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The Gold Bubble... Just how badly have the silly goldbugs failed?
Topic Started: 21 Jun 2014, 11:46 AM (27,183 Views)
Rastus2
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Simon_S
16 Dec 2016, 01:08 PM
I wouldn't be surprised to see it go as far as $950 USD before we see the bottom.
no idea where it will hit before it finds a floor.... a lot seems to depend on Trump/China now that BrExIt fear has dissipated... unless we get more panic, Gold is not likely to soar back up any time soon.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Terry
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Rastus2
16 Dec 2016, 01:30 PM
Gold is not likely to soar back up any time soon.
Words of the brave. Fear is not the driver of gold.
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Simon_S
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Rastus2
16 Dec 2016, 01:30 PM
no idea where it will hit before it finds a floor.... a lot seems to depend on Trump/China now that BrExIt fear has dissipated... unless we get more panic, Gold is not likely to soar back up any time soon.
It should find support at previous bottoms namely around $1050 USD but I would expect it to sell off into 2019.

Barring a shock of course.
Edited by Simon_S, 16 Dec 2016, 03:21 PM.
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Terry
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Simon_S
16 Dec 2016, 03:19 PM
It should find support at previous bottoms namely around $1050 USD but I would expect it to sell off into 2019.

Barring a shock of course.
That's some pretty powerful vision you have.
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Rufus
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Terry
16 Dec 2016, 01:53 PM
Fear is not the driver of gold.
Fear is one of only two drivers.
The other driver is that women like it as an ornament.
That's a powerful driver though, women have a lot of power.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Foxy
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Zero is coming...

Rufus
16 Dec 2016, 05:58 PM
Fear is one of only two drivers.
The other driver is that women like it as an ornament.
That's a powerful driver though, women have a lot of power.
Super powers...


http://www.bing.com/videos/search?q=golden+bikini&&view=detail&mid=2584EAC0F30D74F0EDD12584EAC0F30D74F0EDD1&rvsmid=D796416D016F518F252ED796416D016F518F252E&fsscr=0&FORM=VDFSRV
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Terry
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Rufus
16 Dec 2016, 05:58 PM
Fear is one of only two drivers.
The other driver is that women like it as an ornament.
That's a powerful driver though, women have a lot of power.
Nope, derivatives are the biggest driver of the gold price. You can argue "fear" has something to do with the movement of derivatives, but that's no different to JPY appreciating. You probably won't believe me, and that's OK. The gold price has emerged as a boogeyman that is used to fiddle with the emotional states of the masses, therefore you're fed nonsense by the media and a parade of dogmatists who rely on the "she'll be right" aura of the monetary system (which is fundamentally broken).

Demand for physical gold for jewelry is a secondary driver of the gold price. It has nothing to do with the critical mass of gold trade.
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herbie
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Terry
17 Dec 2016, 12:27 PM
... derivatives are the biggest driver of the gold price ...
Tha goldbugs used ta tell me that 'manipulation' by tha worlds central banks woz tha biggest driver of gold prices.

Funny that when ya think about it eh? 'Cause while they reckoned central banks could 'n did manipulate gold prices, they had naff all chance of being able ta manipulate stuff like housing 'n stock market prices.

PS: Cue for Tezza ta jump in wif ya start goin' "Well Jethro, it works like this ..." - LOL
Edited by herbie, 17 Dec 2016, 12:42 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Terry
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herbie
17 Dec 2016, 12:40 PM
Tha goldbugs used ta tell me that 'manipulation; by tha worlds central banks woz tha biggest driver of gold prices.

Funny that when ya think about it eh? 'Cause while they reckoned central banks could 'n did manipulate god prices, they had naff all chance of being' able ta manipulate stuff like housing 'n stock market prices.

PS: Cue for Tezza ta jump in wif ya start goin' "Well Jethro, it works like this ..." - LOL
Derivatives are an instrument Jethro. Much like traps for catching critters. Central banks can only manipulate the price, not necessarily value.
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Foxy
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Zero is coming...

Terry
16 Dec 2016, 01:22 PM
Martin Armstrong said as low as USD700 in 2017. Like shaking a tree and watching monkeys fall out.
If gold goes to $700 per ounce I will be over the moon.

I have $1.4m and will buy the physical.

2,000 ounces for me.

Please drop.

Please....

http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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