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Gold - Get Liquid

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You heard it here first --- Gold to reach $USD 2950.35 oz. by The Ides of March 2021.

And that is just on fundamentals.

The Orange Loon in the White House
Vlad gets Haemorrhoids from all the lifting
Turkey extends its empire further into the M.E.
China gets the real second wave Covid.
Volcanos in January in Indonesia and Iceland threaten crops in the northern summer
Kim Jong Un joins the Moonies and a proper nutter takes the reins in NK.
Byron Bay gets taken by rising tides and inhabitants sent to Nauru​

The charts say a bit higher.

gg
 
In my time following and investing in gold related stuff I've found Jason Roy-Byrne the most sober and trustworthy guide. I would definitely be a subscriber if I had the energy to buy Canadian gold stocks. Not that I acted on his recent cautionary advice on gold which began late July early August. He keeps it pretty plain in his free podcasts and in this one, dated September 20, is skeptical that the high level consolidation will hold and suggests a break below $1920 heading for low 1800's usd or even slightly below is the likely course. He refers to how high gold still is above its 200 day moving average and identifies the most appropriate comparisons in the past to this situation where after a short bearish move (2 months) gold went on to perform brilliantly. We're already well into this corrective duration on that basis. Personally that's my vibe for this time and I'm thinking of buying SAR if it dips enough.
thedailygold.com

Video: The Next Buy Opportunity

Here is our near-term technical outlook, with the potential downside risk, which if realized will setup a buy opportunity before the next leg higher.https...
thedailygold.com thedailygold.com
 
I would warn ASF members not to be quick to short gold as we head in to Festival Season in India. I have fond memories of Leh, Kargil, The Pakistan border areas in Kashmir and further northeast along the Line of Control with China, the latter also heading in to Festival Season.

The bling was blingful and plentiful and new gold bought every festival time.

https://www.marketscreener.com/quot...n-festivals-to-bring-back-customers-31322218/

gg
 
I feel very complacent about gold volatility lately and don't buy the vaccine as a fundamental threat at all. I was looking at the long term gold etfs: GOLD (aud) and GLD (usd) and GLD is still well above 200 dma and reached a degree of divergence where it 'begged' a correction. Jordan Roy-Byrne foretold of this and also predicted a big rally would come out of it. Been looking for gold miner opportunities today but not much presenting, put a bid in for a few more $KWR but that's it, still got a sitting bid for more $HRZ, not that my thesis for these is looking great at the moment.

GLD (usd) All Data Daily, 50,200 dma
big - 2020-11-25T123229.425.gif
 
I have not posted today as I've become somewhat bearish on Gold in the short term and am partly liquid and partly of the sober inclination.

gg
 
www.kitco.com

The Czech National Bank plan to go on a gold buying spree

(Kitco News) - The new governor of the Czech National Bank (CNB), Aleš Michl, said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank’s foreign exchange reserves management team to invest in stocks.
www.kitco.com
The CNB hopes to increase its precious metal holdings from the current 11 tonnes to 100 tonnes or even more. However, this will be done gradually, the incoming governor noted.
 
noirua said:
www.kitco.com

The Czech National Bank plan to go on a gold buying spree

(Kitco News) - The new governor of the Czech National Bank (CNB), Aleš Michl, said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank’s foreign exchange reserves management team to invest in stocks.
www.kitco.com
The CNB hopes to increase its precious metal holdings from the current 11 tonnes to 100 tonnes or even more. However, this will be done gradually, the incoming governor noted.
Click to expand...
Talk is Cheap!
What a lot of Palaver
What does he expect us to do
Go out and buy GOLD so that he can buy dearer?

Wake up! XYZ Yacht.GIF
Everybody is a Salesman!
 
noirua said:
www.kitco.com

The Czech National Bank plan to go on a gold buying spree

(Kitco News) - The new governor of the Czech National Bank (CNB), Aleš Michl, said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank’s foreign exchange reserves management team to invest in stocks.
www.kitco.com
The CNB hopes to increase its precious metal holdings from the current 11 tonnes to 100 tonnes or even more. However, this will be done gradually, the incoming governor noted.
Click to expand...
so is it one of few EU banks that is fiscally viable , or is it buying paper gold like several others seem to be doing ( in which case the national credit card works just fine )
 
divs4ever said:
so is it one of few EU banks that is fiscally viable , or is it buying paper gold like several others seem to be doing ( in which case the national credit card works just fine )
Click to expand...
Poland Etc Buying Gold in 2018 and 2019 does not guarantee the same results in the future
Sometimes you just have to read past the Headlines
 
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