Gold Price - Where is it heading?

[mullokintyre]

Because of the steep recent fall in the AUD, Goldi n AUD is now approaching the 2500 mark.
For those unhedged miners, these are good returns times.
I am a bit surprised that there has not been a bit of as surge in some of the goldies, but more than happy to wait.
Mick

 

[divs4ever]

Because of the steep recent fall in the AUD, Goldi n AUD is now approaching the 2500 mark.
For those unhedged miners, these are good returns times.
I am a bit surprised that there has not been a bit of as surge in some of the goldies, but more than happy to wait.
Mick

i have been recently trying to cherry-pick gold-producers at what i consider fair prices , so yes i will embrace the disappointment of ASX listed gold miners wallowing in mediocrity

( as the NIC implies i am hoping they will continue paying DIVS on the nice earnings )

 

[Joules MM1]

Chart Image

www.tradingview.com

easy to get energised looking at this (Tradingview calc/gram)

for those keeping their power dry (put away that musket!), a decent hit in this chart would make a decent (buy) heirloom investment

 

[divs4ever]

what you say defies logic ( compulsive money printing , real inflation rising , etc etc . )

but currently , logic is habitually ignored

gold stocks should be smashed ( briefly ) when the easy credit dries up and the over-leveraged need to cover their debts

but when will they turn off the money-taps

this stimulus has already gone on longer than i imagined

 

[divs4ever]

given such massive liquidity , i am also concerned banks MIGHT freeze accounts until the crisis ( their liquity issues ) passes

 

[rederob]

Gold remains stuck around $1800:

 

[bsnews]

what you say defies logic ( compulsive money printing , real inflation rising , etc etc . )

but currently , logic is habitually ignored

gold stocks should be smashed ( briefly ) when the easy credit dries up and the over-leveraged need to cover their debts

but when will they turn off the money-taps

this stimulus has already gone on longer than i imagined

They can't turn off QE.
The US and EU hell throw us in the mix as well are going down the same path as Japan best Ponzi seem I have ever seen.

 

[rederob]

Care needs to be taken when comparing gold in AUD terms versus USD terms.
While indexing is a handy way of assessing comparative performance, significant misinterpretation can occur when inappropriate starting dates (or periods) are used.
In the chart below I have used a "best fit" for calendar 2019 (rather than single point in time) as a basis for comparing trends in later prices:

The longer term price trend is obvious from the above.
I won't chart the shorter term trend as anyone can play with indexed dates for 2021 and discover that throughout this year to date POG in AUD has outperformed.
The point of this comparison is to map back prices to Australian gold mining company performance. While 2021 looks good for AUD denominated gold the bigger picture shows we have a lot of catching up to do to return to parity.

 

[Joules MM1]

inflationary trigger, well, should be, normally

Top Shipping Stocks for Q2 2023

ZIM Integrated Shipping Services, Kirby Corp., and Ardmore Shipping are the top performers for value, growth, and momentum, respectively.

www.investopedia.com

 

[rederob]

Gold drops $140 in 3 sessions:

And it's still trending down as I post.

 

[rederob]

A closer look at gold's collapse:

Recovery now underway.

 

[KevinBB]

Recovery now underway.

This is a really good example of why I trade using end of day prices, and place trades during the US day session only. Too much whipsaw otherwise.

KH

 

[Garpal Gumnut]

A closer look at gold's collapse:

Recovery now underway.

Agree.

If it looks like a bottom, shines like a bottom and when you turn it over it glistens just as much. it is Gold at a bottom.

gg

 

[rederob]

Agree.

If it looks like a bottom, shines like a bottom and when you turn it over it glistens just as much. it is Gold at a bottom.

gg

Until the downtrend is broken then we might all be shown the gold finger:

Otherwise, bottoms up, good chap.

 

[DaveTrade]

Be careful guys I think gold is going lower.

 

[divs4ever]

Be careful guys I think gold is going lower.

i hope you are correct ( and have some cash reserves if you are )

 

[Icarus500]

Markets are closed today in Japan and Singapur due to public holidays, liquidity was very thin this morning on the ASIA Pacific session, perfect scenario for the big guys to manipulate the Gold price, the trap was set up on Friday New York Closing time with the first drop, they moved the price where they want it, I will be very surprised if Gold keeps going down.

 

[divs4ever]

Markets are closed today in Japan and Singapur due to public holidays, liquidity was very thin this morning on the ASIA Pacific session, perfect scenario for the big guys to manipulate the Gold price, the trap was set up on Friday New York Closing time with the first drop, they moved the price where they want it, I will be very surprised if Gold keeps going down.

welcome to ASF , and posting here

personally i am staying flexible in my choices

cheers

 

[over9k]

First:



But then:



The bottom seems to have been found?

 

[Garpal Gumnut]

Sorry to open another thread on gold. I got bored with the market this afternoon and went in to Kitco.

I was struck by the appearance of an EW Wave 2 presently forming in all time frames 6mo. and beyond.

Is anyone charting USD/Gold Oz.
gg