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overtheedge
Member since May 2012
680 commentaries - 6 followers

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Research: Gold Acts As A Safe Haven Against USD And GBP - Mark O'Byrne - gold.ie

I contend that all the commentaries are preaching to the same choir. Now a couple of doctors of economics are joining in. They must have tenure.
Ergo, my comments find the same audience.

The general masses of the western hemisphere will sit this one out until the pricing of PMs has made several steep rises resulting in 50% or better gains off the bottom.
Then the masses will go into stupid mode, buy anything and everything available for immediate delivery even though the premiums could be silly stupid high.
However, with the potential for delayed deliveries due to high demand exceeding the inventories of smaller fabricated goods: coins, rounds and small bars,
premiums should rise substantially on those smaller goods. This provides an opportunity to gain some serious profits if you can avoid panicking over delayed shipment of PMs ordered to replace what you sold. Keep in mind that prices will probable stumble and fall several times resulting in short-term panic selling. Just another buying opportunity at a negative premium. The general masses are a herd. They panic and stampede in and out of every market they attempt to make money in. They buy high and sell low. Generally speaking, they never learn. The masses do not read PM commentaries, they don't learn and they refuse to try to learn anything from history. They blame the successful investors and producers for their own failures. There is no such thing as a herd of predators, only prey and the masses play that part so well.

But if one chooses this option to gain profits (PM profits are generally measured by weight), you better know when to stop selling and go back to stacking.
If you can't physically stack it, you don't have it.
If I can't trust the government/bank public/private partnership to properly manage money, I won't trust anyone else.

Commented 4099 days ago

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Beginning of the headline :Today’s AM fix was USD 1,374.50, EUR 1,028.59 and GBP 880.30 per ounce. Yesterday’s AM fix was USD 1,370.50, EUR 1,027.28 and GBP 879.60 per ounce. Gold climbed $7.20 or 0.53% yesterday, closing at $1,374.60/oz. Silver rose $0.13 or 0.57%, closing at $23.05. Platinum surged $29.34 or 1.9% to $1,535.74/oz, while palladium climbed $10.85 or 1.5% to $752.35/oz. Gold is flat on the week after a near 5% gain last week. Gold is well bid in Asia with volumes and premiums remaining robust which will s... Read More

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