Time To Buy Gold?

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  • Vendot
    Confirmed User
    • May 2002
    • 3376

    #1

    News Time To Buy Gold?

    Well that was a quick move, we're barely a month into 2016 and Gold is up 13% touching $1200 yesterday. It looks like the USD is backing off somewhat as further rate hikes may not happen:

    http://www.cnbc.com/2016/02/08/techn...is-coming.html

    Also, after Japan, Sweden and Swiss adopted negative interest rates, there's now some serious talk about implementing Negative Interest Rates in the US if there's a recession:

    Will the Fed Go Negative on Rates?

    I doubt, as the anchor says, you could go -10% interest rates and people won't yank their cash out of the bank.
    "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell
  • nico-t
    emperor of my world
    • Aug 2004
    • 29903

    #2


    Comment

    • GFED
      Confirmed User
      • May 2002
      • 8121

      #3


      IMO gold is reversing and yes, it's time to start buying.

      It's currently overbought and I expect some profit taking this week.
      I'm expecting a pullback to ~1156 level to make a higher low before I add to my position.


      BUY GOLD!!!

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      • wehateporn
        Promoting Debate on GFY
        • Apr 2007
        • 27176

        #4

        Comment

        • EddyTheDog
          Just Doing My Own Thing
          • Jan 2011
          • 25433

          #5
          From what I can see it's always the time to buy gold...

          Comment

          • GFED
            Confirmed User
            • May 2002
            • 8121

            #6
            Originally posted by Vendot
            Well that was a quick move, we're barely a month into 2016 and Gold is up 13% touching $1200 yesterday. It looks like the USD is backing off somewhat as further rate hikes may not happen:

            http://www.cnbc.com/2016/02/08/techn...is-coming.html

            Also, after Japan, Sweden and Swiss adopted negative interest rates, there's now some serious talk about implementing Negative Interest Rates in the US if there's a recession:

            Will the Fed Go Negative on Rates?

            I doubt, as the anchor says, you could go -10% interest rates and people won't yank their cash out of the bank.
            WE WANT the dollar to fall. It's had an adverse effect on multinational companies and exports. Expect more strength in the DOW stocks as it falls. Look for good dividend paying companies. Sectors are shifting into industrial, basic material, energy, transports.
            https://www.flow.page/savethechildren

            Comment

            • Vendot
              Confirmed User
              • May 2002
              • 3376

              #7
              Originally posted by GFED
              WE WANT the dollar to fall. It's had an adverse effect on multinational companies and exports. Expect more strength in the DOW stocks as it fall.
              Absolutely agree. Strong dollar has been a big problem for MNC/exports but of course, you could only get a strong dollar with a narrative on rates going up. Now that the rug has been pulled, the dollar can slip back a bit and that will be supportive.

              However, obviously it could also potentially be good for gold, at least for a while.
              "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

              Comment

              • MikeAMS
                Confirmed User
                • Sep 2015
                • 364

                #8
                Originally posted by wehateporn
                Nice! this was 2 streets away from my home
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                • GFED
                  Confirmed User
                  • May 2002
                  • 8121

                  #9
                  Originally posted by Vendot
                  Absolutely agree. Strong dollar has been a big problem for MNC/exports but of course, you could only get a strong dollar with a narrative on rates going up. Now that the rug has been pulled, the dollar can slip back a bit and that will be supportive.

                  However, obviously it could also potentially be good for gold, at least for a while.
                  DIA pays a 3% dividend yield at 163. It's a buy at and under that level. We should see some divergence in the indexes as we did with IWM all of last year.
                  https://www.flow.page/savethechildren

                  Comment

                  • Vendot
                    Confirmed User
                    • May 2002
                    • 3376

                    #10
                    Originally posted by GFED
                    DIA pays a 3% dividend yield at 163. It's a buy at and under that level. We should see some divergence in the indexes as we did with IWM all of last year.
                    Here's my issue with Gold:

                    Gold usually rises during Indian wedding season and into Chinese New Year and then falls off in the summer. As gold is relatively low and physical demand relatively high, that could continue into the summer if markets sell off even more which they may well do (Sell in May etc).

