Gold Price - Where is it heading?

[divs4ever]

Yes, very.

Something out of the blue today was Macron saying they were going to back Israel to defeat Hamas and wanted the coalition fighting against Islamic State to extend that to Hamas.

"France is ready for the international coalition against Daesh in which we are taking part for operations in Iraq and Syria to also fight against Hamas," he told reporters, referring to Islamic State.

France has it's own Muslim problem , a legacy of their colonial past , Macron would be better off watching his own back , because he hasn't many friends left inside France

 

[Sean K]

France has it's own Muslim problem , a legacy of their colonial past , Macron would be better off watching his own back , because he hasn't many friends left inside France

Yes, have spent some time in France. Beautiful country.

Macron might be jumping in here to divert attention. The French didn't really play a big part in stopping ISIS in Syria/Iraq but have had a massive part to play in Africa. Huge.

The French have a poor history of colonisation and perhaps immigration. All yet to be played out.

Any clues to how Notre-Dame was destroyed?

What's this thread? Gold.

All good for the short term sugar hit but I'm unconvinced this is a longer term change of trajectory until 2100 is taken out.

 

[Dona Ferentes]

Yes, have spent some time in France. Beautiful country.

Macron might be jumping in here to divert attention. The French didn't really play a big part in stopping ISIS in Syria/Iraq but have had a massive part to play in Africa. Huge.

The French have a poor history of colonisation and perhaps immigration. All yet to be played out.

Any clues to how Notre-Dame was destroyed?

What's this thread? Gold.

All good for the short term sugar hit but I'm unconvinced this is a longer term change of trajectory until 2100 is taken out.

and you're a moderator !! Must try harder

 

[Sean K]

and you're a moderator !! Must try harder

Sorry I said France was a beautiful country. I withdraw.

 

[eskys]

Our dollar has broken below 63 cents since Bullock's speech this morning

 

[Sean K]

Our dollar has broken below 63 cents since Bullock's speech this morning

Glad I'm not backpacking around the US at the moment.

AUD Gold heading back to ATHs though.

 

[Sean K]

View attachment 164679

Your wit is way too slick,
for my puny pea brain.

 

[Sean K]

Everyone seems to be encouraging Israel to not mount a ground incursion, but there's still about 150-200 hostages in tunnels beneath Gaza, about 20 Americans.

Not sure how much longer they need to prepare to invade, but if they do, it's going to be door to door stuff. What doors are left I suppose.

Not sure when the war premium gets taken off the gold move. Maybe when they do actually invade en masse? Too many unknown unknowns right now I guess.

Will be interesting to see what GG's London cousins do at their open in a few minutes.

 

[Garpal Gumnut]

Everyone seems to be encouraging Israel to not mount a ground incursion, but there's still about 150-200 hostages in tunnels beneath Gaza, about 20 Americans.

Not sure how much longer they need to prepare to invade, but if they do, it's going to be door to door stuff. What doors are left I suppose.

Not sure when the war premium gets taken off the gold move. Maybe when they do actually invade en masse? Too many unknown unknowns right now I guess.

Will be interesting to see what GG's London cousins do at their open in a few minutes.

View attachment 164681

Thank you @Sean K and other Goldenboys and Goldengirls for keeping this thread such a wünder sausage place for those of us who worship the good month Oktober.

It is purely a hunch, but a brisk runup to $USD3000 would not be out of the question. I have over the last 3 months departed US Tech and Oilers and feel the pull of the yellow metal, it has only been traded for 5000 - 6000 years, just a little more than bitcoin in the larger scheme of things, but nevertheless a 50% gain cannot be beyond it's reach. Having been through the AI boom since late last year 505 is not an impossible reach fro any market.

May I pick your brains, metal or mines, and if mines, small or large, and where?

On with the dance.

@eskys @Dona Ferentes @DaveTrade @mullokintyre @divs4ever @Telamelo @ducati916 and all other worthy posters in this particular tasty corner of the den of iniquity.

gg

 

[divs4ever]

Sorry I said France was a beautiful country. I withdraw.

well apart from the two 'mostly peaceful , but fiery protests ' i navigated around in Paris , the mugging situation i side-stepped ' in Nice , France was rather interesting despite my visit was in mid-winter i got to see a mother duck and ducklings skate around on a fountain near the Eiffel Tower , and the food was nice after you avoided their sauces and gravies

not too bad for a country ravaged by war 45 years earlier ( when i visited )

am not so sure Macron's rule has improved it all

( hope Macron didn't spend all that gold liberated from the US in the early '70's , it might still come in handy )

 

[Dona Ferentes]

It is purely a hunch, but a brisk runup to $USD3000 would not be out of the question. I have over the last 3 months departed US Tech and Oilers and feel the pull of the yellow metal, it has only been traded for 5000 - 6000 years, just a little more than bitcoin in the larger scheme of things, but nevertheless a 50% gain cannot be beyond it's reach. Having been through the AI boom since late last year 505 is not an impossible reach fro any market.

May I pick your brains, metal or mines, and if mines, small or large, and where?

On with the dance.

a not implausible notion, Señor Nut. I gunno, but why is bitcoin surging?

physical for security, ETF for speed of trade, miner for leverage.

