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

The tea leaves have spoken, the price of gold (currently $3825/oz $AUD) is:

  • In bubble territory - a correction is imminent, but buying the dip is a good idea.

    Votes: 1 6.3%

  • Overvalued - its time to start selling and continue doing so. Bear market on the horizon.

    Votes: 0 0.0%

  • Plateauing - minimal movement expected from here on.

    Votes: 3 18.8%

  • Undervalued - This is a great buying opportunity.

    Votes: 5 31.3%

  • I dont drink tea.

    Votes: 7 43.8%
  • Total voters
    16
  • Poll closed .
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 :):cool:
 
mmm....shiney! said:
The big black arrow is the day I said that gold has made it's all time high and will correct back down to about USD1900. :oops:

View attachment 93095
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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
 
All sorts of speculation flying about.

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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/
 
jultorsk said:
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.



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

----------
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.
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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 ;)
 
Steveno said:
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?
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I'm going to take a stab at this and say its not physically being moved, rather traders are dealing with unallocated gold.
 
mybullion.com.au said:
I'm going to take a stab at this and say its not physically being moved, rather traders are dealing with unallocated gold.
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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.
 
jultorsk said:
Not sure what that all means...
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Naked shorting = FA
Rising borrowing costs = FO

~~~

Ronan Manly said:
The gold clearing banks of London Precious Metals Clearing Ltd (LPMCL) have exhausted the metal they had available for delivery in their own vaults… so they are trying to borrow as much gold as possible via the gold lending market at the Bank of England. But this looks exhausted too.

These clearing banks (JP Morgan, HSBC, UBS and ICBC Standard) need to keep gold in their vaults for their own loco london liquidity. But it looks like they don’t have any more gold to do this.

Counterparty risk has therefore risen between all the LBMA bullion banks which trade unallocated “gold credit” between each other. The clearers, the market makers and all the other LBMA bullion banks and brokers and traders. About 50+ entities.

basically they trade paper “claims” on gold (or the electronic equivalent). These claims are now trading at a discount to reflect the fact that they can’t be converted at will into physical due to a lack of availability of sufficient loco London physical gold.
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https://x.com/BullionBrief/status/1887615945927254477
 
Great summary, thank you. Regarding this:
pmbug said:
They mentioned silver a little bit, but mostly focused on gold. For silver, they did mention that COMEX buyers of London metal may actually need the physical metal as they are generally industry players needing silver for production of goods. They laughed at the idea of a #silversqueeze. They claimed there is bountiful metal to continue meeting industrial demand.
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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).
 
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