Gold Price - Where is it heading?

[ducati916]

The physical supply issues remain:



The leverage within the system is such that (if, when) physical inventory declines to a critical point, the paper positions will accelerate to the upside potentially causing a concomitant run on the physical. Same as a bank run on the fractional reserve system

The breakdown of the USD within the oil market is draining physical in any case. The game is over. This variable still has a year or two to play out as China is in no rush to collapse the USD yet.

Add the current treasury market (it's not actually a bank issue) crisis to the mix and this variable could speed up events significantly.

jog on
duc

 

[eskys]

I don't have a mind of my own anymore....agreed with everyone. Did a quick grab at open and sold (not the best price) consoled myself that given I've lost my sense of direction, any win is good............will start again tomorrow

 

[qldfrog]

Sold a little bit hoping to buy lower in next 2days..i am ususlly wrong

 

[Sean K]

Sold a little bit hoping to buy lower in next 2days..i am ususlly wrong

I better buy some then....

 

[qldfrog]

I better buy some then....

you should:
sold GOLD @$27.23 and $27.3
ended at $27.38 tonight....I also moved into Bull for the ASX index :-( ..let's see

 

[Sean K]

Up $350 in a month. It's not FOMO because of the exchange rate but wow wee!

 

[rederob]

For the record -

A new record at over AU$3000.

 

[rcw1]

Hmmmmmmmmmmmmmmm
Nice might be going for another lap ....

Have a very good evening

Kind regards
rcw1

 

[rcw1]

I don't have a mind of my own anymore....agreed with everyone. Did a quick grab at open and sold (not the best price) consoled myself that given I've lost my sense of direction, any win is good............will start again tomorrow

Hello eskys @ Keyes
Nice one. Haven't spoken with you for long time. Hope all is well. You mustn't have wondered too far away from the track, yes, any win is a good thing m8 more coin in da money box....

See what gold does then.

Kind regards
rcw1

 

[eskys]

Hello eskys @ Keyes
Nice one. Haven't spoken with you for long time. Hope all is well. You mustn't have wondered too far away from the track, yes, any win is a good thing m8 more coin in da money box....

See what gold does then.

Kind regards
rcw1

Good morning, rcw1. I'm well, thank you. Hope you're likewise, and your shoulder is healing well (just seen your post on that this morning)

You're intuitive; I have been busy working on a property and took a week off over the long weekend into Howqua Valley and the Alpines. So, yes, I wandered too far off track stock wise.

Gold:

The gold futures price lifted by US$9.30 or 0.5% to US$1,982.80 an ounce on Monday. Prices fell over 1% before climbing by the same amount to the metal's highest level since March 2022 at $2,009.59 an ounce earlier in the trading session. #australiabusiness #business #ausecon


5:33 AM · Mar 21, 2023
·
1,201
Views

 

[Sean K]

Good morning, rcw1. I'm well, thank you. Hope you're likewise, and your shoulder is healing well (just seen your post on that this morning)

You're intuitive; I have been busy working on a property and took a week off over the long weekend into Howqua Valley and the Alpines. So, yes, I wandered too far off track stock wise.

Gold:

The gold futures price lifted by US$9.30 or 0.5% to US$1,982.80 an ounce on Monday. Prices fell over 1% before climbing by the same amount to the metal's highest level since March 2022 at $2,009.59 an ounce earlier in the trading session. #australiabusiness #business #ausecon


5:33 AM · Mar 21, 2023
·
1,201
Views

Enjoy Howqua. Used to go horse riding around Sheepyard Flat out from Merrijig. Spectacular area.

 

[Garpal Gumnut]

FMG Thread = recent posts.

Where to Gold ???

I have had a very crook back which at last is getting better.

I had Weetbix, milk, yoghurt and banana for breakfast.

I am looking at next entry Gold below $USD1820.

gg

 

[eskys]

FMG Thread = recent posts.

Where to Gold ???

I have had a very crook back which at last is getting better.

I had Weetbix, milk, yoghurt and banana for breakfast.

I am looking at next entry Gold below $USD1820.

gg

I was wondering where you were last couple of days, gg.

Some wanderings and diversions are good for the soul as well as a sore back, so long as we don't get carried away By the way, sorry to hear about your back. Wishing you a quick recovery.

Sean, Howqua is nice but remote. Only Telstra has coverage in the area we were in (I did, but too busy exploring to be online) Forgot to take Moccona, so the boys went into Jamieson for coffee the first day. The old geezer came back with 50g of Moccona for $10.50! Glamping in cabins isn't what some family members consider as fun....At least no one got lost in the bush this time.......last year 4 cars lost their way in the bush...........I was one of them (Gippsland)

The marriage between UBS and Credit Suisse....hopefully will settle nerves, gg. We can only watch for the direction of gold and take it from there. All the very best.

 

[Garpal Gumnut]

FMG Thread = recent posts.

Where to Gold ???

I have had a very crook back which at last is getting better.

I had Weetbix, milk, yoghurt and banana for breakfast.

I am looking at next entry Gold below $USD1820.

gg

I have not had breakfast yet.

Just waiting.

I am looking at next entry Gold below $USD1820.

A very cool overnight in the Ville.

FMG

gg

 

[eskys]

Have something healthy like yesterday, gg.Hope your back is on the mend.

Gold appears to be holding ( I did a quick one) Technicals: buy except for hourly.....good luck

 

[Garpal Gumnut]

Have something healthy like yesterday, gg.Hope your back is on the mend.

Gold appears to be holding ( I did a quick one) Technicals: buy except for hourly.....good luck

All good @eskys

First day off painkillers and raring to go.

It seems I missed a lot of kerfuffle about Gold going to $USD2500

I'm about to have a four egg breakfast.

gg

 

[mullokintyre]

I'm about to have a four egg breakfast.

gg

Take it to the breakfast thread.
Mick

 

[eskys]

Four eggs? You've just about exhausted a whole week's quota.

Mick, this is the FMG thread.

 

[mullokintyre]

Four eggs? You've just about exhausted a whole week's quota.

Mick, this is the FMG thread.

So what does FMG stand for, F$#@ Me Garpal??
Mick

 

[eskys]

So what does FMG stand for, F$#@ Me Garpal??
Mick

You're showing your intelligence..........I like the way you think