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<p>[QUOTE="GoldFinger1969, post: 8190578, member: 73489"]Gold can't get out of it's own way....it doesn't go up when there's deflation or now inflation....BitCoin sucks $$$ from gold, now BitCoin collapses and gold still sucks....rates are being increased which is negative but when rates were being cut and negative, gold did nothing...Central Banks buy gold and it does nothing, now they are net sellers. Ditto SWFs, China, and India relative to past buying norms.</p><p><br /></p><p><u><b>Me personally ? I think we will see all of that as just wearing out the last of the bulls. This is how a bear market bottom is made. Not with a collapse in gold prices, but just a grind-it-out, Chinese Water Torture type of scraping the bottom in the $1,500 - $2,000 range.</b></u></p><p><br /></p><p>I still feel gold can make a move to $3,000 by 2024 or so.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 8190578, member: 73489"]Gold can't get out of it's own way....it doesn't go up when there's deflation or now inflation....BitCoin sucks $$$ from gold, now BitCoin collapses and gold still sucks....rates are being increased which is negative but when rates were being cut and negative, gold did nothing...Central Banks buy gold and it does nothing, now they are net sellers. Ditto SWFs, China, and India relative to past buying norms. [U][B]Me personally ? I think we will see all of that as just wearing out the last of the bulls. This is how a bear market bottom is made. Not with a collapse in gold prices, but just a grind-it-out, Chinese Water Torture type of scraping the bottom in the $1,500 - $2,000 range.[/B][/U] I still feel gold can make a move to $3,000 by 2024 or so.[/QUOTE]
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