Even Chinese can't beat the cunning of Uncle Sam, who bought massive amount of gold when it was at $300 / oz to become the world's largest reserve. That's when everyone else was selling. In the recent years, US unloaded its gold at $1500 / oz average to Chinese and Indians. Let them keep buying until the price naturally comes down.
Gold
- Thread starter goodguy1977
- Start date
:blabla:Even Chinese can't beat the cunning of Uncle Sam, who bought massive amount of gold when it was at $300 / oz to become the world's largest reserve. That's when everyone else was selling. In the recent years, US unloaded its gold at $1500 / oz average to Chinese and Indians. Let them keep buying until the price naturally comes down.
Billionaire Sprott - How Investors Can Make 3,000% In 1 Year!
http://kingworldnews.com/kingworldn..._How_Investors_Can_Make_3,000_In_1_Year!.html
http://kingworldnews.com/kingworldn..._How_Investors_Can_Make_3,000_In_1_Year!.html
Why are all the gold supporters old geezers? Maybe it's time to move on. China will soon wake up to their stupidity in accumulating gold.
The answer is simple - for us older folks, buying gold is easy to do, and easy to understand.Why are all the gold supporters old geezers? Maybe it's time to move on. China will soon wake up to their stupidity in accumulating gold.
I think on the contrary, China has woken from the stupidity of accumulating dollars.China will soon wake up to their stupidity in accumulating gold.
Maybe, maybe Chinese intends to buy up US businesses along with technologies with the dollars. It is not a stupid move to try to catch up on technological front. After he who has the technology not the gold makes the rules.I think on the contrary, China has woken from the stupidity of accumulating dollars.
China has been using its $US' to buy up commodities, land and commodity miners all over the world.Maybe, maybe Chinese intends to buy up US businesses along with technologies with the dollars. It is not a stupid move to try to catch up on technological front. After he who has the technology not the gold makes the rules.
Have no idea what the reason is. I do know Don Coxe isn't a
good fund manager and I won't want him to manage my portfolio.
Nonetheless his macro views of global economy are generally
well thought out as far as I am concerned.
Coxe is probably right this time with respect to the timing of
the bottom of gold. I expect gold prices to remain volatile
and a pull back to near the bottom around $1200-$1300
is quite possible over the next 3 months.
good fund manager and I won't want him to manage my portfolio.
Nonetheless his macro views of global economy are generally
well thought out as far as I am concerned.
Coxe is probably right this time with respect to the timing of
the bottom of gold. I expect gold prices to remain volatile
and a pull back to near the bottom around $1200-$1300
is quite possible over the next 3 months.
Still no rebound in gold. Don Coxe is just another stubborn old geezer who can't recognize gold uptrend is over.
I didn't know i "advised" on miners.... I recall making a comment that someone who bought Barrick in the 20s was brave but wished him well. Lol..Glad I ignored goodguy's advice and bought some miners during the June washout. I'm up very nicely and have taken some profits. We could see gold breakout to $1550 or higher this fall after some consolidation.
Glad you made a profit though, if gold is going over 1550 you should load up the truck then and back your convictions.
Good luck and I didn't realize someone followed my threads that closely. Best of luck in your trading and I hope some of the other info I was able to share helped you out.
Goodguy
I hope you traded it well... granted you are probably a better technician than I. I see an ugly market but you've got a 1550 ++ this fall....Glad I ignored goodguy's advice and bought some miners during the June washout. I'm up very nicely and have taken some profits. We could see gold breakout to $1550 or higher this fall after some consolidation.
Goodguy
