusively for Goldtent .
…
Schiz emailed me the formula ….there is no know chart for GLD Holdings….so he made one and now he has sent the formula for updating the chart daily. it’s simple I am sure…but so am I… am an illiterate and some one else needs to do this. I will get any volunteer to hook up with Schism and soon we can have an updated chart posted daily.
Thanks….great team work going on….The Gold market is a 10 Headed Dragon so we need lots of different heads to piece it together how to make money in it……or as the HARD CORE GUYs say…Gold and Guns !
Anyhow we got some good heads here so we are doing alright !
………………………
PLAY LOUDLY WHEN TRADING
Mr Market’s Feelin Alright ….and You… are Hooked !
https://youtu.be/AIYLZOp_Bzc
Great points Sir Fully. Not many do buy physical which is KEY.
Everyone is buying Nugt or their favorite junior minor lottery ticket trying to get rich or seeing bitcoins go nuts and wanting to get into that.
Now? If the stock market does go up and we see amazon and other stocks continue to rock that may take some bucks from people as well.
Into physical gold? Not so much. Key to a rising gold price…
Glad you’re hanging around here more Sir Chuck….Another Bingo ….its Stock market Buying ( specifically Western Stock market Buying) that is needed to make gold go up.
stock market types need to buy tons and tons of GLD . Its NOT that GLD is evil its just THE best way to buy gold easily…You know any 30 to 40 something guys who go to the coins shop and buy gold to bury in their backyards ?
They sometimes want GLD and other times they want BTC of Dow Stocks…It’s HOT money that moves markets and buying a cold eagle at your local coin shop is NOT hot money.
good point
make sure you listen to that tune….60s at its best
Great point on GLD. Forgot about it.
I wonder if the regular stock market rises if the the rest of the world will forget about it too?
Reagan went in and gold topped immediately in 1980 when the last conservative President messiah came in to make America great the first time.
If dis here new messiah presidente does begin to make some progress and make America great again, I do wonder if gold doesn’t do what it did in 1980-1988… lose favor…
Fully, gold will be bought when https://www.ainsliebullion.com.au/Portals/0/exter_pyramid%20new.png the financial -garbage- system blows off.
Anyway, the chinese are buying gold like crazy last years. Some central banks are buying also.
I really love this one https://static.bullionstar.com/blogs/gold-market-charts/wp-content/uploads/2017/08/SGEDeliveriesMAugust.png
https://www.bullionstar.com/blogs/gold-market-charts/tag/chinese-gold-demand/
And when can we expect this blessing Sir Cervantes 🙂
Some have been waiting all their life …like waiting for the messiah….you know he’s gotta come but he never does !
If I knew when… Of course no one knows. But let me make a question.
Do you guys think the market has no limit? Is there a limit? I mean, they can keep printing forever? No. They can´t. In some point, central banks lose the confidence. And then is the musical chairs game. In some point the market will realize what´s the authentic money.
Just be patient.
Yes. It will happen.
Cervantes: best attitude in the tent
🙂
I´m just 32. I can wait : )
Honestly, since 2012 when the euro was about to break down, I started to buy phys gold. Circunstances in my country are different than in the USA or Canadá. I think in Spain or some other mediterranean countries we can have more monetary troubles than for example Germany, USA, Australia, or others. So I bought gold and silver as an assurance. I also bought miners with spock. Yes that´s an speculative play, but as I said, I can wait. No rush. I know the gravity will do his work, and that central banks (pigs) flying doesn´t exist.
And… about the DOW 100k. Maybe yes it can be but…
Do you know argentina´s Merval? or venezuela IBVC?
Take a glance. Maybe the dollar suffers a big devaluation from here.
I love these comical conspiracy theories. Prices are always controlled? If so, by whom, and what is your evidence? I, for one, do not buy into the Price Control Mechanism (PCM) theory. When the price of gold skyrocketed from 300 to 1900, where was the PCM? Are they to blame for the rise? Languishing prices are expected after such a long and stellar run. After all, trees doe not grow to the sky, and gold prices don’t always go up. Just look at any long-term chart that you like. Prices sometimes rise, sometimes they fall and often they go sideways. Hold on, someones at the door, I think it’s Bigfoot.
LOL
Ask this guy Traderscott
https://en.wikipedia.org/wiki/Mark_Carney
click on the link to G20 Financial Stability Board
Check this gents resume and guess what country has just got invited to join?
What country? What´s your point red label?
Till 2008 central banks around the world were mainly sellers.
From 2008 central banks around the world are active buyers.
Maybe the conspiracy theory is true. Cause they want to accumulate cheap.
I don´t say that they always manipulate the price, but we have evidences about the gold manipulation price from the bullion banks.
gold up 30% in the last 2 years, nice ‘V’ bottom, indicators all fine, and obvious chaos ahead with inflation,banks,war…. 15% /yr ain’t bad for a useless rock??
I’m afraid I couldn’t manage daily updates. Maybe someone who isn’t working ? It’s interesting the GLD holdings didn’t fall that far, but gold price fell by nearly half. That’s the combination of dollar influence and real physical gold demand I guess.A modest increase in GLD holdings would have a pretty large effect.