Gold is good...All time highs and breaching of significant numbers such as $USD 3000 come when you least expect them. It is morning in America and Trump is awake. Who knows what the day will bring. I believe the last all time high was $2955 or thereabouts last month.
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gg
Excellent summary @rederob There are many balls in the air.Gold in Australian dollar terms looks a good chance to hit $5000 this year, after breaching US$3k on Friday. If it fails this it will likely be due to the AUD increasing in value against the USD.
Trump has done, and will continue to do, wonders for POG as he adds more uncertainty over the global economy than any human in my lifetime (a short 70 years).
So the principal thought from this unhinged mayhem Trump has released now relates to the reliability of the US dollar. BRICS nations have been moving to international payment arrangements that bypass SWIFT (read USA) and theis trend is set to accelerate. And interestingly we see gold as an apparent underpinning of real value for these payment arrangements.
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Some great content from a lot of people, thanks to everyone contributing.
Gold took a bit of a slip after first breaking $3k, but it looks like now it's doing what we expected would happen when it beat that level. Exciting times.
Silver is also looking promising.
Meanwhile, while gold soars to fresh ATH after ATH after ATH, platinum which once outshone gold, is sitting around doing nothing, well under half its all time high. Interesting. Any thoughts about why and what it might do from here? The platinum chart is also at the compression point of a five year long symmetrical triangle, which has a technical target of around $1700 which is still a long way below its all time high but is 70% higher than the current price!
Maybe this is a stupid question and lazy of me to ask, but is there a platinum ETF on the ASX?
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*sorry for the double picture. The site won't let me upload one picture, if I try uploading it again it shows it twice, and if I try to delete one they both get deleted.
Went for a tidy bit of etpmpt recently, added tight sl.not sure i still get some?ETPMPT on the ASX
Volume building
Been toying with the intention of buying unallocated physical Pt or Pd with my dealer (Goldstackers). Probably won't though. Clinging to cash.
Platinum etf All Data Monthly
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