Australian (ASX) Stock Market Forum

Gold Price - Where is it heading?

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Sean K said:
Indians start cranking it up in October.

Indian Gold Buying Season | Forex Education

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

1664855721017.png


Big alpha miss from me :(
 
InsvestoBoy said:
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 :(
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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
againsthegrain said:
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
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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
 

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