                    Then my thinking is that (unusually) gold could peak during the summer as the dollar is weakened but that weak dollar could give the economy a year end boost which in turn would boost the stock market and the dollar, and crush gold.

                    So Gold could rise into summer only and drop off at year end. Am I wrong?
                    "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                    Comment

                    • NakedWomenTime
                      Confirmed User
                      • Oct 2015
                      • 564

                      #11
                      I would always bear in mind that gold is a market that is very manipulated by Central Banks, so it's hard to make rational judgments. That said, holding paper currency is set to get more risky, so the prospects for gold do look good.
                      bbNaked | Naked Women Time | Naked Women Time Blog

                      Comment

                      • slapass
                        Too lazy to set a custom title
                        • Nov 2002
                        • 14625

                        #12
                        Originally posted by GFED
                        WE WANT the dollar to fall. It's had an adverse effect on multinational companies and exports. Expect more strength in the DOW stocks as it falls. Look for good dividend paying companies. Sectors are shifting into industrial, basic material, energy, transports.
                        If the dollar falls then gold goes up. But this is true for almost everything so why buy gold that doesn't have a return?

                        Comment

                        • Vendot
                          Confirmed User
                          • May 2002
                          • 3376

                          #13
                          Originally posted by slapass
                          If the dollar falls then gold goes up. But this is true for almost everything so why buy gold that doesn't have a return?
                          It's one of very few assets that have almost zero counter-party risk if you hold it in a physical form. However, its not totally inverse to the dollar and it does give a return based on demand and supply fundamentals. It just doesn't pay any dividend but then nor do many stocks.
                          "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                          Comment

                          • Sarn
                            WW3
                            • Sep 2015
                            • 12405

                            #14
                            Gold go over the oil as all resource markets.
                            ----

                            Comment

                            • #23
                              So Fucking Banned
                              • Jan 2016
                              • 555

                              #15
                              Gold is great!

                              Comment

                              • Sednub997
                                Naked in my bathroom
                                • Dec 2008
                                • 6174

                                #16
                                Yea i would rather buy gold then stocks on the market



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                                • crockett
                                  in a van by the river
                                  • May 2003
                                  • 76818

                                  #17
                                  Fuck gold, I buy denim. It should be classified as a commodity..
                                  In November, you can vote for America's next president or its first dictator.

                                  Comment

                                  • wehateporn
                                    Promoting Debate on GFY
                                    • Apr 2007
                                    • 27176

                                    #18
                                    Originally posted by Mikey Verotel
                                    Nice! this was 2 streets away from my home
                                    Is that in Holland?

                                    Comment

                                    • wehateporn
                                      Promoting Debate on GFY
                                      • Apr 2007
                                      • 27176

                                      #19
                                      Originally posted by crockett
                                      Fuck gold, I buy denim. It should be classified as a commodity..
                                      Lego is the one to go for

                                      Comment

                                      • Barry-xlovecam
                                        It's 42
                                        • Jun 2010
                                        • 18083

                                        #20
                                        The time to buy gold was 3 weeks ago so you could sell it to the sheeple as it rises

                                        Comment

                                        • sandman!
                                          Icq: 14420613
                                          • Mar 2001
                                          • 15431

                                          #21
                                          i think gold will have a good run in 2016
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                                          • mce
                                            Confirmed User
                                            • Jun 2012
                                            • 3915

                                            #22
                                            Considering how often and how INTENSIVELY central banks INTERVENE in finance markets, GOLD is a losing proposition.

                                            True story.

                                            You're better off using a VOLATILITY TRADING STRATEGY. For example: Making Money When the Stock Market is Crashing is Easier Than You Think ? Stock news That Matters

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                                            • RummyBoy
                                              Confirmed User
                                              • Dec 2009
                                              • 2157

                                              #23
                                              Originally posted by #23
                                              Gold is great!
                                              Aloha Apmex! Aloha Apmex!

                                              Comment

                                              • VikingMan
                                                Exploiting human weakness
                                                • Jan 2008
                                                • 6862

                                                #24
                                                Get gold eagles and or Krugerrands and then get some of the other metals in coin form as well.

