@Garpal Gumnut you may be right in saying that it's going south, after all it is in a downtrend at the moment. I don't know because I rely on reading what the market is doing in real time for my final opinion. What I can see right now is strong short-term momentum to the upside and that makes me think that a trend change here is possible, which, by the way, would continue the longer time frame up trend.Yes, well, everyone has bought gold during mid last year to last month, The Russian cousins, The Chinese cousins, the Saudi cousins, The Indian cousins and me.
As far as I know I'm the only one to have sold mine.
I believe the buying is over and the price may drift south in $USD and the latter will strengthen.
That is not to say there will not be a quid made out of Gold in $AUD. But it won't be easy.
gg
I'd agree @DaveTrade@Garpal Gumnut you may be right in saying that it's going south, after all it is in a downtrend at the moment. I don't know because I rely on reading what the market is doing in real time for my final opinion. What I can see right now is strong short-term momentum to the upside and that makes me think that a trend change here is possible, which, by the way, would continue the longer time frame up trend.
Could be a supply shortage in Silver because Perth Mint is using all up in their Gold bars.That is if Perth Mint can resist putting too much Silver or Moon Water in to the bar.
Wonder where they bought it from, and how did they pay. In USD?Turkey, suffering hyper-inflation of the paper currency:
View attachment 154151View attachment 154150
jog on
duc
I think we could test the 2766 monthly closing swing high from Jul/Aug 2020 and it'll be interesting to see what happens when we get there.
I came to gloat after looking briefly at the chart this morning, but not yet.
Get those 1 min charts out
Initiate gloating process...
I have found that 2-3 year resistance tops are irrelevant
No one, as far as I know leaves their Sell orders on for 2-3 years and becomes a resistance
You think this line is irrelevant?
@InsvestoBoy that line is mostly irrelevant because Gold is priced in US Dollars, that's the international standard at the moment.Back above the irrelevant line.
@InsvestoBoy that line is mostly irrelevant because Gold is priced in US Dollars, that's the international standard at the moment.
I think you are patronising me not the other way around, I stand by my statement.When you are going to patronise someone it's important not to be ignorant. https://en.wikipedia.org/wiki/Triangular_arbitrage
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