Market Watch: Suddenly a Gold situation

[WhiteLove]

So if you haven't noticed, we have a Gold situation. Gold is very strong now and this is a very clear economic indicator right now. Something is going on. I wonder how close we are to a big bank or currency collapse. Let's not jump to conclusion, but it feels like something totally new is emerging on the financial markets. Let's see what happens...

[TargeT]

flash in the pan?

http://www.kitco.com/images/live/nygold.gif?0.9302766701714046

[sunwings]

Yes I am watching Gold too! It has broken recent highs.

34920

[jc71]

New heights for the last 2 weeks? That isn't a massive piece of news.

I believe gold is a good investment at this point. I have been following it for years. Silver is probably better. But it isn't breaking new heights right now if you look at the bigger picture (widen the scale on your Bullion Vault chart).

Regards,

JC

By the way, I am referring to buying physical gold and silver as being a good investment, not buying gold "shares" which I would regard as risky due to the fact that "paper gold" for example exceeds physical gold by a factor of 100+ (not sure of the exact figures, but of that sort of order)...

[sdv]

Sandy Shaw, a numerologist, predicted for 2017 that 'gold is a win for sure'.

[ramus]

Gold was been a $1900.00 .... it's hovered at $1300.00 forever, at $1219.00 it no even treading water. I see nothing to indicate a

break-out, just the every day ups and downs. I've been watching gold since Howard Huff started Huff Times a gold bug news letter in the 70's

, read this about him and see if this song is not still being sung: Interesting the spin is still spinning. Fear

https://en.wikipedia.org/wiki/Howard_Ruff

Ruff advised investors to avoid stocks and bonds and instead to put their portfolios into gold, silver, platinum group metals, and collectibles such as art and numismatic coins. He also advised his readers to store a year's supply of food in preparation for hard times. Ruff believed (as of his 1979-1981 writings) that the United States was headed for a hyperinflationary economic depression and that there was a danger that both government and private pension plans were about to collapse.[1]

In the late 1970s and early 1980s, Ruff hosted a syndicated television show called Ruff House.[2]

During the financial crisis of 2007–08, Ruff began appearing on CNBC making economic predictions that were similar to those he had made in the 1970s and 1980s.[3]

Ruff gained a sizable mainstream audience for a while during the late 1970s until about 1981, because those who had been taking his investment advice and buying precious metals saw large capital gains during that period. The New York Times labeled Howard Ruff "The Prophet of Doom" after his book How to Prosper During the Coming Bad Years reached the number #1 seller in 1979. His popularity fell off after the peak in the gold and silver speculative bubble in 1980.

Ruff raised money to oppose the election of Hillary Clinton to the U.S. Senate in 2000.[4]

Ruff was a member of the Church of Jesus Christ of Latter-day Saints.[5][6] In How to Prosper During the Coming Bad Years (1979), he relates that his recommendation of food storage is in accord with a policy of The Church of Jesus Christ of Latter-day Saints.[7]

Ruff has also been involved in other endeavors such as a vinyl LP record album of his singing.[8]

Ruff has also been cited on various occasions by Kiplinger's Personal Finance magazine.

Ruff died from complications of Parkinson's disease in Lehi, Utah, at the age of 85.[9]

[A Voice from the Mountains]

January is on average the slowest month of each year for precious metals sales. It probably has something to do with the fact that everyone just splurged on Christmas and doesn't have as much cash to invest in precious metals.

I bought some silver early in January with the expectation that prices would start rising through the rest of the year. If it goes down it's from artificial pressure created in the paper gold/silver market and we've seen plenty of that lately. If/when Trump resets the markets, gold and silver will go through the roof. Any gold and silver investments made now are likely to yield massive returns in US dollars later, at least until the dollar is strengthened by a powerhouse new US industrial base and our debt is reduced.

[TargeT]

I bet it has a lot to do with the Fed just recently choosing NOT to raise interest rates (http://money.cnn.com/2017/02/01/news/economy/federal-reserve-january-meeting/) after almost EVERYONE predicted they would....


that's a signal of a weak dollar, which always strengthens gold, at least temporarily.



Nice climb today:

flash in the pan?

http://www.kitco.com/images/live/nygold.gif?0.9302766701714046