                                                Also in many countries you can just go to a local bank and buy coins. Regardless of where you buy the coins make sure to ask them about their policy about buying coins with defects. Some small dealers may not pay full price if there are dents. Most big dealers don't seem to care about defects at all. Krugerrands tend to have more dings due to age but it is an allow so they are rare although there may be a tiny amount of wear from handling.

                                                South African Gold Krugerrand 1 oz - Great National Pricing

                                                American Gold Eagle 1 oz - Great National Pricing

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                                                • mce
                                                  Confirmed User
                                                  • Jun 2012
                                                  • 3915

                                                  #25
                                                  If only the global economy RAN on REAL VALUE

                                                  Then and only then would using COMMODITIES and CLASSIC STORES OF VALUE like Gold make sense......

                                                  Other than that, you gotta fight FIAT with FIAT

                                                  Pay Virtual Assistants Based on RESULTS instead of TIME
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                                                  • GFED
                                                    Confirmed User
                                                    • May 2002
                                                    • 8121

                                                    #26
                                                    fuck me... didn't even stall...
                                                    https://www.flow.page/savethechildren

                                                    Comment

                                                    • Vendot
                                                      Confirmed User
                                                      • May 2002
                                                      • 3376

                                                      #27
                                                      Originally posted by GFED
                                                      fuck me... didn't even stall...
                                                      Yeah well its been pushed down by false expectations for so long and demand has been really strong so it doesn't surprise me that upside pressure is quite high. You obviously watched yesterday's action with the same interest as I did because whenever the FED opens their mouth, doves fly out

                                                      The talk on negative interest rates has increased significantly and Janet Yellen addressed it last night. Also even though she said "FED is not likely to reverse course on interest rate rises" gold went up proving that the market doesn't believe her. You also have this thing about the banks selling off worse than 2008 crisis, causing a lot of fear in the markets.

                                                      So I think it might keep rising well into the summer (if markets continue to sell off) and then Gold sells off at year end instead when usually it would rise.
                                                      "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                                                      Comment

                                                      • Vendot
                                                        Confirmed User
                                                        • May 2002
                                                        • 3376

                                                        #28
                                                        I forgot to mention there is also another thing, Soros and Bass and others have taken out a big short on the RMB being devalued. There's a big expectation of this happening this year in China.

                                                        So in order to front run that, a lot of Chinese are buying gold right now aggressively.
                                                        "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                                                        Comment

                                                        • mineistaken
                                                          See signature :)
                                                          • Apr 2007
                                                          • 29656

                                                          #29
                                                          Originally posted by crockett
                                                          Fuck gold, I buy denim. It should be classified as a commodity..
                                                          graph of denim price movement please

                                                          Comment

                                                          • GFED
                                                            Confirmed User
                                                            • May 2002
                                                            • 8121

                                                            #30
                                                            fuck it, buying more now.

                                                            Shit is really gonna hit the fan when China opens next week.
                                                            https://www.flow.page/savethechildren

                                                            Comment

                                                            • GFED
                                                              Confirmed User
                                                              • May 2002
                                                              • 8121

                                                              #31
                                                              TLT, XLU... I expect these to get hit when interest rates rise...

                                                              thoughts?
                                                              https://www.flow.page/savethechildren

                                                              Comment

                                                              • Vendot
                                                                Confirmed User
                                                                • May 2002
                                                                • 3376

                                                                #32
                                                                Originally posted by GFED
                                                                fuck it, buying more now.

                                                                Shit is really gonna hit the fan when China opens next week.
                                                                What the fuck?

                                                                It was up 4% earlier (up $42 just for today)...... what did I miss?

                                                                You're right though, because there'll be a whole load of activity when Chinese New Year holiday ends on Monday and since China has capital controls and the dollar is falling, Gold is the most obvious option available to Chinese people.

                                                                TLT, XLU... I expect these to get hit when interest rates rise...
                                                                What makes you think they're gonna rise?
                                                                "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                                                                Comment

                                                                • GFED
                                                                  Confirmed User
                                                                  • May 2002
                                                                  • 8121

                                                                  #33
                                                                  Originally posted by Vendot
                                                                  What the fuck?

