What could be in store for the Fake Paper Price of GOLD ?steemCreated with Sketch.

in gold •  17 days ago

I love Gold and Silver, they are the best stores of value in this crazy world right now, and they have always been real Money. I constantly look at charts of Gold to try and work out what will happen to the price, and i do often make the mistake of looking through rose-coloured glasses. But we must be realistic.

Here, i am going to show you, rightly or wrongly, why i am bearish on Gold right now. Yes, this is going to upset some Gold people, but i always tell it how it is. Take a look at this chart of Gold below. It is a monthly chart, giving a long term view of price movement.new10 002.jpg
Chart SOURCE ; netdania.com

I have drawn 5 main trendlines on the chart. The first one is a parallel line showing that over a period of about 4 to 5 years, the Gold price could not break through the $1360 level , even though it tested it about 11 times. Now the price is much lower. The first of the other two lines, going upward from right to left , is following the price from 2005 to the present day. While i don't consider this to be a perfect trendline, it is never the less signalling a lower price , because it has been broken to the downside. In the short term,we can possibly expect the price to go up and return to this trendline without breaking back through , so this trendline which will now act as a resistance level, and thereafter Gold should resume it's decline. The next near - horizontal line is showing where Gold could bounce upwards. If this support breaks it will confirm that even lower prices are on the way.
The fifth and lowest trendline runs from 2002 to the present day. If the trendline described above fails as support , the Gold Price will hit this line sometime around mid 2019, or possibly sooner if there is a sudden drop. This means a sub- $1000 Gold Price is on the cards. I must stress that this scenario is a possibility, not a certainty.

Keep in mind that we are talking about the manipulated Paper price of Gold here, not the price which would apply in a free market determined by supply and demand. WE HAVE NO FREE MARKETS !! With the risks to World economies today, massive debt, bankrupt Governments, hugely overpriced paper assets, and many Emerging markets with huge Economic problems, Gold should be much, much higher. The reality is that for the moment, the Gold Price is determined by corrupt forces that seek to defend the value of the US dollar.

On the bright side, there are forces emerging that could change all this, but that's a subject for another day.

Note ; This Post reflects the opinion of the Author and is not Investment Advice.

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Thanks for your analyzing. I read some articles on twitter and they say that Gold prices are going to 600 USD. Chart is important but there is also more parameters as policy, etc.. Please dont ignore the risk.

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$600 sounds extreme, but it would not surprise me. Most Gold miners would go broke at that price. There is no risk holding physical gold, and i don't play with derivatives either.

@ctral-alt-nwo, That's great analyzing of the long term view of price movement of gold. Absolutely we have see prices being down and up every time. But currently I've seen gold prices down and can't wait long term to me. I feel like it has risk. But it's only my opinion. Thanks for given your ideas.

@ctrl-alt-nwo,
Definitely with current corrupted over printed papers of money everything seems not worthy at the moment! You explained nicely the long term trading viewpoint of the market and with your experience yeah it could be 100% accurate!
I wish to hear more about crypto markets from you, specially STEEM, BTS, EOS and few other coins!
Thank you!

Cheers~

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Unfortunately, the Crypto's are just as manipulated and rigged as Gold and Silver. All these assets are a threat to the corrupt Monetary System, so they have to suppress them by any means possible. There are forces at work that might change this for the good of all of us, but there might be some more pain in the meantime.

The price of gold has become very low at the moment!
I should sell some cryptos and buy some gold!
Thanks for sharing this information.

Thanks for sharing. Shared on twitter for my followers to read. Stephen

#Promo-Steem #steemtalent #JoinSteemit #Steemit

What could be in store for the Fake Paper Price of GOLD ? #STEEM #steemtalent #JoinSteemit #Steemit @Steemit

#Gold #Silver #PreciousMetals

https://twitter.com/StephenPKendal/status/1047486940969406464

20181003_150456.jpg

you are talking my lingo! spot on....see the latest just up..I feel quite soon an explosion to the upside....silver to benefit even more.

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I am more bullish on Silver than Gold too. My opinion is that Gold still needs to move up slightly more for me to be bullish again. We'll see how the next few days play out. The Dow , S&P 500, Nasdaq and the DAX are looking fragile at the moment....on the brink of a breakdown. Next few days will be critical, but we may see the good old Plunge protection Team step in to save them again. Interesting times !!

I stopped valuing my gold and silver in $/£ value a long time ago.

I stack and count in ounces

Prices of gold being force below $1000 is only a good thing as far as collectors/stackers are concerned.

Who wouldn't want to be something when it's on sale??

Long term forecasts and the certainty that the current fiat currency system will crash and burn is enough for me to buy on the way down and on the way up.

I don't stack to become rich, I stack to stomp myself becoming poor.

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That's a great attitude. Yes, Gold is on sale at a great discount.

