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Make More Money - Eliminate DRAMA 11 replies

Just posting my trades, everyone is welcome but no drama 2 replies

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Gold with No Drama

  • #58,581
  • Jun 21, 5:11am (6 hr ago) Jun 21, 5:11am (6 hr ago)
Quoting Zebi
{quote} wrong about what?

about the relation between Gold and War.

In general Gold incorporates the worst case scenario. Like: what if that money is totally gone from the table.

In current situation damage is low,
however there are countries which will keep their reserves more in Gold then before the war and especially not in usa.
  • #58,582
  • Jun 21, 6:08am (5 hr ago) Jun 21, 6:08am (5 hr ago)
with closing of strait of Hormuz again
and attacks on Lebanon being continued despite the agreement
rn situations seem to be quite bearish for gold
till now iam expecting gap down
but who knows any fake tweet overnight can come and lead to fake pump
next weeks 4000 and below is what i expect lets see
  • #58,583
  • Jun 21, 6:28am (4 hr ago) Jun 21, 6:28am (4 hr ago)
Weekend Gold:

https://www.ig.com/en/indices/market...s/weekend-gold


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In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #58,584
  • Jun 21, 7:59am (3 hr ago) Jun 21, 7:59am (3 hr ago)
price may bounce to this level next few days and ill short from there
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short trump and go long the deepstate
  • #58,585
  • Jun 21, 8:19am (2 hr 53 min ago) Jun 21, 8:19am (2 hr 53 min ago)
Vance In Switzerland As High-Stakes Iran Talks Get Underway: What We Know So Far

https://www.zerohedge.com/geopolitic...we-know-so-far
  • #58,586
  • Jun 21, 8:21am (2 hr 51 min ago) Jun 21, 8:21am (2 hr 51 min ago)
Via Aljazeera

Trump commited to ‘full regional ceasefire’, says US VP
Here’s more from Vance at the Switzerland talks:

  1. We’ve seen great progress over the last couple of days in ensuring ceasefire in Lebanon holds.
  2. Trump is committed to see a full regional ceasefire.
  3. These kinds of ceasefires are always “a little bit messy”.
  4. The ⁠technical negotiations may ⁠not solve every disagreement but it ⁠will allow us ⁠to ⁠sit together ⁠as ⁠teams for the first time in history.

  • #58,587
  • Jun 21, 8:33am (2 hr 39 min ago) Jun 21, 8:33am (2 hr 39 min ago)
Quoting Eren10
{quote} about the relation between Gold and War. In general Gold incorporates the worst case scenario. Like: what if that money is totally gone from the table. In current situation damage is low, however there are countries which will keep their reserves more in Gold then before the war and especially not in usa.

i dont know how this modern urban legend concerning war and gold started or even who started it but seems it happened after ww2

while black market gold prices did go up in countries defeated by germany because their paper money became worthless the official price of gold all over the world stayed the same cause america had gold pegged at 35 dollars ...so when theres another world war gold prices may spike up

heres another example and this one is a bigger war that bush started with iraq in 2003....comments in the chart

to be continued
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short trump and go long the deepstate
  • #58,588
  • Jun 21, 8:44am (2 hr 27 min ago) Jun 21, 8:44am (2 hr 27 min ago)
now switchin to the bigger picture

gold was mired in that 20 year range at the lows post the hunt brothers attempted cornering of the silver market in 1980

so gold went up not so much of bushs war but because it diidnt have much more to fall and bulls used the inflation of the "war" as an excuse to push up gold LOL

read up on news reports from that time how everyone was scared of of a repeat of 1970's inflation

anyways ill keep shorting gold till it bottoms out and ranges in the 3300 dollar area even if another war starts since this bull market was all about trumps illegal tariffs
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short trump and go long the deepstate
  • #58,589
  • Last Post: Jun 21, 9:57am (1 hr 15 min ago) Jun 21, 9:57am (1 hr 15 min ago)
Quoting Zebi
now switchin to the bigger picture gold was mired in that 20 year range at the lows post the hunt brothers attempted cornering of the silver market in 1980 so gold went up not so much of bushs war but because it diidnt have much more to fall and bulls used the inflation of the "war" as an excuse to push up gold LOL read up on news reports from that time how everyone was scared of of a repeat of 1970's inflation anyways ill keep shorting gold till it bottoms out and ranges in the 3300 dollar area even if another war starts since this bull market...
If they don’t defend 4000 then we go probably to 3500
levels first indeed.

the thing with gold is maybe over 10 years dollars will be worthless, but Gold will still then have important value.
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