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  • #37,041
  • Aug 2, 2024 12:42pm Aug 2, 2024 12:42pm
Quoting Catempire
{quote} It’s in no way, shape or form “Right wing propaganda” it’s people who read both sides of an argument & don’t stick their head in an echo chamber of what they want to hear. Just because it’s not shoved down your throat by MSM doesn’t mean it’s not true !! {image} {image}
this is also a painfully conflicting argument for me internally, because I am, in my blood, a lefty… but, you ain’t no use to anyone skint, you can do good with the money & one day, perhaps, we’ll all be involved in the system changing. But at least for now, we can’t argue with it.

if “Larry Fink” announcing he’s going to rebuild Ukraine and Blackrock being some of the biggest investors in worldwide weapons / arms / defence doesn’t make you ask questions. You’re still sat in your echo chamber.

have a great weekend man. All the best all.
Que Sera
  • #37,042
  • Aug 2, 2024 12:45pm Aug 2, 2024 12:45pm
Quoting Catempire
{quote} It’s in no way, shape or form “Right wing propaganda” it’s people who read both sides of an argument & don’t stick their head in an echo chamber of what they want to hear. Just because it’s not shoved down your throat by MSM doesn’t mean it’s not true !! {image} {image}
You compare two uncomparable numbers.

The first number (value of AUM) is a total market value of those assets, which can't be translated as real liquid (money) value. It's the marketcap of those companies, same as bitcoin having 1.2$ trillion. Do you think bitcoin is worth half of all USD? Do you think that if every bitcoin owner decided to sell, they would together get 1.2 trillion? Nope, they would not. Same with AUM value.

The second number (currency in circulation) refers to notes, coins, or any other physical forms of money that are used in transactions between buyers and sellers. That means, total value of all banknotes and coins, not total value of all issued money.

The real second number is M2 money supply (M3 is not being reported since 2006), which stands at 21 trillion.
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  • #37,044
  • Aug 2, 2024 1:00pm Aug 2, 2024 1:00pm
Quoting mades
{quote} You compare two uncomparable numbers. The first number (value of AUM) is a total market value of those assets, which can't be translated as real liquid (money) value. It's the marketcap of those companies, same as bitcoin having 1.2$ trillion. Do you think bitcoin is worth half of all USD? Do you think that if every bitcoin owner decided to sell, they would together get 1.2 trillion? Nope, they would not. Same with AUM value. The second number (currency in circulation) refers to notes, coins, or any other physical forms of money that are...
yes you are right. USA and china have more than the 10.2 trillion $ assets under mgmt (hence my - black rock are third), if they liquidate their assets then they have a great deal of cash & even still a great deal to manipulate gold. They manipulate everything.

black rock have $10.2 trillion dollars in assets under mgmt, of which they can invest as they like (within protocol - which for black rock isn’t very restricting).

my point being, they know & understand the craic before it’s happened, they will use their dollars to make as
much as possible & have huge amounts of control over many aspects of the financial & governmental systems.

money rules the roost. Sad state of affairs but it is what it is.

If the hysteria is large over the weekend, the drops continue, if not we will see the 2540/2560 area imo at which point load the shorts / puts for the medium term.

Perhaps we will agree to disagree. All the best.
Que Sera
  • #37,045
  • Aug 2, 2024 1:06pm Aug 2, 2024 1:06pm
Quoting Catempire
{quote} black rock have $10.2 trillion dollars in assets under mgmt, of which they can invest as they like (within protocol - which for black rock isn’t very restricting).
You are again wrong. It is the market cap, it's not like they have 10.2 trillion in a bank account. Actually, their Cash on Hand as of March 2024 (=what they have on their bank accounts): $11.05 B. That's less than one Elon Musk paid in taxes a year or two ago.
  • #37,046
  • Aug 2, 2024 1:09pm Aug 2, 2024 1:09pm
Quoting mades
{quote} You are again wrong. It is the market cap, it's not like they have 10.2 trillion in a bank account. Actually, their Cash on Hand as of March 2024 : $11.05 B. That's less than one Elon Musk paid in taxes a year or two ago.
“if they liquidated”

everything went down today. Let’s see what next week brings.

think like blackrock & I think you’ll be ok.
Que Sera
  • #37,047
  • Aug 2, 2024 1:10pm Aug 2, 2024 1:10pm
Quoting mades
{quote} You are again wrong. It is the market cap, it's not like they have 10.2 trillion in a bank account. Actually, their Cash on Hand as of March 2024 (=what they have on their bank accounts): $11.05 B. That's less than one Elon Musk paid in taxes a year or two ago.
ps. Do you know how much black rock have tied up in gold??

