stock market crash

[scooterscot]

I know a guy, who lost money trading and even had to sell his house, who is doing exactly that..

Someone without a strategy.

[_V_]

Here's a different analysis

Gold is priced in dollars, what are dollars? How scarce are dollar now and in the near future?

Here's the M1 money supply.

M1 Money Stock (M1) | FRED | St. Louis Fed


Gold prices have been on a bull market since 2018 (the 5 years before that it was mostly range bound).

Here's an article at the start of this year (pre USA caring about Covid-19), talking about gold being overbought, they still expect $1300/oz

Gold rises to highest since mid-2018 on global growth woes

Now we are now at over $1900/oz

Would I start buying gold now or increasing my position in it?

No I wouldn't. The price is well above the production costs, the price of all the recent emergency money printing is already priced in.

[scooterscot]

What would be your argument then? I see your links.. are you saying US money supply is inherent to the price of gold? What about all the other currencies of the world?

Be careful not to a News article in any part of ones analysis.

I'd argue gold has been in a bull market since 2000.

[_V_]

What would be your argument then? I see your links.. are you saying US money supply is inherent to the price of gold? What about all the other currencies of the world?

Be careful not to a News article in any part of ones analysis.

I'd argue gold has been in a bull market since 2000.

I don't argue, I make my own analysis, decide entry points, monitor my decisions and act accordingly.

I'm not here to defend my views, nor give advice, nor promote myself as some kind of guru.

My only point is that gold has many drivers of price, price is in USD. What happens to USD affects the price of gold.

DYOR

[scooterscot]

I don't argue, I make my own analysis, decide entry points, monitor my decisions and act accordingly.

I'm not here to defend my views, nor give advice, nor promote myself as some kind of guru.

My only point is that gold has many drivers of price, price is in USD. What happens to USD affects the price of gold.

DYOR

Likewise. Usually this is bestowed upon you by others.

Agree, gold price action has many drives, by far the biggest at this moment in time is the narrative there is nothing more valuable to protect your wealth, not even skilled labour. Extraordinary times.

[DealorNoDeal]

I'd argue gold has been in a bull market since 2000.

I'd argue gold was in a bull market 2000-2011, and then in a bear market until 2018, and is now in a new bull market.

But whatever.

[scooterscot]

Of course technically this is true. Entered a technical bear market around 2011. However there was no re-test of the mean of the previous bull market. Throughout Gold's history the mean was always tested, now we're further away from it than ever.

[DealorNoDeal]

Of course technically this is true. Entered a technical bear market around 2011. However there was no re-test of the mean of the previous bull market. Throughout Gold's history the mean was always tested, now we're further away from it than ever.

So, technically, is gold now in a bull market?

[Zigenare]

Hmmm, you really don't like it when someone has a different view to you do you, or they make money on something you didn't make anything on?

For the record, this isn't "Whorty says so", this is what is happening. If you can't or don't want to see it too then fine. Not my problem.

Oh, the ironing!

[Whorty]

Oh, the ironing!

When that view is racist, then yes you're correct. Nothing ironic about that fella.

Edit: loving how BR14 likes all your posts Says as much about him as it does about you.