678 replies to this topic

[Smithy]

Stewart Thomson - A Bullish Wind Blows for Gold

 

https://www.gold-eag...wind-blows-gold

[Smithy]

Oz govt moves to ban cash transactions above AUD  $10,000  ($6,900 USD)

 

https://www.forbes.c...e/#6b2d71d677ad

[Smithy]

[dougie]

The move to ban cash is on.

in my mind this represents the diesire to have everything be denominated in non-real forms.

in this respect nothing could be further apart than BTC and AU

[Smithy]

Twiggy is bullish on gold...

 

https://thepatientin...ollar-retreats/

[Smithy]

Tues evening 8/6 gold at $1486.

 

I'll stick my predictive neck out for an intermediate peak around $1511 +/- $10 on Thurs 8/8 +/- 1 day.

[senorBS]

The move to ban cash is on.

in my mind this represents the diesire to have everything be denominated in non-real forms.

in this respect nothing could be further apart than BTC and AU

they have both have had very nice rallies, perhaps both are much preferred to the other currency choices? Given negative interest rates in so many places why have funds in cash as it costs you money? What a friggin crazy world we now live in

 

Senor

[dougie]

it is indeed.

[Smithy]

Gold COT comm net shorts is 324,325 contracts. The last time it got to these dizzy extremes was at the July 2016 highs after which gold dropped 18%.

 

The silver small spec % bulls has reached the highest point since 2010.

 

These big numbers don't mean they can't get more so.

Edited by Smithy, 11 August 2019 - 12:01 PM.

[linrom1]

Gold COT comm net shorts is 324,325 contracts. The last time it got to these dizzy extremes was at the July 2016 highs after which gold dropped 18%.

 

The silver small spec % bulls has reached the highest point since 2010.

 

These big numbers don't mean they can't get more so.

Any guess what happens after 8/16?