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Gold Price - Where is it heading?

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!
 
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

 
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
 
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
 
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
 
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
 
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