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Thread: Gold 11-28-23

  1. #1

    Exclamation Gold 11-28-23

    $2022 in u.s. Dollars NOW..
    https://www.zerohedge.com/markets/vo...as-reached-end
    since 1971 we have come a LONG way..
    x3

  2. #2
    Join Date
    Mar 2009
    Posts
    11,758

    Default

    Yes sir. Getting closer to an all time high. Will it bust through, don't know, but time will tell.
    ...be your own Health Care System... grow your own and eat well

  3. #3

    Question

    $2040...????!!!!!
    x3

  4. #4
    Join Date
    Mar 2009
    Posts
    11,758

    Default

    [QUOTE=silverone;2800200][SIZE=7]$2040...????!!!!![QUOTE]

    $2,773.29 in Canuck-bucks. I think that is an all time high.
    ...be your own Health Care System... grow your own and eat well

  5. #5

    Default

    If gold closes a month at or above the former all time high, that's when more people will start looking at gold and wanting to climb aboard. The snowball starts to roll. Will it be a straight zoom to the moon? I doubt it, but do think it's about time that gold responds to the fiat dollar's weakness that's about to happen.

    What happens to gold, happens even more so for mining stocks. For those of us here that haven't paid much attention to mining stocks in the past, because mining stocks have been the worse investments for a long time, just remember the multiplier that happens to a mining stock when gold (or silver or any PM) increases in value. Mining costs are fixed or nearly fixed once a mine starts to produce as long as the ore remains the same. If a company makes $200/ounce profit at $1,800 POG, then when gold goes to $2,100, that $200 becomes $500/ounce and should be reflected in the share price. Someone like our AG guy that invests in options may finally make some huge ROI. I'm rooting for him to make a killing! If as many are predicting gold will hit $2,500 in the near future (2-3 years?) then you can figure out the boost that is coming to mining stocks. One of the mining investment people I follow is calling that a generational opportunity. Or as I say, "it's been down so long that it looks like up to me". One good sign that things will be getting interesting in mining stocks is the beginning of a lot of M&A. Which has begun, IMHO.

    As always do your own due diligence.
    American Legion Preamble: https://www.legion.org/preamble

  6. #6

    Default

    seen a lot of the "gold" is papergold ETFs which even do not hold gold but just speculate on the dollarvalue of gold, and that kind of stuff is very frivole.

    it is normal that when the " price" rose as it did during the last days, some will suddenly pocket profits and the "goldprice" might suddenly fall, Physical demand is the arbiter. .

    Golditiki2+++

  7. #7

    Question

    OK guys I Think we ALL Know how Fake and Manipulated the 'spot' price Usually is...
    says $2,071 in u.s. 'Dollars' Now.. How FAST do We Drop at the open Tonight?
    And WHY?
    x3

  8. #8

    Default

    Quote Originally Posted by silverone View Post
    OK guys I Think we ALL Know how Fake and Manipulated the 'spot' price Usually is...
    says $2,071 in u.s. 'Dollars' Now.. How FAST do We Drop at the open Tonight?
    And WHY?
    Crooks in the casino. Kind of like property tax....crooks at the county building.

    If you can understand all this, the Why is in here....somewhere.
    Last edited by vertical1; 12-03-2023 at 10:26 AM.
    Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”

  9. #9

    Unhappy

    $2023..... And Dropping
    x3

  10. #10
    Join Date
    May 2013
    Posts
    1,490

    Default

    Quote Originally Posted by silverone View Post
    $2023..... And Dropping
    Overnight blow-off top to new all time high...Then it flew like a frozen turkey...!!

    Ag guy
    live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
    This life is the training of the soul for the life to come. (accept that we live in a fallen world)
    Whether you know it or not, you are a spiritual eternal being! Ag guy

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