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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.35+2.7%Nov 10 4:00 PM EST
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To: carranza2 who wrote (152290)1/5/2020 9:00:07 AM
From: TobagoJack  Read Replies (2) of 217661
 
Re <<Not investing ... casino ... gaming>>

At the moment certainly true that a lot more money believe gold shall rise 5% than fall 5%.

My belief is that there would be no outright war between teams USA and Iran, and that whatever team Iran chooses to do in ‘retaliation’ would be more of the same Great Game proxy-play in nature.

My belief is premised on take that team Iran in truth was planning some play, and that Trump in fact tried to hiccup same play. IOW, just an on-going attritional Great Game playing out in fully absorbing way since the 13th century, and one that does not forgive hurried / careless moves. The Iranian general was careless. Let us see if Trump was in too much of a hurry.

If take is correct, the question we shall get answer to would be “is a gold-pricing step-up due to war-scare durable ?”. My guess is “no”.

Of course a lot of other factors can pin or raise gold pricing in the meantime.

Whichever the case and however it all works out, gold would not remain where it is now, 1550, a fairly safe guess :0)

In any case, for the moment, gold miners are not reacting to the PoG’s 50$ up.

Focusing on the pure ‘simplicity’ of tapping macro energy off of gold is not any more obvious than playing macro by use of ETFs. All fun.
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