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Spoken like a true stacker. Long live #steemsilvergold

The more I read about the manipulated prices of gold and silver, about how fiat currencies all go to zero, and the general state of the world's economies and their debts, it makes me want to get more silver and gold. However, it's hard to know when it's the right time. And even if it's the right time, do I have enough fiat at that time to make the purchases.

I'm definitely keeping an eye on things. From what I hear, JP Morgan is getting out of their short positions, so it could be that silver is going to take off. It's hard to tell though.

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The best strategy is maybe to accumulate a little more as the price goes down. That way, you get more each time. As long as you can afford to hang on to it and not be forced to sell at a loss. Take a look at kinesis.money or Quintric. They are ways to hold metal and spend it too.

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That's my plan. I'm trying to buy what I can when I can. If the price goes up, fine because I already have some. If the price goes down, I have the chance to buy more at a discount. I'm not buying more than I can afford, because I lose money when I sell. Unless the price has gone up substantially, I don't want to be selling at all.

Gold is a great investment! I love this
durable and timeless metal.

This Golden lion of pure gold is for you, @ctrl-alt-nwo


source

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Nice, thanks for the gift !

Pretty soon Quintric is going to burn all that paper gold and we'll see that price change.

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I do hope that is the case. I was not aware of Quintric, sounds a lot like the Kinesis Monetary system.

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It's similar but has several advantages.. I want people to know about it because they use legal tender gold, which means it can be used as real money without cap gains - and we need this stuff circulating if we want to get away from fiat. Kinesis also doesn't livestream their gold, or use a scalable blockchain.. so I think Quintric has the better tech - not to mention Stan Larimer is one of the guys behind it. I wouldn't have been so sold if he wasn't on the project. Anyway, great post (and name lol). There is no doubt, we don't have free markets anymore. The Fed and the news control sentiment as well as the boom/bust. Crypto and Gold are the antidotes though.

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I'll have to read up on the "legal tender gold" thing, interesting.

the Gold price could not break through the $1360 level , even though it tested it about 11 times

That doesn't happen often does it? I mean a stock or commodity testing a price level 11 times and not breaking it. This would imply manipulation.

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Yes, absolutely manipulated.

@ctral-alt-nwo, That's great analyzing of the long term view of price movement of gold. Absolutely we have see prices being down and up every time. You explained nicely the long term trading viewpoint of the market and with your experience yeah it could be 100% accurate!
ETF has changed the path for gold now i am looking ETF for crypto.

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Don't trust the ETF's for Gold. Best to hold Physical in your own posession.

Hey a fellow gold and Silver investor. Very cool. Unfortunately I agree with many things you say here. I just listened to an interview with billionaire investor Jim Rogers....he says gold is going down before it goes way up, so he agrees with you too. However I'm not selling, just sitting tight. Hope to see the price of steem and the cryptos rally, that would be nice.

You may want to check out my father's blog @yankee-statman

He's a market veteran for over 40 years, used to be a professional stockbroker too. He does a few financial reports a week and he's been spot on.

Have a great day. From Odessa Ukraine! -Dan

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I had a look at your Fathers blog, good reading ! I can talk all day about those subjects.

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I thought you would like it. In the spirit of his son's name, he should have gone with the name world-market-pro! lol

Glag you enjoyed. He was happy to get the message from you and thanked me. Have a great day, and I'll be around.

All markets are manipulated @ctrl-alt-nwo so we have to keep vigilant and be prepared because we are just left at the mercy of the elites.

In Australia, where gold nuggets can be found in the sand on the street, the love of gold is understandable)) In our area it is not there, but here, in Moldova, we are not against gold)) Thank you for the excellent review. But, I noticed that jumps and falling prices, affects the price of gold in jewelry stores, or this effect is very weak. I do not notice this when I buy jewelry to my wife. With a low price of gold, the price of a jeweler’s work increases, with a high price of gold, jewelers keep a little less cache.

Now I understand why my wife loves gold jewelry so much - she is a investor who makes long-term investments :)

Теперь я понимаю, почему моя жена так любит золотые украшения - она является инвестором, который делает долгосрочные инвестиции :)

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The boss is always right :)

Wow! Very genius thinking. Once again I want to say a thought that is very genius and well received by my brain. Always want to wait for the next post. There are two things that do not run out if we share in this world, one of which is knowledge that is beneficial to others. Thank you!

thats was a good plan to hunt Gold or Silver,indeed this are the best value today in store.

Wish you and pray all the best to your journey. My journey today was recovering my sp back..hope it would be succes this time by powering up! :))

God Bless..

In my opinion, gold has always been and wakes up a profitable investment, if you have extra money you need to invest in gold, as this is a long-term investment

Your posts every time bring some new knowledge. I learned a bit about plants, now about solid investments. I see you like virtual and physical asets.

