Gold Price - Where is it heading?

[finicky]

The expectation from the Gumnut Gold Gondola is $5000

You present as incurable Garpal but nonetheless - advise do not let the girl into your gondola wid de gold mon.

 

[ducati916]

So in the DDD thread, discussed is the 'loan-to-own' policy originated by China and now being copied by Trump and the US (this is the Argentina bailout via extending USD swap lines to Argentina).

China is the arch proponent of this strategy.

What has happened to the Gold/Yuan exchange ratio?




So if the US is now HAVING to play this game (they do and they are) then the Gold/USD exchange ratio will do exactly the same thing.

So x4 Gold in USD = $12,000oz. It will take some time obviously, but this is a non-negotiable fundamental driver (one of a few) that will continue driving the POG in USD terms.


jog on
duc

 

[mullokintyre]

Back inSeptember 2022, the WSJ was somewhat bearish on gold, which at the time was around 1640.
Like many predictions, it did not age well.
Mick

 

[ducati916]

jog on
duc

 

[TimeISmoney]

The bulls run.

The next target is NOT $4000.

The expectation from the Gumnut Gold Gondola is $5000. The higher it goes the larger the leaps in $ dollars from each percentage gain.

View attachment 209809

gg

 

[Garpal Gumnut]

The Hong Kong cousins invented FOMO. Look at them go at Gold.



gg