 

[eskys]

Thank you @Sean K and other Goldenboys and Goldengirls for keeping this thread such a wünder sausage place for those of us who worship the good month Oktober.

It is purely a hunch, but a brisk runup to $USD3000 would not be out of the question. I have over the last 3 months departed US Tech and Oilers and feel the pull of the yellow metal, it has only been traded for 5000 - 6000 years, just a little more than bitcoin in the larger scheme of things, but nevertheless a 50% gain cannot be beyond it's reach. Having been through the AI boom since late last year 505 is not an impossible reach fro any market.

May I pick your brains, metal or mines, and if mines, small or large, and where?

On with the dance.

@eskys @Dona Ferentes @DaveTrade @mullokintyre @divs4ever @Telamelo @ducati916 and all other worthy posters in this particular tasty corner of the den of iniquity.

gg

Read somewhere this morning that US and China are working towards a warmer relationship. I've always liked the three Fe miners regardless of news, but don't hold at the moment. Important to get in at the right price in a down trending market.

Lots of talk about EV being the future, so metals in this space is something to think about (not sure if I'm on the right track) gg. If I'm not mistaken, graphite makes the largest percentage in a EV battery....cobalt, nickel, manganese, lithium, copper, even iron to a some degree. You need to check this out for yourself, gg. There must be lots of other opportunities, hope to hear from other members........

 

[Dona Ferentes]

Read somewhere this morning that US and China are working towards a warmer relationship. ........

i don't know about warmer, but a closer relationships, yes

 

[Sean K]

i don't know about warmer, but a closer relationships, yes

Not sure how a Chinese fighter gets that close to a US bomber. I thought they were all escorted these days. Maybe there were a couple of F35s just keeping an eye on it. China is flying pretty close to the envelope these days. But, have to admit, the US, Canada and Australia are teasing them a bit.

 

[Sean K]

Thank you @Sean K and other Goldenboys and Goldengirls for keeping this thread such a wünder sausage place for those of us who worship the good month Oktober.

It is purely a hunch, but a brisk runup to $USD3000 would not be out of the question. I have over the last 3 months departed US Tech and Oilers and feel the pull of the yellow metal, it has only been traded for 5000 - 6000 years, just a little more than bitcoin in the larger scheme of things, but nevertheless a 50% gain cannot be beyond it's reach. Having been through the AI boom since late last year 505 is not an impossible reach fro any market.

May I pick your brains, metal or mines, and if mines, small or large, and where?

On with the dance.

@eskys @Dona Ferentes @DaveTrade @mullokintyre @divs4ever @Telamelo @ducati916 and all other worthy posters in this particular tasty corner of the den of iniquity.

gg

I couldn't recommend anything, my darts are flying off in all directions, not even sticking into the bar wall.

The contrarian investor would be looking at base metals where their price has been crushed due to the Covid China slow down. Might have some time to play out though... Plus all the other crap going on. Defence and water might be good commodities in the short term.

 

[eskys]

i don't know about warmer, but a closer relationships, yes

I'm obviously an emotional and sentimental person, Dona,

 

[ducati916]

Thank you @Sean K and other Goldenboys and Goldengirls for keeping this thread such a wünder sausage place for those of us who worship the good month Oktober.

It is purely a hunch, but a brisk runup to $USD3000 would not be out of the question. I have over the last 3 months departed US Tech and Oilers and feel the pull of the yellow metal, it has only been traded for 5000 - 6000 years, just a little more than bitcoin in the larger scheme of things, but nevertheless a 50% gain cannot be beyond it's reach. Having been through the AI boom since late last year 505 is not an impossible reach fro any market.

May I pick your brains, metal or mines, and if mines, small or large, and where?

On with the dance.

@eskys @Dona Ferentes @DaveTrade @mullokintyre @divs4ever @Telamelo @ducati916 and all other worthy posters in this particular tasty corner of the den of iniquity.

gg

Mr GG,

I would hold primarily physical for the following reasons: if the next crisis is a currency crisis (which it will be) holding stocks denominated in a defunct currency could be a stressful period and conjointly just when you would need access to 'money'.

Second holding as an EFF I would only hold the Sprott ETF PHYS or PSLV as they can be redeemed for metal.

Some long term charts for you:



jog on
duc

 

[Sean K]

Thank you @Sean K and other Goldenboys and Goldengirls for keeping this thread such a wünder sausage place for those of us who worship the good month Oktober.

It is purely a hunch, but a brisk runup to $USD3000 would not be out of the question. I have over the last 3 months departed US Tech and Oilers and feel the pull of the yellow metal, it has only been traded for 5000 - 6000 years, just a little more than bitcoin in the larger scheme of things, but nevertheless a 50% gain cannot be beyond it's reach. Having been through the AI boom since late last year 505 is not an impossible reach fro any market.

May I pick your brains, metal or mines, and if mines, small or large, and where?

On with the dance.

@eskys @Dona Ferentes @DaveTrade @mullokintyre @divs4ever @Telamelo @ducati916 and all other worthy posters in this particular tasty corner of the den of iniquity.

gg

Why is the UK selling gold on their open so consistently? Can we make a general play out of this phenomenon?

 

[noirua]

Gold finishes over US$2,005

https://www.kitco.com/images/live/goldw.gif

 

[Telamelo]