Gold Price - Where is it heading?

[InsvestoBoy]

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

y'all gettin' too bullish, pretty much guaranteed to go down based on your post.

 

[Captain_Chaza]

y'all gettin' too bullish, pretty much guaranteed to go down based on your post.

No Comment!

 

[Telamelo]

y'all gettin' too bullish, pretty much guaranteed to go down based on your post.

Gold up again overnight to US$1,947 / AUD$2,741

 

[InsvestoBoy]

Gold up again overnight to US$1,947 / AUD$2,741

oh man, this is bad.

 

[DannyB0000]

y'all gettin' too bullish, pretty much guaranteed to go down based on your post.

If there’s world war 3, the price of Gold and the Stockmarket will be irrelevant. There’s enough nukes in the world to end humanity. Another extinction event.

 

[againsthegrain]

If there’s world war 3, the price of Gold and the Stockmarket will be irrelevant. There’s enough nukes in the world to end humanity. Another extinction event.

It won't automatically wipe out humanity to 0, but it will wipe out all your virtual crypto shares or fiat....gold guns food would be the real commodities... if you care to live in that scenario, bad news is the big 3 or 4 aus cities would be automatically wiped out by China or Russia now. Living somewhere in the bush and fighting crocodiles along with bandits could see your still stacking gold

 

[DannyB0000]

It won't automatically wipe out humanity to 0, but it will wipe out all your virtual crypto shares or fiat....gold guns food would be the real commodities... if you care to live in that scenario, bad news is the big 3 or 4 aus cities would be automatically wiped out by China or Russia now. Living somewhere in the bush and fighting crocodiles along with bandits could see your still stacking gold

True but we would get a nuclear winter which would impact food production, mass starvation, survivors fighting over land.

 

[againsthegrain]

True but we would get a nuclear winter which would impact food production, mass starvation, survivors fighting over land.

in which case you would still be better off having some gold rocks hidden somewhere rather than a bitcoin address, asx login or paper claim to land which nobody recognises. All pretty useless but one slightly better than the rest. All theory and who wants to live there anyway

 

[mullokintyre]

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

Every afternoon, I have a mob of 250 to 300 roos come in from the forrest to our property.
I would take 500 bucks a head and pay transport to your doorstep if you want more.
Mick

 

[Garpal Gumnut]

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

I would agree that the behaviour of the Russian cousins, in particular that of Vladimir Vladimirovich is providing good wind for the Good Ship Gold, as it chugs along through the tumult.

It really is quite warry as both sides have tin ears and the rhetoric and righteousness increases.

WW3 I doubt.

Cousin XI and Cousin Joe will be discussing the situation daily, and Russians are in fact despised more by the Chinese than the Americans.

So if it all goes Knuckler as they say in Virginia, my guess would be that it would be a conflagration limited to Middle and Eastern Europe from Berlin to the Urals.

The Chinese, Mongolian and Japanese cousins could move up in to Siberia and the Kirrils and ban vodka, and get that part of the world productive.

As ever the American cousins could do what they do best, come out winners without fighting on their own soil. And good on them.

Australia and @Sean K 's Kangaroos will increase in importance and value, both unscathed.

gg

 

[ducati916]

Gold the premiere world reserve currency for 320yrs about to return to the #1 spot:



China openly buying gold on the market, preparing to back the petro-yuan.

jog on
duc

 

[Miner]

By end May 23 - speculating gold US$2000

 

[DaveTrade]

To me it's looking like GLD is going to come back a bit this week. A lot of markets re-balancing this week, should be interesting.

 

[DrBourse]

To me it's looking like GLD is going to come back a bit this week. A lot of markets re-balancing this week, should be interesting.
View attachment 152282

 

[DrBourse]

Hi Dave Trade,

I tend to agree with you.

My take on Gold is that we are heading for 1910 by Friday 3/2/23 where the price should Bounce off the Linear regression Centre Line (pages139 – 142).

If that fails, then I would be looking at 1877 on 10/2/23 which is the Benchmark Candle Formation Centreline (pages197 – 199).


A Bounce off either one of those points could see 2000.

Cheers

DrB

 

[divs4ever]

If there’s world war 3, the price of Gold and the Stockmarket will be irrelevant. There’s enough nukes in the world to end humanity. Another extinction event.

some have calculated small pockets of humanity will persist ( and the select few who make the bunkers in time )

however civilization as you know it , may vanish

gold MIGHT still have barter value ( unlike stocks in a shattered global economy ) ( wouldn't you rather swap gold for a decent rifle , or food when survival gets tough )

please note it is unlikely the entire land surface of the world is within 5 km of a nuclear blast

BUT how many will resist the nuclear fallout and the nuclear Winter afterwards

 

[Miner]

some have calculated small pockets of humanity will persist ( and the select few who make the bunkers in time )

however civilization as you know it , may vanish

gold MIGHT still have barter value ( unlike stocks in a shattered global economy ) ( wouldn't you rather swap gold for a decent rifle , or food when survival gets tough )

please note it is unlikely the entire land surface of the world is within 5 km of a nuclear blast

BUT how many will resist the nuclear fallout and the nuclear Winter afterwards

Are u suggesting nuclear action by Russia to catapult gold price?

 

[arco]

A Cup and Handle pattern has formed, and gold is now bullish on the weekly Ichimoku chart.

 

[divs4ever]

Are u suggesting nuclear action by Russia to catapult gold price?

that would depend on whether folks would exchange gold ( or silver ) for tangible commodities/assets

if one party doesn't want to exchange valuations are moot

BUT gold is likely to have move value than banknotes in a failed nation/economy (SOMEBODY might want to swap it for something useful )

allowing for the very small group of coin/currency collectors that would probably survive

 

[eskys]

Is there something wrong with investing.com or is it my system? POG is flashing intermittently between 1945.33 and 1929.20 . Never seen this before