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Re: Gold

By: De_Composed in GRITZ | Recommend this post (0)
Fri, 11 Apr 25 9:14 AM | 18 view(s)
Boardmark this board | Grits Breakfast of Champeens! 		Msg. 06570 of 06921
(This msg. is a reply to 06143 by De_Composed)
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Re: “During that time, there were days when gold rose more than $100. Such daily volatility has been subdued for 15 years. Comparable moves today would involve daily jumps of $300 or more, but all we're getting is $50 and less.”Less than two weeks later, gold has had consecutive days with about $100 increases. That's a move in the right direction, but $300 or $400 days will come.

Gold's price set a new record Friday morning


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The above is a reply to the following message:
Re: Gold
By: De_Composed in GRITZ
Mon, 31 Mar 25 2:24 PM 		Msg. 06143 of 06921

A long-term look at gold's price is eye-opening.

If you think the trend will reverse, you're wrong. Gold's long-term price inversely correlates to the buying power of our currency. There is no chance that the dollar will change direction and strengthen versus real goods - except here and there, where you pick and choose the goods... and view their price temporarily. Fiat currencies exist so that they can be abused by those in charge. The abuse will continue. Gold will continue to soar.

I've got a theory that the current bull market in gold will not end until volatility similar to what sometimes occurred in the last bull run, 2002 to 2011, takes place. During that time, there were days when gold rose more than $100. Such daily volatility has been subdued for 15 years. Comparable moves today would involve daily jumps of $300 or more, but all we're getting is $50 and less. That means this bull market has legs... long legs.








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