I attempted to purchase 20 tons of gold to help push the price up, but my credit card stated I lacked the credit of anything above .00001 tons, or about 1/3rd of an oz. maybe next time ...
the 1/10th AGE I bought 2 months ago, even with it's premium is now break even to spot. 19.999997 tons more to go. when is the cork gonna' pop ?
My guess is when the bottle shatters from the small chip it has, grows and cracks, and leaves shards all over the floor.
BARRON's had Louise Yamada, technical analyst with a focus on gold and PMs since the 1980's, and she is looking for $2,500-$2,600. Gold has clearly broken out of a 3-year base...also of interest it's being used to hedge volatility since there are some anomalies with the VIX and S&P 500 traditional volatility hedges possibly related to depressed volatity from big ETF option sellers.
George Costanza: "I went over to Jerry's....Kramer and I had coffee at Monk's....I posted some stuff on CoinTalk....yada yada yada.....gold is now at $3,000."
We're gonna make millions off this gold thing, Jerry...millions, I tell ya... (if the dingo doesn't eat that baby, first...)
Market getting slammed, risk-off assets doing well.... and yet gold STILL recovering early losses and turning positive with higher yields and no rate cuts more likely.
There are indications that Wall Street is waking up on gold. More: https://www.kitco.com/news/article/...-supported-etf-selling-slows-two-year-low-wgc
It's no longer DEAD, but it's not like 1979-80 or even 2011-12. You'd need a move to $5,000 if not at least $3,000 to even be in the ballpark from an enthusiasm perspective. When CNBC shows are leading off talking about gold -- not a mid-show segment -- you'll be closer to a top. When you see people talking about how to buy bullion and mentioning Saints and Liberty's, that'll be a signal. We have a long way to go. The fundamentals for gold are very bullish longer-term.
Gold at $2423 right now and what's amazing is how fast the ticker keeps changing, there's a whole lot of excitement goin' on right now and $2500 ain't too far away!
That was a classic Friday afternoon liquidation before the weekend with geopolitical fears leading to a sell-off in all risk-assets. Of more importance was Goldman Sachs upping their year-end target by $400 to $2,700. My $3,000 by 2030 prediction would then be extremely conservative. Might have to bump it up. Still staying with $5,000 by 2035 PT.
Oh yeah, I have all the power! Gold has been breaking all time highs like crazy and it's not gonna stop, not anytime soon anyways! With everything that's going on in the world right now it's no shock that the supply and demand for gold is in a whirlwind of frenzy! Time will tell but I'm thinking the price of gold has more upward swing than anyone could ever imagine!
I'm saving up my pennies for another Gold purchase. Don't laugh, they're copper pennies and according to Etsy .. I'm rich. probably another 1/4 oz .. can't afford that 1oz'ers any more.