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Gold hits all time record high!

Buck

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#2
while the gutter metal sits at half it's all time high...where's the slingshot?
 

the_shootist

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#3

Buck

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yes it is...it's nice to see some attention but how 'bout being noticed as 'being the "pretty one"...'

that's where the drop in the GSR comes in...'that's my gal'

code for : to the moon, silver's got some catching up to do
 

TAEZZAR

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#6
yes it is...it's nice to see some attention but how 'bout being noticed as 'being the "pretty one"...'

that's where the drop in the GSR comes in...'that's my gal'

code for : to the moon, silver's got some catching up to do
Percentage wise, silver is climbing faster. :finished::finished::finished::oriental:
TIGHT JEANS.gif
 

Buck

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#7
she's always worth sitting up for...
 

edsl48

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#8
More investment porn

Gold Hits New Record High and There's More to Come

Mish
12 hours ago

Gold futures just touched $1928 taking out the Intraday high of $1923.70 in 2011.
11-Week Run
Gold is on a huge 11-week run. The last time gold did that was at the 2011 high.
Is a pullback in order? A Gold COT chart says otherwise.
Gold COT Chart

Understanding Futures
In the futures world there is a short for every long.
The first horizontal box has Large Specs, Small Specs, and Commercials. This is It's Old COT reporting.
The second box distinguishes producers from the swap dealers (i.e. market makers). This is New COT reporting.
Those are the actual data links for the above chart.
Large Specs, Small Specs, Unreportable Positions
Large specs are generally hedge funds that trade futures in size. Small Specs are typically individual traders.
Sometimes small specs are called unreportable positions. If you are big enough you have to tell the CTFC what your position is.
Producers
The producers mine gold and sell it via futures. They are always short.

Swap Dealers
The Swap Dealers are commercial market makers who take the other side of the trade. They do so because as Market Makers they have to. It's their business to make a trade.
The swap dealers are hedged. They do not much care if prices rise of fall. If that was not the case, they would be blown out of the water on big, sustained rallies. That does not imply honesty as the dealers have been caught manipulating. Rather, they manipulate if their hedges get out of balance or they see a chance to profit. The latter could be in either direction, up or down in the price of gold.
Commercials
The commercials are the Swap Dealers + the Producers + the Manufacturers or Jewelry maker who buy gold to use it. It is a confusing mix which is what brought about the disaggregated reports (the New Cot reporting).
We frequently hear things like "commercials covered" their shorts or the commercials are the "smart money".
That is nonsense. The producers don't buy gold and the swap dealers are hedged (long gold and short equivalent futures). There is nothing "smart" about being forced to take the other side of a trade.
This subject comes up all the time.
For example, on December 27, Tom McClellan said "Gold COT Data Call for More of a Drop"
Gold was at the $1500 level.
On March 12, McClellan said Gold Moving Lower Despite Covid-19.

McClellan said "Gold prices should start trending down now, and for the next 5 years, according to this week’s chart."
Managed Money
Managed money is a way of disaggregating the Big Specs from the Commercials. Some people consider the big specs to be the "smart money" and the small specs to be the "dumb money".
Reporting Frequency
Cot reports come out on Friday for the previous Tuesday. Thus the above chart (except for the price, reflects Tuesday, July 21.
Every week, we do not know what happened between Tuesday and Friday.
Room to Run
Analysis of the Gold COT Chart suggests there is still plenty of room left to run. Details show why.

  • Normally, gold advances in the short- to mid-term as the big specs or managed money expands position.
  • The opposite occurs during long liquidations.
That is what prompted me to write on April 6, 2020 Gold's New Breakout is Very Bullish: Here's Why.

It is bullish that gold advanced with smart managed money missing most of the move. At some point FOMO kicks in.
A pullback can happen at any time, including now, but the fundamentals for further advancement: monetary printing, COTs, and of course faith in central banks are firmly in place.
Mish

https://www.thestreet.com/mishtalk/economics/gold-hits-new-record-high-and-theres-more-to-come
 

Casey Jones

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#9

TAEZZAR

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#10
A pullback can happen at any time, including now, but the fundamentals for further advancement: monetary printing, COTs, and of course faith in central banks are firmly in place.
Where ? :don't    know2::rotf::rotf::rotf:
 

TAEZZAR

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#11
Better hope not, at least not right away.

