Gold Price - Where is it heading?

[eskys]

Slowly finished over the evening.

I'm not much of a wine expert. It was a good drop.

I picked a couple up at the St. George Club ( Western Queensland ) where I was a member for $7 a bottle in my cotton pickin' days back in the late 70's. They spent a long time in storage in a mate's wine cellar along Kingsford Smith Dr. in Brisbane with his two, they were said to be rare at the time.

gg

GG drunk a dinasaur drop....a whole bottle of it! Do you know how much that cost, gg?

Recork the other bottle and keep it for your 100th birthday!

 

[divs4ever]

but did GG enjoy it ??

that is all that counts

 

[signalFollower]

here's some data for the Physical Buullion backs ETPs traded on the ASX under the ETF Securities banner.

each one of the PM offerrings show consistent demand for bullion ounces being held, and given the economic uncertainty going forward, I don't see this backing off

this data is actual ounces held per precious metal, apart from the Wall Street Silver period, there hasn't really been any signs of people taking their cash out and triggering a need for physical bullion holdings to be unwound

View attachment 141922

I should add, that the flow of funds into bullion backed ETPs has been a continual thing since Q2 2019

so as an indicator of the preference for bullion, continued sentiment in this regard (or even an increase of it by investors who have recenlty been burned by the stock market and crytpo declines), should see further support for all precious metal prices, so yes gold will be supported going forward

and what happens when interest rates can't control inflation ?, more of the same IMO but my exposure to gold is via late stage explorers / mine developers

 

[Sean K]

Bouncing up towards $1850, but London is about to saddle up.

 

[Sean K]

Bouncing up towards $1850, but London is about to saddle up.

View attachment 141937

And they're off....

 

[againsthegrain]

Now gg needs to refill the bottle with cheap wine, recork it and keep for a occasion when he has some wealthy guests to impress

 

[Sean K]

Now gg needs to refill the bottle with cheap wine, recork it and keep for a occasion when he has some wealthy guests to impress

A 389 or a St Henri and no one would know.

 

[DaveTrade]

A 389 or a St Henri and no one would know.

I like the 389 better than Grange and St Henri's not a bad drop.

 

[Garpal Gumnut]

One of the problems, not really a problem, but a factor is that Gold is priced in USD and I'm buying in AUD.

Both are moving in a reasonable range and Gold I am sure is about to break up over $US2000, moving together though magnifies the move or can increase or decrease gains or losses..

I do have lots of gold in bar and of late thanks to ASF posters as PMGOLD. It seems a more civilised way to keep it.

Now my expectation is that Wall St. will not crash tonight and some bedwetters will push the price of Gold down, and I can then review my next buy on Monday.

I nearly bought more at $AUD2616 this morning but elected not to. It is now trading lower in AUD but a tad up in USD.

So there is no rush, and anyone who is in will win imo.

gg

 

[Dona Ferentes]

One of the problems, not really a problem, but a factor is that Gold is priced in USD and I'm buying in AUD.
gg

Currency moves are a consequence, not an underlying factor.

But it does make it more complicated.

 

[Sean K]

I like the 389 better than Grange and St Henri's not a bad drop.

With the risk of diverting the gold thread to red wine, my conversion to red over beer and cask white was in 1994 when I bought what seemed to be an incredibly expensive St Henri at 16 bucks, which I recall back then was called a Claret.

 

[Telamelo]

G

With the risk of diverting the gold thread to red wine, my conversion to red over beer and cask white was in 1994 when I bought what seemed to be an incredibly expensive St Henri at 16 bucks, which I recall back then was called a Claret.

Gold thread is much better with wine involved lol haha

It's become my favourite thread here on ASF

 

[againsthegrain]

G

Gold thread is much better with wine involved lol haha

It's become my favourite thread here on ASF

+gold
+wine
+roulette

The real gentleman's civilised playground

 

[Dona Ferentes]

BYOG ...

Buy your own Gold, or Bring your own Grange?

 

[Garpal Gumnut]

BYOG ...

Buy your own Gold, or Bring your own Grange?

DYOR

Drink your own red.

gg

 

[Garpal Gumnut]

All jokes apart and with great respect to ASF members who are in to Bitcoin, I would see a collapse in BTC and Crypto as an event that would propel Gold well above $US2000 and a base forming there for years with sallies up and down to $USD2500-USD3000.

Just my thoughts when I consider buying gold.

As I say there is no rush.

gg

 

[eskys]

Gold is just holding........wonder if it will

Divs, easier to google option expiry and get it. ASX also has it...I'll try and see if it works through the forum.............have a great weekend, everyone

 

[eskys]

Expiry calendar

Expiry dates for options, LEPOs and futures contracts.

www2.asx.com.au

 

[divs4ever]

Gold is just holding........wonder if it will

Divs, easier to google option expiry and get it. ASX also has it...I'll try and see if it works through the forum.............have a great weekend, everyone

i don't actually trade options , just like to be aware of expiry dates in case of unusual moves ( say, somebody takes an oversize position in oil )

cheers

 

[eskys]

I don't trade options either, divs, goodnight