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Will Price of Gold Test all time high this year, Year 2020?
#11
(01-08-2020, 12:42 AM)hunter Wrote: Just in first of the week of Year 2020, Gold just Pass $1,600 about half hour ago...

I like the chance... We will see...

I would be not  surprised if Gold price, now closed around $1,643 ,  attacks  $1,700  next  week... 
Still too early to see... But this year really looks like gold bull in charge....
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#12
Yes unsettled times ahead with corona virus really goosing the price right now. Starting to look over bought technically short term, but not long term. I'll take the bet it goes to 2000 this year.
Monty Python: “There are a great many people in the country today, who through no fault of their own, are sane.”
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#13
Driven by Kung Fu Flu
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#14
(02-23-2020, 06:45 PM)andrew_o Wrote: Driven by Kung Fu Flu

Nope! The real force is money PRINTING!!! World wide.....  And it looks like it is reckoning time...
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#15
(02-23-2020, 07:02 PM)hunter Wrote:
(02-23-2020, 06:45 PM)andrew_o Wrote: Driven by Kung Fu Flu

Nope! The real force is money PRINTING!!! World wide.....  And it looks like it is reckoning time...

.
oh that sounds right,
I was wondering why the Covid19 would cause Gold price increase,
now I got it.

HOWEVER in the interest of literal accuracy, it is always a multi sided equation "money printing vs production (productivity)"

I'm thinking the small amount of extra money printing for this epidemic was much less of a factor than the decrease in production and productivity level to offset that extra money.

but then, shouldn't there be less consumption to match to the decreased production?
hence, we may see much more inflation (gold price increase) in the bounce UP once things get more back to normal and that extra money demands goods that don't exist.
the final catalyst
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#16
(01-09-2020, 06:20 PM)aqua Wrote:
(01-08-2020, 08:53 PM)hunter Wrote:
(01-08-2020, 03:12 PM)aqua Wrote:
(01-08-2020, 12:42 AM)hunter Wrote: Just in first of the week of Year 2020, Gold just Pass $1,600 about half hour ago...

I like the chance... We will see...

It is back down to $1580 this morning. 

With a war in the offing, difficult to say.

Well, Gold just soars too fast and too high.  A bit pause is healthy.  Year 2020 is still very young. Way to go!

$1551 a moment ago.  Now that Donnie has declared "victory" over Iran the war scare (and gold price) seems to be fading (for now, anyway).
Gold just tested $1,700 moment ago... It's only in March.. I feel it will be big year for gold this year. ... But I never thought gold could soar so fast... 

BTW dow future drops like rock - down more 1k... And oil dropped more than 20%...
Year 2008 again????? 
It is kind of scare...
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#17
Big drop in the stawk market this morning.

Dow down 2,013 points.

Nasdaq down 625 points.

[Image: fpDJIA-big.gqplus?rand=534372645]

x

[Image: fpNASDAQ-big.gqplus?rand=534372645]

Gold price is up 50¢ an ounce.

Does not sound like a flight to safety thing to me.

Silver: $17.07 [Image: down.gif] -0.28

  Gold: $1674.20 [Image: up.gif] 0.50
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