24Knews Gold Thread

24Knews main news & discussion threads
User avatar
Pixel8r
Site Admin
Posts: 1301
Registered for: 4 months
Has thanked: 9 times
Been thanked: 36 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post 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:
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Site Admin
Posts: 1301
Registered for: 4 months
Has thanked: 9 times
Been thanked: 36 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post 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...
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Site Admin
Posts: 1301
Registered for: 4 months
Has thanked: 9 times
Been thanked: 36 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post 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...
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Acton Boy
Posts: 18
Registered for: 4 months
Has thanked: 5 times
Been thanked: 3 times

Re: 24Knews Gold Thread

Post by Acton Boy »

User avatar
Pixel8r
Site Admin
Posts: 1301
Registered for: 4 months
Has thanked: 9 times
Been thanked: 36 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Site Admin
Posts: 1301
Registered for: 4 months
Has thanked: 9 times
Been thanked: 36 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Site Admin
Posts: 1301
Registered for: 4 months
Has thanked: 9 times
Been thanked: 36 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Site Admin
Posts: 1301
Registered for: 4 months
Has thanked: 9 times
Been thanked: 36 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
Post Reply

Who is online

Users browsing this forum: No registered users and 2 guests