Gold charts

[farming101]

For any who follow gold, today's move higher was significant. Chances are good for stability with some probes higher for the next while

[biglentil]

For any who follow gold, today's move higher was significant. Chances are good for stability with some probes higher for the next while

Fed meeting tomorrow so who knows what tune they will play? But so long as currency is printed out of thin air I will stay short.

[phoenix64]

Thinking short term blip higher, but long term interest rates will trend higher going forward and put pressure on gold prices and other asset classes. Predictions anyone?

[biglentil]

Thinking short term blip higher, but long term interest rates will trend higher going forward and put pressure on gold prices and other asset classes. Predictions anyone?

Well the Dow has had a nice January bounce so it is unlikely that the fed will back off on QT. They need to leave themselves room to ease when the next liquidity crisis arises. So yes we could see a slight pull back, however gold has been holding it's own very well in the face of previous rate hikes. Maybe the market is aware that everything but gold and commodities are in a bubble.

[furrowtickler]

Well the Dow has had a nice January bounce so it is unlikely that the fed will back off on QT. They need to leave themselves room to ease when another liquidity crisis arises. So yes we could see a slight pull back, however gold has been holding it's own very well in the face of previous rate hikes. Maybe the market is aware that everything but gold and commodities are in a bubble.

You could be bang on with your last statement.

[WiltonRanch]

Ah nice. The tangibles actually being valued over bs 1’s and 0’s.

[macdon02]

I have zero faith in govt and that's why id buy gold. But this isnt 2008 and so im guessing first we plunge under 1000 after bouncing off 1322 or 1362 short term. A bull market never lets you in gracefully, you have to hold your nose and just buy it. That's not the case today. It's too easy to buy now. The timing is within a year to buy. We need an "event" like half the population finding out their pension is bankrupt for it to be game on. Gold is aligning with equities as well as grains and meats. Do you know what isn't aligned? Bonds, govt debt. Toilet paper is gonna be worth more then a govt bond. They were the pigs the last 9 years on cheap interest rates. They are gonna burn. Buy commodities when they dip and equities anytime, sell everything else. Looking for $28 oil and $3 corn

[errolanderson]

China an active buyer of gold right now replacing their dumped U.S. treasuries. But gold faces huge deflationary headwinds in the commodity world. There are no daily price limits on gold which could trigger massive volatility soon.

Interest rates may come under further pressure as the fallout in markets intensifies. QE asset bubbles beginning to pop . . . one by one.

[Rareearth]

And the spreads in the bond market short term vs long term are very narrow. Every time this happens recession.

[macdon02]

Looking like it'll crack 1362 but only to suck the last possible long in. Brexit, week of the 11th