Buying GOLD

Discussion in 'Commodity Futures' started by RainMaker3000, Oct 3, 2019.

  1. padutrader

    padutrader

    cure for illness is more medicine but ultimately it is the medicine that kills the patient.....no one can predict when that will happen.
    but when it comes, everything will eventually fall even gold because it is liquidity that drives prices.
    Also do not forget that, if stocks and bonds crash and gold goes up, gold will be sold to offset losses in other asset classes and that is why in panics, everything will fall.eventually.
     
    Last edited: Oct 4, 2019
    #11     Oct 4, 2019
  2. Looks like Stocks are setting up to rally into new highs...with that in mind I think there might be a slight downdraft in GOLD,
     
    #12     Oct 7, 2019
  3. Testing the $1450 level, let's see if it holds...
     
    #13     Oct 7, 2019
  4. It looks like the Fed hit the play button on the GOLD rally, lets rock and roll, see ya @$1550
     
    #14     Oct 8, 2019
  5. marameo

    marameo

  6. Variss

    Variss

    Fundamentals certainly play important role in price of both USD and gold. In addition, they are negatively correlated. Elections in the US have always had big impact on FX market, so it will be also case next year. I am sure that best strategy for gold is buy and hold
     
    #16     Oct 19, 2019
    RainMaker3000 likes this.