Gold price to go steady, dips imminent?

Geoff23

DiggerUK wrote: »

I'm still sure that a substantial dip will happen.
To be on the safe side, I've put the pie in the freezer for now.

Haven't seen any reports of more margin hikes, anybody heard anything?
..._

No. Either you're right - the "bears"/manipulators still have plenty of fight left and there's going to be a sharp dip back towards £1050...or we are about to enter a new phase of the bull market, characterised by a scramble for physical, faster increases and even more volatility.

Hugo Chavez wants his gold back.

DiggerUK

Geoff23 wrote: »

......and there's going to be a sharp dip back towards £1050...or we are about to enter a new phase of the bull market, characterised by a scramble for physical, faster increases and even more volatility......

At thread start I was fairly sure they would get things back on track for a while longer. The dips I envisaged would have seen us going back to £950+, ....and then this happened.
I would have expected a bit more warning of an economic meltdown, if it is about to tip over the edge.

That they have not contained the situation on the economic front, as witnessed by markets tanking, again, and gold rising, again, could be down to a stealth black swan.

After all, the only facts about money printed that we have, come from that 'nice man from the government' who's here to help us.
I won't even go down the road of commenting on the statement from 'the nice man', that the banks have always passed their 'stress tests'
..._

Geoff23

DiggerUK wrote: »

At thread start I was fairly sure they would get things back on track for a while longer. The dips I envisaged would have seen us going back to £950+, ....and then this happened.
I would have expected a bit more warning of an economic meltdown, if it is about to tip over the edge.

Expected a warning from whom? The turkeys for who that would be Christmas (which includes nearly all politicians, most economists and everybody who has a lot of money invested in paper assets)?

Personally, I first started warning people this was going to happen in 2005, which was the point at which I became convinced that global production of conventional crude oil was going to peak before 2010.

There are lots of people out there trying to warn people, but most of them don't have anything to do with the mass mainstream media. That's what the internet is for...

DiggerUK

Geoff23 wrote: »

Expected a warning from whom?.......

No, I wasn't expecting a warning from some guru, but I was expecting some more obvious signs if the general situation was about to go over the edge. Something that made me go..whoa. Nothing like that has happened, it's just more of the same old crisis for now as far as I can see.

It's because it all seems to be more of the same, that makes me hold back from claiming some 'paradigm shift', as many of the screamers at times like this are prone to claim.

Until the smoke clears the battlefield, and we can see which way the forces line up, I'm going to keep my powder dry.
Hindsight is 100%, foresight isn't.
..._

savemoney

Post 90 is :spam:

Geoff23

DiggerUK wrote: »

No, I wasn't expecting a warning from some guru, but I was expecting some more obvious signs if the general situation was about to go over the edge. Something that made me go..whoa. Nothing like that has happened...

Lehman goes bust, AIG goes bust, Fanny and Freddie goes bust, interest rates are held at 0.5% for three years and vast amount of money are printed....and you saw no obvious signs that the general situation was perilous? "Business As Usual" left the building three years ago. Since then we've been living in a sort of "suspended animation" where everybody pretends that "it" isn't really happening.

That's what it looked like from my perspective, anyway.

, it's just more of the same old crisis for now as far as I can see.

It's because it all seems to be more of the same, that makes me hold back from claiming some 'paradigm shift', as many of the screamers at times like this are prone to claim.

Until the smoke clears the battlefield, and we can see which way the forces line up, I'm going to keep my powder dry.
Hindsight is 100%, foresight isn't.

How do you intend to "keep your powder dry"? Do you mean hold paper money?

sabretoothtigger

Yep 2008 was start of the crazy time I think. Over the summer it started getting very unusual, we shouldnt be surprised by now.
If gold is going to 5000 or whatever you have to expect very extreme events, stuff that hasnt happened in hundred years and it seems this is likely to be the case




Chavez is very entertaining. He is to transport 211 tons of gold from around the world back home. Ready for it to be used as international currency apparently not just a virtual asset anymore

http://www.ft.com/cms/s/0/e08657a4-c9b9-11e0-b88b-00144feabdc0.html#axzz1VJomVol0

DiggerUK

Geoff23 wrote: »

....How do you intend to "keep your powder dry"? Do you mean hold paper money?

Fiat has no long term fascination for Digger Mansions, and we are now over 85% physical gold with our retirement savings. The powder I refer to, is my conclusion as to were we are today.

This is not the end for now, the ship still floats.

I can only repeat what I said in my opening post, "I still feel that the point of no return has been passed, but the tipping point is still to come."
I think it important to make the distinction between those two points. It is not my conclusion, that the tipping point has been reached now and today.
But ask again manana :undecided
..._

Geoff23

sabretoothtigger wrote: »

Chavez is very entertaining.

He's a class act, yes.

jumperabv3

I think Gold will be worth 1000% of what it is now in the next decade ... :cool: