Gold Monitoring Thread $ (USD) only

[Cointreau]

There seems to be a lot of trading activity going on. Much more than normal, which is not surprising really.

[Abyss]

A lot of trading on the futures market taking place today. My Chart on Gold GC J0 (Futures contract April 2020). Almost $150 dollar move up in price in Gold is rarely seen.

 

[Cointreau]

I will be watching out for any possible flash crashes tomorrow. I will be checking the price every 15 minutes. Bring it.

[Cointreau]

I wish BrotherJohnF was still doing his vids.

[Wonger]

https://www.reuters.com/article/us-gold-trading/gold-supply-fears-push-spot-prices-far-below-us-futures-idUSKBN21B2PT

Spot futures went $70 wide, we been selling June near $1700 LOL

[HelpingHands]

35 minutes ago, Cointreau said:

I wish BrotherJohnF was still doing his vids.

@Cointreau it looks like he is

https://www.youtube.com/user/BrotherJohnF/videos

 

[sixgun]

1 minute ago, cinereus said:

If the prices are decoupled, instead of banging on about it why aren't you making millions?

How do you know i'm not?

[sixgun]

5 minutes ago, cinereus said:

I'd bet a brit you're not.

Really - how much do you want to bet?

[vand]

7 year high USD closing price 

 

And the overwhelming majority of people still ignore this and cling onto their VTI fund (which OK, has bounced nicely today, but the long term Gold/Stock trend is clear).

[DarkChameleon]

9 minutes ago, vand said:

7 year high USD closing price 

 

And the overwhelming majority of people still ignore this and cling onto their VTI fund (which OK, has bounced nicely today, but the long term Gold/Stock trend is clear).

I'd be tempted to sellmygold but I'm not an idiot quite yet, given another 3 weeks cooped up in this house and maybe..lol.

[sixgun]

The video starts where Andrew Maguire explains what is going on in the spot and futures market.

 

[Minimalist]

Is that the Andrew Maguire Bill Murphy talked about when he went up to the CFTC? 

[sixgun]

2 minutes ago, Minimalist said:

Is that the Andrew Maguire Bill Murphy talked about when he went up to the CFTC? 

Yes

[Minimalist]

So basically McGuire is exposing the front running of the paper prices. Only the woken chose to accept this fact.

[Minimalist]

Truth is if the real price of gold was to be brought into the asceticist market then an oz would be no doubt in the hundreds of thousands.

[LawrenceChard]

12 hours ago, cinereus said:

If it's so well known that there's no flow of gold to the US, why have people been lapping up this story if it's so trivially refuted? @LawrenceChard?

Is it well known?

Is there no flow of gold to the U.S.? What and where are the facts and figures?

Have many people been lapping up the story?, and which story?

I rather reluctantly invested the time to watch the video clip. I would have much preferred to see it all in written words. As I was doing so, the feeling I got was there were some facts in there, but there was also a lot of hype and conspiracy theorism.

Words like ruse, desperation measure, conspire, scrabble to hold gold down, banking system broken, and more, presented as established facts.

I also wondered who the two people were, followed by what were they aiming to promote. A few minutes from the end, they revealed that it was for something called Kinesis Money, which I had never heard of before. Of course, this may have been stated at the beginning, but I never saw that.

I noticed that some of the talk used a "vault" backdrop, which appeared to have multiple impressive but very old-fashioned vault doors in sight. Although these circular doors with many large radial bolts look extremely impressive, most if not all of them date back to the days that the Hatton Garden Safe Deposit was constructed. 

Do I sound cynical? Yes!

[sovereignsteve]

3 minutes ago, LawrenceChard said:

something called Kinesis Money, which I had never heard of before.

there's a thread on here about that, @sixgun is a keen advocate

[sovereignsteve]

 

[LawrenceChard]

1 minute ago, sovereignsteve said:

there's a thread on here about that, @sixgun is a keen advocate

He may be right, and it may be a good product, but the video struck me as .999 hype.

[sixgun]

i posted the video for the comments Andrew Maguire - i am surprised Lawrence has not heard of Andrew Maguire. 

https://en.wikipedia.org/wiki/Andrew_Maguire_(whistleblower) 

[vand]

Gold USD heading for its highest close since March 2013

Its still early in this bull market. You ain't seen anything yet.  

[sixgun]

3 hours ago, vand said:

Gold USD heading for its highest close since March 2013

Its still early in this bull market. You ain't seen anything yet.  

Wrong, Wrong, Wong @vand - you should know by now gold is going down hard.

[vand]

More encouraging than just Gold bouncing, silver is rapidly clawing back its losses, and the mining sector has recovered very well from the selloff.

Anyone with exposure to the sector is well placed to outperform in the coming reflation.

[GoldenPhil]

Getting exciting.  Will gold break $1,700 an ounce?

 

When it does will it rocket? 

[Oldun]

Investible Gold market $1-2 Trillion vs Global Capital Stock $250-300 Trillion (equity + debt). When expected returns for stocks and bonds is high, gold does poorly. When they are low, gold outperforms everything else. GMO’s 7 year forecast has US large caps averaging -4.9% real returns and US bonds at -1.8%. Bottom line, when expected returns are low in other investments, gold is a steady store of value and when demand starts, it follows the same supply and demand issues that apply to all things that we are all well aware of.

Inflation and deflation are not really so much a part of the equation as people think. It is a question of being the least worst asset as returns from other assets decline. Then you have the demand.

 

Bear market stock market rallies have an average of 70 days and go up by and average of 22% before the rally ends and the market drops again to find a new low.

We are at 12 days and 25%.caveat, the market is designed to hurt the most number of people possible so dyod as this is about the who,e market not individual stocks.

Also, 10 year treasury bonds decline, gold gradually rises if you look from 2012 onwards as connected with above. We are also now in the area 1600-1900 where those who bought at the top almost a decade ago will be wanting to get out so we have to get through that first too.
 

 

Edited April 10, 2020 by Oldun