RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Up 7.2% an You know, you were making a positive impression on me until you mentioned shorter or paid basher. Good God, everyone who says the least bit thing negative to someone else's stance on these BBs has to instantly become a paid basher or a shorter... the best way to respond in my mind is to stay "grow the $&@$ up!
How can a 400 ton sale day in gold be a one-off occurance if everyone thinks that gold is the place to be?
https://www.zerohedge.com/news/2013-04-15/gold-crush-started-400-ton-friday-forced-sale-comex
You guys might think that there is only one direction for gold, but I think you've been blinded by your love for the pretty look.
The fact remains, that in the last 100 years, there has been one opportunity to make any significant amount of money on gold, and that has been in the last 10 years... and you had to have held it for 10 years to realize the full benefit of the move. Ten years to get a 5 bagger, when the average investment in an average year will double every 7 years.
Let me put it this way. Lets say you always wanted a show pony. They typically sold in the range of $3000.00 each. Now that they have gone to $15,000.00 you think it's a great time to buy!
I'll tell you what... you can think what you want, but no reasonable Mom and Pop buyers and going to flesh out $1,400.00 an ounce for the same gold they could have bought at $300.00 ten years ago and didn't.
And your central bank trading theory... don't you think there were trades in gold when it was $300.00 an ounce?