Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (107393)	1/26/2018 8:41:18 AM
From: Real Man	Respond to of 116764

No, I think the same way as mythman right now, I just refuse to ride the manipulated bull. I am not adverse to it if I am a director of a technology company who can print shares to sell to the suckers and profit personally. The same with bitcoin, I am not against mining crypto, but don’t like buying crypto. The current environment is excellent for tech entrepreneurs... ahem... scammers. I am not as bearish on Au related things, but they tend to be manipulated to the downside, so they will try and will likely break any advance in gold until the system crumbles or crashes, at least temporarily

To: Rarebird who wrote (107393)	1/26/2018 8:56:38 AM
From: Real Man	Read Replies (3) \| Respond to of 116764

Fwiw, I made a prediction here on si that gold will likely drop like a rock following all QE, because QE goes into the hands of gold shorts. It happened, very dramatically so. The prediction was a no brainer. The same goes for the upside to gold, no significant upside until they start losing control due to lack of liquidity. The prediction is counter-intuitive again, but this “market” is what it is. Gold is perpetually shorted as a carry currency, with possible gold shortage being a myth. For the last decade gold traded based on carry. Carry trade tends to blow up along with bubble stocks/vix short trade. It is all one trade now. Risk on. Put another way, “fed put on”. This makes market manipulation as the key origin of bull market in stocks more explicit. I am expecting gold will drop again now if the rate hikes are on, it will rally if the hikes stop. All within gold carry framework. Gold will have a new bull when gold carry collapses. The latter is not likely to happen without a meltdown of SP500. If gold has a major rally to 1700, it will be moving in advance of gloom and doom to come shortly. JMHO