Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

Ok your observations vs 1000s of years of proof. You're a...

First 111001 Last

Share
Profile

Follow
wallisd366

1,080 Posts.

172

06/07/22

14:09

Post #: 62401120
Share

Originally posted by AverageJoe: ↑

I went through the 2013 gold crash experience albeit a tiny exposure simply because I didn't know anything about gold and thought just using the lazy LTBH suffice. When an opportunity works this way one is a genius but when it doesn't, all it results is a very -ve experience and tends to change the mindset from riding the next trend to simply look at paper profit and proactively protect it.

I can't help now but to fear that $1676 could actually be tested in time, a repeat 2013 pattern of events perhaps, heaven forbid.

However, the o/n oil aggressive sell down together with the 10Y yield tapering off suggest the rapid IR hikes are controlling the demand side or another way of saying deflation. Should this occur with/without some form of QE if the Feds decides the crashing equity markets need more help again, gold may reverse the bearish sentiment.

I can't predict the future but my observation tells me the gold=inflation hedge is not a good way to explain gold fundamentals. Good luck to us.

Expand

Ok your observations vs 1000s of years of proof. You're a useless perma bear. Buy Gold to preserve your wealth.
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 15,429 more messages in this thread...

First 111001 Last

Add GOLD (COMEX) to my watchlist