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Gold Price - Where is it heading?

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finicky said:
Yeah me. I can't wait for his free tip at the end of an hour of listening, although last time the tip was HRZ.
I subscribe to him so if there are any superb subscriber picks I will post on the stock's thread.
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That's right @finicky I recall it HRZ .. and prior tip to that in earlier presentation many month's ago was BC8 (made a small fortune in 10mins on that tip alone lol)

Good luck am tuning in tomorrow 2pm ? (hope BC8 gets a mention again lol)
 
I believe Gold may get smashed, if not tonight by London and New York, then soon.

As usual the price in $AUD changes little due to a falling AUD/USD.

The graph is in $USD.

The price is in $AUD.

Wallet open for a significant down move.



gg
 

Two year trend in AUD POG is still looking OK. Buy the dips at the moment I guess. Definitely thinking about a new Kangaroo or two in the next few weeks.


2 year trend in
 
Back on 29/1/23 I made the following post, where I called for the POG to hit 1910 by 3/2/23 and then to hit 1877 by 10/2/23 – a copy of that post is below…..


Today's chart shows that the POG (almost) hit those 2 points……

From a ST TA Perspective, now, as at 3.30pm 23/2/23 the TA for POG is at a crucial turning point, could turn up, could turn down ……

The current SP is at that Benchmark Candle Formation turning point…. See the chart below and the notes on that chart for my ST Call on the POG ..…..

Remember to DYOR……


Cheers’’’’
DrB.
 

@DrBourse as an addition to your post I offer my chart of GLD;
 
On the balance of TA probabilities, you'd have to think $1800 ish ($170 ish GLD) is a spot for a bounce @DrBourse and @DaveTrade ? The only problem with that is that it has some serious momentum south so, yes, could go anywhere...
 
Sean K said:
On the balance of TA probabilities, you'd have to think $1800 ish ($170 ish GLD) is a spot for a bounce @DrBourse and @DaveTrade ? The only problem with that is that it has some serious momentum south so, yes, could go anywhere...
Click to expand...
Well Putin might have a say/impact as 24th Feb 1 yr anniversary of Ukraine special operations having commenced (Russia still don't call it a war as such)... let's see if any fireworks happen tonight
 
Telamelo said:
Well Putin might have a say/impact as 24th Feb 1 yr anniversary of Ukraine special operations having commenced (Russia still don't call it a war as such)... let's see if any fireworks happen tonight
Click to expand...

These points in time might coalesce, but I think Vlad is going to have to wait till he has his forces aligned and trained for their next major push. I think his released convicts and conscripts need another few months of training before they can put anything decent together. Or, they're just going to be more cannon fodder. That scenario is not out of the question. Russia could lose millions if they keep doing this piecemeal.

Not sure if this war can do anything more to POG unless a nuke is launched.
 
Sean K said:
The only problem with that is that it has some serious momentum south so, yes, could go anywhere...
Click to expand...
@Sean K fully agree with that, I'm still showing negative momentum but the negative momentum is weakening. I think that we are all thinking the same thing here, hoping that by the weekend, the market tells us what it want's to do.
 
Sean K said:
Vlad is going to have to wait till he has his forces aligned and trained for their next major push.
Click to expand...
But 24 Feb is tomorrow.

Sean K said:
I think his released convicts and conscripts need another few months of training before they can put anything decent together. Or, they're just going to be more cannon fodder.
Click to expand...
I think you'll find most if them (convicts) are dead already.
Sean K said:
That scenario is not out of the question. Russia could lose millions if they keep doing this piecemeal.
Click to expand...
Now there's a good idea.
 
Last edited:

Dona Ferentes said:
But 24 Feb is tomorrow.


I think you'll find most if them are dead already.

Now there's a good idea.
Click to expand...
Having never been further East than the Munich Beer Festival and that was in October I am no expert on matters "ground" in Ukraine but I would imagine the movement of tanks and BTR's and BMP's difficult with the Spring thaw.

More likely are more civilian targetted missiles to deplete the Russian stockpiles.

Russia is desperate atm. and talk of a 3-4 year war is ridiculous propaganda from Putin's pet dogs such as Simonyan and Solovyov.

POG will follow bets from London and New York, although the results of the war will be in the back of their minds. My guess is a drift lower, then I'm a cash buyer of Gold and Gold stocks atm.

JOHN DORY as they say.

gg
 
The end game is fast approaching:



Gold will again become the reserve asset globally, replacing the UST.

The 'greenies' are either (a) disingenuous or (b) cretins, if they think that energy is not the central issue for all. Energy pricing will increasingly move at the margin to gold (settlement after trade balances are tallied) and the UST is toast.

The POG will be (massively) suppressed as the West grapples with sovereign default, until it isn't. It will likely (as it did in 1933 and 1971) revalue during a weekend, exploding higher killing the shorts who don't receive the email.

If you think Mr Putin is losing this war, think again. The West is getting their arse handed to them, which is why we see this constant escalation, increased rhetoric and propaganda in our media.

jog on
duc
 
But will citizens be able to even play that hand and keep their gold?

Queensland Police Target Divergent Thought Considered as Dangerous

Queensland’s police officers have been directed to report all matters involving sovereign citizens, religious extremists and conspiracy theorists.
www.sydneycriminallawyers.com.au
Capitalist thoughts are enough to make you arrested if the power in charge wants to..yeap
So should gold really go up the sky at one stage, I am afraid it will be seized
 
Depends.

gg
 
no answer required as these are pushed into the ukrainian war thread.
So gold price, USD destruction has nothing to do with the mess there, nor inflation..
 
From that free 'Gold summit presentation' yesterday picked up on following stated below (that apparently impacts Gold price since has a direct correlation)

"To calculate the REAL interest rate, you take the US Federal Reserve rate...and SUBTRACT inflation from it.

But NOT current inflation, which is obviously really high around the world right now.

You use inflation EXPECTATIONS — which is where the market says inflation is headed.

Basically, subtract inflation expectations from the Federal Reserve interest rate...and you get ‘real’ interest rates.

When real rates fall…Gold often soars (and real rates have begun to fall)".

The other important thing mentioned was that the US economy can't withstand/survive prolonged elevated/high interest rates due to the US drowning in debt - so watch for real rates to ease/fall in the short to medium term imo which is bullish for Gold.
 
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