Gold News from Kitco! Will gold continue to go up??

Dumb question here I know, but I gotta put a hook right here or some will ignore this thread! What are your people telling you all about the price of gold? I know some of y'all know people in stocks and bonds, so what are they saying? Check out Kitco today! Are you buying right now? Selling, or holding for a bigger and better day?

https://www.kitco.com/news/video/sh...w.kitco.com/news/video/latest?show=Kitco-NEWS

 

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Now you went and did it. @myownprivy is going to get all worked up.

 

I know all this is exciting to watch. But man it has risen far too fast for this to have any lasting effect. Not buying or selling. Just sitting tight.

 

I don't have much in the way of gold but if silver hits $30.00 I'll sell some. Right now the stock market is just bat crap crazy. Information overload going on now and hard to keep up with it all.

 

I had to replace the sewer line from my (Early 1950's) home to the street a while back, so I ended up selling off 2 raw Saints this July, a 1911-D & a 1924-P XF condition. Needed to replenish my sagging checking account. I made a good profit on these 2 and I'm sure both buyers are very pleased w/ their purchases, now, more than ever.
It's great when EVERYONE is happy!
J.T.

 

Maybe I'll spring for a crystal ball from China! Hope I don't have to pay the tariff on it!

https://www.ebay.com/itm/Clear-Glas...=263834929511a6e192bc4e2640928c54903e750ec46d

 

Has Kitco ever had a negative outlook news/article on Gold ?

 

It’s sure pulled back over the past week or
So, that much I do know !

 

I believe gold will continue go up. Modern World slabbed gold in high demand.

 

What percent of holders who recently purchased gold or silver do you think sold at the recent peak, and what % hung on because it is going much higher
( Darn JPMorgan !!)?

 

Hello Group,
I hope that those individuals who needed extra cash for fix-ups, like myself, or perhaps other 'cash emergencies' were able to sell recently at a decent profit. I was a little early on my timing, but as they say, 'no one ever went broke selling for a profit'.
I sold the only 2 pieces in my collection that were not slabbed & continue to hold on to the remaining pieces that are!
Metals continue to ride the roller-coaster and I would recommend to anyone holding either gold or silver, unless you really need the 'dough-ray-me', just continue to enjoy the ride.
My 2 Centavos,
J.T.P.

 

I dont know about the rest of you, but getting a little worried on the trend currently
at $1,500 and dropping, its time to go run and hide...LOL

 

Gold bullion (in Dollar terms) is a long-term short play on the U.S. Dollar. It makes more sense (to me) to use options for short-term positions.

 

When it hits $875 per ounce then I'll be in the red. However, In the scheme of things, 25 ounces is not exactly Ft. Knox & Meanwhile I gets me to enjoys the beauty of the coinage....A-Yuck!

 

Fed rates staying down for awhile. Cheap to hold.

 

Hmmm, wonder where the charts have gone , now that gold isn't being pumped. How long does it stay negative charters???

 

The PM's will continue to rise as long as investors have a fear of recession.

 

Yeah, or using overpriced dollars to buy undervalued foreign equities. When it corrects you not only increase principal, but the dividend cash flow improves.

 

Which currency are you referring to? The increases are different in US$, CDN$, China R, Mex $, etc.

 

As someone who has worked in the financial markets for 30+ years, I can tell you that NOBODY knows where gold is going to trade.

It's a commodity that does not trade on funamental values, like stocks or bonds.

It can be affected by everything from interest rates to central bank selling.