/biz/ - Business & Finance

[Anonymous No.674070]

How do I predict precious metals prices to swing or daytrade gold ETFs successfully? I know people do this, so how is it done? Anyone know?

[Anonymous No.674072]

You have to understand what influences precious metal supply and demand (unless you're using pure TA).

[Anonymous No.674098]

>>674072
Well that's sort of obvious. I mean, is everyone just using technical analysis? Someone has to have some degree of certainty of which way the price is moving, because people are making money off of these ETFs.

[Anonymous No.674114]

>>674098
try predicting das future.

i.e surge in electronics produce (iphone for example.) will shorten supply by a bit resulting in higher prices.

also keep a close eye on precious metal producing countries, especially the African ones since they are more prone to war n shit.

it helps to look into research that are based on replacing rare metals in devices which could benefit you if you short.

you get the idea. it's literally what this dude >>674072
said.

[Anonymous No.674122]

>>674070
Go short. Congratulations, you're a millionaire.

[Anonymous No.674137]

>Buys high
>Sells low

[Anonymous No.674272]

Miner here.

Unless you have field-level, proprietary knowledge about certain prospects, based on first-hand knowledge from geologists or the mining engineers, you have no business speculating in metals.

[Anonymous No.674291]

>>674272
That implies that new supply from mining is particularly relevant.

[Anonymous No.674292]

>>674070
I have 1k in gold do i sell now or hold

[Anonymous No.674306]

>>674070
inside information
befriend some investment bankers maybe they will give you some tips or visit establishments (bars, pubs, restaurants) frequented by investment, trader types, try and listen in on private conversations (has been done before)

[Anonymous No.674308]

>>674291

I was referring more to investments in junior mining companies.


On average, 1 in 25 mines that go into production have the ore grades and necessary geology to become profitable over their lifespans.

Personally, I don't "get" gold myself, but I know there is a chunk of the population that likes to hold on to it in tumutuous times, so I'd advise anyone to have a small part of their portfolio in gold or gold futures.

I don't see how anyone can make a reliable living on speculating in gold ETFs..

[Anonymous No.674314]

>>674306

[Anonymous No.674317]

>>674308
>junior mining companies

Utter shit. Never invest in them, the ones that aren't outright scams are run by morons.

[Anonymous No.674341]

>>674314
BLUE HORSESHOE LOVES ANACOTT STEEL

[Anonymous No.674385]

>>674114

>predicting the future

Actually, it's better to forecast.

[Anonymous No.674902]

Wait for news that should send gold higher - this means the price will go down.

Go long after massive amounts of naked shorts get dumped on the market at odd hours and the price falls.

[Anonymous No.674923]

>>674292
Hold

[Anonymous No.674966]

>>674292
Is that $1000 in gold or 1 kilo of gold?

[Anonymous No.676247]

>Waiting for those sweet krugerrands to drop beneath 1k

[Anonymous No.676421]

>>676247
>2015
>not buying 999 or higher bullion coins
Canadian Gold Maple Leaf coins are where it's at.