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

gold, page-86331

First 86331 Last

Share
Profile

Follow
yttocs

555 Posts.

65

27/09/20

20:12

Post #: 47662697
Share

Originally posted by timbuckley: ↑

Actually to be a 1%er on the planet right now is $10Million USD Nett worth. Thats the bar people.

PF - 100 thumbs Up for that post.

I expect volatility to rise as markets move into Oct and the US elections.
I also expect markets to react big time to the result with 3 outcomes possible - either a clear winner either way and admitted defeat by the loser or a 3rd possibility of various results in separate states being taken to court/not accepted by the loser. etc etc. Just the possibility of that could drive markets lower as markets dont like uncertainty and a lot of people will sell now and wait for the result happy to sit on the sidelines either way. Whether 100% out or just less exposed, the path of least resistance over the next 8 weeks is likely to be down for markets overall.
Added to that, USD strength as the flip side of the above, USD POG should also see weakness. IMHO
Either way, the next 2 months will be interesting and those in the market on the correct side of the result could do well, Risk/Reward would have to suck tho.

Expand

No that is not the bar. If you are middle class in any western country or certain other countries you are by a long way wealthier than the other 99% combined. The metrics of such are not merely net worth
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 40,846 more messages in this thread...

First 86331 Last

Add GOLD (COMEX) to my watchlist