News Time To Buy Gold? - GoFuckYourself.com

Vendot · 02-09-2016, 03:57 AM

Well that was a quick move, we're barely a month into 2016 and Gold is up 13% touching $1200 yesterday. It looks like the USD is backing off somewhat as further rate hikes may not happen:

http://www.cnbc.com/2016/02/08/techn...is-coming.html

Also, after Japan, Sweden and Swiss adopted negative interest rates, there's now some serious talk about implementing Negative Interest Rates in the US if there's a recession:

Will the Fed Go Negative on Rates?

I doubt, as the anchor says, you could go -10% interest rates and people won't yank their cash out of the bank.

nico-t · 02-09-2016, 04:29 AM

GFED · 02-09-2016, 04:57 AM

IMO gold is reversing and yes, it's time to start buying.

It's currently overbought and I expect some profit taking this week.
I'm expecting a pullback to ~1156 level to make a higher low before I add to my position.

BUY GOLD!!!

Gold and Silver Prices, Precious Metals, Silver Coins for Sale | APMEX

wehateporn · 02-09-2016, 05:02 AM

EddyTheDog · 02-09-2016, 05:06 AM

From what I can see it's always the time to buy gold...

GFED · 02-09-2016, 05:08 AM

Quote:

Originally Posted by Vendot

Well that was a quick move, we're barely a month into 2016 and Gold is up 13% touching $1200 yesterday. It looks like the USD is backing off somewhat as further rate hikes may not happen:

http://www.cnbc.com/2016/02/08/techn...is-coming.html

Also, after Japan, Sweden and Swiss adopted negative interest rates, there's now some serious talk about implementing Negative Interest Rates in the US if there's a recession:

Will the Fed Go Negative on Rates?

I doubt, as the anchor says, you could go -10% interest rates and people won't yank their cash out of the bank.

WE WANT the dollar to fall. It's had an adverse effect on multinational companies and exports. Expect more strength in the DOW stocks as it falls. Look for good dividend paying companies. Sectors are shifting into industrial, basic material, energy, transports.

Vendot · 02-09-2016, 05:13 AM

Quote:

Originally Posted by GFED

WE WANT the dollar to fall. It's had an adverse effect on multinational companies and exports. Expect more strength in the DOW stocks as it fall.

Absolutely agree. Strong dollar has been a big problem for MNC/exports but of course, you could only get a strong dollar with a narrative on rates going up. Now that the rug has been pulled, the dollar can slip back a bit and that will be supportive.

However, obviously it could also potentially be good for gold, at least for a while.

MikeAMS · 02-09-2016, 05:26 AM

Quote:

Originally Posted by wehateporn

Nice! this was 2 streets away from my home

GFED · 02-09-2016, 05:32 AM

Quote:

Originally Posted by Vendot

Absolutely agree. Strong dollar has been a big problem for MNC/exports but of course, you could only get a strong dollar with a narrative on rates going up. Now that the rug has been pulled, the dollar can slip back a bit and that will be supportive.

However, obviously it could also potentially be good for gold, at least for a while.

DIA pays a 3% dividend yield at 163. It's a buy at and under that level. We should see some divergence in the indexes as we did with IWM all of last year.

Vendot · 02-09-2016, 05:59 AM

Quote:

Originally Posted by GFED

DIA pays a 3% dividend yield at 163. It's a buy at and under that level. We should see some divergence in the indexes as we did with IWM all of last year.

Here's my issue with Gold:

Gold usually rises during Indian wedding season and into Chinese New Year and then falls off in the summer. As gold is relatively low and physical demand relatively high, that could continue into the summer if markets sell off even more which they may well do (Sell in May etc).

Then my thinking is that (unusually) gold could peak during the summer as the dollar is weakened but that weak dollar could give the economy a year end boost which in turn would boost the stock market and the dollar, and crush gold.

So Gold could rise into summer only and drop off at year end. Am I wrong?

