Gold Price - Where is it heading?

[greggles]

The trigger for the GFC was the sub-prime mortgage meltdown, could the trigger for GFC 2 be a currency crisis? Gold and silver are telling us something. Economic crisis is coming...

 

[moXJO]

I'd still watch the charts @moXJO even though we are as the saying goes in "uncharted territory " with Gold .

I've tipped previously this run to continue to $4400 not on any Fibonacci nor other extension but in my gut I feel it has the legs to continue with FOMO before newcomers get exhausted. This could be at a nice round number like $4400 and then hopefully a range sideways begins at that price or a correction down to $4000, and again a trading range there begins.

My thoughts for success are with new investors in gold, worrying about a top. i don't believe this is a top, not even close to it.

Gold is good.

gg

One word from the fed and all the charting in the world won't save you.
I'd be watching long yields and inflation. Not just US.
Also China, Turkey, brics reporting lower deliveries of gold.

I still think this has some legs. But fed often puts a pin in it.

 

[moXJO]

The trigger for the GFC was the sub-prime mortgage meltdown, could the trigger for GFC 2 be a currency crisis? Gold and silver are telling us something. Economic crisis is coming...

De-dollarization probably due to US debt and sanctions.

China grabbing a lot to hedge against future sanctions which makes you wonder if Taiwan will be a not so distant play.

 

[ducati916]

I'd be watching the fed not the charts

The Fed. is irrelevant.

They put rates higher at the fastest pace and gold went higher. They cut rates, gold went higher.

China and BRICS are driving this train.

jog on
duc

 

[ducati916]

De-dollarization probably due to US debt and sanctions.

China grabbing a lot to hedge against future sanctions which makes you wonder if Taiwan will be a not so distant play.

Sanctions against China are irrelevant.

China's exports to the rest of the world make exports to the US, even if they dropped to zero, manageable.

jog on
duc

 

[Garpal Gumnut]

I'd still watch the charts @moXJO even though we are as the saying goes in "uncharted territory " with Gold .

I've tipped previously this run to continue to $4400 not on any Fibonacci nor other extension but in my gut I feel it has the legs to continue with FOMO before newcomers get exhausted. This could be at a nice round number like $4400 and then hopefully a range sideways begins at that price or a correction down to $4000, and again a trading range there begins.

My thoughts for success are with new investors in gold, worrying about a top. i don't believe this is a top, not even close to it.

Gold is good.

gg

Kitco.com did not ask me whether they could quote ASF. They have been good to me so I will let it pass today.

Gold will hit $4,400 by Q2 2026, so any correction is a buying opportunity - TDS’ Bart Melek

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gg

 

[Smurf1976]

I’ve now seen several mainstream media articles about the gold boom and the public buying in two days in a row from different media organisations.

Long term I expect it’s going very much higher but short term from a contrarian perspective that level of media and public attention is a red flag to me.

 

[greggles]

The problem is supply is limited and the mainstream media articles are only increasing demand. If Central Bank buying continues it may be a while before we see a substantial pullback.

Any sign of further deteriorating economic conditions will also lead to further demand, as will an increase in geopolitical tensions.

I'm having trouble identifying a bear case for gold right now and think that only a pause in Central Bank buying will lead to a pullback.