Gold at ATH.....what do your tea leaves say?

To much stress and research into macro enviroment for me and i'd say many others, in my own amateur way with no financial/economics background looked back in charts,history, facts and figures and to summarise...i know shit all But Golds doing well and what it always does over time, these days accelerated at times by this crazy clown world we call home. It will continue slow steady growth sometimes slowing but rising once again

 

The bull has been released

 

This is WILD

 

Luckily for you, your a stacker also with skin or gold in the game too not missing out on nothing just more diversified then some including myself. Its good to see excitement in Gold again but not many buyers...most see silver below its ATH and quick to pull trigger on it seeing unrealised potential perhaps

 

The rumor going around...China bought 60 tons in November.
What did they report, 5 or 10 tons haha.

 

All sorts of speculation flying about.

--
UK faces gold shortage as traders send $82B to New York in anticipation of Trump tariffs

London is facing a gold shortage after traders pulled out billions in bullion from the vaults of the Bank of England and stockpiled them in New York amid fears that Donald Trump will slap fresh tariffs on the shiny commodity, the Financial Times reported on Wednesday.

The British newspaper said that traders have amassed an $82 billion stockpile in New York in recent weeks.

https://www.msn.com/en-us/money/eco...to-new-york-in-anticipation-of-trump-tariffs/

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Trump tariff uncertainties push safe-haven gold to record high

Safe-haven demand due to geopolitical uncertainties and concerns over global economic growth amid U.S. President Donald Trump's tariff plans have hoisted gold prices to a record high, once again bringing the key $3,000 threshold onto investors' radar.

"There're concerns that some of the (economic) growth may come down because of the policies and tariffs that the current administration is looking to implement," said Phillip Streible, chief market strategist at Blue Line Futures.
"So when you've got higher inflation and lower growth, stagflation becomes the economic theme. Gold tends to work very well in that particular environment."

https://www.reuters.com/markets/com...-push-safe-haven-gold-record-high-2025-01-30/

 

https://www.mining.com/web/lbma-liaising-with-cme-group-and-us-authorities-on-comex-gold-premium/

What exactly are they "liaising" about?

 

Am I missing something?
How can traders just grab gold and move it when the countries that want their gold back have long wait times and they are not even sure which bars belong to Australia?

 

In my short time dealing with diff markets...Gold one of only assets i've seen where ATH leads to ATH yet liquidity and buying sentiment so low, days of FOMO behind us or everyone here has enough? $ towards cost of living and other assets? More mainstream coverage in last few years too, for an "unproductive asset"/pet rock its had solid returns last 20 years and last few alone and given all thats happening and continues to the next 20 in my mind will be no different. While many tread water and try to stay afloat our Pet rocks will provide safety and dry land or at least help from going under

 

Don't sweat it, I've found the taste of humble pie has grown on me over the years

A$4,550 and climbing

 

I'm going to take a stab at this and say its not physically being moved, rather traders are dealing with unallocated gold.

 

Possibly but the article states they pulled bullion from the vaults and are producing a shortage.
Is there actually any unallocated or is it gold with multiple claims (eg: Australia's reserves) being shuffled around.

 

Not sure what that all means...



https://chartexchange.com/symbol/nyse-gld/borrow-fee/

 

Naked shorting = FA
Rising borrowing costs = FO

~~~

https://x.com/BullionBrief/status/1887615945927254477

 

Podcast released earlier today that has helped explain it all:

 

LBMA held a webinar this morning (my time). I listened in. I posted what I got out of it here:

https://www.pmbug.com/threads/bank-of-england-delaying-gold-deliveries-4-to-8-weeks.8022/post-123954

 

Great summary, thank you. Regarding this:

Out of interest, was it a laugh like this?

 

They were essentially mocking retail buyers that post on Reddit as dumb (they didn't say that explicitly, but that was the gist of it).