I reopened @2629 to much world political war, uncertainty and world wide turbulence, fall of the dollar. This baby’s going up. why would you convert to fiat ??

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SL moved to 2626

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Long @ 2630.6 SL @ 2619 Limit @ 2790

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well. With the west pushing nato to his doorstep & supplying Ukraine with long range missiles.. Anyone see him surrendering? what's the outcome ? escalation.

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[quote=SnakeDok;15012551] Yes and No, large investors can take profit even if they expect the price to continue rising, and the explanation is that Gold is a safe long term investment but not the best return there is, get's outperformed by SP500 for ...

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may god have mercy on your soul. whats your draw down @ % ? did you never think to cover rather than keep opening ? Dangerous way of trading.

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nothing goes up in a straight line. Any drop will be more of a correction than a trend change, short lived & bought into quickly. Perhaps lasting 3/4 weeks. There are players in this market who could drop the price, when they’re ready, ...

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I’m waiting for short entry @ around 2780 / 2795 finally looked at it properly. I think we go higher early next month, correction in October. gl - see y’all closer to then

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of course there will. When is the golden question, these are uncharted territories now and it’s very much a huge gamble but what goes up quick most often comes down quick (imo only short lived), how and when that happens is the golden goose… outside ...

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2666 the number of the beast….. ohhh the irony.

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basel3.1 (endgame is a worldwide consortium) including the USA.. there has been big kick back from the large banks in the states saying it’s unnecessary but they are as much involved as Europe. we were talking about rates but I referred to drivers ...

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Isabella - if you could explain exactly what you are asking on this post, we might have a better chance of answering your question to your standard. “gold—>Basel III ? for whom? eu since when?” doesn’t make a great deal of sense or mean a lot.

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this is a new rule, not years old. Basel regulations make gold a more attractive asset for banks by allowing bullion held in vaults or on an allocated basis to be treated as cash with a 0% risk weight. Lowering the capital requirements for gold ...

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Essentially banks can now hold physical gold instead of fiat. When you think about it, seems pretty obvious which way it’s going to go especially with growing possibility of world war and the vulnerability of fiat in such an uncertain world.

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+ war ? It was either feb or march this year they announced the Basel rule changes for gold & if you look at the chart…

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This long range missile stuff from uk & USA is fucking hectic. corporate shills pushing corporate agendas were all going to find out where it goes from there i guess.

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No this is very true. It’s not. the economy is also not in a normal state. All the “positive data” we see is completely skewed based on a top heavy economy. There is only so long that can sustain itself. i think they call it a fogazi

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Who knows… With such high expectation, it wouldn’t surprise.

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IMO any rate cut (if / when it happens) will be a short term move. For gold Basil 3.1 seems the most obvious driver given banks will be able to hold physical gold on their books with zero risk weight and be treated as cash. game changer & the rise ...

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Im in for a fat short on the dow & gold. SL above ATH’s. lets see what happens eh.

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