AuthorTopic: And The Best-Performing Asset Since The Fed Started Hiking Rates Is...  (Read 744 times)

Offline Palloy2

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http://www.zerohedge.com/news/2017-06-25/and-best-performing-asset-fed-started-hiking-rates
And The Best-Performing Asset Since The Fed Started Hiking Rates Is...
Tyler Durden
Jun 26, 2017

...Gold!

"The State is a body of armed men."

Offline Surly1

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http://www.zerohedge.com/news/2017-06-25/and-best-performing-asset-fed-started-hiking-rates
And The Best-Performing Asset Since The Fed Started Hiking Rates Is...
Tyler Durden
Jun 26, 2017

...Gold!



Somewhere, Golden Oxen is smiling and saying, "I told you so" as he considers his next lecture to the Dim.
"Do not be daunted by the enormity of the world's grief. Do justly now, love mercy now, walk humbly now. You are not obligated to complete the work, but neither are you free to abandon it."

Offline Eddie

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http://www.zerohedge.com/news/2017-06-25/and-best-performing-asset-fed-started-hiking-rates
And The Best-Performing Asset Since The Fed Started Hiking Rates Is...
Tyler Durden
Jun 26, 2017

...Gold!



Somewhere, Golden Oxen is smiling and saying, "I told you so" as he considers his next lecture to the Dim.



It sneaked up on me. Gold and the USD both turned on the first of the year. A new phase has begun.
What makes the desert beautiful is that somewhere it hides a well.

Offline Eddie

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The Masters of the Universe are still trying to smack down the gold price in the middle of the night. They did it again last night. Some of the more savvy traders have learned to benefit, or at least learned to proceed with caution. Technical signals don't work in rigged markets.


<a href="http://www.youtube.com/v/R-rhNJ6wqZ4&fs=1" target="_blank" class="new_win">http://www.youtube.com/v/R-rhNJ6wqZ4&fs=1</a>
What makes the desert beautiful is that somewhere it hides a well.

Offline Palloy2

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Going nowhere for 3 years.
"The State is a body of armed men."

Offline Eddie

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Gold price, like all asset prices tends to move in waves. After several years of big gains, gold stalled out in late 2012. At that time i made a mistake by selling almost all the physical gold and silver I had accumulated for about 9 years. I made a good profit in dollar terms, fwiw. I spent it on something, LOL.

Gold then went into a multi-year bear market, which ended in December 2015. The first wave up last year was from 1050 t0 1350 USD. That was a huge move. Almost 30%. Not "going nowhere". A 30% gain in a little over 6 months. I let that one sneak up on me. GO made bank.

Now, in Dec. 2016, the second wave started, and it has probably now peaked. Second waves are not usually as dramatic as the first move up in a gold bull. The third wave is due to begin in 6 to 8 weeks or so, and likely will run through the end of the year.

By the end of that wave, a lot of people will be interested in owning gold again. There will likely be several more waves, the last of which will be a blow-off top, perhaps on par with the 1980 bull market. That's the way these things go.

When you post a graphic like the one you posted, you miss all the nuance.

On the first of 2017, the USD topped. This is more significant than gold price. Look at the 43 year history of the DXY index here:

http://www.macrotrends.net/1329/us-dollar-index-historical-chart

When the dollar bottoms next, sometime between 2020 and 2025, Gold will make a top even you can spot.



What makes the desert beautiful is that somewhere it hides a well.

Offline Palloy2

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I bought in in 2005 at $585 /oz and didn't sell. So I bore the smash from $1900 /oz to $1050 /oz (still a 85% profit).  You only want to look at selected data that shows a profit.  I pity GO having to look at those stupid figures every day and anguish over whether to sell today or tomorrow.

When does the RE v GO wager come to fruition?
"The State is a body of armed men."

 

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