NakedWomenTime · 02-09-2016, 06:26 AM

I would always bear in mind that gold is a market that is very manipulated by Central Banks, so it's hard to make rational judgments. That said, holding paper currency is set to get more risky, so the prospects for gold do look good.

slapass · 02-09-2016, 06:27 AM

Quote:

Originally Posted by GFED

WE WANT the dollar to fall. It's had an adverse effect on multinational companies and exports. Expect more strength in the DOW stocks as it falls. Look for good dividend paying companies. Sectors are shifting into industrial, basic material, energy, transports.

If the dollar falls then gold goes up. But this is true for almost everything so why buy gold that doesn't have a return?

Vendot · 02-09-2016, 07:06 AM

Quote:

Originally Posted by slapass

If the dollar falls then gold goes up. But this is true for almost everything so why buy gold that doesn't have a return?

It's one of very few assets that have almost zero counter-party risk if you hold it in a physical form. However, its not totally inverse to the dollar and it does give a return based on demand and supply fundamentals. It just doesn't pay any dividend but then nor do many stocks.

Sarn · 02-09-2016, 07:33 AM

Gold go over the oil as all resource markets.

#23 · 02-09-2016, 11:00 AM

Gold is great!

Sednub997 · 02-09-2016, 01:29 PM

Yea i would rather buy gold then stocks on the market

crockett · 02-09-2016, 02:29 PM

Fuck gold, I buy denim. It should be classified as a commodity..

wehateporn · 02-09-2016, 02:40 PM

Quote:

Originally Posted by Mikey Verotel

Nice! this was 2 streets away from my home

Is that in Holland?

wehateporn · 02-09-2016, 02:41 PM

Quote:

Originally Posted by crockett

Fuck gold, I buy denim. It should be classified as a commodity..

Lego is the one to go for

Barry-xlovecam · 02-09-2016, 04:14 PM

The time to buy gold was 3 weeks ago so you could sell it to the sheeple as it rises

sandman! · 02-09-2016, 10:44 PM

i think gold will have a good run in 2016

mce · 02-10-2016, 03:08 AM

Considering how often and how INTENSIVELY central banks INTERVENE in finance markets, GOLD is a losing proposition.

True story.

You're better off using a VOLATILITY TRADING STRATEGY. For example: Making Money When the Stock Market is Crashing is Easier Than You Think ? Stock news That Matters

RummyBoy · 02-10-2016, 08:53 AM

Quote:

Originally Posted by #23

Gold is great!

Aloha Apmex! Aloha Apmex!

VikingMan · 02-10-2016, 11:30 AM

Get gold eagles and or Krugerrands and then get some of the other metals in coin form as well.

Also in many countries you can just go to a local bank and buy coins. Regardless of where you buy the coins make sure to ask them about their policy about buying coins with defects. Some small dealers may not pay full price if there are dents. Most big dealers don't seem to care about defects at all. Krugerrands tend to have more dings due to age but it is an allow so they are rare although there may be a tiny amount of wear from handling.

South African Gold Krugerrand 1 oz - Great National Pricing

American Gold Eagle 1 oz - Great National Pricing

mce · 02-10-2016, 04:58 PM

If only the global economy RAN on REAL VALUE

Then and only then would using COMMODITIES and CLASSIC STORES OF VALUE like Gold make sense......

Other than that, you gotta fight FIAT with FIAT

GFED · 02-10-2016, 05:16 PM

fuck me... didn't even stall...

Vendot · 02-10-2016, 06:39 PM

Quote:

Originally Posted by GFED

fuck me... didn't even stall...

Yeah well its been pushed down by false expectations for so long and demand has been really strong so it doesn't surprise me that upside pressure is quite high. You obviously watched yesterday's action with the same interest as I did because whenever the FED opens their mouth, doves fly out

The talk on negative interest rates has increased significantly and Janet Yellen addressed it last night. Also even though she said "FED is not likely to reverse course on interest rate rises" gold went up proving that the market doesn't believe her. You also have this thing about the banks selling off worse than 2008 crisis, causing a lot of fear in the markets.

So I think it might keep rising well into the summer (if markets continue to sell off) and then Gold sells off at year end instead when usually it would rise.

