Gold Price - Where is it heading?

Garpal Gumnut said:

Finally the reality of Trump tariffs are with us and it is causing chaos spreading from the macro at government level to the mid, the large auto, food and construction companies. It should hit retail by the time US markets start trading at 12.30 am tomorrow morning AEST.

Already gold is moving. Chaos always benefits gold. The chaos in cpital and commodity markets is being exacerbated by DOGE. Musk's meddling with Treasury over the weekend is causing resignations and will shortly affect the Not For Profit sector who exist on breadcrumb funds from Treasury.

This morning gold is hovering just above and below $2800 and in all likelihood will resume its move towards $3000. Most commentators see this being achieved by the end of this quarter in 8 weeks time. I see it happening much earlier.

gg

Click to expand...

farmerge said:

@Garpal Gumnut Starting to look seriously at gold stocks as POTUS will no doubt stuff up many things except of course his $Trump.

Click to expand...

Garpal Gumnut said:

I've never been able to time my entry in to the larger gold mining stocks. There are a few very good threads on ASF on these. I stick to PMGOLD for big buys in gold for my SMSF and to penny gold stocks for medium term smaller punts.

One alwys assumes gold stocks will rise with an increase in POG, but ...

gg

Click to expand...

ducati916 said:

Mr GG,

The gold/gold stock nexus is broken.

You want physical gold (pretty much only).

jog on
duc

Click to expand...

Garpal Gumnut said:

I've never been able to time my entry in to the larger gold mining stocks. There are a few very good threads on ASF on these. I stick to PMGOLD for big buys in gold for my SMSF and to penny gold stocks for medium term smaller punts.

One alwys assumes gold stocks will rise with an increase in POG, but ...

gg

Click to expand...