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Physical assets by far are my favourite !

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This makes me wonder as you have at least 10 times more SP than me :D

Good analysis report on gold . Sure it is your personal report and not an advice . But this report can help many investers . Thanks

Charts looks great sir are you a trader or investor?

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I can be both, depending on what's on offer.

Well every market is in the dip right now no matter crypto gold or stock good time to accumulate as the uptrend might be near soon hopefully

Great information sir @ctrl-alt-nwo about gold price. Gold is the most precious metal in the world. Thanks for providing the valuable market analysis about gold.

ETF has changed the path for gold now i am looking ETF for crypto.

You always invest in great things sir i love to invest in silver.

Looking like ATH is nearing for gold.

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Eventually, yes. Could be more pain before the gains though.

I have no knowledge on gold and silver prices . But your post shows that you are good in to make reports on gold prices . Thanks

You have good sense on gold and silver prediction . You made this prediction with help of your experience . Like your post

Gold and silver are always my favorites for trading.

Thanks for the information of gold price. great graphic chart and useful article.
Thanks @ctrl-alt-nwo
Have a great day

A very smart investment and extraordinary analysis. I think, experience has raised you about gold. Thank you for opening the way ...

Looks like paper trading account.

That is great analyzing report. wonderful article.
Resteem

Great analysis about gold price. I appreciate your post and your great advice. You are a great man.

I also love Gold and Silver, they are the best stores of value in this crazy world right now, and they have always been real Money. Definitely with current corrupted over printed papers of money everything seems not worthy at the moment! You explained nicely the long term trading viewpoint of the market and with your experience yeah it could be 100% accurate!

Great option and profitable investment. thanks for sharing
@ctrl-alt-nwo

Compared to other precious metals used for investment, gold has the most effective safe haven and hedging properties across a number of countries.

Hope that the Gold rise again!!!

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Patience will bring rewards.

Personally I think Gold and Cryptos(specially bitcoin) are equal as both are limited and mining system are difficult. Market also up down. As I believe holding Gold and Cryptos makes a man rich. Thanks again for your valuable article about Gold.

Crypto is a great alternative now.

Hello my sir @ctrl-alt-nwo how are you? Very wonderful post . your post is very important . Thanks for sharing your beautiful life.

Great idea to invest in gold.

Good job sir .and important post . Thanks for sharing your beautiful post.

Thank you for your insight onto how you think the gold value with fluctuate, this will really help people with little or no knowlegde of the current rate.

One of the advantages of gold is very suitable as an antidote to inflation.

I think, people have to learn a lot from you, sir.

Thanks!

Thank you for your upvote today. I have personally been involved in gold, silver investment since '02 and "the markets". I hope you'll find my work to our liking and of course accurate. Much higher prices lie directly ahead.

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Yr welcome. I can talk about this subject all day. I too have been in the markets for a long time, using a mix of fundamental and technical analysis. I'll keep an eye on your blog from now on.

I agree with your opinion, I think gold has a stable value. I often save my money in gold.
Thanks @ctrl-alt-nwo

@ctrl-alt-nwo, Good to see that you are doing an effective analysis. But when it comes to the Gold then for sure in my opinion it's an most precious than anything because it's just not an Precious Metal but there are some deep spiritual essence is also associated with the Gold.

If we deep dive in History then we can understand that Gold was associated with the Spirituality and it is also recognised as Power, that's why people who hold the more amount of gold may be they hold more control.

Wishing you an great day and stay blessed. 🙂

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He who has the Gold makes the rules !

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Absolutely agree with this point. Have a great time ahead. 🙂

Certainly with current defiled over printed papers of cash everything appears not commendable right now! You clarified pleasantly the long haul exchanging perspective of the market and with your experience better believe it could be 100% exact. @ctrl-alt-nwo

Gold coins are available in the market ranging from 0.5 grams to 50 grams in weight. So, going by current price of Rs 29,785 (as on October 11, 2017 on the Multi Commodity Exchange), the smallest gold coin you could buy, i.e. of 0.5 gms, would cost between Rs 1,800 to Rs 2,000(as on 11 October, 2017). However, availability of the denomination you wish to buy depends on the jeweller.

Great invest for gold. valuable article

That is extraordinary breaking down of the long haul perspective of value development of gold. Totally we have see costs being down and up without fail. Yet, as of now I've seen gold costs down and can hardly wait long haul to me. I sense that it has hazard. Be that as it may, it's solitary my sentiment. A debt of gratitude is in order for given your thoughts.

What sets the Gold Price – Is it the Paper Market or Physical Market?
The following article is arranged in Question and Answer (Q & A) format. Through the Q & A approach, this article raises some important issues about price discovery in the gold markets and aims to explain the view that the gold price is being set by the paper gold markets.