Infinity gold means the dollar is valueless. And there's more downside to that than upside...even from where we're standing. How will you buy groceries, for example? How will large-scale commerce, of the kind that stocks your grocery-store, happen?
Well, here is the dollar value, PER THE FED, in 2018. I did the projection to 2020.
HOW MUCH WORSE CAN IT GET ???
All these TRILLIONS OF $$$$$$$$$$$$$$$$$$$$$$$$$$ in helicopter money has absofuckinglutely destroyed any value that was remaining in our illegal, Unconstitutional, fiat Debt Notes !!!
WE HAVE NO "MONEY" !!!
PM's are ALL we have & the market will eventually determine their value. Like it or not ! :angry then happy::make happy 2: :bombs 8:

dollar 2020.png
 

Casey Jones

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#12
Well, here is the dollar value, PER THE FED, in 2018. I did the projection to 2020.
HOW MUCH WORSE CAN IT GET ???
All these TRILLIONS OF $$$$$$$$$$$$$$$$$$$$$$$$$$ in helicopter money has absofuckinglutely destroyed any value that was remaining in our illegal, Unconstitutional, fiat Debt Notes !!!
WE HAVE NO "MONEY" !!!
PM's are ALL we have & the market will eventually determine their value. Like it or not ! :angry then happy::make happy 2::bombs 8:
Not arguing.

I'm just pointing out a caution. Or a certainty, if, as, when.

Gold is the thing for preserving store of savings - but it will be useless when there's no money, no law enforcement, and 'groids roamin outta da 'hood. There will be no food delivery to retailers, when the crash unfolds, and no one will want gold OR dollars.
 

Son of Gloin

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#13
Not arguing.

I'm just pointing out a caution. Or a certainty, if, as, when.

Gold is the thing for preserving store of savings - but it will be useless when there's no money, no law enforcement, and 'groids roamin outta da 'hood. There will be no food delivery to retailers, when the crash unfolds, and no one will want gold OR dollars.
But even so, if everything ends up as you think it will, which would you rather be holding onto, gold or dollars?
 

TAEZZAR

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#14
Not arguing.

I'm just pointing out a caution. Or a certainty, if, as, when.

Gold is the thing for preserving store of savings - but it will be useless when there's no money, no law enforcement, and 'groids roamin outta da 'hood. There will be no food delivery to retailers, when the crash unfolds, and no one will want gold OR dollars.
OK, you cannot EAT gold, BUT it, and silver, may well be the medium of equilibrium in an uneven barter !
:gold::fishing::hunt:
 

Casey Jones

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#15
But even so, if everything ends up as you think it will, which would you rather be holding onto, gold or dollars?

No argument, as I said.

I'm just saying that when what cannot be avoided, plays out...it will not be a happy day.
 

EO 11110

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#16
1595868191716.png
 

Casey Jones

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#17
Huh?

Are you saying gold...."makes that possible"?

Well...sure, eventually. Once some sort of stasis returns.

Meantime, though...there's an unfunny spoof video that lampoons Internet porn...where the accented foreign guy has a casting-couch session in a hotel room. Apparently that's a porn staple from European producers. Except the sweet young thing, obviously shy and nervous, whips out a semiautomatic handgun and blows Porn Producer away.

That is the more-likely outcome if stackers want to rent hi-quality strange while staying at the Hilton.
 

TAEZZAR

LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH
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#18
but it will be useless when there's no money, no law enforcement, and 'groids roamin outta da 'hood.
We have this NOW, AND they don't dare come near my place. I have a 350 foot driveway AND they would make great Bowling Pins. Many here know EXACTLY what that means !
:hunt::hang::shit happens::totally steamed:
 

TAEZZAR

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#19

SongSungAU

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