$2400 Gold

Discussion in 'Gold' started by herkyderky, Jan 30, 2020.

  1. Faraz

    Faraz Member

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    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.
     
  2. dross

    dross Active Member

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    Makes sense Julie, would you be upping or lowering your marker points ?
     
  3. JulieW

    JulieW Well-Known Member Silver Stacker

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    I'm rather simple. I just go by intuition and observation and I'm not sure what market points are.
     
  4. SilverDJ

    SilverDJ Well-Known Member

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    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.
     
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  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    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.
     
  6. madaw1

    madaw1 Well-Known Member

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    If stock collapse gold will go down as well....I'm keeping extra fiat for this scenario....to buy more gold...
     
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  7. pennys

    pennys Member

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    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!
     
  8. madaw1

    madaw1 Well-Known Member

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    It could be cultish as long as you make money...
     
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  9. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    gold puff-ed out of steam....DOH!
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    slavaja, kilo and jultorsk like this.
  11. pennys

    pennys Member

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    I have noticed a few gold bullion websites having load balancing issues of late. Window shoppers?
     
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  12. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    Must be alor purchases
     
  13. madaw1

    madaw1 Well-Known Member

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    He knows something,we don't...
     
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  14. kilo

    kilo Active Member Silver Stacker

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    Probably many things
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    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.
     
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  16. madaw1

    madaw1 Well-Known Member

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  17. SilverDJ

    SilverDJ Well-Known Member

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    Ok, WTF!
    1/3 million bucks in sales in one week on just this one bar. Seriously?

    upload_2020-2-12_17-17-45.png
     
  18. SilverDJ

    SilverDJ Well-Known Member

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  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    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.

     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    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.
     
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