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Re: 24Knews Gold Thread

Posted: Sun May 09, 2021 7:55 am
by Pixel8r

Bottom post of the previous page:

Acton Boy wrote: Sun May 09, 2021 7:23 am Cup and handle in gold chart looking promising ...... 😀

https://www.seeitmarket.com/gold-price- ... -the-moon/
I prefer the massive 40-year cup & handle in silver, that truly will be a move to the moon. In technical analysis, they measure the projected move from a cup & handle by adding the depth of the cup. :thumbup:

Re: 24Knews Gold Thread

Posted: Wed May 12, 2021 12:05 am
by Pixel8r
I had to turn my VPN to US to read this.

Basel III and Gold

36%. That is how much the gold price has moved up since we last mentioned Basel III, in this article from April of 2019. We projected then that gold would likely move up in price steadily over time as we got closer to full implementation of these international banking accords. In actuality, the gold price has moved up an average of 1.35% per month since then, yielding more in a month than a five-year CD account pays in interest for a full year. While full implementation of the Basel III rules has been pushed back until January 1, 2022, the largest players in the gold market (USA, Switzerland, EU nations) have targeted June 28, 2021 as the date by which they plan to be in compliance. This shift in behavior implies that significant changes in the precious metals markets lie just ahead, with famed commodities trader Andrew Maguire calling for a $500 boost for gold and a $10-$12 boost for silver over the next 20 weeks.

What is all this about? We have written extensively before about the growing disconnect between paper metal, or the spot price, and the prices and premiums required to purchase actual metal. This disconnect has grown larger in 2021, with the market seeing some of the highest premiums over spot so far being added to the purchase price of precious metals. The spot price is becoming increasingly irrelevant when it comes to precious metals, and Basel III appears to be widening the gap and speeding the demise of the paper pricing mechanisms for gold...

Re: 24Knews Gold Thread

Posted: Sat May 22, 2021 2:29 pm
by Pixel8r
EVERYTHING IS ON FIRE

Egon von Greyerz
Gold and silver have not at all reflected the massive creation of money in the last 50 years. That catchup phase is likely to start very soon based on both fundamentals and technicals. The upside potential for gold and silver is multiples of the current prices and that is at today’s price levels. Hyperinflation could take the metals to unfathomable heights...

Re: 24Knews Gold Thread

Posted: Sun May 23, 2021 3:46 pm
by Acton Boy

Re: 24Knews Gold Thread

Posted: Mon May 31, 2021 12:31 pm
by Pixel8r

Re: 24Knews Gold Thread

Posted: Tue Jun 01, 2021 6:40 pm
by Pixel8r

Re: 24Knews Gold Thread

Posted: Sat Jun 12, 2021 8:58 am
by Pixel8r

Re: 24Knews Gold Thread

Posted: Mon Jun 14, 2021 9:52 am
by Pixel8r

Re: 24Knews Gold Thread

Posted: Wed Aug 04, 2021 3:17 pm
by Pixel8r