There is a great chance Aud will drop, if RBA cut cash rate which they may need to do it for stimulating market and exporting to overseas.
Selling at AUD highs also depends on what you had the gold for in the first place. If it was mostly a hedge against the AUD, then yes, selling at the high is a good idea. But if it's a longer term bullish gold reason, then maybe better off to let it run.
My selling of gold is based on the relative price to stocks. If stocks collapse, I may sell some gold and buy high dividend stocks.
If stock collapse gold will go down as well....I'm keeping extra fiat for this scenario....to buy more gold...
I'm expecting sideways xauaud - xauusd proportional to audusd. I really dislike cultish thinking. When you are down to us and them, we few know the truth marketing like in crypto and silver, you know you are in all sorts of strife!
Sudden spike in kilobars sold in Singapore? I've been monitoring for the past 10 days or so. https://i.imgur.com/dWSjASg.jpg
I estimate around average of 10 kilobars sold a day. But this ..... https://i.imgur.com/extjkJd.png wow! sales of 100g remain stable, so it's a group of really wealthy people that are buying.
This is normal for 100g. Had been like this since early this year. But I'm not so sure about the absolute figures - I only look at the trend vs last year for example.
Someone backed up the truck on kilobars, more than 30 kilobars disappeared when I checked in the afternoon. Let’s see if they will appear tomorrow.