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Where Is Gold Going In This Market


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Were you worried your gold thread had gone the way of gold investments Churchill? That was a 7 month gap

Cheers

Fletch smile.png

Don't care about the thread blink.png

but it would be nice to get a reverse in the price of pm's

another view but perhaps we are getting close ...guitar.gif

$1,081 gold bottom?

http://screwtapefiles.blogspot.com/2015/07/1081-gold-bottom.html

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precious metal bugs are really getting hammered nowadays and that applies also to a bunch of other commodities.

but i'm sure they are not worried because they know for sure that the great global conspiracy of the central banks will sooner or later fold and especially gold will skyrocket. it took 27 years (1980 to 2007) for the nominal gold price to break even (never mind the loss of yield during this period). so what if it takes another 27 years for gold to go back to its peak of 2011?

we all know that goldbugs are patient and preserving their wealth is a top priority. besides... what is more comforting than a heap of goldbars under the mattress combined with the wisdom that fiat money has no value?

crazy.gif

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On 7/11/2015 at 10:01 AM, churchill said:

Don't care about the thread blink.png

but it would be nice to get a reverse in the price of pm's

another view but perhaps we are getting close ...guitar.gif

$1,081 gold bottom?

http://screwtapefiles.blogspot.com/2015/07/1081-gold-bottom.html

and Perhaps that was the low ?

 

http://www.goldseek.com/quotes/charts/5yeargoldchart.php

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