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Gold Price - Where is it heading?

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I went to bed thinking $1950 ish had been shored up as a base....

Maybe there's something wrong with Trading Economics charting software.

Kitko might be a slightly better look...



 
Sean K said:
I went to bed thinking $1950 ish had been shored up as a base....

Maybe there's something wrong with Trading Economics charting software.

Kitko might be a slightly better look...

View attachment 157688

View attachment 157689
Click to expand...

The TE chart is wrong, closed at $1947, still a $30 drop, but still around that $1950 support level which is OK.
 
Telamelo said:
Excellent article below well worth a read

Click to expand...
rcw1 enjoyed that read bloke. Nice one.

... Long story short, it can’t just be a coincidence that global central banks are buying this much gold, at the current pace, at a time when they’re making significant losses. Putting 2 and 2 together, we can conclude that a gold revaluation must be at least in the minds of central bankers, even if they don’t/can’t say it publicly ...

Gold is good.

Kind regards
rcw1
 

down nearly 8% off the high, the post that got me blocked by the Gumnut for daring to say people were drooling over the price in early May.

Glad I rebalanced at the time.
 
InsvestoBoy said:
down nearly 8% off the high, the post that got me blocked by the Gumnut for daring to say people were drooling over the price in early May.

Glad I rebalanced at the time.
Click to expand...
Welcome to the club
I was also blocked by the Gummut for similar thoughts at the end of the Cinderella year a few years back for GOLD
I just thought he had either did an Elvis and Left the building and then after a while I concluded he must have gone to heaven and done a James Dean
It was months and months later that I deducted that he had me Blocked!
Naturally
I Blocked him Back and his Supporting crew as well and it's the best thing I ever Did on any forum
It makes me feel really Good!

Salute and Gods' Speed
 
eskys said:
Gold down 1.09% but EVN only lost 2 cents, what's up?
Click to expand...
A big hello to @eskys (Keyes).

EVN recently reported mine life extensions for Ernest Henry and Mungari mines, also a debt restructure. Market, as it does, forgot about that and has lost that gain. But overall yes, doing good, a far cry from 2 bucks a share not so long ago.



Have a very nice day, today eskys.

Kind regards
rcw1
 
Thank you, rcw1. I haven't been following gold for a couple of months....will keep a watch now.

Hope you're well and that your shoulder is good.

You have a great day too, rcw, take care.
 
Sean K said:
I was worried that I'd missed the boat on buying more physical gold in AUD. Another chance.
Click to expand...
Any idea if gold close to bottoming yet ? Could it drop below AUD$2,800 ? as I'm bottom fishing around here? lol
 
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