Chariot Share Discussion Threads

[invisage] 22/4/2020 19:49

This is a potential long term scenario Chestnuts.


I am trying to work out what is likely to happen to Gold in the next 8 months....



Previously you were talking about June being a key date for Gold but recently you shifted to July - why has your timeline changed?

[chestnuts] 22/4/2020 19:39

Invisage

If oil can go to -$37 when nobody wants oil i think gold could go as high as you like when every one wants it, but if gold goes high enough it could take out all the gold bullion dealers which in turn will take most of the banks in USA and europe and the uk, so if this does occur we could have a bank holiday where all the system collapses and the then have a reset just like Bretton Woods in July 1944.

[invisage] 22/4/2020 19:22

Chestnuts

1) What happens if Gold reaches $2020 before July 19th?


2) $8602 is your target for Gold - so how do you see Gold getting to $8602? As we both know nothing goes in a straight line, so currently Gold is $1717 and likely to go to $2020 by July 19th so from $2020 how will Gold get to $8602?


Thanks

[kiwimonk] 22/4/2020 17:06

No, time to show him the door and stop him and his cronies taking their vast pay checks.
Show of hands

Tick this post UP, if you want to VOTE OUT the board.

Then it would be useful to see how many support this in terms of shares owned by us punters.
If we can get over 10% then there's a chance.

KM HOLDING 101,000 SHARES

[invisage] 22/4/2020 13:56

Because of QE and all the money printing I can see a decent case for a good move up in Gold


It happened in 2009-2011 after QE we have had the biggest stimulus ever across the world and I think we will keep getting more until the economy comes back to some kind of normality....



The thing with Gold is when it moves it can move big in a very short space of time... A 20% or so move in 3 months doesn't seem unrealistic at all especially when going back to the charts from 1970s and 2009


GBP, EUR, AUD, a number of other currencies have hit all time highs with Gold … it is only a matter of time when it happens with USD


I don't currently buy into the depression scenario though......I guess part of me hopes depression doesn't happen.

[chestnuts] 22/4/2020 12:35

Invisage

Thank you for your comment but can we stay on one thread you should not cross contamination

Please can you remove the post on JTC

[invisage] 22/4/2020 10:09

I think GDX is a good index to own of gold producers, I don't want exposure to a single miner as you get company risk etc or keep it simple and buy a spreadbet on gold

[narey] 22/4/2020 10:06

Invisage can you recommend any of the gold producers you are looking at please

[invisage] 22/4/2020 10:06

Chestnuts

Are you also expecting Silver to rise for the next 88 days just like Gold?

I have a decent holding to both....stimulus stimulus and more stimulus when the economies in the west open up so perfect environment for both to rise in my view

[invisage] 22/4/2020 09:08

Gold rising.....I bought some Gold producers.....

[invisage] 21/4/2020 23:43

Nice


chestnuts - 17 Apr 2020 - 08:30:08 - 9132 of 9184
CHARTS - CHAR
Gold could drop to 1668 before its last leg up to 8602

[chestnuts] 21/4/2020 23:21

Anthony

Heres a bit of charting magic i think

My target is 8602 for gold today gold dropped to 1659

8602 - 1659 = 6943

turn this into a percentage .6943 minus 1 = .3057 x 365 =112 its the 112 th day today so i added to my position today.

[invisage] 21/4/2020 23:13

I think I'm going to buy gold miners if this gold thing takes off like you are saying it's the gold producers that will be the big winners....

[chestnuts] 21/4/2020 22:20

I bought a spread bet

[invisage] 21/4/2020 21:21

Did you take a spreadbet on Gold Chestnuts or did you buy Gold via an ETF?


I am thinking whether I am better of buying Gold producer ETF rather than gold directly....

[invisage] 21/4/2020 21:13

Chestnuts

Do you think we will have a moment in Gold like we did in Oil yesterday but in reverse i.e. loads of Futures contracts for Gold but there won't be enough physical gold to deliver so Gold prices are going to spike huge?

[chestnuts] 21/4/2020 21:07

Invisage

I own alot of silver and as i have explained the ratio, the reason why i bought to day is because i think gold will rise for the next 88.7 days , i missed the bottom at 1659 as i was out but i got in at 1677

if you noticed the cycle related to 8.87 well today its 88.7 days to 2020.55 19th of July

[invisage] 21/4/2020 20:50

Also why don't you buy Silver? It is down 3% vs 0.77% down for Gold.


In 2011 when Silver got going it went crazy up all the way to $50

[invisage] 21/4/2020 20:47

What price did you get on Gold Chestnuts?

[chestnuts] 21/4/2020 20:36

Invisage

I am not surprised silver went down today it made a rising wedge and broke down from this but it today it found support. I hardly ever look at the silver chart i am more interested in gold, i added to my position today, lets hope it goes up.

[texaschaser] 21/4/2020 17:52

Oil. Larry. Recipe for disaster. Even after disaster that this already been.

[invisage] 21/4/2020 13:57

Silver getting smashed......What is going on Chestnuts....down almost 5% which is big for a commodity..

[ant15] 21/4/2020 06:10

andonis this might be the straw that breaks the DOW as previously mentioned -$37 a barrel and cannot pay to take it away...no storage space. Not in isolation as we have yet to see large corporate failure ensuing but arguably will. Just a quick question if I may do you have any opinion on what appears to be a rapidly evolving biotech boom other than the obvious.