Vendot · 02-10-2016, 06:57 PM

I forgot to mention there is also another thing, Soros and Bass and others have taken out a big short on the RMB being devalued. There's a big expectation of this happening this year in China.

So in order to front run that, a lot of Chinese are buying gold right now aggressively.

mineistaken · 02-10-2016, 07:22 PM

Quote:

Originally Posted by crockett

Fuck gold, I buy denim. It should be classified as a commodity..

graph of denim price movement please

GFED · 02-11-2016, 04:56 AM

fuck it, buying more now.

Shit is really gonna hit the fan when China opens next week.

GFED · 02-11-2016, 05:05 AM

TLT, XLU... I expect these to get hit when interest rates rise...

thoughts?

Vendot · 02-11-2016, 05:06 AM

Quote:

Originally Posted by GFED

fuck it, buying more now.

Shit is really gonna hit the fan when China opens next week.

What the fuck?

It was up 4% earlier (up $42 just for today)...... what did I miss?

You're right though, because there'll be a whole load of activity when Chinese New Year holiday ends on Monday and since China has capital controls and the dollar is falling, Gold is the most obvious option available to Chinese people.

Quote:

TLT, XLU... I expect these to get hit when interest rates rise...

What makes you think they're gonna rise?

GFED · 02-11-2016, 05:10 AM

Quote:

Originally Posted by Vendot

What the fuck?

It was up 4% earlier (up $42 just for today)...... what did I miss?

What makes you think they're gonna rise?

just from my understanding of the cycles and phases of recession. i could be wrong, i've only started on nov 2014.

Vendot · 02-11-2016, 05:18 AM

Quote:

Originally Posted by GFED

just from my understanding of the cycles and phases of recession. i could be wrong, i've only started on nov 2014.

Well its possible for the FED to hike one more time like 0.25% since they don't want to lose credibility but if you look at the way the the numbers are coming out and the market is behaving they're expecting a higher probability of rates being cut and going negative. Negative rates is like the main topic of discussion on Bloomberg right now.

The way Gold has moved over the last couple of weeks, it could erase all its USD losses over the last three years this year which means it could rise 40% this year and that would see over $1500/oz this year but I suspect it will sell off at year end if the dollar is weak enough by then.

I doubt it will get that high but I mean, its possible. We're up 15% already in basically first six weeks (20% in some currencies) of the year so what does the rest of the year hold?

OneHungLo · 02-11-2016, 07:58 AM

Damn, I saw it was just up $43. Looks like another bloodbath on the market today.

Vendot · 02-11-2016, 08:45 AM

Quote:

Originally Posted by OneHungLo

Damn, I saw it was just up $43. Looks like another bloodbath on the market today.

Last I checked, it was up $53 or 4.4% on the day.
Pretty stunning one day move.

A lot banks are under stress. I think Deutsche Bank share price fell lower than 2008 a few days back and i guess thats put some crisis fear into some.

GFED · 02-11-2016, 09:40 AM

fuck me, i put on a lot of verticals today... don't forget market is closed on monday... get your shit done by tomorrow!

SAMANTAmax · 02-11-2016, 09:41 AM

Its always good to buy gold .. Second clever investment after buying real estate

Vendot · 02-11-2016, 09:44 AM

Quote:

Originally Posted by GFED

fuck me, i put on a lot of verticals today...

Whats that? And whats going on?
Looks like BofA said it could top $1550 this year.

Last I checked gold was up over $60 and over 5% on the day - it should sell off tommorrow, technically.

GFED · 02-11-2016, 09:46 AM

Quote:

Originally Posted by Vendot

Whats that? And whats going on?
Looks like BofA said it could top $1550 this year.

Last I checked gold was up over $60 and over 5% on the day.

limiting losses from any large market swings during the weekend... also placed another order for physical gold this morning.

Sednub997 · 02-11-2016, 10:15 AM

Not buying gold im till investing in porn

OneHungLo · 02-11-2016, 11:07 AM

Quote:

Originally Posted by GFED

limiting losses from any large market swings during the weekend... also placed another order for physical gold this morning.

