Here's what so and so is saying below on Kitco! I wouldn't count on it but you never know, I certainly can't call it, how about you?? Personally, I've never heard of them but all I own is a couple of Dos Pesos Gold coins, so what do I know! j/k ------------------------------------------------------ News Bites 'We expect a considerable drop in gold prices', says ABN Amro Anna Golubova Monday June 01, 2020 16:57 Kitco News Share this article: Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) Gold positioning remains very crowded, according to ABM Amro, which is why the Dutch bank is not recommending re-entering long gold positions at the moment. “We continue to think that positions are too crowded and that prices are too high to recommend re-entering longs,” ABN Amro precious metals analyst Georgette Boele wrote in a report last week. Sponsored By Banyan Hill Publishing Alarming Video Proves Biggest Crash in History Could Be Coming Former U.S. congressman comes out of retirement to make controversial prediction that the stock market will crash 70%. See his proof and prepare to act fast… The bank is projecting a major drop in gold prices within the next three months, citing another risk-off wave in financial markets. ABN Amro’s outlook has gold ending Q2 at $1,725 an ounce. “We also expect a considerable drop in gold prices,” Boele said. “Between now and 3 months we expect another risk-off wave in financial markets. We think that investors will close part of their positions (ETF and/or speculative positions) in gold, silver and platinum.” https://www.kitco.com/news/2020-06-...erable-drop-in-gold-prices-says-ABN-Amro.html
Howdy folks, Here's one that came indirectly from Pat Heller of Liberty and a frequent writer for Numismatic News. https://goldswitzerland.com/silver-...-MEAlFhw8hNN92SR_KMaJpoccJVwDFF32IianRVkmqYwM My guess is the future lies somewhere in between. teehehe peace, rono
Wow, they reached really far back for that story! We never know, truly PM's are a bit of a gamble but I'll stick with it! Luckily I love gold!
Interesting take by Egon von Greyerz. I was a history major in college and will keep an eye on his twitter. If he's right about a silver explosion to $50 he'll likely be replacing the great Egon Spengler an my new favorite Egon.
Actually I was thinking gold would have already hit $1750 for two weeks but it hasn't happened yet. It will, it will just take longer than I thought!
Gold is going to drop and silver is about to take off. Where have I heard that before ? Translation --- Sell us your gold at today's prices and take all this silver off our hands ( before it takes off you know )
It looks like gold is flowing into the Comex to ease pressure on options contracts. Gold may crash...but not this month. https://www.reuters.com/article/us-...ockpile-eases-fear-of-shortages-idUSKBN21L2DK
I sure hope it crashes. I haven't bought any over about $1400 spot. I would like to Scrooge Mcduck some more. I hope it all comes tumbling down so I can get a larger share. I am not a good bug, but like collecting some coin designs only found on gold.
How many times I have heard these stupid predictions that Gold is gonna crash or the stock market is "gonna fall 70%", which with all the stop loss measures in place would be impossible anyway. Constant stupid predictions which always conviently ignore the fact that they are always wrong. The only thing that seems to crash hard for long periods is silver. The most hyped asset in the history of the world.
Not nearly as many times as you've heard and will continue to hear, 'honor your commitment to @Garlicus and pay your debts you thief'.
Yep, always great news but I'm still waiting for this drop in the hopes that I can buy more! Honestly, I don't think it will drop substantially but we'll see!
Well, Monday’s stock futures ain’t looking too swooft. If a typical Recent pattern holds, gold will get a boost.
