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So when times get tougher everyone goes quiet? It’s like the doldrums in here. 1-2 new posts a day maybe a tad more Jheez come on people!
Where is the independent free thinking? Has it all moved to Twitter already? Maybe I’ll buy shares of tha just for the Gold commentary there!
While I’m posting, not heard from Gabe in a while…where you at?!
Gary are you still around too lurking somewhere, still remember your analog from a while back, assuming that broke, but anything else in the pipeline?
Yes Wazcam….interest in this sector is as historical lows.
lets face it this place is populated by goldophiles ( me included)
Now that the General markets have apparently righted and gold and Silver and Miners have been DEAD for over a year
The tent has become very quiet.
This too shall pass….but of course I don’t know when.
Wazcam
=it’s not just on this site—apathy is everywhere—even among the big time money managers, who, for all their resources, make meagre returns–—the stock mkt is a one way street—and the gold mkt is in a straight jacket—technical analysis seems to be short circuited, too.
Here and all over the internet, they say there will never be another stock crash as long as CBs can create money out of thin air….well, it’s true
[.and to this we can add there will never be another bull mkt. in gold]
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Argentina Secures $50 Billion in IMF Backing to Bolster Economy
June 7, 2018, 7:02 PM EDT
Loan to Argentina ranks as one of the largest in IMF history
Country will target fiscal deficit at 1.3% of GDP in 2019
https://www.bloomberg.com/news/articles/2018-06-07/argentina-secures-50-billion-in-imf-backing-to-bolster-economy
It should pass when gold moves out of this sideways consolidation, which I suspect will be down into the ICL then a break-out move higher as the USD rolls over.
Given the amount of intelligent members that contribute to this site I too thought there would be much more speculation about when this may occur.
It will present some fantastic trading and/or investment opportunities.
From my previous comments below I am speculating on a repeat of the late June 2013 move.
I may be wrong but there are lots of markers indicating a move down before a bottom.
Just my opinion here, but I think the reason gold is at a standstill is because it is fairly valued. Why? The old saying is that “an ounce of gold will buy a fine man’s suit.” A fine suit (think Armani, not Men’s Wearhouse) is $1,200-$1,500. Just about where gold is now sitting. The age old adage says gold is sitting just about where it should be.
I really doubt that central banks et al phone Mr. Big n Tall to get a feel for the market price. Witchcraft words to trade upon, good luck !
Its been pretty accurate for more than a century.
One of the things that I appreciate about this site is that people generally post only when they think they have something of value to say. It is not the quantity of the posts that make this site great but the quality. I am happy to wait for the latter.
George has some words of wisdom for the board….https://www.youtube.com/watch?v=pPTHem2iu0A
At times like this, there can sometimes be little new to add. Personally, I look at the charts every day but only post if there’s something new and useful to share. I’m on the same page as Norvast – I may post something later to add to my bull case. At this point, what I’m interested in is weighing up the evidence for and against an upside breakout.