The GOLD scream room

[dualstow]

Here we go...

Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program...
https://www.cnbc.com/2020/03/15/federal ... ogram.html

Wow!

[Libertarian666]

this could go either way .... it basically is saying we are in deep doo doo ...

it could be bad for stocks and bad for gold and long term bonds ..... finding buyers at these rates may be tough for bonds ... and margin calls may see both hammered

I'm going to guess that gold is going to the moon after a possible dive due to margin calls on stocks.
Bonds, I don't know about, because the interest rate cut may be opposed by devaluation of the dollar.

[mathjak107]

Inflation worries for bonds ... I mean who wants to buy a 30 year bond paying 1.50% and the govt spending another almost trillion dollars

[mathjak107]

Gold opened up 24 ...stocks down 600

[Ad Orientem]

Gold opened up 24 ...stocks down 600

Stock futures have suspended trading... currently down 1041

[dualstow]

Aw, I should have ordered gold coins on Friday.

[Ad Orientem]

Aw, I should have ordered gold coins on Friday.

Thinking the same thing...

[mathjak107]

Looks like gold is sliding back ..only up 16.90 now on kitco down from 55..it wouldn’t surprise me to see it turn negative

[Libertarian666]

Looks like gold is sliding back ..only up 16.90 now on kitco down from 55..it wouldn’t surprise me to see it turn negative

These overnight markets in gold are very thin so we can't really have much confidence in their price discovery.

[pmward]

Looks like it's going to be an interesting day tomorrow. Crude is getting hammered again too. We will see though, the announcement coming today was a shocker, people may look at it differently after sleeping on it.

[mathjak107]

Looks like gold is sliding back ..only up 16.90 now on kitco down from 55..it wouldn’t surprise me to see it turn negative

These overnight markets in gold are very thin so we can't really have much confidence in their price discovery.

i just woke up and i thought gold would be soaring .. nope , up just 8 bucks. looks like TLT is getting the dough , up 3.12%

[Libertarian666]

Looks like gold is sliding back ..only up 16.90 now on kitco down from 55..it wouldn’t surprise me to see it turn negative

Right you were. Down $28.90, to 1501.

Wow, I was lucky to sell about 10% of my gold in the last couple of months!

[Cortopassi]

So mj, isn't this one of your buying opportunities time?

[Libertarian666]

So mj, isn't this one of your buying opportunities time?

$1454, down $75, at 6:50 Central time.

[mathjak107]

Well I bought Friday with it down almost 9% last week.

I will add another 50k today It I doubt I will add more if we fall. I will just sit with it. I had as much as 500k in it at one time.

gold is in a bad position lately ... it ran up from the fear ,, now lost it pretty much and then some from the sell off ... the dilemma is it is not doing well with fear high and it stands high odds of getting beat up as fear declines and equities at these levels become the golden child

[Lonestar]

Help me understand. A world crisis and the Fed basically announces another QE (assuming this weakens the dollar) and gold prices crater????

[Libertarian666]

Help me understand. A world crisis and the Fed basically announces another QE (assuming this weakens the dollar) and gold prices crater????

https://www.kitco.com/news/2020-03-16/G ... u-can.html

[Cortopassi]

Well I bought Friday with it down almost 9% last week.

I will add another 50k today It I doubt I will add more if we fall. I will just sit with it. I had as much as 500k in it at one time.

gold is in a bad position lately ... it ran up from the fear ,, now lost it pretty much and then some from the sell off ... the dilemma is it is not doing well with fear high and it stands high odds of getting beat up as fear declines and equities at these levels become the golden child

The question is how long. This is obviously not a one day terrorist event. This is a multi-month slow motion disaster that is going to put equities (and gold?) at levels likely unimaginable just a couple month ago. No where to hide except cash, and maybe, we'll see, bonds.

Lonestar, all I can say is if gold reacts, it isn't on a day by day basis. It should work out in the end, but you'll hate it along the way and lose confidence in it!

The ups and downs on all the assets is doing a really good job for me mentally to not give a crap about how one performs vs. the others.

[mathjak107]

Well I bought Friday with it down almost 9% last week.

I will add another 50k today I doubt I will add more if we fall. I will just sit with it. I had as much as 500k in it at one time.

gold is in a bad position lately ... it ran up from the fear ,, now lost it pretty much and then some from the sell off ... the dilemma is it is not doing well with fear high and it stands high odds of getting beat up as fear declines and equities at these levels become the golden child

The question is how long. This is obviously not a one day terrorist event. This is a multi-month slow motion disaster that is going to put equities (and gold?) at levels likely unimaginable just a couple month ago. No where to hide except cash, and maybe, we'll see, bonds.

Lonestar, all I can say is if gold reacts, it isn't on a day by day basis. It should work out in the end, but you'll hate it along the way and lose confidence in it!

The ups and downs on all the assets is doing a really good job for me mentally to not give a crap about how one performs vs. the others.

very true ... when even the supposed flight to safety assets suck there is little to watch or care about .....the profit i will see in TLT today on what i bought friday is like peeing in the ocean .

[dualstow]

#humblebrag

[mdwilson1991]

Help me understand. A world crisis and the Fed basically announces another QE (assuming this weakens the dollar) and gold prices crater????

This certainly seems like it would be one of those times that gold skyrockets. Instead the opposite.

Again, who can predict what will happen? Not many of us, for very long.

[Ad Orientem]

Gold trading around 1477 oz. I just ordered a krugerand because I couldn't stand it anymore.

[dualstow]

Gold trading around 1477 oz. I just ordered a krugerand because I couldn't stand it anymore.

I think German psychoanalyst Sigmund Freud coined the term for that, kaufkrugerrandkanntschtanditknomor

[Cortopassi]

Gold trading around 1477 oz. I just ordered a krugerand because I couldn't stand it anymore.

I think German psychoanalyst Sigmund Freud coined the term for that, kaufkrugerrandkanntschtanditknomor

Good one. Gold popping back up, so good call AD.

[mathjak107]

Gold is following stocks ....to funny ....