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Based on this post, almost certainly more pain to come.
Gold Price - Where is it heading?
- Thread starter guycharles
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Based on this post, almost certainly more pain to come.
Sean K
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No idea of AUD POG. Depends on USD and it's influences which seem to be blowing in the wind. I'm playing the long game with physical. Still expect the geostrategic economic environment to be mid-long term supportive. Plus, that giant C&H is still in play. Once we break USD2070 ish, it's running hard, IMO.
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GLD is still holding in the support zone 181.73 - 179.29 and is getting close to the edge of the pitchfork channel, I think this sideways movement will break soon. The 100day SMA is still providing support but I wouldn't be surprised if it broke under this SMA to take out some shorts before moving higher.
Garpal Gumnut
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POG movements are dart picks atm.
If the Russians throwing knuckler about in to Belarus doesn't shift the price up, it is back to the Central Banks, Mafia and Instos to either buy or sell, to make a trend.
What a kerfuffle is POG. I've never seen the like in close to 50 years holding Gold.
gg
If the Russians throwing knuckler about in to Belarus doesn't shift the price up, it is back to the Central Banks, Mafia and Instos to either buy or sell, to make a trend.
What a kerfuffle is POG. I've never seen the like in close to 50 years holding Gold.
gg
Not sure where it's going, gg. Our dollar was close to 69 cents at one stage on Friday night but unable to hold, slid back to where it was.....static. Exchange was good this weekend....maybe Western Union was being generous today. If our dollar goes up, so should gold, so let's keep watch.
Fifty years holding gold, gg....I should be more respectful and call you Uncle?
Fifty years holding gold, gg....I should be more respectful and call you Uncle?
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Noticed a lot of chat on twitter about large numbers of military activity in the US.
Is something about to go down?
As the Beatles used to sing , In times of trouble, Mother Mary comes to me and the USD goes up against everything.
Mick
Is something about to go down?
As the Beatles used to sing , In times of trouble, Mother Mary comes to me and the USD goes up against everything.
Mick
Hey @eskys just checked in & read your post - thanks for the heads up about US market closed tonight (as didn't know).. as to gold price movement ? who knows - am guessing perhaps a bit of sideways consolidation for a while here imo though gold can be volatile on a whim as we all know .. Cheers tela
Thank you guys, for answering my call.
Mick, I heard about nuke in Belarus, not sure about the US...well, if a nuke goes off, we all go down, so no win win. Will gold go up? If the market goes down, I guess everything goes down with it, I'd think.
Tela, it's Juneteenth in US tonight. I kept looking at the gold miners and was unable to determine where they're heading, so decided to take the money and pay for tonight's dinner for 12....Thanks for your response.
Mick, I heard about nuke in Belarus, not sure about the US...well, if a nuke goes off, we all go down, so no win win. Will gold go up? If the market goes down, I guess everything goes down with it, I'd think.
Tela, it's Juneteenth in US tonight. I kept looking at the gold miners and was unable to determine where they're heading, so decided to take the money and pay for tonight's dinner for 12....Thanks for your response.
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Gold miners starting to look at bit bullish to me but with the holiday it'll be a couple of days before we know.
Garpal Gumnut
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Just came over the wire : Blinken conciliatory with ole Xi Ping so I guess POG may tank.
But one never knows.
gg
But one never knows.
gg
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People have been posting lots of videos and screen shots of the movement of troops and equipment by road rail and air.
One user posted a train full of fairly obvious models of Russian nuclear launchers.
But there has been no word at all from the Biden admin, the Defence department or any one else.
They say its been going on for week.
Very strange that no one in the MM has made comment.
Something is deffinitely up.
Mick
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It still may go lower before heading up but I took some new positions in the miners last night. I feel we are looking at bargain prices at the moment.
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