Why The Gold Price Is Trendless
What are the drivers that are keeping gold range bound and will they break anytime soon?
Interesting speech.
Haven’t heard the term: “mark to market” in a long time. Certainly not in the mainstream/corporate media. ….Nor any for the Financial Standards Accounting Board (FASB) for that matter.
Western central banks and their Wall Street cronies are skydiving without a parachute—with our currencies. But as they say, “it’s not the fall that hurts you; it’s the sudden stop at the end.
Yep…GOOD ONE! Bj…good one
BAIL INS……………..OLD NEWS………….
BUT good info………….
See Zeal (posted last Friday) article on interest rates and gold price movements for a different statistical view:
Historically the Fed always has been behind the curve, thus they find themselves chasing inflation with rate hikes. They’ve never been preemptive because their cronies on Wall Street, the K Street lobbyist and their Congressional lap dogs will have none of that. So yes, someday, gold will rise again. Only thing different this time wit the precious metals are the PM ETFs and their “‘stock options” which corrupted the the true futures market in PMs.
Back in 2007 when Paul van Eeden was on the show and he explained why you should sell your mining exploration stocks, TSXV at 3400 Al disagreed with Paul. Paul said gold was not in a bull but the USD in a bear and when it strengthens gold will falter. Al argued the whole time. Paul nailed it and Al was wrong. In 2011 i listened to Al explain why the resource markets would outperform the conventional markets. I listened to him make every excuse for Premium Exploration and all the irregularities with the company, ie travel expenses, $0.0001 share offerings , half a millionon IR, in 2014 Al explained why the taper would stop. What I have learned is people on this site speak their ideology and cannot think critically or change their mind.
Back in 07….there were a glut of mining stocks……..about 3000 without money, and poor management teams……………the wash out was evident for anyone who was looking at a profit and lost statement….As in all businesses , there is a rush for the hot thing to be in,,,,,and then the washout. The market has matured., and so have the people that have been around for awhile.
In all fairness to AL…who could have seen what was going on, there is nothing logical about the FED.
Maybe the most important video ever made, for energy issues… Crude oil is dead and it is manipulated, but we are NEVER gonna live without ENERGY.
https://www.youtube.com/watch?v=tMumLZJCD3s
the big boys will never let oil die……..until they are ready….All this so called technology has been around for a century………….Electric cars …invented about 1912
Thats for you BIG Al…
https://www.youtube.com/watch?v=tMumLZJCD3s
I’M FLABBERGASTED !!!!!!!!! ha .ha
Not sure if I am a member here but
cancel it anyway.
GOLD SUCKS and silver is real dog duty.
Now ……just maybe we get a rally.
The gold and silver sewerage cesspools rally ????
Sure they will. I believe in the tooth fairy.
Ya well, maybe you guys get lucky in the morning
for owning a large sum of gold related assets you
find one dollar under your pillow.
LUCKY YOU !!!!! bubble gum treats….no popsicles, pop corn or
even a small chocolate bar.
So be happy with it. You chose gold and silver.
Makes Stupido look like a genius in the stock market.
GOLD UP……….KEEP SPEAKING……….
http://www.trunews.com/fears-grow-iran-speeds-hamas-arms-delivery/
Which is why Israel has to blockade.
Very important!!!
https://www.youtube.com/watch?v=GqmsktsEieo