GOLD: short if 20ma (blue) breaks.
Again I don't trade this stuff - just for fun.
Gold is a very emotional market - yahoos believe in their shiny metals, like crypto nerds and their corns. There exists a whole mythology about how society works to keep gold down and how fiat is about to collapse... very dramatic stuff ;)
I'v always been a skeptic. The gold market is over-represented in finance with little actual industry application (electronics less than 10%). The highest level of utility is jewelry (about 40%) and this is a kind of investment for me. Financial applications make up around 30% of the market.
In the long-term, gold will be replaced entirely within electronics and chemistry: graphene is a high-temperature superconductor. Efforts are being made to manufacture this on a large scale. In addition, other carbon allotropes are suitable for replacing precious metals such as gold, silver and platinum in a variety of industrial processes. Previously there was little reason to research them (they are still difficult to make), but the field is growing fast. Graphene is a single lattice layer of carbon (one atom thick! and therefore difficult to make on large scale). But trilayer graphene is a lot easier and it was recently discovered to superconduct - this would make even trilayer graphene a much better conductor than gold and carbon is one of the most common elements in the universe.
It is clear where the trend is going in the 21st century: nanotech and nanomaterials. They will make production process cheaper and more efficient. In addition they offer price security for manufacturers. In truth, financial markets do little but distort the price of commodities and are really a burden for manufacturers. An example in the 1980 silver bubble, jewelers were begging SEC to step in and crash the market after silver increased 10x in a matter of days. Another example is the recent cobalt bubble, battery manufacturers began to research the possibility of removing cobalt from the production process entirely after price increased almost 5x.
The reality is that no matter what they say, gold and silver hoarders primary goal is to accumulate USD. And for me, personally, I have zero emotional connection to gold and other metals - to me they are all base.
Again I don't trade this stuff - just for fun.
Gold is a very emotional market - yahoos believe in their shiny metals, like crypto nerds and their corns. There exists a whole mythology about how society works to keep gold down and how fiat is about to collapse... very dramatic stuff ;)
I'v always been a skeptic. The gold market is over-represented in finance with little actual industry application (electronics less than 10%). The highest level of utility is jewelry (about 40%) and this is a kind of investment for me. Financial applications make up around 30% of the market.
In the long-term, gold will be replaced entirely within electronics and chemistry: graphene is a high-temperature superconductor. Efforts are being made to manufacture this on a large scale. In addition, other carbon allotropes are suitable for replacing precious metals such as gold, silver and platinum in a variety of industrial processes. Previously there was little reason to research them (they are still difficult to make), but the field is growing fast. Graphene is a single lattice layer of carbon (one atom thick! and therefore difficult to make on large scale). But trilayer graphene is a lot easier and it was recently discovered to superconduct - this would make even trilayer graphene a much better conductor than gold and carbon is one of the most common elements in the universe.
It is clear where the trend is going in the 21st century: nanotech and nanomaterials. They will make production process cheaper and more efficient. In addition they offer price security for manufacturers. In truth, financial markets do little but distort the price of commodities and are really a burden for manufacturers. An example in the 1980 silver bubble, jewelers were begging SEC to step in and crash the market after silver increased 10x in a matter of days. Another example is the recent cobalt bubble, battery manufacturers began to research the possibility of removing cobalt from the production process entirely after price increased almost 5x.
The reality is that no matter what they say, gold and silver hoarders primary goal is to accumulate USD. And for me, personally, I have zero emotional connection to gold and other metals - to me they are all base.
Comment:
Gold closed below 20ma.
Comment:
Looks like Trump didn't get the cut he wanted, so he slapped a 10% tariff on Chinese goods... immediate stocks dump gold pump lol... xD
Comment:
he obviously really cares about the stock market lol xD
Comment:
stocks still getting hammered.
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New Trump tariffs, Rep. Joe Walsh calls Trump out on market manipulation
www.youtube.com/watch?v=LmKs2YSS...
www.youtube.com/watch?v=LmKs2YSS...
