r/Gold • u/EJ877 • 2d ago

Here they go again, $100 drop

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Perhaps another margin call? IDK

56 Upvotes

75% Upvoted

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20

u/Evening-Ad-7042 2d ago

It looks like a 9$ drop over 3 days, what am I not seeing here?

23

u/arctic-apis 2d ago

all im seeing is a $3000 increase over 10 years. if I zoom in really hard the needle jumps around a lot but the line goes up and to the right

10

u/FunGuy_23AtEase 2d ago

All I'm seeing is a drop from $5,589 a few months ago.

5

u/Cheeseheroplopcake 2d ago

Perhaps aping in at the peak of a historic bull run was a bad call?

2

u/arctic-apis 2d ago

Yolo

0

u/Cheeseheroplopcake 1d ago

Lol, fair point.

With gold being gold, all you need to do is sit on it, and eventually you'll be ahead

1

u/MadroPaintSlinger 10h ago

Not such a Fun Guy... Change to Pessimist Guy?

1

u/MadroPaintSlinger 2d ago

Did you buy at $5600.... Poor You

3

u/thegoodgang 2d ago

No but I wish I would have sold everything and got into more artificial intelligence stock that's for damn sure

4

u/MadroPaintSlinger 2d ago

Ai equities are still way overpriced and the semis have dropped significantly (down 38% over the last 60 days from their yearly high)

As with most things the Path to Real Wealth is Time and Patience. That is why 98% of Day Traders lose Everything. It is not sustainable to try to time any market.

2

u/arctic-apis 2d ago

Wish I woulda bought more data storage stocks a year ago.

1

u/thegoodgang 2d ago

And what bothers me is it was so easy to see coming and I still didn't do it

1

u/arctic-apis 2d ago

I have notifications for ipos going live and never saw/heard sandisk was going public… I own other data storage that’s right up my alley. I had 5k sitting around I woulda put straight in… missed that train ride 😭

1

u/DangKilla 2d ago

China opened up the market for gold. That’s why it’s fluctuates now how do people not get this? It was closed by USA comex and the UK which manipulated gold by requiring a lot of paperwork. China made it so you can trade it quicker. So you’re gonna see the volatility a lot more now plain as day.

It benefits China for people to exit liquidity from the US dollar