I didn’t think so.

have a goodun.
Que Sera
  • #37,048
  • Aug 2, 2024 1:13pm Aug 2, 2024 1:13pm
Quoting Catempire
{quote} “if they liquidated” everything went down today. Let’s see what next week brings. think like blackrock & I think you’ll be ok.
They can't liquidate, it's not their money and they would need to find a buyer to get all that money.

I'm ok without thinking like Blackrock.

You also don't know how much exposure to gold prices Blackrock has. We can agree to disagree. Best of luck in trading.
  • #37,049
  • Aug 2, 2024 1:19pm Aug 2, 2024 1:19pm
Quoting mades
{quote} They can't liquidate, it's not their money and they would need to find a buyer to get all that money. I'm ok without thinking like Blackrock. You also don't know how much exposure to gold prices Blackrock has, don't pretend you do.
I didn’t say I did. But I also know that if I had $10.2T and knew there was a war coming, or at least the fear of it, how I would play it to “make the most amount of money”- that is after all, all they care about.

and that is the point of why (imo) gold dropped today.

funnily enough I had a similar argument with a chap (delta1) on these forums back in jan 2020 before the big Covid drops, he had a similar spin, possibly lost the plot in the process as he “sold all his family’s gold to buy the Dow” just before the big ass drop to 19000.

not saying that’s happening again, but I don’t post often.

again, have a great weekend
Que Sera
  • #37,050
  • Aug 2, 2024 1:24pm Aug 2, 2024 1:24pm
If you scroll back to the dates, pre drop on my BS ff interaction, you should be able to see these charts, pre drop.

bests.

It’s all BS until it happens.
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Que Sera
  • #37,051
  • Edited 2:02pm Aug 2, 2024 1:45pm | Edited 2:02pm
Quoting hanzohas
{quote} This must be their year end target. The sharp drop have nothing to with that or tropical storms. Most likely, it could be due to short traders that started to hedge around the top. We will se how the market will put us all on a test in coming hours/days. {image}
No no, this is a professional selloff. Goldman works like that all the time, that is their system. It is known in the banking industry.
Worked for a trading desk for over 10 years. When they release something this expect the fish to bite.
Big selloffs like this is not our pop and mom selling.
Those who don't believe in magic will never find it
  • #37,052
  • Aug 2, 2024 2:00pm Aug 2, 2024 2:00pm
good for further sink day close below 2430, otherwise monday tuesday we can see a new high
People don't plan to lose. They lose because they don't plan.
  • #37,054
  • Aug 2, 2024 2:16pm Aug 2, 2024 2:16pm
Quoting PayTheBid
{quote} No you are wrong. Goldman works like that all the time, that is their system. It is known in the banking industry. Worked for a trading desk for over 10 years. When they release something this expect the fish to bite. Big selloffs like this is not our pop and mom selling.
Their previous projection was even higher at $2700 They must have adjusted it lower to $2600, so it would be stupid bait in case.
The price was about to test the peak. Participants, regardless of size will react more dramatically on every retest. It could also jump up, what matters is how participants react on the situation.
ma ma make me happy
  • #37,056
  • Aug 2, 2024 2:51pm Aug 2, 2024 2:51pm
https://wa.me/917259693333
Gold price dives after reaching two-week high as traders book profits
Gold prices are under pressure after hitting a two-week high of $2,477 earlier during the North American session.
Formal Education Makes you a Living, But Self Education Makes you a Fortune
  • #37,057
  • Aug 2, 2024 3:07pm Aug 2, 2024 3:07pm
Why u post your whatsup nr for?
People don't plan to lose. They lose because they don't plan.
  • #37,058
  • Aug 2, 2024 4:54pm Aug 2, 2024 4:54pm
Quoting Prasadkadri
{quote} so that you could contact me?
for what? You want to sell something?
People don't plan to lose. They lose because they don't plan.
  • #37,059
  • Aug 2, 2024 4:58pm Aug 2, 2024 4:58pm
This may be a silly question, but what happens to gold if the FED announce an emergency rate cut in the coming weeks?

A cut in rates means the USD weakens and gold moves up, right?
  • #37,060
  • Aug 2, 2024 5:04pm Aug 2, 2024 5:04pm
Quoting Xauusdscalpr
This may be a silly question, but what happens to gold if the FED announce an emergency rate cut in the coming weeks? A cut in rates means the USD weakens and gold moves up, right?
normaly yes, but… thats not for sure, Gold is highly correletad to other things
People don't plan to lose. They lose because they don't plan.
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