Physical gold, that's all I have. I bought a lot back in '06 when it was $550 and some more last year when it was around $1200. It has been a great investment for me.

VikingMan · 02-11-2016, 11:29 AM

A rush to gold could be very temporary or it could be the time when things are beginning to shift. I would say it is about time. Gold will eventually rise to bizarre levels so even if you are buying now it will be cheap. However you might have to hold it for a while (years) to see those bizarre levels. If gold is ever used to back or partially back any big currencies then it could get in the bizarre range easily.

We are getting closer to the big shift to be fully realized by the average potato head. Ten years from now we won't be able to just go out and make tons of money off of throngs of spoiled mono-lingual fat lazy dumbed down sports score checking consumers who are enabled by tons of easy and cheap credit. Those days are over...almost. So regardless if you are rich or poor you should be mentally and physically preparing for a different type of economy. Going out and buying a new home right now is about the dumbest thing you could do aside from "investing" in some vapid tech stock.

mce · 02-11-2016, 11:34 AM

Expect Central Banks to make noises yet another STIMULUS PROGRAM

Expect this gold rally (like other rallies before it) to FIZZLE OUT.

The only way GOLD will STAY UP is if there's a BLACK SWAN event.

James - Mr. Skin · 02-11-2016, 11:51 AM

Good or bad, keep buying!

Tangible Gold!

2MuchMark · 02-11-2016, 11:55 AM

Wouldn't it make more sense to buy, or prepare to buy, stocks in oil? Of course its falling and continuing to fall but it probably will start turning around soon.

GFED · 02-11-2016, 02:16 PM

Quote:

Originally Posted by **********

Wouldn't it make more sense to buy, or prepare to buy, stocks in oil? Of course its falling and continuing to fall but it probably will start turning around soon.

Yes, watching oil and biotechs. More sense? Nah, good level to buy metals and good momentum...

crockett · 02-11-2016, 02:20 PM

Quote:

Originally Posted by mineistaken

graph of denim price movement please

Sorry, no graphs I just buy for $5-7 and sell for $20-40 on average.

GFED · 02-11-2016, 03:42 PM

Unloading half of my position around 1400... should see a lot of selling there...
the worst thing you can do is hold onto shit too long.
you buy with the intention to sell.

RummyBoy · 02-11-2016, 07:59 PM

Quote:

Originally Posted by mce

Expect this gold rally (like other rallies before it) to FIZZLE OUT.

So what's your year end price prediction for gold?

02-09-2016, 03:57 AM	#1
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Time To Buy Gold? Well that was a quick move, we're barely a month into 2016 and Gold is up 13% touching $1200 yesterday. It looks like the USD is backing off somewhat as further rate hikes may not happen: http://www.cnbc.com/2016/02/08/techn...is-coming.html Also, after Japan, Sweden and Swiss adopted negative interest rates, there's now some serious talk about implementing Negative Interest Rates in the US if there's a recession: Will the Fed Go Negative on Rates? I doubt, as the anchor says, you could go -10% interest rates and people won't yank their cash out of the bank. __________________ "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

02-09-2016, 05:02 AM	#4
wehateporn Promoting Debate on GFY Industry Role: Join Date: Apr 2007 Posts: 27,173	__________________ Sexy Girls Teasing

02-09-2016, 05:06 AM	#5
EddyTheDog Just Doing My Own Thing Industry Role: Join Date: Jan 2011 Location: London, Spain, New Zealand, GFY - Not Croydon... Posts: 25,040	From what I can see it's always the time to buy gold... __________________ - Chaturbate Script - https://gfy.com/fucking-around-and-b...er-issues.html - Now supports White Labels

02-09-2016, 06:26 AM	#11
NakedWomenTime Confirmed User Industry Role: Join Date: Oct 2015 Posts: 560	I would always bear in mind that gold is a market that is very manipulated by Central Banks, so it's hard to make rational judgments. That said, holding paper currency is set to get more risky, so the prospects for gold do look good. __________________ bbNaked \| Naked Women Time \| Naked Women Time Blog

02-09-2016, 01:29 PM	#16
Sednub997 Naked in my bathroom Industry Role: Join Date: Dec 2008 Location: Europe Posts: 6,129	Yea i would rather buy gold then stocks on the market __________________ X10 FANS PLAFORM - 3 IN 1 LIVE CAMS/FANS/MEMBERSHIP CMS CONTENT MANAGEMENT, MONETIZATION AND PUBLISHING PLATFORM 17 YEARS WITH 1000'S OF CLIENTS SCALABLE - ENTERPRISE-READY - MULTI-LANG

02-09-2016, 04:29 AM	#2
nico-t emperor of my world Join Date: Aug 2004 Location: nethalands Posts: 29,903

02-09-2016, 04:57 AM	#3
GFED Confirmed User Industry Role: Join Date: May 2002 Posts: 8,098	IMO gold is reversing and yes, it's time to start buying. It's currently overbought and I expect some profit taking this week. I'm expecting a pullback to ~1156 level to make a higher low before I add to my position. BUY GOLD!!! Gold and Silver Prices, Precious Metals, Silver Coins for Sale \| APMEX

02-09-2016, 07:33 AM	#14
Sarn Say for stagnation Yes!!1 Industry Role: Join Date: Sep 2015 Location: Russia Posts: 11,076	Gold go over the oil as all resource markets.

02-09-2016, 11:00 AM	#15
#23 So Fucking Banned Industry Role: Join Date: Jan 2016 Posts: 555	Gold is great!

02-09-2016, 02:29 PM	#17
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	Fuck gold, I buy denim. It should be classified as a commodity..

02-09-2016, 04:14 PM	#20
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	The time to buy gold was 3 weeks ago so you could sell it to the sheeple as it rises

02-09-2016, 10:44 PM	#21
sandman! Icq: 14420613 Industry Role: Join Date: Mar 2001 Location: chicago Posts: 15,432	i think gold will have a good run in 2016 __________________ Need WebHosting ? Email me for some great deals [email protected]

02-10-2016, 03:08 AM	#22
mce Confirmed User Industry Role: Join Date: Jun 2012 Location: All Over Posts: 3,917	Considering how often and how INTENSIVELY central banks INTERVENE in finance markets, GOLD is a losing proposition. True story. You're better off using a VOLATILITY TRADING STRATEGY. For example: Making Money When the Stock Market is Crashing is Easier Than You Think ? Stock news That Matters __________________ Pay Virtual Assistants Based on RESULTS instead of TIME STOP getting FUCKED IN THE ASS by your VA

02-10-2016, 11:30 AM	#24
VikingMan Exploiting human weakness Industry Role: Join Date: Jan 2008 Location: next to a salmon stream Posts: 6,490	Get gold eagles and or Krugerrands and then get some of the other metals in coin form as well. Also in many countries you can just go to a local bank and buy coins. Regardless of where you buy the coins make sure to ask them about their policy about buying coins with defects. Some small dealers may not pay full price if there are dents. Most big dealers don't seem to care about defects at all. Krugerrands tend to have more dings due to age but it is an allow so they are rare although there may be a tiny amount of wear from handling. South African Gold Krugerrand 1 oz - Great National Pricing American Gold Eagle 1 oz - Great National Pricing

02-10-2016, 04:58 PM	#25
mce Confirmed User Industry Role: Join Date: Jun 2012 Location: All Over Posts: 3,917	If only the global economy RAN on REAL VALUE Then and only then would using COMMODITIES and CLASSIC STORES OF VALUE like Gold make sense...... Other than that, you gotta fight FIAT with FIAT __________________ Pay Virtual Assistants Based on RESULTS instead of TIME STOP getting FUCKED IN THE ASS by your VA

02-10-2016, 05:16 PM	#26
GFED Confirmed User Industry Role: Join Date: May 2002 Posts: 8,098	fuck me... didn't even stall...

02-10-2016, 06:57 PM	#28
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	I forgot to mention there is also another thing, Soros and Bass and others have taken out a big short on the RMB being devalued. There's a big expectation of this happening this year in China. So in order to front run that, a lot of Chinese are buying gold right now aggressively. __________________ "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

02-11-2016, 04:56 AM	#30
GFED Confirmed User Industry Role: Join Date: May 2002 Posts: 8,098	fuck it, buying more now. Shit is really gonna hit the fan when China opens next week.

02-11-2016, 05:05 AM	#31
GFED Confirmed User Industry Role: Join Date: May 2002 Posts: 8,098	TLT, XLU... I expect these to get hit when interest rates rise... thoughts?

02-11-2016, 07:58 AM	#35
OneHungLo So Fucking Banned Industry Role: Join Date: May 2001 Location: Your mom's front hole Posts: 40,906	Damn, I saw it was just up $43. Looks like another bloodbath on the market today.

02-11-2016, 09:40 AM	#37
GFED Confirmed User Industry Role: Join Date: May 2002 Posts: 8,098	fuck me, i put on a lot of verticals today... don't forget market is closed on monday... get your shit done by tomorrow!

02-11-2016, 09:41 AM	#38
SAMANTAmax TieMeUp Industry Role: Join Date: Jul 2008 Location: Home Posts: 7,043	Its always good to buy gold .. Second clever investment after buying real estate __________________ 1million $ in a Month

02-11-2016, 10:15 AM	#41
Sednub997 Naked in my bathroom Industry Role: Join Date: Dec 2008 Location: Europe Posts: 6,129	Not buying gold im till investing in porn __________________ X10 FANS PLAFORM - 3 IN 1 LIVE CAMS/FANS/MEMBERSHIP CMS CONTENT MANAGEMENT, MONETIZATION AND PUBLISHING PLATFORM 17 YEARS WITH 1000'S OF CLIENTS SCALABLE - ENTERPRISE-READY - MULTI-LANG

02-11-2016, 11:29 AM	#43
VikingMan Exploiting human weakness Industry Role: Join Date: Jan 2008 Location: next to a salmon stream Posts: 6,490	A rush to gold could be very temporary or it could be the time when things are beginning to shift. I would say it is about time. Gold will eventually rise to bizarre levels so even if you are buying now it will be cheap. However you might have to hold it for a while (years) to see those bizarre levels. If gold is ever used to back or partially back any big currencies then it could get in the bizarre range easily. We are getting closer to the big shift to be fully realized by the average potato head. Ten years from now we won't be able to just go out and make tons of money off of throngs of spoiled mono-lingual fat lazy dumbed down sports score checking consumers who are enabled by tons of easy and cheap credit. Those days are over...almost. So regardless if you are rich or poor you should be mentally and physically preparing for a different type of economy. Going out and buying a new home right now is about the dumbest thing you could do aside from "investing" in some vapid tech stock.

02-11-2016, 11:34 AM	#44
mce Confirmed User Industry Role: Join Date: Jun 2012 Location: All Over Posts: 3,917	Expect Central Banks to make noises yet another STIMULUS PROGRAM Expect this gold rally (like other rallies before it) to FIZZLE OUT. The only way GOLD will STAY UP is if there's a BLACK SWAN event. __________________ Pay Virtual Assistants Based on RESULTS instead of TIME STOP getting FUCKED IN THE ASS by your VA

02-11-2016, 11:51 AM	#45
James - Mr. Skin Confirmed User Industry Role: Join Date: Jun 2012 Posts: 737	Good or bad, keep buying! Tangible Gold! __________________ James Robinson Director of Business Development SK Intertainment Inc. [email protected] skype: jamesnicholasrobinson icq: 466306245 Follow Us On Twitter

02-11-2016, 11:55 AM	#46
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 48,681	Wouldn't it make more sense to buy, or prepare to buy, stocks in oil? Of course its falling and continuing to fall but it probably will start turning around soon. __________________ Custom Software \| Server Management \| Integration and Technology Solutions https://www.2much.net

02-11-2016, 03:42 PM	#49
GFED Confirmed User Industry Role: Join Date: May 2002 Posts: 8,098	Unloading half of my position around 1400... should see a lot of selling there... the worst thing you can do is hold onto shit too long. you buy with the intention to sell.