Daily Gold Chat

The Daily Gold Chat is a discussion forum for the daily exchange of knowledge, ideas, thoughts & opinions about gold and precious metals. Gentlemanly conduct will be the attire of the day. Posting advertisements is not permitted. A quick one-time registration is required to post. Join the discussion!

Saturday, August 24, 2019

The legacy of Jerome Powell.
(Brett Star)
07/26/2019 - 08:14
08/24/2019 - 08:14

If Powell lowers interest rates, he will forever be know as Trump's own Neville Chamberlain. To lower rates with the existing economy is for one reason and one reason only.....to appease Trump. The action, such as it is, will encourage western countries to join the race to the bottom.

Mossad hip deep in the Straight of Hormuz tanker bombing
(Brett Star)
06/14/2019 - 10:00
08/24/2019 - 10:00

As Pompeo displays his absolute redundancy, along with the Trump regimes desperate attempt to hold power through war, the world watches as the musical chairs play on.....The continued insolvency of the US Dollar through heightened borrowing bodes well for golds increasing value. Russia and China continue to buy huge quantities with their eventual gold backed currencies marking the end of the perceived power of the United States currency.
June 14,2019

The outright assault on gold will be short lived.
(Brett Star)
05/16/2019 - 11:04
08/24/2019 - 11:04

First and foremost, the Chinese have too much pride (Zihao) to allow Trump any type of trade victory,
and they are still the largest creditor of the United States government. The BS about Trump getting
together with Zi in June is a figment of Trump's imagination, much like the perceived but Fake Iran
transgressions. We may well find ourselves at war with the ineptitude shown by Pompeo.
And gold? Gold's value will surpass all imagination.

Interst Rate Inverion chart
(Vronsky)
04/05/2019 - 13:40
08/24/2019 - 01:40

Here is another way of viewing the US Treasury Yields Inversion:

https://fredblog.stlouisfed.org/2018/08/whats-up-or-down-with-the-yield-...

US Treasury Yields just inverted as they did in 2000-2001 and 2007-2008
(Vronsky)
04/05/2019 - 13:36
08/24/2019 - 01:36

...which heralded 2 horrific stock market crashes. Moreover, the 3 US indices of DOW, S&P500 and Nasdaq just formed bearish triple tops. Needless to say stocks are grossly over-valued...and will sooner or later correct. Pls see the yields inversions:

https://stockcharts.com/h-sc/ui?s=%24UST2Y%3A%24UST10Y&p=M&yr=20&mn=0&dy...

Off Base Q2
(Brett Star)
02/20/2019 - 18:17
08/24/2019 - 06:17

The plight of gold has never been associated with sitting presidents. Presidents by in large are ineffectual and seem to take credit for previous deeds well done, never to mention the bad results during their tenure....in fading memory for most, Reagan was singularly responsible for the demise of George Bush Sr with the banking debacle. I can remember the glee of many standing in line for the 18% 30 day Volker note in 81, soon after Reagan took office..... Clinton took credit for the boom Bush put in place, and Bush jr., single handedly became responsible for the outright pillaging of the United States treasury and setting up his successor Obama for the darkest of hours and days ......but no one can keep credit from Obama for the resurgence of the economy, spending 9 trillion along the way......Trump, the jury is out, but his record is clear and will be written in the history books which hopefully will have someone to read them.....and lastly, presidents, some more onerous than others set the table for future events and according to the United States current 22 trillion dollar deficit.....of which Mr. Trump has added approximately 2 trillion during his first 2 years, does suggest that he can not be maligned or blamed for the place the world is in.....whether you like him or not. This perfect storm, calamity to some of us, has been developed since Nixon left the gold standard...almost 50 years ago.

Not so amusing-
(O2-Man)
02/20/2019 - 12:23
08/24/2019 - 12:23

It is not amusing how everything is seen in terms of one's political viewpoint. Many of the posters here do not like President Trump, and that's fine- everyone is entitled their opinion. And it's also true that in any discussion of gold and other precious metals that politics must necessarily intrude into the conversation.
But I find it ironic that all things bad are attributed to the current president, even in PMs, though we know that most of the political factors concerning PMs predate this current presidential term, and that the Powers That Be of previous times are diametrically opposed to any and all of Trump's policies.
So I would like to caution those that don't like Trump to curb your animosities that don't really have a place in our discussion of gold to legitimate points,and focus on the metals themselves. There are other websites better suited to much of the political commentary here, and it probably would no longer deter others who used to read and comment. I hope the other old-timers still check in like myself, and would love to see their thoughts on present PM matters. Zelotes, are you still out there?
Gold appears to me to be possibly shaking off it's lethargy, and I expect silver to take notice soon. The tip-off may be the PM commentators and pundits who have long had nothing good to say about gold. When they start speaking favorably about it, and not saying it will ascend, only to take a hard fall, then we may see a real change occur.

China and Europe fed up with Trump and his negotiators...
(Brett Star)
02/18/2019 - 15:59
08/24/2019 - 03:59

As Vice President Pence is met with european silence, the Chinese have packed Mnuchin's bag. Trump's absence of diplomacy now effectively met with universal condemnation, spells the demise of Dow's manufactured resilience. The Street prepares for Limit Down and ringing cash registers......up or down they win, but the common investor will shudder in disbelief as he/she watch prices plummet. 02/18/19

It has become quite evident that the so called experts are once again late to the party.
(Brett Star)
01/31/2019 - 13:30
08/24/2019 - 01:30

Now that gold's glitter has begun to shine, the experts race to be the first to offer their praise for what has been referred to by naysayers as the money of the past. Depending on which gold guru you choose to follow, pick the one who is the oldest, the one who bought ounces of gold @$135..... and held it in their possession ever since. They are the ones who understand the inherent value of gold and its' relationship to today's much ballyhooed currencies. It is quite interesting how China and Russia boarded the gold train a few years back, knowing full well the United States was backed by little, not gold nor good faith. The Republic of The United States has swindled the world with unabated printing of dollars, entering the realm of monetary malfeasance. The value of gold by historical standard is not subjective, but in coin has established over millennia its' intrinsic value in trade.
02/01/20019.

The republican corporate giveaway has lost its' wind.
(Brett Star)
01/29/2019 - 12:30
08/24/2019 - 12:30

The tax law of 2018 has provided corporations with the tools needed to spike the punch...their punch. But the punch has been consumed and the public has once again been set up for the fall. The gold price has nothing to do with unrest, or China trade or anything else the so called experts would like you to believe. It has to with quiet accumulation based on the reality of the day. The jig is up. There is no more there,there. The "emperor has no clothes" and the deficit is the supreme beggar in the night.
01/29/19

Saturday, August 24, 2019

78 percent of the yearly gold supply--is made into jewelry.

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