What do you think is in the future for Gold?

I've been trading gold on my simulator for a few months and I've had great success except for the election (I knew Trump would win but I thought it'd make the price go up). And I'm curious as to what I should do now so what are your gold plays and why?

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kitco.com/news/2016-11-23/In-YTD-Terms-Gold-Is-Still-One-of-The-Best-Performers.html
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Simulator.
Thinks live is the same.
Not worthy of greentext.

uhh you know simulators use real stocks and real prices right moron? The only difference is its not my own money

Go ahead then.
Go live.
Hmu when all your money is gone.
Simulators aren't real time.

That's why I'm asking for perspective, also wtf does real time have to do with anything?

>Trying to day trade Gold against HFT algorithms and Billion Dollar hedge Funds
>Day trading Gold at all
Friendly reminder, unless you own physical, you don't own SHIT. But sure, go ahead and buy your GLD ETF's

Fighting wit the boss over why the rothschilds can't really control the world with their wealth.

redpill me on the rothschilds if there is any real info

>being this stupid

Not sure what the other guy is saying but your behavior will change when your money's on the line

>i'm gunna put in $100000 of this fake money into gold!!!
>i'm gunna put in my lifesavings into gold!!!
That's the difference.

>difference is its not my own money
This difference and they way it impacts your own personal psychology is actually pretty important, see Also another difference between sim trading and live is that in sim trading you get filled where you worked your order. But in live trading you get filled where the market makers want to get filled at. They are the market makers that's their job is to make the market. They have all kinds of tricks to get filled where they want to get filled if they take the other side of your trades. So they may do stuff like not even filling you or getting close but only one tick away from where you worked your orders so you dont get filled, or you get bad slippage or rapidly stopped out when they are quickly widening the spread or repricing to where the liquidity is in the orderbook to pair orders (some may call this stop hunting, the market makers are doing their job of paring orders of willing buyers and willing sellers).
So for example your sim trading may get filled on entries and exits and work out profitably but in live trading on both the entry and exits you get slipped, and spread, and commissions, etc.

the real value of gold nowdays is 0$

thats not all about the differences of getting filled where you wanted to in sim vs live. Something that happens in live is requotes where they will come back later after the fact and tell you that you actually didnt get filled where you first thought.
Or they'll tell you that one of your orders was canceled, this could lead to scenarios like there was quick dip down and then it went higher, and at the bottom you work a buy order and think you got filled then as it returns to the high you work a sell order and think you got filled as price races above the previous high. Then later they come back and say for whatever reasons that your buy order didnt actually get filled but only your sell order did so now what you have is an open short position as the price is making higher highs.

Gold is up 318% in the 21st century, the Nasdaq Composite is up 31%


I dont own physical gold, gold etfs, or another other precious metal related securities, I will in the future, gold has been king since the dawn of time and it will likely stay that way forever, but of course that shouldnt stop you from putting money into the wallstreet casino, diversify

If I only understood every third word of what you just said, what reading material would catch me up?

some group is keeping the price down to transform their bucks to gold. once trump gets into office and starts fucking up the economy the price of gold/silver/platinum/copper/palladium will skyrocket.

Im not really into trading/speculating on gold.

However, I put about $1000 - 1500 into physical gold (and a little silver) just as a hedge.

Its probably not going to make me a lot of money. It is simply a form of insurance.

Another bonus will be inheritance. Governments around the world are looking into more efficient ways to anally rape you. Inheritance aka death taxes is one of them. With physical gold you can at least pass down something valuable without that.

In the UK, gold sovereigns are capital gains tax exempt so that could be a little bonus if necessary.

From what agendas of his makes you say this? Genuinely curious...

>starts fucking up the economy
What do you think he will do for this to happen?
Not disagreeing with you, but i'd like to see that you actually have some reason for your argument.

blog.themistrading.com/wp-content/uploads/2015/03/What-Every-Retail-Investor-Needs-to-Know.pdf

nanex.net/aqck2/4690.html
twitter.com/nanexllc

He doesnt have an actual reason. His Facebook friends and those trustworthy News reporters on the TV told him, so it must be true.

I've got 7% of my portfolio in GLD, and thinking of going up to 10%. Anymore than that is idiotic.

>knew that the better candidate for business would win
>didn't know this would mean people would now be investing in business instead of hoarding gold
It's like you don't even understand the purpose of your trading simulator.

>What is "The World Bank" for 600 Alex.

>fake money
We talkin the simulator or the paper fiat?

If i could just fast forward 50 years, all my investments would be doing amazingly.

What's difficult is when there's been a down trend for months, and you feel like shit, and decide its not worth the anxiety/stress and just sell for a loss.

I'm not some menstrual faggot who feels an emotional connection toward my money though, I get what you mean but I really don't see what people are trying to say here.

Trump ran on anti-corruption and anti-immigration rhetoric.

Everyone knows globalism is the future, watch as Yellen crashes the stock market in Feburary.

kek

"Potential gold-import ban by India could be biggest bombshell since Nixon"

Front page of marketwatch

You need to look far beyond the US to understand the price of gold.

trump didnt cause the price of gold to go down.

india's new anti corruption measure did, banning 500 and 1000rp notes(less then 10 usd) with 3 days to change to smaller notes or different currency,
india has millions of dollars in black money and it also aligned with Diwali which is like hindu Christmas or something and alot of people buy gold then so they had a fine reason to buy gold wo arousing suspicion to keep the currency legal tender.

trump might of caused some mexican drug lords to buy gold because their peso worth shit. but the massive market change is caused by the other side of the world.

the price will go back up unless more drastic changes to market like

>I put about $1000 - 1500 into physical gold
Baby's first ounce..

>PRICE OF GOLD DROPPED UNDER 1200$

When is "le Trump equals strong dollar" meme going to end?

one of the worst commodities you could trade. it's a manipulated market and basic economics have nothing to do with the short, mid, or long term price action. right down there with oil, but at least oil has liquidity and realistic spreads to it. learn to trade grains, livestock, or raw materials instead and realize if you're making more than one play a year you're just guessing.

>learn to trade grains, livestock, AND raw materials
had to fix a word there.

kitco.com/news/2016-11-23/In-YTD-Terms-Gold-Is-Still-One-of-The-Best-Performers.html

But yeah, day trading Gold is retarded.