                                                                  It was up 4% earlier (up $42 just for today)...... what did I miss?



                                                                  What makes you think they're gonna rise?
                                                                  just from my understanding of the cycles and phases of recession. i could be wrong, i've only started on nov 2014.
                                                                  https://www.flow.page/savethechildren

                                                                  Comment

                                                                  • Vendot
                                                                    Confirmed User
                                                                    • May 2002
                                                                    • 3376

                                                                    #34
                                                                    Originally posted by GFED
                                                                    just from my understanding of the cycles and phases of recession. i could be wrong, i've only started on nov 2014.
                                                                    Well its possible for the FED to hike one more time like 0.25% since they don't want to lose credibility but if you look at the way the the numbers are coming out and the market is behaving they're expecting a higher probability of rates being cut and going negative. Negative rates is like the main topic of discussion on Bloomberg right now.

                                                                    The way Gold has moved over the last couple of weeks, it could erase all its USD losses over the last three years this year which means it could rise 40% this year and that would see over $1500/oz this year but I suspect it will sell off at year end if the dollar is weak enough by then.

                                                                    I doubt it will get that high but I mean, its possible. We're up 15% already in basically first six weeks (20% in some currencies) of the year so what does the rest of the year hold?
                                                                    "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                                                                    Comment

                                                                    • OneHungLo
                                                                      So Fucking Banned
                                                                      • May 2001
                                                                      • 40906

                                                                      #35
                                                                      Damn, I saw it was just up $43. Looks like another bloodbath on the market today.

                                                                      Comment

                                                                      • Vendot
                                                                        Confirmed User
                                                                        • May 2002
                                                                        • 3376

                                                                        #36
                                                                        Originally posted by OneHungLo
                                                                        Damn, I saw it was just up $43. Looks like another bloodbath on the market today.
                                                                        Last I checked, it was up $53 or 4.4% on the day.
                                                                        Pretty stunning one day move.

                                                                        A lot banks are under stress. I think Deutsche Bank share price fell lower than 2008 a few days back and i guess thats put some crisis fear into some.
                                                                        "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                                                                        Comment

                                                                        • GFED
                                                                          Confirmed User
                                                                          • May 2002
                                                                          • 8121

                                                                          #37
                                                                          fuck me, i put on a lot of verticals today... don't forget market is closed on monday... get your shit done by tomorrow!
                                                                          https://www.flow.page/savethechildren

                                                                          Comment

                                                                          • SAMANTAmax
                                                                            TieMeUp
                                                                            • Jul 2008
                                                                            • 7046

                                                                            #38
                                                                            Its always good to buy gold .. Second clever investment after buying real estate
                                                                            1million $ in a Month

                                                                            Comment

                                                                            • Vendot
                                                                              Confirmed User
                                                                              • May 2002
                                                                              • 3376

                                                                              #39
                                                                              Originally posted by GFED
                                                                              fuck me, i put on a lot of verticals today...
                                                                              Whats that? And whats going on?
                                                                              Looks like BofA said it could top $1550 this year.

                                                                              Last I checked gold was up over $60 and over 5% on the day - it should sell off tommorrow, technically.
                                                                              "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                                                                              Comment

                                                                              • GFED
                                                                                Confirmed User
                                                                                • May 2002
                                                                                • 8121

                                                                                #40
                                                                                Originally posted by Vendot
                                                                                Whats that? And whats going on?
                                                                                Looks like BofA said it could top $1550 this year.

                                                                                Last I checked gold was up over $60 and over 5% on the day.
                                                                                limiting losses from any large market swings during the weekend... also placed another order for physical gold this morning.
                                                                                https://www.flow.page/savethechildren

                                                                                Comment

                                                                                • Sednub997
                                                                                  Naked in my bathroom
                                                                                  • Dec 2008
                                                                                  • 6174

                                                                                  #41
                                                                                  Not buying gold im till investing in porn



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                                                                                  • OneHungLo
                                                                                    So Fucking Banned
                                                                                    • May 2001
                                                                                    • 40906

                                                                                    #42
                                                                                    Originally posted by GFED
                                                                                    limiting losses from any large market swings during the weekend... also placed another order for physical gold this morning.
                                                                                    Physical gold, that's all I have. I bought a lot back in '06 when it was $550 and some more last year when it was around $1200. It has been a great investment for me.

