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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (124484)	11/11/2016 8:24:32 PM
From: TobagoJack	Read Replies (2) \| Respond to of 217745

i consider the chances reasonably good of gold price materially higher at end of trump reign than now given the currency turmoil and bond rout, and supposing much paper-gold trade is paired up w/ currency and therefore bond trades, i suppose the gold drubbing (actually a rise and fall to base-line level) is explainable give it time to sort out, settle, and be clear the idea that one can cut taxes, increase spending, and mortgage the future is not a trump invention, but he is supposedly very good at it in a bad way guidance, continue savings in gold precursor of jubilee day is as good as tee-ed up

To: carranza2 who wrote (124484)	11/12/2016 12:45:55 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 217745

As TJ learned in Oz, gold is made out of oil. <So, why has gold taken such a tumble?> The price of gold is the cost of production plus whatever margin the competitive landscape allows at the time, with supply and demand topping up or down the gold price depending on the florid fears in the minds of men [and it is men]. If you check the price of oil you will see a bit of a tumble. Combine that with the stock market zooming up and this that and the other, the increasing crop production due to over 400 ppm CO2 now available, the number of ants in outer Eketahuna and the infinite array of other variables that set the price of gold on any day, and hey presto, gold takes a bit of a tumble but just back to where it was. The big move in US$ will come when the umpty$trillion debt meets the bankrupt bank accounts and the flight to 'safety' that will happen when people en masse realize the jig is up, but the run on the bank finds that there is no gold in the vaults to be used to swap for "In God We Trust" promissory notes issued by politicians whose promises are not "as good as gold" [to coin a phrase]. It does seem likely that electric cars now have critical mass at $50 a barrel or even $30, to replace the Otto and Diesel cycle fleets after decades of attempts to get electric cars going. Mqurice