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 )Indians start cranking it up in October.
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I have a feeling this is inline with the referendum, the results are known but anytime now could be the ddayWell 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
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.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
I would prefer if this was not influenced by the war but a nice clean uptrend, I guess we will see.Interesting thinking, TBH, I hadn't considered it at all, but the Q122 price action was definitely heavily influenced by the invasion.
Who knows.I would prefer if this was not influenced by the war but a nice clean uptrend, I guess we will see.
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
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 neitherLooking 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.
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Big alpha miss from me
I played Gold earlier between $US 1700 and 2000 and was lucky.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
for me, past bedtimeWho knows. Tomorrow is a foreign country to paraphrase LP Hartley’s The Go Between.
gg
Not in Kingslandfor me, past bedtime
rcw1 bring some luck.Gold is flat and the Dow is rising.
Good night
Kind regards
rcw1
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