Gold Price - Where is it heading?
- Thread starter guycharles
- Start date
-
- Tags
- gold gold price
- Joined
- 8 June 2008
- Posts
- 12,413
- Reactions
- 18,064
Gold in AUD should do well...was last time i checked ..so should gold miners in the short term
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,017
- Reactions
- 10,999
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,017
- Reactions
- 10,999
Up 20 bucks to $2650. Looks good from Mar 21. Pretty much sideways since Mar 22, like PMGOLD.
- Joined
- 6 September 2016
- Posts
- 1,260
- Reactions
- 1,596
Wow what a daily bar.
- Joined
- 20 July 2021
- Posts
- 10,972
- Reactions
- 15,238
now i did hear an interesting/disturbing suggestion from one commentator of distressed Central Banks/Treasuries compulsorily acquiring the production of local gold/silver miners as 'an emergency measure ' and as such one might wonder the price of the accumulation would be 'at fair market prices '
not saying they will, but some nations have demanded citizens hand in their gold ( or made it illegal to hold ) before in times of stress
but yes nibbling on gold producers when they dip , is what i am doing as well ,
gold price , it has been rigged for so long , the system needs to fail before you get true market prices ( gg probably has the best idea on that )
- Joined
- 6 September 2016
- Posts
- 1,260
- Reactions
- 1,596
Quite an interesting close last night
Testing the previous monthly high with no rejection yet. The monthly close for April/closing swing high is also just ahead.
Promising, but my major concern now would be Mondays Asian open session as price will likely try to squeeze shorts above 2680 on low liquidity. These squeezes can get a fair bit of range as stops get run before supply comes back in as London opens.
In my experience watching a lot of these Monday squeezes in many markets, they haven't resolved well after the initial move.
Testing the previous monthly high with no rejection yet. The monthly close for April/closing swing high is also just ahead.
Promising, but my major concern now would be Mondays Asian open session as price will likely try to squeeze shorts above 2680 on low liquidity. These squeezes can get a fair bit of range as stops get run before supply comes back in as London opens.
In my experience watching a lot of these Monday squeezes in many markets, they haven't resolved well after the initial move.
Good morning,
rcw1 yellow ave purchase price next to be sold by rcw1 p/t/o including coins is $2400 Aust. around $1635 US. rcw1 will be in BRISvagus 14/01/23 + for business and pleasure... Gold Coast Magic Millions races ha ha ha ha ha ha.... If the pog is hovering around that $1950, always nice to be positive ha ha ha ha, give or take... US mark, rcw1 will sell this holding, profit of btw $460 to $500 Australian p/t/o. Just saying ... rcw1 would still be holding some gold, put away over past 40 years or so in the 'small safe' electrified and guarded loyal bodyguards 24/7 ha ha ha ha ha ha - one too many coffees this morning decided where to bet coin on the gee gees,...
Gold is good. Upon the obliteration of fiat currency, through inept financial management, war, famine, pandemic, asteroid collision/disaster whatever, what do you have left?? Anarchy and Crypto?? ha ha ha ha ha
Re: accumulating my Gold stocks whenever they dip... ;
As for gold stocks, nice to have several transactions running simultaneously and be in an out real fast... lightning fast
rcw1 will buy on the rise, always.
Have a happy and safe Christmas and prosperous new year.
Kind regards
rcw1
rcw1 yellow ave purchase price next to be sold by rcw1 p/t/o including coins is $2400 Aust. around $1635 US. rcw1 will be in BRISvagus 14/01/23 + for business and pleasure... Gold Coast Magic Millions races ha ha ha ha ha ha.... If the pog is hovering around that $1950, always nice to be positive ha ha ha ha, give or take... US mark, rcw1 will sell this holding, profit of btw $460 to $500 Australian p/t/o. Just saying ... rcw1 would still be holding some gold, put away over past 40 years or so in the 'small safe' electrified and guarded loyal bodyguards 24/7 ha ha ha ha ha ha - one too many coffees this morning decided where to bet coin on the gee gees,...
Gold is good. Upon the obliteration of fiat currency, through inept financial management, war, famine, pandemic, asteroid collision/disaster whatever, what do you have left?? Anarchy and Crypto?? ha ha ha ha ha
Re: accumulating my Gold stocks whenever they dip... ;
As for gold stocks, nice to have several transactions running simultaneously and be in an out real fast... lightning fast
rcw1 will buy on the rise, always.
Have a happy and safe Christmas and prosperous new year.
Kind regards
rcw1
- Joined
- 28 August 2010
- Posts
- 1,154
- Reactions
- 1,720
I thought crypto was digital anarchy ?Good morning,
rcw1 yellow ave purchase price next to be sold by rcw1 p/t/o including coins is $2400 Aust. around $1635 US. rcw1 will be in BRISvagus 14/01/23 + for business and pleasure... Gold Coast Magic Millions races ha ha ha ha ha ha.... If the pog is hovering around that $1950, always nice to be positive ha ha ha ha, give or take... US mark, rcw1 will sell this holding, profit of btw $460 to $500 Australian p/t/o. Just saying ... rcw1 would still be holding some gold, put away over past 40 years or so in the 'small safe' electrified and guarded loyal bodyguards 24/7 ha ha ha ha ha ha - one too many coffees this morning decided where to bet coin on the gee gees,...
Gold is good. Upon the obliteration of fiat currency, through inept financial management, war, famine, pandemic, asteroid collision/disaster whatever, what do you have left?? Anarchy and Crypto?? ha ha ha ha ha
Re: accumulating my Gold stocks whenever they dip... ;
As for gold stocks, nice to have several transactions running simultaneously and be in an out real fast... lightning fast
rcw1 will buy on the rise, always.
Have a happy and safe Christmas and prosperous new year.
Kind regards
rcw1
Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
- Posts
- 13,344
- Reactions
- 9,449
I hadn't heard that opinion, to be honest.
In the world today it would be nigh on impossible to implement the confiscation of Gold. Even in Roman and Medieval times any call on Gold by the Centre whether it be a Treasury or Bank was answered by a shovel, either on to the cranium or by digging in to the ground.
My 7yo. Grandson and other Gumnut families are coming to stay for Christmas. He's quite handy on computers. I'll ask him to have a go at blocking blockchains.
Watch this space.
Last time he was here I taught him how to dig holes.
gg
- Joined
- 19 October 2005
- Posts
- 4,128
- Reactions
- 6,069
Gold caught up and passed Palladium overnight. Or Palladium fell behind Gold - bit of both.
- Joined
- 20 July 2021
- Posts
- 10,972
- Reactions
- 15,238
arguably bitcoin only , the others seem to rely on exchanges ( virtual banks/trading desks )
one might wonder if bitcoin is fatally wounded by tighter restrictions on international trade and delivery services ( bypass all that FX stuff )
- Joined
- 20 July 2021
- Posts
- 10,972
- Reactions
- 15,238
i imagine the first tranche of gold/silver confiscation would be oblige vaults ( like the Perth Mint ) to surrender clients holdings to the central money pit ( Treasury ) much like they did in WW2 whether they reimburse with paper/digital certificates remains to be seen ,
safety deposit boxes in banks and other places might easily be next , along with a ban on legally trading the physical
would the Government go from door-to-door with search-teams , i guess that would be the death of 'fair elections ' also but would they do it
teach the grandson WHERE to dig holes , some holes look less interesting than others ( wink )
Bernard Cribbins Hole In The Ground
Bernard Cribbins cracking song Hole In The Ground, Proper British this, Enjoy!
yewtu.be
think back since 2019 and how many unthinkable things have now come to pass in less than 3 short years
Similar threads
