Commodity / Tech Plunge

[biglentil]

I think your missing the 🐘 in the room. China is dumping 200B US treasuries on the market and stockpiling commodities especially copper. The fed and central banks were once the buyer of last resort for bonds and treasuries now they are the only buyer left. Canada's Central bank is committed to $5b a week in monetization. We've seen one of the deepest bear markets in gold from 2011 till 2018. We are now in a bull market in commodities and the price reversal of commodities like silver, nickel and copper has been stunning. Errol you've been bearish on gold since $900 an ounce, even hard-core gold bashers like Warren Buffet are selling banks and buying stakes in gold miners. Pension funds are starting to move into gold as well.

[errolanderson]

I think your missing the 🐘 in the room. China is dumping 200B US treasuries on the market and stockpiling commodities especially copper. The fed and central banks were once the buyer of last resort for bonds and treasuries now they are the only buyer left. Canada's Central bank is committed to $5b a week in monetization. We've seen one of the deepest bear markets in gold from 2011 till 2018. We are now in a bull market in commodities and the price reversal of commodities like silver, nickel and copper has been stunning. Errol you've been bearish on gold since $900 an ounce, even hard-core gold bashers like Warren Buffet are selling banks and buying stakes in gold miners. Pension funds are starting to move into gold as well.

Right now, it's all about the fallout in the U.S. dollar. The China Yuan has been steadily strengthening against the dollar. If the USD begins to rebound, gold drops pure and simple. Commodities drop.

Crude oil is struggling, copper is vulnerable . . . those are two key sister ships. Right now, this whole show right now is on the USD (IMO).

[errolanderson]

Right now, it's all about the fallout in the U.S. dollar. The China Yuan has been steadily strengthening against the dollar. If the USD begins to rebound, gold drops pure and simple. Commodities drop.

Crude oil is struggling, copper is vulnerable . . . those are two key sister ships. Right now, this whole show right now is on the USD (IMO).

On a breakdown, key support for gold appears technically @ $1,840 per oz (IMO). We will all see . . . .

[farming101]

The USDX was lower than it is now for 11 years in a row starting in 2003. Could certainly go lower.
Technically gold could be a sell, but looks iffy right now. Would need a really big margin acct

[errolanderson]

The USDX was lower than it is now for 11 years in a row starting in 2003. Could certainly go lower.
Technically gold could be a sell, but looks iffy right now. Would need a really big margin acct

Pension funds buying gold is a warning sign in-itself . . . .

[biglentil]

Pension funds buying gold is a warning sign in-itself . . . .

😄 🤣 😂 That made my day thanks for the good laugh.

[farmaholic]

Ignorance is bliss.

It's why I'm so happy....

[woodland]

Ignorance is bliss.

It's why I'm so happy....

Why worry about things beyond your control. I’m too surrounded by poo (literal and otherwise) to concern my limited grey matter with stuff like this. Now if only this swather header could pick up this badly lodged barley without plugging all the time..............

[biglentil]

Why worry about things beyond your control. I’m too surrounded by poo (literal and otherwise) to concern my limited grey matter with stuff like this. Now if only this swather header could pick up this badly lodged barley without plugging all the time..............

Think of it as insurance. Position yourself properly and you can weather the storm. Or you can ignore the financial mess central bankers have created but you will not be able to ignore the consequences.

[farmaholic]

I see little consensus of "opinion" on this website.

"Financial Planners"(Advisors) are nothing but parasites... just keep depositing. "Never try to out guess the market" .....is lazy and passive investing. They're afraid to be wrong.... "buy and hold"...... sure.

It's hard to know where to be.

I hate the financial services Industry.

I know people who lost money investing in start-up gold mines.

I had been investing in GIC's when I started saving,until the wheels fell off the rates. Then into stinking mutual funds....useless. Then into ETF's.... not much better. My portfolio should be way further along than it is for the amount of time I've been investing. Seems my parents never saw as many market "corrections" as I have.

Should have invested MORE into farmland and some into real estsate.