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 .
Au off and racing in Asian trading today post Easter. Up USD46 / AUD76 since open this morning. Screen short below time 11.15am Aust Eastern.

Side note: I never seen as many "Pre Order" gold items in BN's web sire as now.

upload_2025-4-21_11-15-57.png
 
mybullion.com.au said:
It's unstoppable. As of this moment gold is breaking yet another record as it shoots past $5200.
Click to expand...
That has been claimed in many markets at many times, then Captain Hindsight came to Rule, proving once again that what was bought, also got sold.
https://finviz.com/futures_charts.ashx?t=GC&p=m
$1250 range between 2013 and 2019
Early 2020, the economical sabotages (lockdowns) by the central planners drove people into hoarding, including gold, whose price, after a was driven from $1500 to $2000.

When the war between Russia and Oekraine/Western Bloc escalated, the initial Western Bloc propaganda was after the Russians were driven back, Russia would loose and end of war. Since gold needs mayhem to be bought, it was sold during 2022, driving golds price down to $1600.

By the end of 2022 it became clear that Russia won't loose soon.
So mayhem remained, then the Israel Hamas war escalated, and spreaded over the region.
Iran against Israel, Syria war, and so on.

And this was all the goal of the central planning of the Western Bloc.
Just like their War on Terror in the 200x.
They organise mayhem as excuse to sabotage economy as excuse to drive up prices, make people willing to pay them, thereby watering existing money, and lure people into bad speculative decisions.
That's also why Trump again president became a Bigger No than before - he promised to end the biggest of these wars: Russia - Western Bloc.

As of current, end april 2025, the Russian army is since august 2024 taking more Ukraine, and almost nothing remains of Ukraines conquer of Russians Kursk region.
Trump still strives on the path to peace but rest of Western Bloc don't want, for aboves reason, to end the war already now. But the US was by far the biggest military node of the Western Bloc.
The other main nodes of the Western Bloc drove their economy towards zero growth / recession.
That means less demand, lower prices. That prices despite increased, is due to Western Blocs forcing higher prices, by locking in by sabotage caused higher prices, by increased minimum wages, pensions, automatic wage increases, so on.

And that's why Trumps tariffs increases announcements resulted in profit grabbing on all markets including golds.
And why his subsequent coming back from these,resulted in a hurry to buy back in, completely with overshoot, as to make gold bugs staying gold bugs instead of quitting and running.
That all doesn't read like alot trust in gold and other markets eh?
Well, that's for a reason, as said here before, golds price increased much more than other prices increased, meaning that selling it = much profit.
So it's quite simple, in the end, peace in the world will return. That's what US people wanted, as proven by voting for Trump that promised that during his running for president again campaign.
There is no reason for EU / rest of Western Bloc people to want war. Rather the same contrary, just look at what Zelensky did to keep population in war: scrap elections, prohibiting citizens that are potential soldiers to leave (now 3 years) and since even actively hunting and kidnapping them from street and wherever.
So when as the fighting stops, and with it the mayhem, gold sales will be unstoppable.

Not that I ever bought gold, I bought silver instead, in 2011 at $30, and sold biggest part (not all) of it later 2020, when people were led to believe that the virus would end the world, and hoarded, including gold and silver.
Instead, I sold, thereby correcting my 2011 bad move due to being misled by central banks that "quantitative easening" equaled to creating and spending money, and big price increases. It was creating, but it wasn't spending, the central banks paid banks to NOT lend it out.
Instead of acting disappointed by selling later on at $15 to never return, I bought more silver, though lower amounts, over the years, in the $19-$15, most of it at the latter, range, and kept it so far.
Buying now, lol no.
But I do understand that people that want to sell high want people to buy high.
 
Pirocco said:
Buying now, lol no.
But I do understand that people that want to sell high want people to buy high.
Click to expand...

It's an interesting thing these financial transactions, you have a seller who is adamant the price is high and heading lower, yet a buyer believing the opposite. I for one think both gold and silver are a reasonable purchase, even at the current going rate.
 
Pirocco said:
nstead, I sold, thereby correcting my 2011 bad move due to being misled by central banks that "quantitative easening" equaled to creating and spending money, and big price increases. It was creating, but it wasn't spending, the central banks paid banks to NOT lend it out.
Click to expand...

Don't blame anyone else, you misled yourself because you don't understand how QE works and also that reserves are not lent.
 
Where's the bottom gonna be, anyones guess welcome here. What do you think?

I'm ready to buy something but not sure what yet.
Silver seems like the easy choice being so undervalued and cheap and with a lot of potential but gold is always good too.
I think they can both come down some more but $3200 has pretty good support.
 
Yes on the way up it paused after breaking through $3200, (before then going crazy to $3500 - but it literally just kissed 3500 for a few minutes)

upload_2025-5-4_12-10-16.png

USD3200 level happens to coincide closely with AUD5000, which happens to be the mandatory reporting amount when buying through a dealer in Australia.
 
BarTender said:
USD3200 level happens to coincide closely with AUD5000, which happens to be the mandatory reporting amount when buying through a dealer in Australia.
Click to expand...

Yeah it’s a bit of a pain. Selling 1oz is now a bit tricky.
The added premium of fractionals might be worth it.

No way I'd want to pay CGT on it.
 
I still maintain $6-$6.5kaud by end of this year to mid next.
Markets are playing out exactly as predicted.
Looking better 1st half of year and then cracks appearing in second half and accelerating
 
You must log in or register to reply here.
Back
Top