The debt ceiling will be raised again in Dec, and though gold might be manipulated if the dollar continues its dive nothing will hold gold price back at least in usd terms
MIGHT??? I've followed this for nearly 10 years now and it IS MANIP-MANOP
Fact! ;)
Silver/Gold prices if it was coupled to U$D: (not including derivative exposure)
Image from screen shot taken from usdebtclock.org
******************************************
(my original photo-chop)
Yes, in this current manipulated microcosm, that is a realistic number.
For someone brave enough to try and day trade in this environment.
That includes many or all of the metals retailers and middle men... ^O.o^
A good entry point would be at 1342 to 1340 where a larger demand would be expected. Breaking 1350 would open a way to test 1370 level that would be appropriate for closing or partially closing of a buy position.
Good luck gold traders!
Wait, the run up in PMs cannot happen until I make my fortune in CRYPTOS!!! :p
I want to take my crypto-stash and diversify into PMs, this HAS TO WAIT!!! lol
You may be correct, G.E. but the manipulation will reel it back in...
If the dollar falls much further nothing will hold back gold price! Paper contracts or not all metals will move higher if the dollar continues to dive!
Trump pushed the debate on raising debt ceiling out by three months, so three more months of breathing time before GOLD takes off in a big way
The debt ceiling will be raised again in Dec, and though gold might be manipulated if the dollar continues its dive nothing will hold gold price back at least in usd terms
MIGHT??? I've followed this for nearly 10 years now and it IS MANIP-MANOP
Fact! ;)
Silver/Gold prices if it was coupled to U$D: (not including derivative exposure)
Image from screen shot taken from usdebtclock.org
******************************************
(my original photo-chop)
On a side note if metals do break lower say below $1275 it's a signa to buy buy buy
Yes, in this current manipulated microcosm, that is a realistic number.
For someone brave enough to try and day trade in this environment.
That includes many or all of the metals retailers and middle men... ^O.o^
A good entry point would be at 1342 to 1340 where a larger demand would be expected. Breaking 1350 would open a way to test 1370 level that would be appropriate for closing or partially closing of a buy position.
Good luck gold traders!
Good points!
Wait, the run up in PMs cannot happen until I make my fortune in CRYPTOS!!! :p
I want to take my crypto-stash and diversify into PMs, this HAS TO WAIT!!! lol
You may be correct, G.E. but the manipulation will reel it back in...
If the dollar falls much further nothing will hold back gold price! Paper contracts or not all metals will move higher if the dollar continues to dive!
So in real terms maybe it stays level but in USD terms $1400 here we come