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16 minutes ago, Logosone said:

Monster fall as we speak, down from 1980 to 1935.

Just saw that. 

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Took out everyone's stop losses from last night. 

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This has to just be a correction. Over to London and US to bring it over 2000, though they'll probably also have some major corrections along the way.

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Not true, it's still not so high.

 

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4 minutes ago, SePl said:

Not true, it's still not so high.

 

Thai gold prices are the highest they have ever been in Thailand.

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4 hours ago, cooked said:

I paid ฿16 000 when I first started buying and now it is nearly double that. I buy every year after rice harvest. 

As soon as somebody starts talking about how stupid people are for buying gold, I have to chuckle. 

If you bought in 2011 you are just about breaking even, with no annual returns.

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6 minutes ago, Henryford said:

If you bought in 2011 you are just about breaking even, with no annual returns.

With cherrypicking you can "prove" almost anything you want.

 

Instead of 2011, why not chose 2001, for example?

 

You can also look at many stock market indexes, such as the Nikkei or the CAC, and see that they have gone nowhere for decades.

 

Only the US stock market has been performing well, thanks to massive doses of steroids/money printing, at the cost of destroying the currency, slowly but surely.

 

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London wimping out and not pushing gold back up. 

 

Big moves to come in New York? 

 

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Gold USD in free fall. At 1908.

 

New York should be very interesting. 

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3 minutes ago, Logosone said:

Gold USD in free fall. At 1908.

 

New York should be very interesting. 

This will make the "anti-golders" happy.

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8 hours ago, Dante99 said:

It never ceases to amaze how many incorrect assumptions posters make on this forum.  It is no wonder so many get into pickles given their jump to the wrong conclusion mentality.  Good luck Jim, hope you have better luck judging investments than you do people.

 

 

Likewise.

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What's happening with gold right now is that the USD got stronger and some of the big holders got nervous and sold their big positions.

 

I wonder if this will be repeated in the US, like it was in Tokyo and London or if the US will push it higher.

 

There must be even bigger positions held in the US.

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8 hours ago, Dazinoz said:

I use a Thai app that shows the buy and sell prices of bar and jewellery through out Thailand. I check the prices daily and have never seen a spread as low as 50 baht in the last 5 years, it has always been 100 but recently when people were selling when the virus hit it went to 300 but back to 100 now.

 

Can you show  where there is a 50 baht spread? Not saying it isn't or hasn't been I am just curious as to where.

The spread varies with gold price volatility. Because of increased volatility (overnight price of gold shot up to $1980, then plunged to $1907/troy ounce), spread is currently up to 60 ฿ (see image). For current market, go to Hua Seng Heng web page https://www.huasengheng.com/

POG Hua Seng Heng.jpg

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