$1942..........?????
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$1942..........?????
x3
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$1922.............???
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1901? ... Get ready for the next launch ;-)
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$1875...........????
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the dollar is getting stronger a) due to the looming US gov bankruptcy game. B) Everybody having debts in dollars needs dollars to pay the piper and if the company results are bad, then savings, i.e. gold ETFs are to be sold.Originally Posted by silverone
The whole world is drowning in its debt, inflation, poor economics and wars, The money ( if banks are not willing to take risks - maybe they just cannot ) then the money has to come from the last resort: sales of the crownjewels.
Those who are debtfree and have ready money must laugh loud.
Golditiki2+++
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Gold just bounced back above $1,857. Is the bottom in? Or is this just a blip?
DXY is falling. It was $106.75 earlier today
“The Federal Reserve is not currently forecasting a recession.”
Fed Chairman Ben Bernanke, January 2008
This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.
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The last few days have seen prices drop when London was open & then the curves flatten out afterwards. Today's drop to the local bottom happened right around the close of the London market, then there was a small bounce & flattening.
So the question is - What's going on in the UK market? Are people selling gold to cover other assets? Is it something else?
“The Federal Reserve is not currently forecasting a recession.”
Fed Chairman Ben Bernanke, January 2008
This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.
Member
Impossible to tell the cause of the "price drop" as usual, but ultimately unimportant in the grand scheme.
Buying digital gold now on the 'way down' on fixed tresholds. In the rebound they will transform to physical gold.
Member
It had worked it's way back up around $1,880, then NY opened & now it's down around $1,850. Technicals continue to look bearish in the short term.
“The Federal Reserve is not currently forecasting a recession.”
Fed Chairman Ben Bernanke, January 2008
This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.
Member
everything is bearish. The whole world is cash strapped for the moment. Want it or not, the wokehype is to be crushed. The Piper wants to be paid and the bigmouthedwokerats are gonna be drown in their own creation.
It took its time before the Master of the World decided to hit stupidity in the eye, they let the debt grow to its selfdestruction point, it would have been unwise to react earlier. Earlier the interest rates would have needed to be much higher than what they now are. Nobody can pretend that a 5 pct interest is scroogey. compared to the Volker interet rates.
It is clear that interest rates are hurting but nobody can honestly blame the FED. We all understand it is the unbridled wild unappropriate spening which is at the origin of our debtproblem. It was too easy to fund all kind of fata Morganas.
It means that the system is now cash strapped and has to liquidate holdings to pay the debt piper.
Cash is under the circumstances trump.
Golditiki2+++
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