Gold Price - Where is it heading?

[farmerge]

Missing floors in buildings too and room numbers

@qldfrog I did know about the Chinese and their numbers but not to the extent that has been forthcoming

 

[Sdajii]

Everyone is focussing on China, but it's not just China's >1 billion population. Most of Asia is still not Chinese, and whether it's Vietnam, Thailand. South Korea, Taiwan etc, they're also right into numerology, and while China is the largest economy in Asia, together the rest of Asia is larger.

Countries like Vietnam may be more similar to China in terms of numerology, but even in countries like Thailand with a completely unrelated culture and language, the same numerology patterns exist - 4 is still generally not listed as a building floor in Thailand, etc.

Plus, Western people, being aware of the Asian numerology, will expect buying enthusiasm when $3,000 is reached, so will themselves buy, making them act in the exact same way. The impact on the market is almost the same as if those Western people believed in the superstitions as wholeheartedly as the Chinese who actually believe in it, even though they are being strategic rather than superstitious (although being strategic rather than superstitious they will sell slightly below the superstitious targets, etc, giving them a slight advantage).

 

[Sean K]

There's only been about four days of two down days in a row the past couple of months. Been an incredible run. Must be outside the upper limits of the Bollinger.

I've called for some profit taking an imminent pause, but every time it's dipped, it's been bought up.

Uber drivers must be on to it now.

 

[Garpal Gumnut]

Good news from the USA. Inflation up. Bonds fall. Interest rate cuts looking less likely this year. Gold in a range. $USD up.

All good for members who buy Gold in $AUD.

On with the dance, ladies and gentlemen.

gg

 

[TimeISmoney]

South Korea’s Mint Halts Gold Bar Sales as Supply Tightens​

South Korea’s Mint has temporarily suspended sales of gold bars, adding to signs of widespread tightness across markets for physical precious metals.
The Korea Minting and Security Printing Corp. said it’s facing problems with sourcing supply and managing demand, and that it will try and resume sales as soon as possible, according to a notice on its website.
Read More: Investors Are Buying Gold From Vending Machines in South Korea
The move comes as traders worldwide rush to deliver bullion to the US ahead of potential tariffs on the metal. Prices for gold on New York’s Comex have surged above international benchmarks, resulting in unprecedented tightness and record outflows from London vaults.
The precious metal has made fresh highs in 2025, as growing trepidation surrounding US President Donald Trump’s disruptive tariff announcements drives demand for haven assets. Investors are trying to get a read on the potential implications for the global economy, reinforcing bullion’s role as a store of value in uncertain times.

https://www.bloomberg.com/news/articles/2025-02-12/south-korea-s-mint-halts-gold-bar-sales-as-supply-tightens?srnd=homepage-americas

 

[Sean K]

South Korea’s Mint Halts Gold Bar Sales as Supply Tightens​

South Korea’s Mint has temporarily suspended sales of gold bars, adding to signs of widespread tightness across markets for physical precious metals.
The Korea Minting and Security Printing Corp. said it’s facing problems with sourcing supply and managing demand, and that it will try and resume sales as soon as possible, according to a notice on its website.
Read More: Investors Are Buying Gold From Vending Machines in South Korea
The move comes as traders worldwide rush to deliver bullion to the US ahead of potential tariffs on the metal. Prices for gold on New York’s Comex have surged above international benchmarks, resulting in unprecedented tightness and record outflows from London vaults.
The precious metal has made fresh highs in 2025, as growing trepidation surrounding US President Donald Trump’s disruptive tariff announcements drives demand for haven assets. Investors are trying to get a read on the potential implications for the global economy, reinforcing bullion’s role as a store of value in uncertain times.

https://www.bloomberg.com/news/articles/2025-02-12/south-korea-s-mint-halts-gold-bar-sales-as-supply-tightens?srnd=homepage-americas

Seems to be happening everywhere.