/biz/ - Business & Finance

ofcourse the morons wont report. sites like zerohedge gladly report every 1pip bounce but never the gold panicks.

ive been shorting for a while but i dont think shorting gold coming years will be a good idea. nevertheless it's currently weak.

>>1542973
Confidence in the global economy: the animal spirits.

>mfw i'm riding down the wave on binary options
>mfw it's still demo credits

>>1542973
>mfw silver is crashing
get fucked silverbacks

UP, DOWN, TURN AROUND

PLEASE DON'T LET ME HIT THE GROUND

>>1542973
YTD +22.03%
>crashing

>>1543023
there was a huge resistance around 1290$-1300$

now it's fucking freefall

maybe it will reach 1210$ or maybe it will hit 1100$ again

anyway i'm fucked

Should I wait for a low low and then buy or will it keep freefalling? What is causing this

>>1543046
Trump just lost the election + DB won't crash this month

the only two reasons that come to my mind

also this >>1543028

3% down nothing too crazy

>>1543005
>binary options

Literally, not figuratively, unironically end your own life.

I bought Detour Gold Corp in June for 33 CAD after brexit hoping it will slowly rise (Brexit happening, Trump winning election, DB collapsing etc.)

now it's 25 CAD

JUST FUCK MY PORTFOLIO UP

>>1543139
>Trump winning election
kek
how's that redpill taste now, moron?

>>1543139
>not buying more now
your moon ride will come as article 50 deadline nears.

>>1543397
I don't want to sell it now

I still don't believe gold will drop below 1000$ - not with entire financial system on the verge of collapse

>>1543433
>not with entire financial system on the verge of collapse
it isn't though

>>1543432
I would buy it but I would have to sell something else to do it - so not happening until I got a decent price for my other stocks

>>1542973
>cashed out 40k off my gold bars this last couple of months
Time to buy again i guess.

1. Fed talk (AKA bullshit but it moves markets significantly)
2. EU tapering QE
3. General economic growth not slowing down much more.
4. DB not crashing.
5. People taking profits.

It'll stick around $1280-1300 until December IMO

>>1543065
why did he just lost the election?

>>1542973

its a sign of dollar strength..always remember when gold goes up dollar gets weak, and when it goes down it gets strong, because its a safe haven for people when they are doubtful

>>1543497
If Trump gets in, would you expect the dollar to crash or surge? Long term and short term?

>>1543485
Didn't. New debate tonight @ 9PM est will decide

>>1543485

short story:
media killed him for not paying his taxes for 18 years and saying mean things to some people

Hillary is having a victory celebration right now

>>1543509
The media is wildly out of sync with reality

It keeps claiming low sterling = DOOM

>>1543509
those who like him justify it by him just taking advantage of loopholes. even he said that he'd fix those loopholes. a loophole created by clinton actually and some say hillary has done the same (I am not sure about this last one though as I read it on pol and not on a news source)
or in other words he is smart like he said.

I can see the point as I'd do the same in his position.

>>1543518
>I'd do the same in his position
this

although what mainstream media and Hillary are doing right now is a massacre

Hold JNUG and UWTI overnight

>>1543509
>media killed him for not paying his taxes for 18 years

You mean that thing that after all the claims, got "leaked" to NYT and it turned out that it was all legal thanks to a bill passed by his good ol' buddy Bill Clinton?

>>1543653
I don't think that media will cover it like that

anyway - it's only one of the reasons why the gold is dropping

Should i buy nugt? Will it go up or crash again tomorrow?

>>1543485

Being a """"republican"""" who just took a massive shit on veterans.

In before someone let's us all know what he REALLY meant.

i shorted gold, thats why it crashed

>>1543509

MSM treating being a big ol' meanie and not breaking laws worse than literally breaking laws and being a filthy shill is just retarded. It doesn't even compare.

>bitcoin going up
feels good man

>>1543770
You're an idiot; please kill yourself.

>>1543770
http://www.foxnews.com/politics/2016/10/04/trump-camp-slams-media-over-out-context-frenzy-on-ptsd-remarks.html

>>1543770
Retard.

>>1543869

>the party that worships the troops
>candidate who never served but just had explosive diarrhoea right in disabled vets mouths

Sure thing bud. 5 Trumpcoins have been deposited in your account.

>>1543872

You are aware that when someone says "in before X", you don't then do X, right?

>>1542973
Wake me up when its in a 6 year low again and I will go all in.

>>1543877
Are you saying that I shouldn't point out how full of shit you people are because you did so first It's a completely bogus narrative. He didn't take a "massive shit" on anyone, you fucking retard.

