Posted:
#1
when is it going to explode??? if ever?? iv heared in for years gold at 5k or more, will we see the dollar collapse anytime soon???
gold /silver
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Views: 1133
Posts: 17
Posted:
#3
To move gold or silver you need one main thing..
Inflation!
Gold is an inflation hedge, silver is not at all but is the ugly friend who tails along and benefits due to perceived similarities and cheap relative price.
Without inflation or some huge financial shock I dont see how gold moves outside its current trading range.
I would not touch gold over 1k and if I were to consider silver (doubtful ever) it would be under 10.
Maybe it happens, maybe not...but I do not see inflation anywhere and if there ever is inflation then central banks will squash it.
In order to have inflation you need demand, if we had real demand then companies would be hiring real jobs..I dont see demand or inflation enough to warrant metals moving much.
Posted:
#6
Quote Originally Posted by wallstreetcappers:
To move gold or silver you need one main thing..
To move gold or silver you need one main thing..
Inflation!
Gold is an inflation hedge, silver is not at all but is the ugly friend who tails along and benefits due to perceived similarities and cheap relative price.
Without inflation or some huge financial shock I dont see how gold moves outside its current trading range.
I would not touch gold over 1k and if I were to consider silver (doubtful ever) it would be under 10.
Maybe it happens, maybe not...but I do not see inflation anywhere and if there ever is inflation then central banks will squash it.
In order to have inflation you need demand, if we had real demand then companies would be hiring real jobs..I dont see demand or inflation enough to warrant metals moving much.
Don't forget War, or another country deciding to leave the EU. It won't happen anytime soon but they are possible drivers.
Posted:
#7
^ I don't think the latter of the two is happening anytime soon. In fact, Europe is seen as a driver of global growth, recently.
War? Unless, something crazy happens in NK sometime soon..
On a final note, there is a lot of complacency in the market, so it will not take much to uproot that confidence , when asset values are rich... This is an important note..
Posted:
#11
Quote Originally Posted by Slobbasaurus:
Wall,
Wall,
Is there a big correlation between the Price of oil and Precious Metals and Mining stocks?
I'm curious to read to see your thoughts about this. 
Not directly to me..
I think the anticipation of future price move does move miners, so if people THINK that gold will go higher and even if it hasnt yet, they will anticipate and buy...and sell inversely.
Oil and miners, not really except oil can be an inflationary cause/effect for metals of course.
Posted:
#13
Quote Originally Posted by wallstreetcappers:
Not directly to me..
I think the anticipation of future price move does move miners, so if people THINK that gold will go higher and even if it hasnt yet, they will anticipate and buy...and sell inversely.
Oil and miners, not really except oil can be an inflationary cause/effect for metals of course.
As always, I appreciate your input.
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