Gold Price - Where is it heading?

[farmerge]

11 year olds spruiking gold now. Get ready for the bubble.

View attachment 151972

Hmm an 11 year old with a grasp on fiscal values way beyond his years. Or is he??

 

[Sean K]

Hmm an 11 year old with a grasp on fiscal values way beyond his years. Or is he??

AFR is owned by Nine now so we probably shouldn't trust anything they put out.

However, I do trust my Uber drivers who have been telling me to buy gold.

 

[farmerge]

AFR is owned by Nine now so we probably shouldn't trust anything they put out.

However, I do trust my Uber drivers who have been telling me to buy gold.

Good for you Sean K Taxi drivers and barbers hmmmmmmmmm
I only trust "the bloke in the mirror" a very wise sage

 

[mullokintyre]

11 year olds spruiking gold now. Get ready for the bubble.

View attachment 151972

Greta was once only 11 you know.
Mick

 

[ducati916]

If gold were again required to underpin fiat:





jog on
duc

 

[Telamelo]

Gold price keeps rising now @ US$1,939 .. equates to AUD$2,760

https://goldbroker.com/charts/gold-price/aud

 

[Garpal Gumnut]

Gold price keeps rising now @ US$1,939 .. equates to AUD$2,760

https://goldbroker.com/charts/gold-price/aud

Thanks @Telamelo

I may be forced to sell some Gold when it breaches $USD2000 as I'm uncomfortable with the rising AUD/USD.

The currency conversion does take the shine off the value of Gold in AUD, and should the AUD continue on towards 75 or 80c. US, I may be better off cashing in some of my profits and set off to the Haute Loire for a delayed trip due to the plague.

I understand Franche and speak it passably to satisfy my needs. I do like the French, particularly in the South, they are such an arrogant mob of cousins, with a great sense of humour and pleasing habits.

To illustrate my thinking I enclose a chart of the AUD/USD.

On top of that I should get good Euro value for my AUD should things pan out.




gg

 

[Sean K]

Thanks @Telamelo

I may be forced to sell some Gold when it breaches $USD2000 as I'm uncomfortable with the rising AUD/USD.

The currency conversion does take the shine off the value of Gold in AUD, and should the AUD continue on towards 75 or 80c. US, I may be better off cashing in some of my profits and set off to the Haute Loire for a delayed trip due to the plague.

I understand Franche and speak it passably to satisfy my needs. I do like the French, particularly in the South, they are such an arrogant mob of cousins, with a great sense of humour and pleasing habits.

To illustrate my thinking I enclose a chart of the AUD/USD.

On top of that I should get good Euro value for my AUD should things pan out.

View attachment 152111


gg

I'm waiting till my Kangaroos are worth $10K.

 

[eskys]

I'm very confused today.....if AUD is going to go higher, can someone tell me why gold shares are going down? gg? anyone?

It appears to me that punters want out of gold shares............I'm in a fix

 

[Sean K]

I'm very confused today.....if AUD is going to go higher, can someone tell me why gold shares are going down? gg? anyone?

It appears to me that punters want out of gold shares............I'm in a fix

AUD gold price is down, but it's just one factor.

There's going to be a bunch of profit taking shortly after an incredible run for gold stocks and bullion in all currencies.

I've skimmed profits in a number of gold stocks you can see in my signature but the only thing I've completely sold out of is TIE because it went too nuts.

 

[DaveTrade]

I'm very confused today.....if AUD is going to go higher, can someone tell me why gold shares are going down? gg? anyone?

It appears to me that punters want out of gold shares............I'm in a fix

@eskys remember that Gold is priced in US dollars so if you buy Gold with Aus dollars and the AUD/USD goes up, ie AUD is worth more against the USD, but the Gold price does not move and you sell, then you will get less Aus dollars back. Hope this will help.

 

[eskys]

Sean, I sold all of EVN shortly after open........was very proud of myself............then put a buy order on, took the leaf blower out and went about happily blowing away. When I came back after an hour or so, blimey........found myself locked up. Had completely forgotten about CPI due out at 11.30am!

Dave, thank you for your explanation. That's a big help, much obliged.

 

[DaveTrade]

 

[Sean K]

Sean, I sold all of EVN shortly after open........was very proud of myself............then put a buy order on, took the leaf blower out and went about happily blowing away. When I came back after an hour or so, blimey........found myself locked up. Had completely forgotten about CPI due out at 11.30am!

Dave, thank you for your explanation. That's a big help, much obliged.

EVN was WAY oversold recently, like a lot of Aussie gold producers. If you managed to buy in a few months ago to just about anything you've done extremely well. Gold bugs unite!

 

[farmerge]

I'm waiting till my Kangaroos are worth $10K.

Roo shooter gets about $50 a roo from my farms when he takes them to the pet meat abs. He'd love something like that and so would I.

 

[InsvestoBoy]

View attachment 152122

Doubt it. 9 consecutive up closes, not including this week. Time for a breather for sure.

 

[Telamelo]

Doubt it. 9 consecutive up closes, not including this week. Time for a breather for sure.

Depends as situation flaring up in Ukraine & Putin getting serious - this may unfortunately ultimately escalate into world war 3 soon and if so, then Gold price will skyrocket imo

 

[Captain_Chaza]

Depends as situation flaring up in Ukraine & Putin getting serious - this may unfortunately ultimately escalate into world war 3 soon and if so, then Gold price will skyrocket imo

As Has and Will Go the Price of Tanks

Sailing the RHM ---------One Week at a Time-----------------Sailing the RHM---------One Day at a Time

Salute and Gods' speed

Ps: I don't Hold as I consider it in BAD taste

 

[Sean K]

As Has and Will Go the Price of Tanks

Sailing the RHS ---------One Week at a Time-----------------Sailing the RHS ---------One Day at a Time
View attachment 152145
Salute and Gods' speed
View attachment 152142
Ps: I don't Hold as I consider it in BAD taste

Without RHS, Russia might have already taken over Ukraine and be looking at Poland.

 

[Captain_Chaza]

Without RHS, Russia might have already taken over Ukraine and be looking at Poland.

Sorry Captain Sean for the typo
but the code should read RHM not RHS