Gold Just Hit AU$2,000

Discussion in 'Gold' started by GoldenEye, Jun 20, 2019.

  1. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    Gold has now held above all previous highs for the last 6 years, only the previous high left to go!
    Imagine the AUD price if gold hits USD$1800 again, and with the current sentiment I can't see why it couldn't. Gold fever is just starting to take off again.

    upload_2019-7-24_18-16-57.png
     
  2. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    5,343
    Likes Received:
    3,451
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
  3. Slimey

    Slimey Well-Known Member

    Joined:
    Jul 20, 2019
    Messages:
    307
    Likes Received:
    383
    Trophy Points:
    63
    $1350-$1360 has been a major hurdle over the last 6 years. A retest is very possible.
     
  4. mrsilverservice

    mrsilverservice Well-Known Member

    Joined:
    Feb 10, 2019
    Messages:
    821
    Likes Received:
    358
    Trophy Points:
    63
    Location:
    North of Tasmania
    Market Closed

    Gold - $2051.11 :p

    Aud - $0.69

    I feel that Gold is going to continue to push upwards with no reason insight to tell me otherwise :)

    Buy Gold :D












    The Book of Psalms Chapter 17 verse 8

    Keep me as the apple of Your eye,hide me under the shadow of Your wings :)
     
    JohnnyBravo300 likes this.
  5. maverick

    maverick Well-Known Member Silver Stacker

    Joined:
    Mar 14, 2018
    Messages:
    373
    Likes Received:
    257
    Trophy Points:
    63
    Location:
    Sydney
    and the bullish trend continues . . .just hit $2,080
     
  6. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    2,987
    Likes Received:
    3,390
    Trophy Points:
    113
    Location:
    Melbourne
    Gold just hit $2100 thread imminent.
     
  7. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    If you think gold isn't going to go any higher, I think you'll be in for a shock.
    We haven't even had a stock market panic yet, if that happens US$1800/oz is going to look cheap.

    upload_2019-7-31_9-54-2.png

    BTW, I'm glad I switched all my unallocated metal from silver to gold a few months back, it's doing much better.

    upload_2019-7-31_9-55-37.png
     
    mrsilverservice likes this.
  8. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    Gold solidly rose US$1000 (150%) after the last GFC. If (when) that happens again and gold once again becomes the safe haven, that's US$3500 gold using the same multiplier.

    upload_2019-7-31_10-0-59.png
     
  9. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    $2400 on AUD easily.
     
    66rounds likes this.
  10. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,633
    Likes Received:
    117
    Trophy Points:
    63
    Location:
    sydney
    During the GFC Gold fell intially.
     
  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    I sold my paper gold in 2008/2009 because gold fell 10%. The volatility during that period is crazy and further complicated by the fact that when gold drops, the dollar strengthens. The GFC is somewhat a misnomer because it is mostly a US and UK financial crisis caused by mbs. This time round the property bubble is in Chinese property markets, which includes HK, Singapore, Vancouver, Melbourne. It is possible that the dollar will appreciate even in crisis so gold will probably not behave the same as during the GFC.
     
    Last edited: Jul 31, 2019
  12. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

    Joined:
    May 19, 2018
    Messages:
    538
    Likes Received:
    724
    Trophy Points:
    93
    Location:
    Brisbane
    Quite a strong performance last night, thanks Trump!

    BC9A2A3F-4319-4200-8B35-86E5E39D6156.png
     
  13. mrsilverservice

    mrsilverservice Well-Known Member

    Joined:
    Feb 10, 2019
    Messages:
    821
    Likes Received:
    358
    Trophy Points:
    63
    Location:
    North of Tasmania
    Praise The Lord and pass the ammunition :D















    The Book of Psalms Chapter 37 verse 4

    Delight yourself also in the Lord,and He shall give you the desires of your heart :)
     
  14. President Trump

    President Trump Well-Known Member Silver Stacker

    Joined:
    Jun 26, 2019
    Messages:
    307
    Likes Received:
    292
    Trophy Points:
    63
    A good proportion of the move up was actually a drop in the Australian dollar. Gold should slowly grind higher now as markets react to a combination of low interest rates and the fear that risks are to the downside in the stock market.
     
    66rounds likes this.
  15. mrsilverservice

    mrsilverservice Well-Known Member

    Joined:
    Feb 10, 2019
    Messages:
    821
    Likes Received:
    358
    Trophy Points:
    63
    Location:
    North of Tasmania
    Market Closed.

    Gold has finish well above it "old record" of $2080.00 set only a few weeks ago :)

    Gold - $2117.66 :p

    AUD - $0.68

    Where to from here - $2,200.00 of course,when,soon :D














    The Book of Acts Chapter 3 verse 6

    Then Peter said,silver and gold I do not have,but what I do have I give to you.In the name of Jesus Christ of Nazareth,rise and walk :)
     
  16. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    Spectacular!
    upload_2019-8-3_12-21-49.png
     
  17. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,613
    Likes Received:
    4,398
    Trophy Points:
    113
    I love that chart in kilos!!
     
  18. dross

    dross Active Member

    Joined:
    Dec 11, 2010
    Messages:
    497
    Likes Received:
    221
    Trophy Points:
    43
    Location:
    R.I.P
    OK so gold is climbing higher, lower and then higher again which makes for more interesting / exciting times as much as you curb your emotions. What is the general consensus regarding the pricing (continue on current projection for a time then bottom falls out or maybe a sharp spike like 2011-2012). I know no one really knows and don't want this to become a "chart war" or "my analysis is bigger then yours" type thing, simply looking at what the general feeling is at the moment, cheers.
     
  19. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,613
    Likes Received:
    4,398
    Trophy Points:
    113
    Hoping it will test the previous USD highs, that’s the metric I use to set my goals. Can’t see why not, the world economy Will not magically improve nor can central planning solve the crisis, there’s still Brexit to eventually come and skyrocket’s aliens.

    I would prefer it gets there steadily, at a 10% rise per year it’s still 24 - 36 months off. Then there is always the chance of an AUD devaluation but I can’t see any reasons for that that aren’t haven’t already been on the horizon.

    So, how does AUD3210.20 sound by May 2025? :D

    Edit to add: personally I’d prefer it happens by 2023
     
    dross likes this.
  20. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

    Joined:
    Jun 23, 2010
    Messages:
    1,772
    Likes Received:
    611
    Trophy Points:
    113
    You only need to listen to Ron Pauls predictions from 2002 on where gold is going to go too. One smart man.

     
    sgbuyer, dross, whay and 1 other person like this.

Share This Page