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Old 08-14-2019, 04:41 AM   #161
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Well its looking like they want it capped at $1500
Yesterday it was suddenly dropped from $1532 to $1486 which is a big movement and doesnt seem to have received much comment.

Turd reckons $1520 is an important technical level that they will defend.
Yesterday looks like confirmation of this.

I have mixed views, as it all seemed to be ramping up rather quickly ( too quickly ) and needed time to consolidate.

Perhaps now is time to pause and let the volatility emigrate to the crypto playground ?
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Old 08-14-2019, 08:23 AM   #162
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Originally Posted by rblong2us View Post:
...
I have mixed views, as it all seemed to be ramping up rather quickly ( too quickly ) and needed time to consolidate.
...
Jim Rogers said in that video posted the other day that he is waiting for gold to have a correction before he resumes buying more even though he expects gold to rise further. I don't have a huge wad of cash waiting on the sidelines to pounce on a low price. I just buy when I can and I'm happy to never sell it in my lifetime if I'm lucky.
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Old 09-03-2019, 01:20 PM   #163
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$1520 in the rear view mirror?
Starting to look like it (-:
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Old 09-07-2019, 07:36 AM   #164
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So what happened?
Gold down £ 50 in a day...
Ok it went up £25 first but such a large drop in gold and silver apparently because of a rumor that the US and China will resume trade talks?
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Old 09-09-2019, 07:15 AM   #165
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Well, you can't expect the metals to go straight up. There will always be some "corrections". I don't know what moves the paper markets day to day, but currency crises can only have one outcome, so I'm not worried about the future price of gold.
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Old 10-02-2019, 08:42 AM   #166
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Quote :
... precious metals were pummeled lower the last few days, breaking back down below $1500...

The question on many investors minds is...why?

The answer is surprisingly simple... China's Golden Week Holiday.
...
As of Tuesday, China will be on vacation for its Golden Week National Holiday and this weakness appears to be traders front-running the traditional chaos that the rest of the world plays when China leaves the playing field.

China will be back in business on October 9th, and that means the Shanghai Gold Exchange, which opened in 2015 to counter Western manipulation of precious metals, will likely help re-balance prices to where they were before this recent takedown.

We could be wrong, but something tells us gold and silver prices won’t stay this low for much longer and that they could well see a complete turnaround when China reopens on October 9th.
https://www.zerohedge.com/commoditie...ecent-weakness
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Old 10-02-2019, 10:35 AM   #167
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well its nearly back at $1500, so can we look forward to another push to 1550 when the Chinese are back in the market ?

and I smiled at this bit -

Quote :
the Shanghai Gold Exchange, which opened in 2015 to counter Western manipulation of precious metals
really ?
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Old 10-02-2019, 11:11 AM   #168
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ZH gonna ZH. In spite of their penchant for loading virtually every sentence with spin, there are nuggets in there worth considering. Yeah, it would appear that gold/silver are poised for some upside action next week.
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Old 10-10-2019, 10:44 AM   #169
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Well, the Shanghai Gold Exchange should be open again (as of yesterday). Not seeing a big upside movement in the gold price...
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Old 10-10-2019, 11:23 AM   #170
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looks like the monkees read the same article and were ready with a slam down )-:
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