>>1543877
>y-you can't use arguments against me if I say >inb4 arguments!

>>1543876
Thanks for correcting the record, CTR.

>>1543876
>>1543770
>>1543877
“I think it’s sickening that anyone would twist Mr. Trump’s comments to me in order to pursue a political agenda,” Chad Robichaux, founder of Mighty Oaks Warrior Programs in California, said in the statement. “I took his comments to be thoughtful and understanding of the struggles many veterans have, and I believe he is committed to helping them.”

Retired Lt. Gen. Mike Flynn, an outspoken Trump booster, said “the media continues to operate as the propaganda arm of Hillary Clinton as they took Mr. Trump's words out of context in order to deceive voters and veterans -- an appalling act that shows they are willing to go to any length to carry water for their candidate of choice.”

>>1543930
when trump supporters started saying "THIS ELECTION IS RIGGED!!!" is when I stopped worrying that he might win

like do these people not know what fox news is?

>>1542973
jews are unloading after they bet on gold before brexit.

i was telling everyone on /pol/ that right now was the worst time to buy gold because of how much money the kikes pumped into it.

we even saw that little manlet jew shapiro shilling for people to buy gold from whatever jew company talked to him.

>>1543954
LA Times has him up 4 points, and they're probably over-sampling leftists like yourself.

>like do these people not know what fox news is?

The most honest major news outlet this election? I realize that you're a basically a lunatic, a truly rabid leftist, so it's no surprise that you won't see it. Frankly, there must something very wrong with you if you're going to claim that it's Fox that's biased.

Where is the bottom for gold, and what events or timelines should one expect.
>at this pace I'll be wearing gold plated knee pads soon

Platinum is also below 1k now

>>1543497
He didn't shit on any veterans. He just said that you have to be a very strong person to not come back with PTSD, the media then claims that he said that veterans with PTSD are weak often without even including his actual quote.

>>1542973
It's called a market correction.

>>1543930
People cite Mike Flynn as if he's a fighting general. The guy was an intel weenie for his entire career, never saw combat, never even got close to combat. Beyond that, he lacks integrity. He chastised the DIA from 2012 onward, and President Obama for selecting bad officers to lead it. He was the first DDIA assigned by Obama. In essence, he's saying "President Obama did a terrible job by choosing me as commander."

If Mike Flynn said water was wet, I'd have to check it to be sure.

The drop isn't going to last long, any weakness will be bought into immediately

>>1542973
Tim Kaine won the VP debate, so now they're shorting gold because they think Hillary will win the US election and the economy will be A-OKAY. Just ignore Deutsche Bank and China.

>>1543518
It's not actually a loophole though. It's a legitimate tax write-off for business owners that lets them write off their losses until their earnings recover.

>>1543509
>not paying his taxes for 18 years
Nobody knows that, it's literally slander.

>>1544393
Gold will recover though, I'm pretty sure this is the bottom.

>>1544410
it always does, though it might go an extra 10-20 down

>>1542973
Gold is weak because it's been propped up by shitty trading for a really long time. When the fed lowered interest rates gold did pretty well, but that margin of utility eventually breaks. There are also the gold peddlers who have been using the low interest rates to sell it off. There's no point to keeping gold if interest rates are set to rise. The retards who keep saying "buy" are morons. Of course you have gold bugs who will buy regardless, and doomsayers who claim any day now the fed is going to implode. Nevermind the fact that they've been saying this for 50 years. TL;DR gold has been inflated for some time and now it's finally starting to reflect that in price.

BUY THE DIP

>>1544452
Yes goys...buy the dip!

>>1544455
what wrong with this?

>>1543922
I like bo burnham

>>1544463
>>1544463
Because, idiot, you are buying their useless crap with your useful dollars

Jesus's Christy

>>1544469
Ok? Then ill sell it right back after it goes back up to $1300

>>1543439
Right. So when will rates be back in the historically normal range of 5-10%?

>>1545298
When migration movements are restricted. Not joking.

>>1545307
That's a lot of dominoes, anon. Care to share with the rest of the class?

>>1544469
>Buy useless crap
>Make useless money
>use said "useless money" to start a farm and build water harvestors

Who's getting played now?

>>1543922
I don git it tis cracka be whyde

>>1544463

do you know that the price has bottomed out? It's near 1.270, and it struggled for quite some time there before rising. If it drops below and stays there for a few hours, it will trigger a selloff. We can possible drop down to levels between 1k and 1.1k an ounce.

>>1543977

>>1542973
Here's the Official /biz/ discord

https://discord.gg/m6A3rsG