Gold Price - Where is it heading?

[divs4ever]

Indians start cranking it up in October.

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Gold is a precious metal that is acceptable as an asset all over the world. This is because it has an expected value and is…

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but will they be buying it in US dollars this year , there are other easy options ... now ( especially now Russian gold is excluded from Western markets )

ALSO since the drain on India's foreign reserves MIGHT be less impacted , will India will less restrictive on imports

 

[InsvestoBoy]

Well well well....still a lot of wood to chop up ahead 2570-2580 (especially 2580) and then 2615-2665 (not shown) is the horrible range that broke the previously happy slow uptrend.

 

[againsthegrain]

Well well well....still a lot of wood to chop up ahead 2570-2580 (especially 2580) and then 2615-2665 (not shown) is the horrible range that broke the previously happy slow uptrend.

View attachment 147519

I have a feeling this is inline with the referendum, the results are known but anytime now could be the dday

 

[InsvestoBoy]

I have a feeling this is inline with the referendum, the results are known but anytime now could be the dday

What referendum?

 

[againsthegrain]

What referendum?

To annex Ukrainian regions into Russia which the Us and Ukraine said won't be recognised by the West. This leads to a bigger problem as Ukraine will see those regions as Ukraine and plan on taking them back. From a Russian perspective a attack on Russian soil warrants the use of nuclear weapons. It is planned to be officially announced today in Russia but already known that 98% support joining Russia.

Soon after the war started gold ran to 2700 now on news of escalation it could be priming up yet again

 

[InsvestoBoy]

To annex Ukrainian regions into Russia which the Us and Ukraine said won't be recognised by the West. This leads to a bigger problem as Ukraine will see those regions as Ukraine and plan on taking them back. From a Russian perspective a attack on Russian soil warrants the use of nuclear weapons. It is planned to be officially announced today in Russia but already known that 98% support joining Russia.

Soon after the war started gold ran to 2700 now on news of escalation it could be priming up yet again

Interesting thinking, TBH, I hadn't considered it at all, but the Q122 price action was definitely heavily influenced by the invasion.

 

[againsthegrain]

Interesting thinking, TBH, I hadn't considered it at all, but the Q122 price action was definitely heavily influenced by the invasion.

I would prefer if this was not influenced by the war but a nice clean uptrend, I guess we will see.

 

[InsvestoBoy]

I would prefer if this was not influenced by the war but a nice clean uptrend, I guess we will see.

2200-2900 is all new zones after the big run from 1600, significant wood chopping is to be expected.

Could easily spend a long time here without it being surprising...

 

[rcw1]

Gold is flat and the Dow is rising.

Good night

Kind regards
rcw1

 

[aus_trader]

Up a bit overnight for Gold and Silver even better...

 

[Tyre Kicker]

9% jump for silver. Wow!

 

[Garpal Gumnut]

I would prefer if this was not influenced by the war but a nice clean uptrend, I guess we will see.

Who knows.

I’m smilin’ though.

Not many from Alexander the Great’s day still holding papyrus or horse n cart stocks.

Gold however…

gg

 

[InsvestoBoy]

Well well well....still a lot of wood to chop up ahead 2570-2580 (especially 2580) and then 2615-2665 (not shown) is the horrible range that broke the previously happy slow uptrend.

View attachment 147519

Can't really believe we are in the 2615-2665 range so quickly...returning to the scenes of the crimes

 

[InsvestoBoy]

Looking at some cross asset charts, I am really kicking myself at this point.

Mid June I had rebalanced heavily into long duration Government bonds (which had been smashed) and by late July I was sitting on a hefty overweight as they bounced ~15%.

I was feeling psychological exhaustion from the previous decline in bonds and thought to let them run instead of rebalancing that overweight into gold which at the time was trading 2475-2500.

Bonds proceeded to slide to test their lows and my opportunity to sell that hefty overweight into the highs and buy more gold at the July lows was lost.




Big alpha miss from me

 

[againsthegrain]

Looking at some cross asset charts, I am really kicking myself at this point.

Mid June I had rebalanced heavily into long duration Government bonds (which had been smashed) and by late July I was sitting on a hefty overweight as they bounced ~15%.

I was feeling psychological exhaustion from the previous decline in bonds and thought to let them run instead of rebalancing that overweight into gold which at the time was trading 2475-2500.

Bonds proceeded to slide to test their lows and my opportunity to sell that hefty overweight into the highs and buy more gold at the July lows was lost.

View attachment 147655


Big alpha miss from me

when gold fell to 2475-2500 my emotional brain was telling me to sell, my logical brain said maybe buy bit more, but seems im braindead did neither

 

[Garpal Gumnut]

I

when gold fell to 2475-2500 my emotional brain was telling me to sell, my logical brain said maybe buy bit more, but seems im braindead did neither

I played Gold earlier between $US 1700 and 2000 and was lucky.

Then I took a large insurance Gold position in AUD on my long term SMSF ASX stocks and am now even overall.

Ass more than class.

Where to now?

Who knows. Tomorrow is a foreign country to paraphrase LP Hartley’s The Go Between.

gg

 

[Dona Ferentes]

Who knows. Tomorrow is a foreign country to paraphrase LP Hartley’s The Go Between.

gg

for me, past bedtime

 

[noirua]

Episode 69 - Master Investor Sector Focus: Going for Gold - Master Investor

Listen to the Master Investors podcast episode #69 with Jim Mellon.

masterinvestor.co.uk

Jim Mellon - Wikipedia

en.wikipedia.org

 

[Garpal Gumnut]

for me, past bedtime

Not in Kingsland

Still on Australian time.

gg

 

[rcw1]

Gold is flat and the Dow is rising.

Good night

Kind regards
rcw1

rcw1 bring some luck.
Gold is up and the Dow is rising.

Good night

Kind regards
rcw1