We're all involved in the very difficult world of trying to predict the FUTURE and I know I'm naughty pointing to the PAST, that's easy but can't resist one more: 3i Group, up 700% since Covid, even after recent Trump Tariff Tantrums in April. I've been in an out, just cannot believe how valuable this conglomerate has become. Definitely, one to study. The future? I don't think we're taking enough notice of what China's doing, eg supplying Iran with serious hardware and Taiwan of course.
"Sell in May and go away" used to be a maxim in the City.
I doubt there are many people who want to hold positions when they are on holiday so it could be that. However I'm with you 100% - Gold is going up or more precisely fiat is going down. The UK and US will have to print money so borrow fiat and buy gold - If you can afford it of course
The extent of the pause is something I have been contemplating for a few weeks now. Gold is approx. 50% above its 36 month MA which is a place it visited three times from 2006 to 2008. Each time then it corrected. Between May 06 and Mar 08 it corrected from 51% to 21% and took nearly eighteen months to do it. However in Sept 1978 it got to 50% and continued on upwards to 190% above the 36 month MA. A truly parabolic rise with a peak in Jan 1980.
Despite the global debt woes I am not fully convinced that we can go onwards and upwards from here without a bigger correction.
Agreed, but so far the distance to 36 month MA has gone down from a high of 51% to currently 45%. Not much of a correction. There was year of price inaction in 2006/07. However I think the drivers for gold are much stronger now and so on balance I think its going up quicker from here. A sovereign debt crisis might be a good catalyst.....
Gold, schmould. Goldman Sachs Bank up 430% in 5 years. It's up 70% since the media MASSIVELY freaked out slamming Trump early April, deliberately scared the cr*p out of everyone, FTSE/Wall St/S&P/NAS now near ATHs. Talking of the East, do we have a date yet for China's Taiwan invasion? And are we all watching the volume of massive missiles China is supplying to Iran?
Just banked it, looks like money to me. Gold is just a derivative, in a crisis you cannot use it to buy food, if you went to pay someone in gold sovereigns they’d follow you home
For all here and all you may know that could / should be paying attention!
Gold grinding down to the fall lift off!
http://www.321gold.com/charts/seasonal_gold.html
Yes, I see seasonal patterns as a secondary not primary indicator, but gold is one of the more reliable ones
We're all involved in the very difficult world of trying to predict the FUTURE and I know I'm naughty pointing to the PAST, that's easy but can't resist one more: 3i Group, up 700% since Covid, even after recent Trump Tariff Tantrums in April. I've been in an out, just cannot believe how valuable this conglomerate has become. Definitely, one to study. The future? I don't think we're taking enough notice of what China's doing, eg supplying Iran with serious hardware and Taiwan of course.
"Sell in May and go away" used to be a maxim in the City.
I doubt there are many people who want to hold positions when they are on holiday so it could be that. However I'm with you 100% - Gold is going up or more precisely fiat is going down. The UK and US will have to print money so borrow fiat and buy gold - If you can afford it of course
Thank you
Thanks Dom, nice update. As long as they keep printing gold will do well.
Deficits and debasing ...
Nice Work.
Thank You!
Thank you
The extent of the pause is something I have been contemplating for a few weeks now. Gold is approx. 50% above its 36 month MA which is a place it visited three times from 2006 to 2008. Each time then it corrected. Between May 06 and Mar 08 it corrected from 51% to 21% and took nearly eighteen months to do it. However in Sept 1978 it got to 50% and continued on upwards to 190% above the 36 month MA. A truly parabolic rise with a peak in Jan 1980.
Despite the global debt woes I am not fully convinced that we can go onwards and upwards from here without a bigger correction.
May 06 to Jul 07 for the correction of 51% to 21%, not May 06 and Mar 08 as I wrote above.
I hear you but you get corrections in time as well as in price and this seems to be one of those
Agreed, but so far the distance to 36 month MA has gone down from a high of 51% to currently 45%. Not much of a correction. There was year of price inaction in 2006/07. However I think the drivers for gold are much stronger now and so on balance I think its going up quicker from here. A sovereign debt crisis might be a good catalyst.....
Indeed ….
Gold, schmould. Goldman Sachs Bank up 430% in 5 years. It's up 70% since the media MASSIVELY freaked out slamming Trump early April, deliberately scared the cr*p out of everyone, FTSE/Wall St/S&P/NAS now near ATHs. Talking of the East, do we have a date yet for China's Taiwan invasion? And are we all watching the volume of massive missiles China is supplying to Iran?
Goldman Sachs may have been a good investment but it is not money
Just banked it, looks like money to me. Gold is just a derivative, in a crisis you cannot use it to buy food, if you went to pay someone in gold sovereigns they’d follow you home
From 2000 to 2011 GS lost over 80% relative to gold. It did well then until 2016, but has gained nothing since
I remember when you said “will we ever see sub 1000$ gold.”