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So, You've lost all your money long Gold?


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#11 risk_management

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Posted 12 October 2019 - 11:04 AM

I would not dismiss a solid decline in this sector.  If the market sells of, and all the asset classes take the hit, it's hard to believe this sector will somehow avoid the repricing.  Fed policy and macro picture is still dollar positive overall.  While everyone is expecting current decline to be a correction, I believe it can morph into something much bigger.  BWTFDIK

 

p.s.  If it happens, I will be buying big.



#12 dougie

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Posted 12 October 2019 - 03:00 PM

I would not dismiss a solid decline in this sector.  If the market sells of, and all the asset classes take the hit, it's hard to believe this sector will somehow avoid the repricing.  Fed policy and macro picture is still dollar positive overall.  While everyone is expecting current decline to be a correction, I believe it can morph into something much bigger.  BWTFDIK

 

p.s.  If it happens, I will be buying big.

By MUCH bigger, wht do you have in mind?



#13 risk_management

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Posted 12 October 2019 - 04:07 PM

Don't know dougie as I generally don't have targets.  I just feel that this sector is already lagging on the downside and that will have to be rectified sooner or later.



#14 dougie

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Posted 12 October 2019 - 04:56 PM

Don't know dougie as I generally don't have targets.  I just feel that this sector is already lagging on the downside and that will have to be rectified sooner or later.

Lagging  in what way?



#15 risk_management

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Posted 12 October 2019 - 09:36 PM

Don't know dougie as I generally don't have targets.  I just feel that this sector is already lagging on the downside and that will have to be rectified sooner or later.

Lagging  in what way?
Plot dollar vs gold, yen vs gold, inflation vs gold.
I know that there is often political risk thats part of gold's price but in the long run arbitrage puts assets in the right place.

#16 AChartist

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Posted 13 October 2019 - 12:16 AM

still the number one sector since 1998

 

not sure when probably in parts over a couple weeks will swing some from stk funds to gold fund coming up

 

was going to some friday but was on the road. we have to figure $60B a week is an awful lot to short metals down

 

until it doesnt work like it never worked before. will take time. Meanwhile I have a theory globalists favor crypto replacement

 

system because they own all the infrascture and it can be the model that sucks up all the paper to them so it doesnt benefit people.

 

Trump/Q has a different idea about gold ending the fed. So far crypto cycle might top for a long time with 2020 high with btc halving.

 

Maybe trump/Q wins because stk cycles are up after reelection too. I'm commited to metals but figure I'll do crypto unitl only the 

 

btc post halving peak next May. If its alot of money then can leave 5-10% in there some companies will go on to be financial 

 

infrastructure on the other hand like 1990's wintel 9th circus federal pedo monopoly "judges" superior tech will be co-opted by the likes of Google, IBM, MSFT, AMZN blockchain

 

communist monopolies.


Edited by AChartist, 13 October 2019 - 12:17 AM.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan