Precious Metals New Thread 2.0

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So the big news for april is the gold pricing may be moving to China and gold will be priced in Yuan and all purchases will be done in the Yuan.
Gold bugs will say this means the price will go up and it may at some point, but only when China is ready.
So the price will go up but who knows when, or how fast, but very interesting.
If Canada is the last western country that's selling gold the price could jump right away...
If they are still trying to accumulate gold and mines they may hold the price down..
http://goldstockbull.com/articles/gold-price-discovery-moving-to-china-in-april/
http://www.kitco.com/news/2016-02-2...Gold-Fix-Could-Be-Launched-In-Two-Months.html

I think it should go up some right away..

 

http://www.fool.com/investing/gener...ionaires-are-betting-big-on-gold-in-2016.aspx

 

Bo Plony good vid.. Market goes down, PMs go up... I agree more with Bo..



Harry Dent, Market goes down, PMs go down then up.. I don't think Harry takes into account the currency factor for gold and the dollar..
The dollar could go higher but it may have already topped out..

 

Here we go with more BS from Stevie! C'mon man can you try harder? Following Harry Dent? Fo' reals??????

Independent Review of Harry Dent’s Predictions By Financial Planner Jeff Voudrie
Sounds convincing. What are the facts?

1. Dent has been spectacularly wrong in the past.
Although his emails won’t tell you that. He predicted in 2006 that the Dow would hit 40,000 by 2010, along with a “great boom”” that would run from 2007 until early 2010. He then predicted a market correction after this explosion, which anyone could have done. Of course the market would simmer down after hitting 40,000, which it never approached. Dent was far from reality on these predictions.

2. On the other end of the spectrum.
Dent also predicted that the S&P 500 would fall 30-50% in 2012, when in fact it ended up 13.4% in 2012. This should give us caution when we ruminate over Dent’s latest prediction that the Dow will drop to 3,300 within the next half-year.

3. Dent has had two exchange-traded funds shut down in the past several years.
Both of these funds were based on the hallmarks of Dent’s research: broad trends in the global economy combined with extensive demographic analysis. The DENT Tactical ETF (DENT) was closed in August 2012 after falling 12.9% over the nearly three years of its existence, in contrast to the Vanguard Total Stock Index Fund (VTI), which rose 42.7% during that period . Comparable funds gained between 5 and 43% during that same period. A mutual fund known as the AIM Dent Demographic Trends merged with another mutual fund and hit $2 billion in assets before losing 80% of those. Dent said the fund did not take all of his advice and suffered for it.

4. While Dent has been praised as a very smart man, intelligence alone does not guarantee accurate predictions regarding the stock market.
Lots of smart people are wrong when they begin making predictions in this area, particularly in today’s volatile economic climate. Just because Dent has two New York Times bestsellers does not mean that he has been correct more often than any other pundit.

5. Dent draws on mounds of data based on past performance of the market in light of demographic trends.
There is certainly some merit for this approach, but the past is so limited in the history of stock markets that it can be very difficult to predict the future from it. The sample size is limited, and almost all other financial experts believe that other variables should take precedence over demographic data when making predictions about the market.

The conclusions to draw from this independent review of Harry Dent? Here are a few:

• Great research does not mean that you can beat the market. Any guru who claims to be smarter than the market should not be trusted, no matter how logical s/he sounds.
• In today’s market more than ever before in history, recent past performance does not indicate future performance. A fund can thrive for a time then plummet. Even Dent’s have.
• Charts and graphs can be found to say just about anything that you want them to.Dent has used them masterfully to draw correlations between economic performance and demographic trends. Do those two always feed each other? No, no matter how many graphs are packed into each book.
• Any time one man says the Dow will go below 4,000 in the next seven months while the bulk of the financial advisor world says it should be around 10,300, beware. If you want to put that much stock in one outlying voice, that is your right.

Take a look around at other independent reviews of Harry Dent before you buy all of his books and sell all of your stock. Most financial experts see Dent as more of a master marketer who makes outlandish predictions to gain publicity, rather than someone you should trust for solid financial advice.

 

I'm just posting some info...

2 guys with similar views on the market but different views on PMs..

Thought would would like that I posted someone against PMs in the short run...

You just disagree to disagree....

We should know in a week or so what's up with the market, it's almost time for it to turn down again, a suckers rally...

 

I thought " we should know " last September or so you said in PM Thread 1.0

 

I think we will keep hearing "we should know.." for quite some time.

 

We should be able to see if PMs are in a false rally this week or next..
Gold broke out past the blue trend line in February..
Now will gold stay above the 2 year red support line??
We should find out quick..
If you are a buyer, always buy these dips, every few weeks there is a good dip to buy..
But see if PMs drop any more this week if they break this line it could be another false rally and prices could drop..
If not buy this last dip because PMs will keep going up...
I'm very bullish right now, even the chart looks much more realistic in the last few months..

 

I was checking Bo Plonys update on PM, and his talk about the 400, 500 and 600 day moving averages and how close we are to getting to those... only issue I see is, look how long it's taken for us to come close to those, and then they fall off. I still think we are a ways from silver from taking off. What's your opinion?

 

Gold should tell us these next couple of weeks, If gold keep dropping, then there is no rush..
But if it starts to go up again I would keep buying and don't mess around..
Silver will follow behind gold and out pace gold in the end..
Price and premiums could go way up..
Nothing goes straight up, so I always buy these dips..
I think the bottom is in but with PMs I'm long term thinking so if it goes down it goes on sale, because it will be going way up in the end...

With China taking over PMs pricing this month it hard to say what will happen..
Will they allow this naked shorting?? And How long can the shorts hold out..
Seams like they are starting to go long..
But I think steady increase in PMs for this year..

PMs were frustrating over the last few years but the next few years should be very good...

 

Wut?

Why is China taking over PM pricing?

 

China will be setting the price of gold after April 19th, unless it get delayed again...
I don't know if it happens all at once or how long the transition takes but China will be setting the gold price in Yuan..
And like I keep saying the western countries that are selling are out of gold, so you can't set the price of something you don't have..

Gold bugs think this is a dagger for the US...
It won't be it will be just means that PMs could go to free market pricing because it will be a physical market not a paper market like the COMEX...
That will take away PMs pricing from the west and out of the dollar so the US won't be able to manipulate the price as easy and move more money away from the dollar..

So hopefully this will be very good news for PMs...
Unless China is still trying to acquire more metals and mines then they will keep the price down..
But being a physical market they would need to raise the price to protect the exchange from financial attack..

 

This is why I would stay away from GLD and SLV or other digital PMs ETFs...
Because there may need to be some auditing done to settle any disagreements and those ETFs may not have the PMs amounts that they claim...
But looks like the west is giving up PMs pricing with out a fight, but we'll see what happens this month...

 

Did the links you posted not say that the only banks participating are in China and no international banks have said they would be participating?

How would that indicate that China will be setting the world price of gold?

 

Well it will open as a competing exchange that sells physical metal... The COMEX is almost out of metal and doesn't deliver on contracts anymore.. That would be like buying something on Amazon and they just send you back a gift card because it was out of stock..
So if you want to buy Physical gold you need need to buy through China...
And if they raise the price who would you sell to the lower or the higher price???
PMs have 2 prices now the trading price and the real price...
It will be the same thing just the physical price will just keep going up...
And after the US stole Germany's gold, countries don't trust us with their gold any more..
So in the beginning China will be much more trusted..

So we'll see, it will be interesting to see what happens....

 

China will be trusted...?

By who? Hahah

 

The bottom is in but if it goes lower??? Contradict yourself much???? It will be going way up sounds like an investing term to me, not.

 

Stevie Wonder is LITERALLY blind! China setting the price of gold? That's hilarious! Be prepared to catch a ton of shit after April 19th for this laughable call. Too bad Canada can't set the price of gold, oh wait, they just blew out of their gold.....

 

Yeah, according to charting the bottom is in so I would buy....
But, the digital price is set in the market, so if they short the crap out it we could see a new low, but I doubt it...
Shorting the bottom is as stupid as selling the bottom..... But they get free money to gamble with so who cares...

This week gold is at the 2 year support line, if it holds PMs are good are good to go, no conspiracy just trading 101...
If it doesn't hold this may be a false rally...

50/50 shot I'll go with it holds this time...

I wonder what your pick would be????????????????????????????