All the posts where people discuss their piles, breakfasts, interests of no interest to me usually clog up the FMG thread.So what does FMG stand for, F$#@ Me Garpal??
Mick
Hope you are right - about the gold bit I mean.All the posts where people discuss their piles, breakfasts, interests of no interest to me usually clog up the FMG thread.
They have now migrated to this Gold thread.
I believe my right big toenail needs trimming and that Gold is headed under $USD1900 tonight.
gg
Probably more correct about my right toenail.
Hope you are right - about the gold bit I mean.
mick
This is in large part due to the lack of spine by the Sydney cousins tasked with trading Gold during the New York night.Gold is neither here nor there atm
am thinking a disconnect rather than a transition , maybe a BRICS Curtain instead of an Iron or Bamboo Curtain this time , with MAYBE gold as the intermediate currency between the two economic systemsHave watched quite a few 'experts' talking about the shift away from USD as the reserve currency for everything. It's hard to see this transition happening overnight, but the BRICs seem pretty keen to follow this up, and obviously when a nation goes to war and the international community can turn off their access to Swift and freeze money in USD accounts then it's a worry for them. I think China will be much better prepared than Russia was before they invade Taiwan. Watch this space.
am surprised DB didn't tumble earlier ... too big to 'merge' maybe ?Gold at $2000 usd now. the banking system in America and Europe is in trouble. Interest rates have risen to steeply. Deutsche Bank looks like it’s in trouble next after Credit Suisse
i haven't been buying physical gold recently , only gold producers and other physical commodities , fearing governments will freeze ( and attempt to confiscate ) physical gold under some 'emergency directive 'Yes, well, everyone has bought gold during mid last year to last month, The Russian cousins, The Chinese cousins, the Saudi cousins, The Indian cousins and me.
As far as I know I'm the only one to have sold mine.
I believe the buying is over and the price may drift south in $USD and the latter will strengthen.
That is not to say there will not be a quid made out of Gold in $AUD. But it won't be easy.
gg
Good evening my friendi haven't been buying physical gold recently , only gold producers and other physical commodities , fearing governments will freeze ( and attempt to confiscate ) physical gold under some 'emergency directive '
that doesn't mean i won't swap my commodities for gold or silver in the future ( and stash it in unlikely place )
call me paranoid if you like , but i see the potential for bank withdrawal restrictions , and asset seizures
good eveningGood evening my friend
You need a rum
Kind regards
rcw1
Gold's fourth or possibly sixth attempt to go through the $2000-75 ish level. It's either a trigger for selling and taking profit, or if it goes through a risk of FOMO and a significant run. Come on gold, you can do it!
View attachment 154895
Might be self perpetuating. I buy now and put a sell order at 1999..pretty good odds..
Well I've been all cashed up for a while and awaitNah, eventually the buyers give up and it retreats further.
The final capitulation.
THEN we pile in.
Mick
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