RE:Oh my, will gold go down again today?Goldenpou wrote: Gold will go down again today because the governments like to make sure it is steady and controlled, so around $17 down towards $27 is todays control measure.
Gold is shunned by the US investment community
Gold stocks will go down 3-4% today and will lose all interest for small investors
The US dollar will explode upwards when the debt celiing thing is finished = stability, gold will suffer immensely contrary to quacks pretending to know gold saying that is what is preventing gold from exploding, it is the opposite when a deal is reached gold will sell humongously
It is so easy to program algorithms to shot gold because of big gaps between prices, plus it is news sensitive so when sellers start selling onnews a computer program can bring it down easy with the micro second panic gaps that come into play, very easy and fast, minutes
Gols shorting is very profitable and volumes are just not there upwards, look at the billion dollar fines the manipulators of wall street were stuck with
Volume on gold stocks are extremely low so brokers are not recommending it, plus they are always surprising us look at Centerra
Gold cant compete with crypto and tech and AI for quick profits , easy and fun, anyone under 50 does not enter the gold casino , it is empty
Sorry but your gold will go down big big time when the fed continues to raise interest rates making buying bonds a sure and safe thing with great returns
Gold is a metal and a luxury one so when there is no money that is disposable income nobody buys,
on the contrry people sell
Gold stock historically crash and burn when a stock market crash begins, everyone sells their stock
The gold dreamers are like panners who are eternally optimistic and come back broke
Sell sell sell
Yes gold can go down. Maybe back to 1650 or below. Look what happened between 2011 and 2014. A lot of people got burned really bad. But this is a cyclical business probably more than other resources. One must have a long term view. Long term is not one year. It's 10 years. Can you deal with it. I'm not happy about it but I shrunk my gold miners holdings 70% in 2021 because I saw it was rolling over. Was I 100% sure? No but I figured I'd play it safe and take most of the profits off the table. Next round up?? No one knows. It's hard to catch the bottom but at least if you see gold spiking to record highs...2200 and up its a good time to put more money there. You may not catch all the gains but you'll catch a good part. In the mean time let what miners you have sink and sink. Make sure to try get rid of the ones ones that are at risk of bamkrupty and add a little to the ones that are good and dirt cheap