Gold Price - Where is it heading?

[Garpal Gumnut]

And a golden week begins.

Sun is shining, birds are chirping, down to breakfast and await the market's opening.

POG for us tied to AUD/USD as much as anything else.



gg

 

[ducati916]

Some long term charts:



jog on
duc

 

[Garpal Gumnut]

I tell you those London bedwetters will be the end of me.

POG took quite a tumble just an hour ago.




gg

 

[Garpal Gumnut]

I guess the market is always correct.

A strong USD is the main cause from what I'm hearing and its outshouting inflationary concerns.

When do the yahoos in India and China start their festivals where the POG goes up for belly buttons and belly button rings?


gg

 

[DaveTrade]

All my indicators are still down for GLD but I feel it will bounce before the end of the week. Maybe the next bounce will be a market turn.

 

[Garpal Gumnut]

All my indicators are still down for GLD but I feel it will bounce before the end of the week. Maybe the next bounce will be a market turn.

Join the club, but we may be wrong.

But, we have a position on POG.

My problem is I'm trading POG and AUD/USD together when I trade POG.

gg

 

[DaveTrade]

My problem is I'm trading POG and AUD/USD together when I trade POG

Yes I think that the $AUS-USD is about to bouce but is still in a down trend.

 

[divs4ever]

I guess the market is always correct.

A strong USD is the main cause from what I'm hearing and its outshouting inflationary concerns.

When do the yahoos in India and China start their festivals where the POG goes up for belly buttons and belly button rings?

View attachment 141767
gg

for India the wedding season is VERY important for gold ( there is a tradition of gold gifts for the brides ) ( to the extent gold is smuggled to fill the needs when the leaders felt the need to ban the import of physical gold )

 

[Garpal Gumnut]

for India the wedding season is VERY important for gold ( there is a tradition of gold gifts for the brides ) ( to the extent gold is smuggled to fill the needs when the leaders felt the need to ban the import of physical gold )

Are we coming up to wedding season and festival season?

Years ago the POG used rise then.

Or maybe they don't now get married or worship anything apart from the rupee and yuan..

gg

 

[divs4ever]

well the US price is obviously manipulated , but what about the underlying demand , is that demand still robust ??

 

[qldfrog]

well the US price is obviously manipulated , but what about the underlying demand , is that demand still robust ??

Took me a month to get physical ordered 01/04 available....
20 to 25% oremium to official price..i somehow doubt it is just the reseller premium...

 

[Sean K]

This one month chart is for gold bugs. In AUD it's only off $40 though...

I thought there might have been $100 in war premium built in and perhaps some uncertainty on inflation and interest rate rises. Hard to tell what the market is pricing in with inflation/rates/USD.

Or, it's all just JP Morgan playing with us.

 

[Mohammed Hazabig'un]

well the US price is obviously manipulated , but what about the underlying demand , is that demand still robust ??

I had 50k on Gold mid last year during that run. It dropped so I made the Rookie mistake of dropping another 50k in. Then it plummetted. The dumping of "paper Gold" apparently.

 

[divs4ever]

I had 50k on Gold mid last year during that run. It dropped so I made the Rookie mistake of dropping another 50k in. Then it plummetted. The dumping of "paper Gold" apparently.

remember 'gold ' is competing with the US Dollars ( and US Treasury Bonds) and guess who intends to borrow huge sums of currency ( requiring the issue of piles of Treasury bonds , close to face value )

so UNTIL the US Dollar loses reserve currency status , the US Dollar ( and Treasury Bonds ) SEEM to be safest liquid investment on the planet

now a lot of ( physical ) gold and silver buffs think differently ( where the global economy collapses , gold/silver will still be acceptable to folks selling food , and fuel etc etc

electronic currencies will be near useless if no electricity/internet

of course gold/silver kept close ( at home ) have there own issues

 

[Telamelo]

US Gold price up about $20 thus far @ $1,834 (didn't stay below $1,800 for long as think it briefly nudged $1,792 or thereabouts)

 

[Garpal Gumnut]

US Gold price up about $20 thus far @ $1,834 (didn't stay below $1,800 for long as think it briefly nudged $1,792 or thereabouts)

Indeed.

I had a beautiful walk along the Ross River yesterday evening on sunset and the water was a rich golden with the setting sun.

I said to meself, that is an omen.

I may start buying more PMGOLD again today. I do hope the AUD behaves itself.

gg

 

[divs4ever]

i was hoping for some extra EVN today

but so far the indications look like i will be disappointed

 

[Telamelo]

i was hoping for some extra EVN today

but so far the indications look like i will be disappointed

Was hoping to get more TUL myself below 0.55c but seems I've missed out

 

[divs4ever]

Was hoping to get more TUL myself below 0.55c but seems I've missed out

it's early yet

let's see if they dump shares and rush for bonds

 

[Garpal Gumnut]

It is difficult with Gold atm.

My gut tells me to go all in. So many people are predicting a collapse.

USD/AUD and USD pricing and charts all sound caution.

I'll have a glass of 1951 Penfolds Grange and think about it.

gg