The end of the successful suppression of the price gold.

Discussion in 'Trading' started by zdreg, Mar 26, 2023.

  1. zdreg

    zdreg

    Last edited: Mar 26, 2023
  2. maxinger

    maxinger

    The writer probably lost $$$ trading gold.
    Who cares whether it is manipulated or not?
    Gold futures is one of the most liquid futures.
    Stop worrying about the manipulators trying to slaughter you.
    The more you worry, the more you lose $$$.
    Just focus on the chart.

    Even if there are manipulators, be thankful to them.
    For they create trading opportunities for the traders.
    So seize the trading opportunities.
     
    Last edited: Mar 26, 2023
  3. ZBZB

    ZBZB

    Go with the move before the London fix.
     
  4. MarkBrown

    MarkBrown

    if anything gold is hyped to death.. what you going to do with gold?

    melt it and make bullets to feed yourself?
    trade with your neighbor for eggs or water?
    use it as a fishing weight or anchor?

    GOLD! what is it good for "absolutely nuthin" say it again
     
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  5. Overnight

    Overnight

    It is useful as an analogy to the effect of drinking a Pan-Galactic Gargle Blaster...

    "...The Pan-Galactic Gargle Blaster is, of course, the most famous and dangerous of all spacefaring mixed drinks. It was invented by Douglas Adams for his 1978 radio show (and later stage show, and book series, and TV program, and movie) The Hitchhiker's Guide to the Galaxy, although according to Adams it was invented by Zaphod Beeblebrox, the two-headed president of the galaxy. It is considered highly inadvisable to drink more than two at once; the drink's effect is described as "like having your brains smashed out by a slice of lemon wrapped round a large gold brick..."
     
  6. schizo

    schizo

    Once bitten, twice the shine.

    [​IMG]
     
  7. MKTrader

    MKTrader

    Best to trade physical gold, then (bars, coins). They often trade at a large premium compared to gold futures.
     
  8. maxinger

    maxinger


    The Nazis (and tomb raiders) have been known to extract those gold from the dead.
     
  9. xandman

    xandman


    The premium goes to the dealers. You will capture less than that premium or even sell at a discount when you sell it back to the dealer.

    Nonetheless, I would hold physical for a doomsday scenario. And, it is coming.
     

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    #10     Mar 27, 2023
    MarkBrown likes this.