Gold price to reach new high?

Been watching momentum build for a while now

The stubborn $2850 resistance ceiling may finally break this week, next stop $3000?



To put it in context:

yes, been watching and thinking the same thing

In your last chart James there has been three tops at just over the $2800 mark one in 2020 and then in 2022 and again now  

Gold Chart in AUD

All good gold hitting $3000 an ounce but can people afford to buy it? If it does I’m still happy to get my $2600 per ounce, after all it didn’t cost me anything.

madtuna wrote:All good gold hitting $3000 an ounce but can people afford to buy it? If it does I’m still happy to get my $2600 per ounce, after all it didn’t cost me anything.

Yeah, it'll be a good while before gold buyers are paying current spot.

flying today with a new high of AU$2870

madtuna wrote:All good gold hitting $3000 an ounce but can people afford to buy it? If it does I’m still happy to get my $2600 per ounce, after all it didn’t cost me anything.

yes, but it is the refiners like PW Beck etc paying the spot prices for gold.

but on some of the FB pages there are people already paying over $100 a gram for tiny scrap gold so it sure won't worry some about the price of gold going up.

cheers dave

It's still cranking along, gold was over 2900 odd in AUD for awhile, and well into the 1900's in USD

and really moving higher now and holding the gains

Yeah. looking inevitable for $3g now.

Share market equally spectacular - in reverse of course.

well gold has passed the magic $3000 AUD and $2000 USD

seems it's a bit scary up at the top, or the manipulators are hard at work

davsgold wrote:seems it's a bit scary up at the top, or the manipulators are hard at work

Should of been this price two years back with the amount of money printed IMO.
Money is starting to be transferred over into gold at a steady pace now, it's only going to get worse as people learn how quickly it is just paper.
When they could buy it, they didn't want it.
When they want it, they can't buy it.

davsgold wrote:seems it's a bit scary up at the top, or the manipulators are hard at work

Shares are having a rare good day amidst the panic, therefore gold is steady.

Won't last long

Realistically Gold should continue to rise for genuine reasons, as there is now a 'System' wide Crisis being exposed/revealed in the Banking System...


Fact: Credit Suisse, being the Bank that LOST $7.8 Billion last Year, has just been ""rescued"" by Swiss National Bank that LOST

$143 Billion last Year.......Banks are rushing with indecent haste to 'bail' out ailing Banks large & small,with cheap money from inflating the Money Supply/Money Printing......this didn't happen in the 2008 Meltdown..

Inflating the Money Supply = Rise in Prices = Inflation......
Banks can't be the Safe Harbor any longer, so Investors will move to Gold...Institutional & Foreign....Hoo Roo
.

Larry Francis Hartigan wrote:Realistically Gold should continue to rise for genuine reasons, as there is now a 'System' wide Crisis being exposed/revealed in the Banking System...


Fact: Credit Suisse, being the Bank that LOST $7.8 Billion last Year, has just been ""rescued"" by Swiss National Bank that LOST

$143 Billion last Year.......Banks are rushing with indecent haste to 'bail' out ailing Banks large & small,with cheap money from inflating the Money Supply/Money Printing......this didn't happen in the 2008 Meltdown..

Inflating the Money Supply = Rise in Prices = Inflation......
Banks can't be the Safe Harbor any longer, so Investors will move to Gold...Institutional & Foreign....Hoo Roo
.

That's how I read it as well larry.
The entire financial system with its now entrenched cyber currency and faux "woke" investment liabilities is now approaching the precipice.

Go gold!

There is also the huge amount of paper fugazi gold that will stop gold realising its true value which should be somewhere around 30k per oz right now if only physical gold was allowed to be sold.
Like everything now though it’s all lies and deception and there is limitless amounts of paper gold able to be sold to suppress its value.

the gold price seems to be holding onto the new highs

What do you think, 3.5 thousand an ounce Australian, by the end of the year.

Holding around 3k would be good for now. Don't want to be greedy..lol

Still holding ....

Ten yr view provides some perspective on current breakthrough.

Inevitable and upside is currently unlimited given World tensions -

gold has stood the test of time as good value, it was valued thousands of years ago by the ancients, and still today, and more so now when things are looking a little rocky.

when we first started looking for gold with a detector in 2005 gold was around $900 per oz

Time to stop chasing those sheep around Burragate in your gumboots, James, and load up the love machine vehicle for your annual trip to Muckleford Walmer.

Reggie is waiting for you to hold his hand and take him prospecting again as only you can so that he can put the final entry into his gold album before fading off into oblivion.

Feel sorry for me everyone, I'm a sad man.
With no friends and only animals to give me attention, Trolling makes me feel manly and gives me some human attention.
I tried making real friends but nobody likes me, even my members have deserted....
If only I could make conversation without trying to abuse others to make myself feel superior.

I guess it's more sessions with my talking donkey advisor, though the blind leading the blind don't get far..
Maye I'll try more limp threats, they always make me feel superior and safe.... Hoo Roo

I feel for you Doug, being a despicable psychopath is your whole life, you deserve plaudits for all of the insults, threats and disgusting behaviour you have shown over the years.

Why thank you sir, you are a gentleman JRB as are all here who pay me attention here. I would be lost otherwise so I'll take what I can get these days.
Most people don't appreciate the effort and hours I put in to be such an "A Grade" C#nt.
It's nice to have someone appreciate the levels I have to sink to please my swollen retarded ego, and inflated sense of self importance..Hoo Roo