Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
- Joined Oct 2008 | Status: sideline is a position | 97,885 Posts
those who can, do. those who cant, talk about those who can
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what is the ultimate End Year target of XAUUSD in your mind? 4 replies
DislikedSilver was a bubble at $50 so was gold at $1900. Since then it's a ranging market with bullish and bearish periods. This recent run-up was pretty weak, full of sudden drops. It is not how gold was acting when it was in a bull phase. It is going sideways. It's pretty clear gold bugs making some support for the price as they buy the dips but big players are not it. Price movement tells you.Ignored
QuoteDislikedIf you think silver is a store of value, you are dead wrong.
QuoteDislikedFor how long have you been trading?
QuoteDislikedI remember reading an article when Soros was out of gold at $1800.
DislikedYou cannot compare the hyper inflation which occurred in Germany. At the time it was a completely destroyed country (post-war) with no production.
USA has the biggest companies in the worldIgnored
QuoteDislikedUS government might be fighting among themselves but they are not as stupid to push the whole bloody world into financial dark age.
DislikedHang on... So the US of A produces exactly what? What do they export beside iPhones and iPads and weapons?
There is no real production anymore at least compared to the size of the US. Don't get me wrong, I really like the US and the people there! But the depts clock is ticking.... tic tac tic tac...
Ahem... They already did. Or what do you think happend 2008+?Ignored
DislikedAh ok, well I don't want to offend here anyone. So in case of production that was just a quick shot from me.
In case they export they need a weak Dollar. With all that money printing going on they WILL get a weaker dollar. Guess what with XAG/USD will happen then?Ignored
DislikedYou cannot compare the hyper inflation which occurred in Germany. At the time it was a completely destroyed country (post-war) with no production.
USA has the biggest companies in the world, Chinese would buy up the whole country if the dollar hyperinflated. US would bomb the sh!t out of them before they could even think of doing so. Hyperinflation is nonsense. It just a popular story people (and gold bugs) love to fantasize about.
US government might be fighting among themselves but they are not as stupid to push the whole bloody world...Ignored
DislikedIn the 1980's people were SURE the whole system would collapse. They were wrong ever since.Ignored
DislikedHey all, I think there is a high probability silver will rocket this year and reach new highs above $50, maybe even $75.
Do you see any reasons (beside an economic collapse) why silver should NOT raise?
I'm very heavy long silver (overleveraged but well in the money) target $49 by mid of this year:
http://www.leidel.net/dl/fx/2013/xauusd_170113.pngIgnored