It gapped higher so I wonder if the front month contract rolled over. I'm too lazy to look it up. APMEX is showing ~$3090 with futures at $3110 a high of $3115 so far.
@Goldminers said:
The main takeaway from this IMO is that the FOMO trend of selling gold ETF's to chase mag-7 stocks has reversed >and more investment money is moving back into gold ETF's reflecting a desire to hedge portfolios with some gold >again.
It is the recent inflows into the gold ETF's that has helped drive gold demand and kept prices at higher levels. This, >along with continued central bank purchases, may be what helped push gold above $3,000 the past month.
Excellent points. The only negatives for gold that I can see are the higher price itself and some increased supply which I doubt can be an annual occurrence (we'll see).
Sticking (for now) with my $5,000 by 2035 prediction but it might be an outside shot by 2030.
gold is simply reacting to weakening faith in the dollar's ability to hold value. Stock market is finally agreeing. Looks like the days of inflated data may be over: the truth always prevails.
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards
I think with the silver futures price action of the past few days we're ready for $40 SOON.
Saw this and thought it to make a very interesting point:
Stocks are near record highs, housing prices are near record highs, cryptocurrencies near record highs, gold at an all-time high, but SILVER, the one that is STILL so far below its record high, all while the dollar index is at a record high as well, makes me INCREDIBLY excited about silver!
Looking at the Gold/Silver ratio chart it does look like silver is going to outperform gold for a while here.
@derryb said:
gold is simply reacting to weakening faith in the dollar's ability to hold value. Stock market is finally agreeing. Looks >like the days of inflated data may be over: the truth always prevails.
It's very simple: you have chaos and some negative policy choices (tariffs) being forced on the market. Trump's idiotic statement that the auto companes better not raise prices was ridiculous.....they're supposed to LOSE $$$ ? What did Trump do when the price of raw materials doubled and he had to sell apartment units -- did he raise the price or willingly lose $$$ ?
I expect better from Trump and those he has surrounded himself with. They are smart and financially savvy....they know what the market doesn't like.
@derryb said:
gold is simply reacting to weakening faith in the dollar's ability to hold value. Stock market is finally agreeing. Looks >like the days of inflated data may be over: the truth always prevails.
It's very simple: you have chaos and some negative policy choices (tariffs) being forced on the market. Trump's idiotic statement that the auto companes better not raise prices was ridiculous.....they're supposed to LOSE $$$ ? What did Trump do when the price of raw materials doubled and he had to sell apartment units -- did he raise the price or willingly lose $$$ ?
I expect better from Trump and those he has surrounded himself with. They are smart and financially savvy....they know what the market doesn't like.
Actually the problem is that individual policy actions are not being viewed with the perspective of the entire policy. As a whole I expect the end result to be very positive but it will take time and short term pain to get there. In fact, any corrective action would have involved some economic pain. To be fair, I'm not sure the entire plan has been communicated to us which is probably by necessity.
@DoubleEagle59 said:
It's a little over $4400 an ounce in your possible 51st State!!
Is that in Canadian dollars or in real dollars?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Comments
That $8 billion of gold redemption for GLD was just in the last Q of CY2024...
front month futures are right now 3115
i think in these auspicious times the thread title should be live updated
thank you
I'm slacking tonight. $3100+!
http://ProofCollection.Net
just kidding
it broke 3100 sometime this afternoon
been edging higher all night
don't know what will happen after 8:30 tomorrow
It gapped higher so I wonder if the front month contract rolled over. I'm too lazy to look it up. APMEX is showing ~$3090 with futures at $3110 a high of $3115 so far.
I didn't see silver hit $35.75 earlier, wow.
http://ProofCollection.Net
declining to name my broker, but the "day 2" started at 6pm globex open. the "27th" was the first day of the new front month
i'm guesstimating a $25 gap
Excellent points. The only negatives for gold that I can see are the higher price itself and some increased supply which I doubt can be an annual occurrence (we'll see).
Sticking (for now) with my $5,000 by 2035 prediction but it might be an outside shot by 2030.
gold is simply reacting to weakening faith in the dollar's ability to hold value. Stock market is finally agreeing. Looks like the days of inflated data may be over: the truth always prevails.
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards
I think with the silver futures price action of the past few days we're ready for $40 SOON.
Saw this and thought it to make a very interesting point:
Looking at the Gold/Silver ratio chart it does look like silver is going to outperform gold for a while here.
http://ProofCollection.Net
It's very simple: you have chaos and some negative policy choices (tariffs) being forced on the market. Trump's idiotic statement that the auto companes better not raise prices was ridiculous.....they're supposed to LOSE $$$ ? What did Trump do when the price of raw materials doubled and he had to sell apartment units -- did he raise the price or willingly lose $$$ ?
I expect better from Trump and those he has surrounded himself with. They are smart and financially savvy....they know what the market doesn't like.
Actually the problem is that individual policy actions are not being viewed with the perspective of the entire policy. As a whole I expect the end result to be very positive but it will take time and short term pain to get there. In fact, any corrective action would have involved some economic pain. To be fair, I'm not sure the entire plan has been communicated to us which is probably by necessity.
http://ProofCollection.Net
It's a little over $4400 an ounce in your possible 51st State!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Is that in Canadian dollars or in real dollars?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire