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

at the end of the day it's all about where will all the wealth...

First 97857 Last

Share
Profile

Follow
moorpett

3,306 Posts.

299

14/07/21

09:27

Post #: 54484821
Share

Originally posted by slange: ↑

Well here we have the overnight action with the same nonsense with a failed initial smash then a bigger downward blast to achieve their goal of sub $1800 before allowing it to move back up.
Same with silver at $26. They are just taking the piss, while they can.

To the broader markets and Wells Fargo is pulling all its credit lines before the end of the moratorium on evictions and mortgage defaults at the end of the month. Looks like this is where the rubber meets the road.
Bond yields look to be just bouncing off of an oversold position at this stage.
The $usd remains elevated as it looks to test its previous swing high.
The gold / silver ratio is in the process of rearing its ugly head and is not far away from breaking higher.
If a liquidity crisis arrives then the $usd will almost certainly rise in value. We'll see how gold performs.
We'll also see what the next step of the psychos who are running the joint have planned for us peasants if the crisis is big enough.
Looks like a hiatus in regards to inflation may be arriving.

Expand

at the end of the day it's all about where will all the wealth get parked when the bubble burst's because i have never seen inflation without rising interest rates, so when a btc is $200k and gold is say $10k which would you pick.
2 Upvote

0 Great analysis

Reply

Top Stories

CBA breaks trading record on strong day for Aussie financials

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

As Nvidia cools, we're looking to Aussie AI

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

There are more pages in this discussion • 31,009 more messages in this thread...

First 97857 Last

Add GOLD (COMEX) to my watchlist