Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

mohsinqureshii

Is This Good Time for Buy Gold Again???

Recommended Posts

Be careful with the "Gold will always go up" idea, Jimbo.

 

When I hear that, I think of selling.

 

Interesting times.

 

Indeed. We've seen it so many times now.

Crisis? What Crisis? If my banks debts are 5 bill, so what, central bank buys them with printed $. It's the only way out of the mess. It will continue till the debts are clear.

 

Until the debts are cleared, inflation rules and gold goes up.

Share this post


Link to post
Share on other sites

If all the world's central banks continue with their policy to inflate away debt and devalue currency (under the guise of stimulus), ALL tangible assets will ultimately go up in value. True, if there's some dodgy goings on in gold and silver etc. then there could be a crisis in supply and prices could rocket. But then ultimately there are bubbles like anything. There is a limited supply, but look what happened in Oil. $150 down to something like $35 (can't remember exactly but you get the picture I'm sure). My feeling is that gold could potentially be worth much much more but then I want to see the stock indices start to march their way to much higher levels too. The S&P 500 needs to start making new all-time highs and keep going. At this point, it's likely that gold will also move considerably higher. But for now, it could be that the market is quite long already all things considered.

Edited by TheNegotiator

Share this post


Link to post
Share on other sites

Remember that Gold is also a commodity, as well as being a store of wealth.

 

When traders get on the wrong side of a trade, they need to raise cash fast.

The quickest way is sell the most liquid asset in existence ... GOLD!

 

The other interesting theory is the "risk-on-risk-off" idea.

 

When things are "bad" (according to whom you may ask?) it's risk-off behaviour

for the markets - ie, "take-no-risks." That's the cue to purchase "safe" assets like

the USD, gold, CHF or the AUD as examples.

 

Monet needs a "safe-haven" in such times. But the market does not always act

predictably - sometimes they will sell gold in order to park money in the currencies.

Sometimes not.

 

When things are "rosy" (according to whom you may ask again?) and returning to

fun-fun-fun ... then it's risk-on behaviour for the markets - or "take-risks-again time."

 

Again - with markets being unpredictable, who knows whether gold will be bought or sold?

 

If you are going to trade gold, you will need very deep pockets, and a quick trigger

finger on the buy/sell button.

 

I discovered that you can not afford to take a bias on anything - gold does NOT always

go up in uncertain times. I let a very nice profit turn into a small loss, thinking that the

turn-around was just an hour away ... for over 72 hours!

 

Nope! That dog did not hunt! :crap:

Share this post


Link to post
Share on other sites
...I discovered that you can not afford to take a bias on anything - gold does NOT always go up in uncertain times......

 

that is so correct...we have to trade the markets as they are, not as they should be.

Share this post


Link to post
Share on other sites
If all the world's central banks continue with their policy to inflate away debt and devalue currency (under the guise of stimulus), ALL tangible assets will ultimately go up in value. True, if there's some dodgy goings on in gold and silver etc. then there could be a crisis in supply and prices could rocket. But then ultimately there are bubbles like anything. There is a limited supply, but look what happened in Oil. $150 down to something like $35 (can't remember exactly but you get the picture I'm sure). My feeling is that gold could potentially be worth much much more but then I want to see the stock indices start to march their way to much higher levels too. The S&P 500 needs to start making new all-time highs and keep going. At this point, it's likely that gold will also move considerably higher. But for now, it could be that the market is quite long already all things considered.

 

Agreed. Inflation due to printing will affect all asset classes.

Oil is not the same as gold tho. That is manipulated at least as much as fiat currency. You only have to look at the Saudis and the OPEC cartel.

Gold can be manipulated short term by futures markets and liquidation to raise capital. But can't be manipulated long term, as there is limited supply and is getting more and more expensive to produce.

Share this post


Link to post
Share on other sites
....But can't be manipulated long term, as there is limited supply and is getting more and more expensive to produce.

 

but increasing prices make it possible to use the sources which was not considered profitable before...4 years ago it was 850..now it is 1750

Share this post


Link to post
Share on other sites
but increasing prices make it possible to use the sources which was not considered profitable before...4 years ago it was 850..now it is 1750
Which means its price can not be manipulated down - no one is going to enter into a contract to sell gold at a cheaper price that they bought/produced it.

 

There will be limits to that.

 

But I know some bears are going to be caught one day (JP Morgan) and to cover their shorts they are going to have to buy gold at a loss ... I hope I see that ... what Schadenfreude!

 

:applaud:

 

PS - and if it can happen in the Silver market, then Gold is certainly not immune to some of it too!

 

http://moneymorning.com/2012/08/08/cftcs-chilton-assures-silver-price-manipulation-probe-not-over/

Share this post


Link to post
Share on other sites
Which means its price can not be manipulated down - no one is going to enter into a contract to sell gold at a cheaper price that they bought/produced it.

 

There will be limits to that.

 

But I know some bears are going to be caught one day (JP Morgan) and to cover their shorts they are going to have to buy gold at a loss ... I hope I see that ... what Schadenfreude!

 

:applaud:

 

PS - and if it can happen in the Silver market, then Gold is certainly not immune to some of it too!

 

CFTC

 

going against Chinese wealth would not be wise ;)

imvho I do not think we will ever see gold around that 850 levels, unless there is an extraordinary drop in human population...of course I may be wrong...

 

that news says they have been probing for 4 years...that did not sound so right ;)

Share this post


Link to post
Share on other sites
Agreed. Inflation due to printing will affect all asset classes.

 

Well, could you pls explain?

What I see is CBs, printing money and giving it to commercial banks. And commercial banks don't flow them into the real economy, preferring to sit on piles of cash.

So how can inflation go up without money money supply growth?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.