The Big Gold Rush....
I honestly don't know what people think sometimes. They look at fundamentals and they feel that the past has a total bearing on the future. In today's world of highly manipulated markets by central banks all over the world those days of sound fundamentals are gone.
You know my feeling in this area. The only way to make any money at all is to figure out where the central bankers want the markets and to try to pick the top or bottom range.
Why do I say range?
Range is what the markets are now. They do not really trend anymore. Volatility continues to be very low and this is a big reason why there is not much trending these days.
Could it happen?
Well anything is possible but probable is very unlikely. You see there is no free market forces to push the markets where they should be. No fair market value area where a willing buyer is prepared to meet a willing seller. Only the central bankers on both sides of the market so that they can push it where ever they wish it to go without much resistance.
When we look at gold you can see from the chart below that you have to go back quite some time before you see the market trending at all. When it did the market was headed much lower at around 2012.
As you can see the market has been stuck in a back and forth range essentially averaging around the 1275 mark which is where gold has stayed ever since give or take a hick up to two. Contrary to popular opinion there is no reason at the moment to believe that this will change any time soon. At least that is how I see it. Oh it will bottom probably shortly and head back in a zig zag way back up to the 1390 area at some point over the next two years where the bulls will swear that the next big bull is about to take off and don't miss the ship.
I told you long ago that the Dollar was going up. As a result gold was likely to go down. That is precisely what has happened. Not that it has really moved anywhere but just enough to keep it in a nice sideways motion.
Is there a way to play it?
Not really, but if you are looking for the bottom area and top area you can see it on the chart. It has been the area for about eight years now.
Gold in the past has indeed been money. It has always served as a means of a store of value when governments go to far. With the advent of technology advancing like it is I am not sure this time if gold has any future in our world?
I honestly don't know.
Will we need currency in the next ten years?
Perhaps but at the same time, maybe not. When you can 3D print out whatever you need and when you no longer have any waste why would you need currency to work?
Well people need purpose you say.
Since when has a mans self worth been attached to his money?
Of course we know of many examples of people where they are totally about their money. They are totally self-absorbed with making more money, but when you really think of the use of money it causes you to question why we will need it in the not too distant future when abundance is available for all.
This is not some far off delusion of the future.
No.
It is essentially in the works right now. In about ten years time according to Ray Kurzweil we will hit singularity. That is when machines can do everything a person can do now. In some cases much better. Even doctors. From there we will experience exponential growth the likes of which we can only dream about at the moment. When our brains interface with the cloud and we have incredible intelligence what will be the need to have money or accumulate wealth at that point?
Good question isn't it?
So as for the gold bull roaring back to life any time soon. I wouldn't bet on it if I were you. Cheers!
You know my feeling in this area. The only way to make any money at all is to figure out where the central bankers want the markets and to try to pick the top or bottom range.
Why do I say range?
Range is what the markets are now. They do not really trend anymore. Volatility continues to be very low and this is a big reason why there is not much trending these days.
Could it happen?
Well anything is possible but probable is very unlikely. You see there is no free market forces to push the markets where they should be. No fair market value area where a willing buyer is prepared to meet a willing seller. Only the central bankers on both sides of the market so that they can push it where ever they wish it to go without much resistance.
When we look at gold you can see from the chart below that you have to go back quite some time before you see the market trending at all. When it did the market was headed much lower at around 2012.
As you can see the market has been stuck in a back and forth range essentially averaging around the 1275 mark which is where gold has stayed ever since give or take a hick up to two. Contrary to popular opinion there is no reason at the moment to believe that this will change any time soon. At least that is how I see it. Oh it will bottom probably shortly and head back in a zig zag way back up to the 1390 area at some point over the next two years where the bulls will swear that the next big bull is about to take off and don't miss the ship.
I told you long ago that the Dollar was going up. As a result gold was likely to go down. That is precisely what has happened. Not that it has really moved anywhere but just enough to keep it in a nice sideways motion.
Is there a way to play it?
Not really, but if you are looking for the bottom area and top area you can see it on the chart. It has been the area for about eight years now.
Gold in the past has indeed been money. It has always served as a means of a store of value when governments go to far. With the advent of technology advancing like it is I am not sure this time if gold has any future in our world?
I honestly don't know.
Will we need currency in the next ten years?
Perhaps but at the same time, maybe not. When you can 3D print out whatever you need and when you no longer have any waste why would you need currency to work?
Well people need purpose you say.
Since when has a mans self worth been attached to his money?
Of course we know of many examples of people where they are totally about their money. They are totally self-absorbed with making more money, but when you really think of the use of money it causes you to question why we will need it in the not too distant future when abundance is available for all.
This is not some far off delusion of the future.
No.
It is essentially in the works right now. In about ten years time according to Ray Kurzweil we will hit singularity. That is when machines can do everything a person can do now. In some cases much better. Even doctors. From there we will experience exponential growth the likes of which we can only dream about at the moment. When our brains interface with the cloud and we have incredible intelligence what will be the need to have money or accumulate wealth at that point?
Good question isn't it?
So as for the gold bull roaring back to life any time soon. I wouldn't bet on it if I were you. Cheers!
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