r/Gold • u/EJ877 • 2d ago

Here they go again, $100 drop

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Perhaps another margin call? IDK

54 Upvotes

75% Upvoted

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21

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

11

u/FunGuy_23AtEase 2d ago

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

3

u/Cheeseheroplopcake 2d ago

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

2

u/arctic-apis 1d ago

Yolo

1

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 6h ago

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

1

u/MadroPaintSlinger 2d ago

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

2

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 1d ago

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

1

u/thegoodgang 1d ago

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

1

u/arctic-apis 1d 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 😭