The bears den

[SpinFire]

It looks bullish. Gold already broken 5 years high.

Gold should be heading for 1800 by year end.

 

[coolhead]

It looks bullish. Gold already broken 5 years high.

Finally finally... It took too damn long. Hope it doesn't retrace back.

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[coolhead]

Gold should be heading for 1800 by year end.

If that is true, I can possibly pay in full of Merc A class with Coe liao.

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[SpinFire]

If that is true, I can possibly pay in full of Merc A class with Coe liao.

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Good luck!

Buy more and get a C Class instead.

Do track XAUSGD instead of XAUUSD, as the drop in USDSGD will partially erode gains.

 

[theMKR]

If that is true, I can possibly pay in full of Merc A class with Coe liao.

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u got a 20kilo bar?

 

[coolhead]

u got a 20kilo bar?

Undervalued junior gold mining stock in GORO. So far have 3500 shares of it.

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[theMKR]

Undervalued junior gold mining stock in GORO. So far have 3500 shares of it.

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orh.... so if gold price up, the assets of gold mining coy will raise too.
i tot of buying physical gold, but seems like only buying kilobar is worth it. but the price is

 

[revhappy]

 

[coolhead]

orh.... so if gold price up, the assets of gold mining coy will raise too.
i tot of buying physical gold, but seems like only buying kilobar is worth it. but the price is

I don't buy physical gold as it is expensive. I keep track of goro for several years so I'm comfortable with it. A less risky option is to buy gold etf but there's always all the doomsayers about paper gold and gold etf.

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[revhappy]

I see a disconnect between equity markets, bond yields and the USD.

Especially USD. For current euphoric market valuations, the USD should be much weaker, more like 1.2 -1.25 to the EUR and 1.25-1.3 to SGD.

Strong USD, low bond yields don't gel with the high equity valuations. Something has to give in.

I think US markets may stay around this level but USD will crash and DXY will go to 80 levels to sustain current valuations.

 

[coolhead]

I see a disconnect between equity markets, bond yields and the USD.

Especially USD. For current euphoric market valuations, the USD should be much weaker, more like 1.2 -1.25 to the EUR and 1.25-1.3 to SGD.

Strong USD, low bond yields don't gel with the high equity valuations. Something has to give in.

I think US markets may stay around this level but USD will crash and DXY will go to 80 levels to sustain current valuations.

How did you arrive at dxy to go to 80??

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[hindsight]

I see a disconnect between equity markets, bond yields and the USD.

Especially USD. For current euphoric market valuations, the USD should be much weaker, more like 1.2 -1.25 to the EUR and 1.25-1.3 to SGD.

Strong USD, low bond yields don't gel with the high equity valuations. Something has to give in.

I think US markets may stay around this level but USD will crash and DXY will go to 80 levels to sustain current valuations.

US bond yields are low because most developed economies have rates at zero or negative, and apparently they are going to go even lower soon.

With rates going deeper into negative territory, the 2% on the 10yr UST looks good, but this is before we consider the cost of hedging fx risk, its just gone thru the roof recently, my suspicion is that many went in unhedged when the 10yr yield was much higher and they are all rushing to sell the dollar to hedge against their dollar bond holdings now.

The dollar is likely going much lower if the fed is now on an easing cycle, with twin deficits already at eye-popping levels when the economy is still growing at 2%, its not going to take much to crush it.

 

[revhappy]

How did you arrive at dxy to go to 80??

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That was the level of DXY, before the entire taper tantrum and tightening cycle started. Now we are pricing in 4 rate cuts and QE restart and that is keeping SPY at these levels. So USD needs to take the hit. Else, SPY needs to fall.

In Jan 2018, when SPY was making new highs, USDSGD was 1.3 and EURUSD was 1.2. We need to see those levels atleast.

 

[kingboonz]

Too good to be true.

 

[Dividends Warrior]

You guys should drop gold and start buying bitcoin as a hedge

Wait for facebook's Libra

 

[coolhead]

You guys should drop gold and start buying bitcoin as a hedge

I'm more traditional, will stick to gold

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[SpinFire]

The SPX futures are already at ATH. Should be targeting 3000 next.

USDSGD has also broken down, this will be bullish for Singapore equities.

 

[blue_denim24]

I think almost all the markets are sky rocketing today

 

[Mecisteus]

I'm more traditional, will stick to gold

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Bought some XAUUSD with margin in IB this morning.

Gonna put a 10% trailing stop soon.

Forgotten how to do it already. Must login to Trader Workstation.

 

[coolhead]

Bought some XAUUSD with margin in IB this morning.

Gonna put a 10% trailing stop soon.

Forgotten how to do it already. Must login to Trader Workstation.

Hehe jiayou... Ib gets abit of used to but love the trailing stop function.

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