Is Gold about to drop Hundreds of Dollars?

Schwarzkunst-Zauberlei

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In all fairness, though, employment rates are not an indication of a good economy. A good economy is one which has low state debt, & debt in general, an abundance of resource, with which the national, or trans-national, currency is in proper inflationary concurrence with, as well as various other minor issues, more to do with pedagogy, & culture. As long as people are fed, sheltered, not in debt, educated, & in a thriving, cultural environment, not everyone will even need to work all the time.
 

DS86DS

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In all fairness, though, employment rates are not an indication of a good economy. A good economy is one which has low state debt, & debt in general, an abundance of resource, with which the national, or trans-national, currency is in proper inflationary concurrence with, as well as various other minor issues, more to do with pedagogy, & culture. As long as people are fed, sheltered, not in debt, educated, & in a thriving, cultural environment, not everyone will even need to work all the time.
Jewish run corporate capitalism and greed will see to it that such a prospect never becomes reality. Greed and financial accumulation at all costs from an enslaved workforce is the order of the day.
 

bells of shandon

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What we have today is Finance Capitalism, money chasing money in a Casino system. making nothing of consequence, not a crust of bread. Finance Capitalism is essentially gambling ,looking for short term profits.
Only Industrial Capitalism brings benefits to the People. creating real wealth in manufacture of goods ,food production, services and employment. Industrial Capitalism invests in research ,skills ,equipment , marketing, design, and returns are long term.
 
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jon 1000's of irish f

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An interesting article here that suggests that gold prices may be about to enter a period of steep decline. As I write, gold is trading at 1506 USD per ounce. A couple of weeks ago it traded at 1556. These are financial crisis prices. And yet, we're certainly not in a financial crisis. What does appear to be happening is that Europe has joined Japan and South Korea in a demographic winter, where lack of new babies means low interest rates and low profits for companies. The USA is likely to join us within a couple of years. But, this is not a financial crisis. It's just a slow - very slow - death of Capitalism. I think the fall in cryptos may be down to the same factors.

In my experience of trading financial markets, I'd say the biggest single influence is boredom - simple boredom. People get used to any situation very quickly and they just get bored with it. Nothing more sophisticated than that. I think traders are now bored with the China Vs USA trade war and they're bored with Brexit. Bad news about these things doesn't make them as fearful as it used to. The article below makes the interesting point that gold and silver miners are not doing well. That would be a sign that the market does not believe gold and silver are staying high in the long term.

Another point that I noticed last week is that during September, Western banks and institutions make record loans to emerging market economies. This shows that Western institutions do not expect any sort of financial crisis in the foreseeable future. Of course, they can be wrong, and they have been in the past, but we have to go on what we see before us.

I'm short gold myself. Targeting 1400 in the medium term. But, gold could be going a lot lower than that.

nope china's on holiday back 9th oct. the riggers are busy... Golden Week (China) - Wikipedia
 
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Tadhg Gaelach

Tadhg Gaelach

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You realise it's impossible to kill capitalism ?

I suppose you always have remnants of past systems surviving for long times. There's still quite a bit of Feudalism about.
 
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Tadhg Gaelach

Tadhg Gaelach

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Why did Italy manage to develop a system of food vouchers, when Russia was still using Rubles, & begun their revolution long before Italy?

A lot of Socialist countries had food vouchers. Iraq had such a system until the Yank criminals invaded. I believe Syria still does.
 
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Tadhg Gaelach

Tadhg Gaelach

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I had great fun on P. ie in 2007 and 8 because very few saw the crunch coming.
Well that is as nothing, compared to what is seeping in now. There is a fantastic episode of Star Trek the Next Generation when they they get caught in a time warp and they find that time is frozen for them in the future and they see to their horror that the engine core has been breached. Pichard asks what can be done, but the answer is nothing, as it has already occurred.
Likewise imo now, the 11 years bubble has been popped, it can not be reininflated. It was popped not alone by the rates being raised but at least as important imo is the Quantative Tightening that only now is ending this month or maybe last. This is just the opposite to easing. Instead of printing vast amounts of money they simply unprint them and make them disappear. To make it appear they will buy assets in the open market with digital money from noplace that goes into the economy as real money. The opposite is just selling these assets back into the market and the money received from the buyers, simply disappears. If you find this hard to grasp, well don't worry, because it is so ridiculous that no sane person would accept it if they could.
But the important thing is that the money supply would be lowered when a bubble needs an every increasing money supply, actually at an exponential rate. It did not need an Einstein to figure out that this would result.

What is coming can not be avoided. The ship is going down and women and children are on their own and so is everyone else.
What I will be discussing is how I myself intend to avoid this.

If Trump and Xi patch up a deal and Trump announces a new round of tax cuts for next year, you could well see another two years of strong growth in the USA before any real recession would set in.
 
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Tadhg Gaelach

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Is it not strange that these countries both ca/ome under a new type of 'Ba'ath' National 'Socialism', though?

Not really when you consider that they were national first and socialist second. Their Socialism was a natural result of their Nationalism.
 

Schwarzkunst-Zauberlei

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If Trump and Xi patch up a deal and Trump announces a new round of tax cuts for next year, you could well see another two years of strong growth in the USA before any real recession would set in.
What happens in the US is irrelevant. It has no, & will never have, potential for change, since the New Deal, possibly since the civil war. Lincoln said that the Jews were always the number one enemy, not the Confederacy. People seem to have forgotten that. The US will always be a force to be reckoned with, but luckily the Russians are the one's who decided the war, & will no longer side with the tribe.
 
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