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Gold Price - Where is it heading?

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eskys said:
Congratulations, gold stocks did well today......Pain or pleasure, we'll find out tomorrow/Monday morning.........have a great weekend, and everyone
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Suggest you try figure out your trading plan/strategy as what may work for me may not suit you & vice-versa (meanwhile, let's see how gold behaves tonight as to possibilities come Monday)
 
so what is the premium on physical ( delivered ) gold ??

you should not be looking at gold , but the drivers for paper gold prices have little to do with the demand for gold

now a gorilla playing is the US Fed ( either discretely , through futures contracts or proxies ) they need gold to LOOK weak , because one , they need to make the US dollar to look strong ( you can't really have the world reserve currency looking like confetti , can you ?? ) and two , they NEED to flush scared investors into US Treasuries ( because they have reduced/stopped buying them , and they were the buyer of last resort , so they need real patsies to fill the void )

now of course other players have similar aims and don't want the punters loaded up on ( physical ) gold and silver , they ( for example ) generate income from trading and management fees , if 50% of the market wealth is hidden under floorboards ...

now gold STOCKS face twin pressures , rising mining costs and paper ( contract ) price manipulation

i am looking for more downward pressure on gold stocks ( and hopefully finding more accumulation opportunities )
 
mullokintyre said:
Puts new meaning on that old joke about "people who live in grass huts should not stow thrones".
Mick
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Russia would be willing selling abandoned US weapons for gold , if the find is genuine ( that much actual gold is liable to foment regime change attempts )
 
if the ( US ) dollar looks like trash ( as some are claiming ) down goes the US economy and investors will flee entirely ( possibly into silver, gold and other durable commodities , like land and collectibles )
 
but that is because many other major currencies are even more tragic , i could become a world class sprinter if you amputated the legs off the rest of the world population ( and made them crawl )
 
qldfrog said:
Compare that to gold and commodities backed Rubble?
Worthless fiats are on the way to the abyss
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plenty of history to prove that

HOWEVER they try new ways to rebrand and trick us into a new fiat currency ( i am betting they will try a digital fiat , and hope we are too lazy to calculate numbers )
 
divs4ever said:
plenty of history to prove that

HOWEVER they try new ways to rebrand and trick us into a new fiat currency ( i am betting they will try a digital fiat , and hope we are too lazy to calculate numbers )
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A given..i sometimes wonder if the WEF will do their own crypto world dollar, remember the ECU before the Euro?
A balanced multination (western aka Reset) currency adding stability..or pseudo stability with a world wide control outside voters/gov interference.it is a dream for Davoz,and they just need to make sure it becomes people's dream too.
why would they waste a great opportunity: after covid,they could leverage inflation as well once it hurts population enough.
 
qldfrog said:
A given..i sometimes wonder if the WEF will do their own crypto world dollar, remember the ECU before the Euro?
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it will be a one world currency where it counts ( at the top of the pyramid ) and given the US Democrats obsession ( well at least Nancy Pelosi's ) very likely digital if all goes to ( their ) plan

if the top of the pyramid controls everything crypto is superfluous it will be straight credits in the account with all sorts of trackers and data wrap .

but pseudo stability is all it will be , because of human nature ( at the top of the pyramid )

i wonder what will happen to all that useless government when the plan is complete , automation will replace them so efficiently
 
And what would be the role of gold there.after all, China, India, Russia if not nuked,might still be around and may not be interested in WEF New$..gold could still play a role.
Overnight gold slightly down in USD, but USD was surging so stable or slight rise vs AUD I think.
 
if Russia is nuked so is half the known world , some nations 'into radioactive dust '

'dead hand' was activated at least two years back , the US has Joe Biden to handle an emergency , Russia has an automatic ( launch all ) system , i am GUESSING the major focus will be in the Northern Hemisphere , but Australia has a few prime targets

bear in mind the 20% of the US enriched uranium needs it imports from Russia comes from obsolete nuclear warheads and has done for several years now , and Russia and China have both improved their delivery systems

since the WEF is European-centric you would have thought they would have learned better from history , Europe has some excellent history of 'empires '

now the question is , IF the digital currency is installed , will the barter system flourish once more because you can bet they will start restricting purchases and sales , if so gold and silver ( and platinum ) with have a place in such a counter-culture ( highly illegal for the peasants of course , but look how effectively they have stopped cocaine and opium )

if you doubt Russia has the 'dead-man switch ' think logically Russia is almost self-sufficient it even sold Alaska to the US because it had so much land , whereas the US NEEDS resources ( and cheap labour ) to fill it's insatiable greed ( and most of Europe isn't much better ) Russia doesn't NEED the US or EU , but the US and EU NEED the Russian resources ( including the farmland ) ( that is why the West went after the neutron bomb , it wipes out the life but leaves most of the buildings and infrastructure intact ( and safe to use in a few years )
 
now this horrid scenario assumes India , Pakistan and North Korea won't launch their nukes

Israel probably will , UK and France almost certainly , and who knows who else is actually nuclear capable , especially if they go for 'dirty bombs ' ( ground level blasts as opposed to 'air-burst ' as used over Japan in WW2 )
 
so assuming the world regains some sanity , but let's the WEF crew take over anyway , i am guessing the traditional 'black market' will evolve ( very hard to penalize those who own NOTHING )
 
Yeah correct.. as AUD Gold price rose overnight to $2,653 +0.71%
 
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