Wonger

Ok your in the sweet shop and your excited looking at all the sweets as they look so damn tasty,, you chose your sweets and go to the counter only to find you lost your money on the way to the sweet shop, your now deflated, but it was avoidable if you had only done your homework and checked you still had your money before choosing your sweets!

I now predict that Gold will crash in excess of $1000 from here and it started today, see you at $400-$600 area guys and gals!

Lets hope you continue posting that chart for updates until $385 by the end of 2021 

The position will not be closed, it will be hedged, this will not even be considered under $2064

Been married 25 years and haven't been right once yet....

I just wish people would just have the balls to admit when they're wrong. After all, we're men and apparently we're wrong almost all the time😄

If you thinking of betting on this crash I hope you have an exit plan before everything is frozen up as thats whats going to happen your brokerage account will be frozen!

To answer a few quick questions, the bet is not what it seems to anyone not in the markets, because either party can simply hedge off the risk, I can simply sell put premium for the 1oz $1900 value and the other party can simply buy a $500 put for the 3oz $5700 value, this is obviously what I would do, Im not sure about the other party, its up to them, but i know what i would do, and your not paying me $500 are you, your paying me 1oz of Gold!
Im not long equities to hedge Short Gold futures, Ive been long equities via S&P 500 futures with a target that is very close, its so close 90% of the long position is now closed, were looking to Short equities right here, Gold and equities will soon collapse, sorry guys, but thats always been my view, were going into the abyss and as much as I like the shiny, its going to be taken down with everything else!  

I now predict that Gold will crash in excess of $1000 from here and it started today, see you at $400-$600 area guys and gals!

Im clearly asking you to explain yours as its made up nonsense!

@Wonger, wrong yet again.
On 14/05/2020 (2 months prior to your prediction on 14/07/2020) LBMA gold fix was £1,403.67. £1403.67 subtract your £21 equals £1382.67.
So your prediction for the gold price today is £1382.67, compared to actual price of £1440.59.
You missed it by a mile!

Im trying to inflate away the Debt😁

you mean you're still waiting to pay that £1 to your choice of charity?
(there must have been a really long queue for that charity  )
 
HH

Im trying to inflate away the Debt😁

Yes nice and simple will the LBMA on either fix quote below $500 before 31/12/2021 23.59 GMT😉

LBMA Gold Fix price either 10.30 or 15.00 GMT thank you

Yes nice and simple will the LBMA on either fix quote below $500 before 31/12/2021 23.59 GMT😉

Agreed and the reason it was spectacular (I was trading it) was the Commercial Banks pushed the Futures deeply negative which caught most traders in a trap and they suffered huge losses, guess who was on the other side of their trades? You guessed correct the same Commercial Banks, Oil Futures fell over a $100 in a few months and $56 in a single day on 20 April to deep negative territory of -$38 then a few weeks later its back at $40, this has nothing to do with fundamental value at all, you may consider your Gold is worth $1800 but there is nothing stopping the Commercial Banks pushing the price to $100 or $5000 next Month to benefit their positioning, there are no rules and the game is rigged 

No restrictions either Gold spot trades below $500 by the end of 2021 or it does not, its quite simple with no restrictions needed!

Support held and I was long Gold and Silver posted on here for all to see, the comedy is therefore on you my friend! 😁

So get ready everyone - to back up the "TRUCK" and load up on cheap Gold! 😉👍

I like your sense of humour anyway.

Your quite right as the price will probably overshoot to the downside below my target price of $385 that day 😁