BullionStar’s CEO Torgny Persson and precious metals analyst Ronan Manly are of the opinion that due to the structure of contemporary gold markets, it is primarily trading activity in the paper gold markets which sets the international price of gold.

Question: The international gold price is constantly quoted in the financial media alongside other major financial indicators. What is this international gold price, and how is it defined?

The international gold price usually refers to the price of gold quoted in US Dollars per troy ounce as traded on the 24-hour global wholesale gold market (XAU/USD). Gold is traded non-stop globally during the entire business week, creating a continuum of international gold price quotes from Sunday evening New York time all the way through to Friday evening New York time. Depending on the context, this international gold price sometimes refers to a spot gold market quote, such as spot gold traded in London, and at other times may refer to the front month of a gold futures contract price as traded on the US Commodity Exchange (COMEX). The front month contract is a nearby month which will usually exhibit the highest trading volume and activity.

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COMEX quotes and manages the FAKE paper price of Gold.

Gold coins come in tamper proof packaging. Jewellers recommend that one should not tear or open the tamper-proof packaging of the gold coin in case one intends to resell it, as the packing ensures the credibility of the purity of the gold coin.

Gold (Chemical element)
Gold is a chemical element with symbol Au and atomic number 79, making it one of the higher atomic number elements that occur naturally. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal and a group 11 element.source
gold-1013618__480.jpg
image soure

Hallmarking
Government of India has set up the Bureau of Indian Standards (BIS) to ensure that consumers are not cheated while buying gold. BIS certifies gold coins and jewellery by stamping it (embossing its mark on the gold item) to certify the level of purity of the item.

There are four components that are marked on gold, namely BIS logo, purity/fineness corresponding number (for 22KT, 916 is used), logo of Assaying and Hallmarking centre, and jewellers identi .

CHAPEL HILL, N.C. (MarketWatch) — Even with core inflation heating up, gold is overvalued.

That’s important, since many gold traders are giving inflation much of the credit for the precious metal’s 6.2% rise so far this year. Their argument certainly appears to make sense, since the U.S. government recently reported that core inflation — inflation after excluding energy and food — is now running at a 2.1% annual rate. That’s the highest since July 2012.

Yet gold bulls’ argument isn’t as strong as it otherwise might appear. Because gold’s inflation-adjusted price remains well above its historical average, inflation would have to heat up by a whole lot more to justify gold’s current price, much less a higher one.

https://www.marketwatch.com/story/gold-has-no-business-being-this-expensive-2016-02-03

Opinion: Gold has a lot going for it this year — and it’s not only because of Trump

Concern over weak earnings and a stock market correction sets up a gold trade

Gold had a ho-hum 2016 on paper, as the precious metal rose 9%, in line with the S&P 500 index and the Nasdaq 100 Index.

That said, the details on gold’s recent performance are anything but boring.

A year ago, gold prices briefly traded under $1,050 an ounce for the first time in six years, thanks to a strong dollar holding back commodity prices and investor demand for stocks over safe-haven assets. Gold US:GCG7 then steadily rose up to almost $1,400 an ounce by July, as the uncertainty of the Brexit vote and the U.S. presidential election weighed on global markets. But after Election Day in the U.S. sparked a “risk-on” rally in stocks, gold fell out of favor in a hurry and bottomed out in the low-$1,100s in December.

https://www.marketwatch.com/story/gold-has-a-lot-going-for-it-this-year-and-its-not-only-because-of-trump-2017-01-18

☺️ I love gold and silver but not this way I like to wear this color and jewels 🍒

Gold can be bought in many shapes, forms, and sizes. People buy gold not only in the form of jewellery and bars, they even purchase coins. For those looking at buying gold coins, here are 7 things you must know.

  1. Purity of gold coins
    There are two ways to measure the purity of gold coins - Karat and fineness. Karat is the more commonly used measure of gold purity. 24 Karat (KT) is considered to be the purest form of gold which contains 24/24 parts of gold. Similarly, 22KT gold contains 22 parts of gold and 2 parts of other metals such as zinc or silver to make it more durable while making jewellery.

Fineness is another parameter used to measure the purity of gold and is mainly to find the purity of 24KT gold. As per the World Gold Council's website, even 'pure' gold can contain minute amounts of mixed impurities which the manufacturer has not been able to remove. Fineness is defined as weight of precious metal (such as gold) in proportion to the total weight (which includes alloy and impurities). It is expressed in units of parts per 1,000. The purest form of gold, i.e. 24KT, when measured in fineness shows 999.9 parts per thousand of purity.
https://economictimes.indiatimes.com/wealth/spend/7-things-to-know-while-buying-gold-coins/articleshow/61036052.cms

Very amazing post... wow that's a awesome gold...

The expense of gold has ended up being low at the present time! I should offer some cryptos and get some gold! An obligation of appreciation is all together to share this information.