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Gold Back Under $1,900 as U.S. Yields, Dollar Surge on Jobs Data

the_shootist

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Dunno about getting rich but you might get lucky. Not the time to give up.
It's more about not becoming poor than it is becoming rich IMHO
 

Avalon

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Dunno about getting rich but you might get lucky. Not the time to give up.
I have no regrets...Im not so sure all those predictions of zillion dollar gold will not come true. its just the world will be a horrible place if it does. Still its better to own some than not but preps should come first.
 

Lancers32

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I have no regrets...Im not so sure all those predictions of zillion dollar gold will not come true. its just the world will be a horrible place if it does. Still its better to own some than not but preps should come first.


I don't know about that. The world isn't a horrible place because the stock market is up by a factor of more than 40 the past 40 years.
 

Avalon

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I don't know about that. The world isn't a horrible place because the stock market is up by a factor of more than 40 the past 40 years.
I'm not talking about the stock market. My fear is hungry Americans!!!! If people fought and stampeded over toilet paper what do you think will happen with food.
 

Lancers32

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I'm not talking about the stock market. My fear is hungry Americans!!!! If people fought and stampeded over toilet paper what do you think will happen with food.
That will happen with Gold at 1K or 10K. Food shortages are not dependent upon Gold's price.
 

the_shootist

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Found this posted somewhere in the internet swamp


FWIW

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Joe King

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the_shootist

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the_shootist

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1623434400192.png
 

the_shootist

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savvydon

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That was the myth we all bought into. Go to school, get a good job, settle down, raise a family.

Unfortunately, it took almost a whole lifetime to figure out we were wage slaves to the rigged system.
20 years of schooling and they put you on the day shift.
 

Avalon

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you guys can thank me for the buying opportunity :belly laugh:


(Kitco News) - Gold has been moving lower in recent sessions but the precious metal is coming up to some important support zones. Relatively speaking gold has been performing well recently and this bout of weakness could be in response to the rise in the U.S. dollar and some profit-taking.
Looking at the 4-hour futures chart below, the price is coming up to the previous wave low. Just below that there is a vacuum of low volume at the green shaded area near $1846.6/oz. Below that there is another zone to watch but only if the bears get more control of the market. That level is just above the psychological $1800/oz area.
Interestingly, on the price moves lower that has not been as much volume as there was when the market was trending higher. This is usually a good sign that this is just a retracement and not a reversal. There was also a trendline break and normally when this occurs the price often retests the trendline and it can be a good technical signal.
If this is just to be a small blip in an otherwise solid trend the bulls will be aiming to take out the high at $1919.2/oz. They will have to make it through some traffic at the mean value area near $1896.6/oz but if it does happen then $2K could be next.
 
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GOLDBRIX

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funny you should mention that. My daughter wants to convert her daughters little college fund into gold. Its not that much money but I think its a grand idea.
If you have those funds in a Coverdell IRA or any IRA for Education Purposes (excluding ROTH) there may be penalties and taxes for "early withdraw(s)".
DYODD
 

GOLDBRIX

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I don't know about that. The world isn't a horrible place because the stock market is up by a factor of more than 40 the past 40 years.
The US would be in a Recession or Depression if it were not for the FEDERAL RESERVE buying equities/shares at the stock market of most major companies.
Ever since the first Q.E.
Borrowed Time Tic, Toc,Tic, Toc.....
 

Avalon

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If you have those funds in a Coverdell IRA or any IRA for Education Purposes (excluding ROTH) there may be penalties and taxes for "early withdraw(s)".
DYODD
its just a little fat cat account.. Its not that much money but why let the government steal it.
 

the_shootist

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I bought gold on Friday, its down $28 today....you're welcome everyone! :rage 1
 

the_shootist

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Avalon

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I bought gold on Friday, its down $28 today....you're welcome everyone! :rage 1
I took a stroll to check prices. The premiums are not down much and neither is the price. It isn't reflecting much of a drop yet.
 

the_shootist

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I took a stroll to check prices. The premiums are not down much and neither is the price. It isn't reflecting much of a drop yet.
The premium % prices aren't down but the prices are. This is down $36 from Friday

 

chieftain

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Gold might go under $1800 if this smackdown continues.
 

Avalon

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the_shootist

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now , now... dollar cost average. :2 thumbs up:
I move FRNs into real money whenever there's a dip. I'm not too concerned with dollar cost averaging any more. Time grows short and the dollar is fluttering. When it goes down hard everyone with a buck in the bank will be searching for shelter. By then it will be too late to move any more paper
 

the_shootist

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nowon

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He's pretty good as far as regular technical analysis goes, so it gives a read on how the majority of the market should react.

Regarding expectations, remember that the Fed is owned by banks, bullion manipulators included, so if they hammer before the meeting odds are they know the news are likely to raise prices. Else they would float the price before to trap people into loosing after the news...2c
 

Lancers32

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The US would be in a Recession or Depression if it were not for the FEDERAL RESERVE buying equities/shares at the stock market of most major companies.
Ever since the first Q.E.
Borrowed Time Tic, Toc,Tic, Toc.....
Been hearing that for the past 15 years or more but at some point you will likely be right.
 

GOLDBRIX

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