$1525 is "back down to earth"? Or are my quotes stale?
The GOLD scream room
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Re: The GOLD scream room
Down to earth but still a good price.
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Re: The GOLD scream room
$1548.
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Re: The GOLD scream room
Tied with Palladium.
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Re: The GOLD scream room
1555 says Apmex.
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Re: The GOLD scream room
"The growing demand for gold as a conductive metal used in phones and other electronic products has helped spawn a deadly illegal trade that’s harder to track than other black-market commodities like blood diamonds or drugs."
https://www.nytimes.com/2019/08/30/the- ... ombia.html
https://www.nytimes.com/2019/08/30/the- ... ombia.html
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Re: The GOLD scream room
If something is illegal, then criminals are the ones who will supply it.boglerdude wrote: ↑Thu Sep 05, 2019 3:59 am "The growing demand for gold as a conductive metal used in phones and other electronic products has helped spawn a deadly illegal trade that’s harder to track than other black-market commodities like blood diamonds or drugs."
https://www.nytimes.com/2019/08/30/the- ... ombia.html
In other news, water is wet.
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Re: The GOLD scream room
Once again, all is right with the world, US and China are going to meet...Groundhog Day.
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Yep, except instead of the same day over and over again, we're alternating between Groundhog Day and....let's call the other one Sweathog Day.Cortopassi wrote: ↑Thu Sep 05, 2019 8:17 am Once again, all is right with the world, US and China are going to meet...Groundhog Day.
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Re: The GOLD scream room
Very interesting!boglerdude wrote: ↑Thu Sep 05, 2019 3:59 am "The growing demand for gold as a conductive metal used in phones and other electronic products has helped spawn a deadly illegal trade that’s harder to track than other black-market commodities like blood diamonds or drugs."
https://www.nytimes.com/2019/08/30/the- ... ombia.html
I didn't understand your response to this one tech. In fact, reading up from the bottom of this page, I thought it was about drugs and not gold. Isn't it not a case of something being banned outright, but that there are illegal, unlicensed operations running alongside legal ones? And furthermore, it's happening in an environment where criminals are more powerful than a stable government.Libertarian666 wrote: ↑Thu Sep 05, 2019 6:36 am If something is illegal, then criminals are the ones who will supply it.
In other news, water is wet.
When something becomes very valuable, be it metal, oil, refined coca leaves or a rare and purportedly healthful fungus growing in Asia, criminals are going to get involved, parallel to legal suppliers which may or may not exist.
Re: The GOLD scream room
Gold and long Treasuries will be under assault for a while...Cortopassi wrote: ↑Thu Sep 05, 2019 8:17 am Once again, all is right with the world, US and China are going to meet...Groundhog Day.
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Re: The GOLD scream room
My response was to the implication that gold is somehow tainted by the fact that criminals are apparently involved in its extraction in Columbia. This is of course an absurd proposition.dualstow wrote: ↑Thu Sep 05, 2019 9:29 amVery interesting!boglerdude wrote: ↑Thu Sep 05, 2019 3:59 am "The growing demand for gold as a conductive metal used in phones and other electronic products has helped spawn a deadly illegal trade that’s harder to track than other black-market commodities like blood diamonds or drugs."
https://www.nytimes.com/2019/08/30/the- ... ombia.html
I didn't understand your response to this one tech. In fact, reading up from the bottom of this page, I thought it was about drugs and not gold. Isn't it not a case of something being banned outright, but that there are illegal, unlicensed operations running alongside legal ones? And furthermore, it's happening in an environment where criminals are more powerful than a stable government.Libertarian666 wrote: ↑Thu Sep 05, 2019 6:36 am If something is illegal, then criminals are the ones who will supply it.
In other news, water is wet.
When something becomes very valuable, be it metal, oil, refined coca leaves or a rare and purportedly healthful fungus growing in Asia, criminals are going to get involved, parallel to legal suppliers which may or may not exist.
Re: The GOLD scream room
"Assault" might be a bit extreme of a term. Both assets are due for a consolidation. This doesn't mean the long term uptrend is in danger for either. As we speak, even though both are having an ugly day, there is still 0 technical damage done to either chart. I don't see any need to provoke fear about both assets right now.ochotona wrote: ↑Thu Sep 05, 2019 9:40 amGold and long Treasuries will be under assault for a while...Cortopassi wrote: ↑Thu Sep 05, 2019 8:17 am Once again, all is right with the world, US and China are going to meet...Groundhog Day.
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Re: The GOLD scream room
I didnt read the article, but increasing non-monetary use of gold might screw with the PP philosophy?
Re: The GOLD scream room
I keep having purely good luck. Sold my Newmont Goldcorp and SIVR out of my HSA a few days ago, because am moving the HSA, but now prices are down, so I could rebuy at lower levels. Please don't recover before the cash moves over to Fidelity...
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Re: The GOLD scream room
*Could* or will? This was always my dilemma.
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Re: The GOLD scream room
‘Gold is the way to go’ as interest rates fall, says Mark Mobius
From here...
https://www.cnbc.com/2019/09/09/mark-mo ... rates.html
Mark Mobius, the founding partner of Mobius Capital Partners, recommends that investors hold 10% of their portfolios in physical gold, and invest the rest in dividend yielding equities.
In the first half of this year, central banks bought 374 metric tons of gold, according to the World Gold Council. That was the largest net increase for the first half of the year since at least 2000.
China’s central has been adding to its gold reserves for eight straight months since December, scooping up another 10 metric tons of the yellow metal in July, according to data from the People’s Bank of China.
From here...
https://www.cnbc.com/2019/09/09/mark-mo ... rates.html
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Re: The GOLD scream room
Gold has dipped below $1500 oz and silver has fallen below $18 oz. in overnight trading.
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Re: The GOLD scream room
Gold is quite volatile!
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Re: The GOLD scream room
Well, that didn't last long.
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Re: The GOLD scream room
Anyone buying physical metals over the weekend in response to recent events in the Middle East? I came close at least three times but held back.
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Re: The GOLD scream room
I would buy at 1300/oz. That has nothing to do with analysis (although you all know I’m a huge fan), but it would be a good spot for lowering my avg cost.Ad Orientem wrote: ↑Sun Sep 15, 2019 4:39 pm Anyone buying physical metals over the weekend in response to recent events in the Middle East? I came close at least three times but held back.
Hoping to be rid of my BP shares on Monday, but it probably won’t happen. KSA seems to have everything under control.
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Re: The GOLD scream room
If I (we?) have learned anything with gold over the past few years is that it reacts quickly to these types of world events, and reacts just as quickly back down. Not looking to day trade here! If gold hasn't hit bands or it's not my yearly rebalance, I am not trading. But that's me.dualstow wrote: ↑Sun Sep 15, 2019 5:27 pmI would buy at 1300/oz. That has nothing to do with analysis (although you all know I’m a huge fan), but it would be a good spot for lowering my avg cost.Ad Orientem wrote: ↑Sun Sep 15, 2019 4:39 pm Anyone buying physical metals over the weekend in response to recent events in the Middle East? I came close at least three times but held back.
Hoping to be rid of my BP shares on Monday, but it probably won’t happen. KSA seems to have everything under control.