                                                                                    Comment

                                                                                    • VikingMan
                                                                                      Exploiting human weakness
                                                                                      • Jan 2008
                                                                                      • 6862

                                                                                      #43
                                                                                      A rush to gold could be very temporary or it could be the time when things are beginning to shift. I would say it is about time. Gold will eventually rise to bizarre levels so even if you are buying now it will be cheap. However you might have to hold it for a while (years) to see those bizarre levels. If gold is ever used to back or partially back any big currencies then it could get in the bizarre range easily.

                                                                                      We are getting closer to the big shift to be fully realized by the average potato head. Ten years from now we won't be able to just go out and make tons of money off of throngs of spoiled mono-lingual fat lazy dumbed down sports score checking consumers who are enabled by tons of easy and cheap credit. Those days are over...almost. So regardless if you are rich or poor you should be mentally and physically preparing for a different type of economy. Going out and buying a new home right now is about the dumbest thing you could do aside from "investing" in some vapid tech stock.

                                                                                      Comment

                                                                                      • mce
                                                                                        Confirmed User
                                                                                        • Jun 2012
                                                                                        • 3915

                                                                                        #44
                                                                                        Expect Central Banks to make noises yet another STIMULUS PROGRAM

                                                                                        Expect this gold rally (like other rallies before it) to FIZZLE OUT.

                                                                                        The only way GOLD will STAY UP is if there's a BLACK SWAN event.

                                                                                        Pay Virtual Assistants Based on RESULTS instead of TIME
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                                                                                        • James - Mr. Skin
                                                                                          Confirmed User
                                                                                          • Jun 2012
                                                                                          • 737

                                                                                          #45
                                                                                          Good or bad, keep buying!

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                                                                                          • 2MuchMark
                                                                                            Mark of 2Much.net
                                                                                            • Aug 2004
                                                                                            • 50988

                                                                                            #46
                                                                                            Wouldn't it make more sense to buy, or prepare to buy, stocks in oil? Of course its falling and continuing to fall but it probably will start turning around soon.

                                                                                            Comment

                                                                                            • GFED
                                                                                              Confirmed User
                                                                                              • May 2002
                                                                                              • 8121

                                                                                              #47
                                                                                              Originally posted by MarkPrince
                                                                                              Wouldn't it make more sense to buy, or prepare to buy, stocks in oil? Of course its falling and continuing to fall but it probably will start turning around soon.
                                                                                              Yes, watching oil and biotechs. More sense? Nah, good level to buy metals and good momentum...
                                                                                              https://www.flow.page/savethechildren

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                                                                                              • crockett
                                                                                                in a van by the river
                                                                                                • May 2003
                                                                                                • 76818

                                                                                                #48
                                                                                                Originally posted by mineistaken
                                                                                                graph of denim price movement please
                                                                                                Sorry, no graphs I just buy for $5-7 and sell for $20-40 on average.
                                                                                                In November, you can vote for America's next president or its first dictator.

                                                                                                Comment

                                                                                                • GFED
                                                                                                  Confirmed User
                                                                                                  • May 2002
                                                                                                  • 8121

                                                                                                  #49

                                                                                                  Unloading half of my position around 1400... should see a lot of selling there...
                                                                                                  the worst thing you can do is hold onto shit too long.
                                                                                                  you buy with the intention to sell.
                                                                                                  https://www.flow.page/savethechildren

                                                                                                  Comment

                                                                                                  • RummyBoy
                                                                                                    Confirmed User
                                                                                                    • Dec 2009
                                                                                                    • 2157

                                                                                                    #50
                                                                                                    Originally posted by mce
                                                                                                    Expect this gold rally (like other rallies before it) to FIZZLE OUT.
                                                                                                    So what's your year end price prediction for gold?

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