Quote from: stompix on Today at 02:55:50 PM

Quote from: spy100 on Today at 02:46:06 PM

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When gold futures moves from 1600 usd to 1942 usd in 5 - 6 months what does that tell you ?
What does all economic and investing books tell you when gold price increases 17,62% in a short period of time ?

It tells me a FOMO is happening and that the bubble will burst again, other than that it tells me zero, did I get food poison from it? Do I win the lottery? Did I lose my job? Did I get a promotion? Oh, wait, nothing of the above!

Again, other than gold moving up, where is the nightmare? What is so bad that I shouldn't be able to sleep at night?
People are investing in gold, gold prices go up, people are speculating and they might be right and they might be wrong.
Yes, we're heading from a recession but looking back to the dark days of April even a 8% GDP slump till the end of the year is good news compared to the scenario that were thrown at that time.

When people invest in gold it means that they are expecting something really bad to happen ... in portfolio diversification chapter they always tell you to put some of your money in gold like 1-10% ...well this looks like they are moving like 50-60% of what they have in to gold ....the stock markets are not moving up it's just govs creating the illusion that indices are ok and everything is back to normal,they are pumping money in stock markets do to fact they can print as much as they want ...on crypto : this is another pump and dump by institutions / hedge funds etc ... what makes btc so special so that price of btc increases from 9600 usd to 10375 usd in such a short period ? Did btc discover a coronavirus vaccine ? Did btc discover a way to stop world hunger ... ? It's just a coin based on blockchain nothing more ... there are thousands of crytos out there...