Why the big move in gold?

[I Shrugged]

Big move in gold today. Why?

[boglerdude]

Rising for 10 days. Mideast chaos?

andor "Investors are calling it: The Fed may be done raising"

[coasting]

Big move in gold today. Why?

Stocks down, gold and long treasurys up today - I assumed it was traders' flight to safety going into the weekend due to recent geopolitical events.

[Smith1776]

I'll tell you EXACTLY fucking why.

Because literally the day before I sold off a huge chunk of gold (long story).

Yeah. Fuck.

[vnatale]

Truth is, of course, no one knows.

Just like at the end of the day when we are told why the overall stock market was up or down.

[whatchamacallit]

Sorry Smith. I did just buy some more earlier in the week going to 33/33/33 stocks/intermediate bonds/gold in retirement accounts so the gold portion worked out nicely.

I hate gold but there is nothing else like it.

Do you have any gold now Vinny?

[vnatale]

Sorry Smith. I did just buy some more earlier in the week going to 33/33/33 stocks/intermediate bonds/gold in retirement accounts so the gold portion worked out nicely.

I hate gold but there is nothing else like it.

Do you have any gold now Vinny?

I still only have the 3 ounce coins plus a fraction of an ounce that I bought in 1995.

[ochotona]

I have my $1300 gold, 10% of portfolio, but OMFG too many miners bought in 2020. I should have stuck with 100% bullion. Damn miners. But I'm holding. I'll sell them in a few years if they don't pop.

"Gold miners are where capital goes to die"

[dualstow]

$2005

[ochotona]

Did gold hit an ATH on a monthly basis? If so, that's important.

PS - I think it came close but didn't hit it.

[ochotona]

Monthly ATH in gold was $2009, it's now $2013... Let's see if it does its usual faceplant by the close on November 30 !

[dualstow]

Monthly ATH in gold was $2009, it's now $2013... Let's see if it does its usual faceplant by the close on November 30 !

Six-month high

[ochotona]

Really moving now, nice. ATH closes for month, Q4, and year would be really a good sign.

[pmbug]

Dollar index down, Gold up. Fed's Waller says he thinks rate policy is in a good place - no hikes or cuts on the horizon (unless data changes). Without a threat of more hikes from the Fed, gold looks likely to move up from here. $.02

[boglerdude]

Why would people buy gold with cash at 5%. Is the money supply increasing at 7%+ ?

[vnatale]

Why would people buy gold with cash at 5%. Is the money supply increasing at 7%+ ?

Good question!

[ochotona]

Why would people buy gold with cash at 5%. Is the money supply increasing at 7%+ ?

Why would people buy gold with cash at 129.18%? (asks the person in Argentina)

[D1984]

Why would people buy gold with cash at 5%. Is the money supply increasing at 7%+ ?

Why would people buy gold with cash at 20%? (asks the person in Argentina)

Correct me if I'm wrong but I was of the understanding that at the moment the risk-free rate in Argentina was 133% (which isn't nearly as high as it sounds since their inflation rate is around 131 or 132% Y-O-Y if I remember right), not 20%.....do Argentinian banks only pay 20% on customer deposits despite the central bank rate and Argentinian treasury bill rate being over 130%? That may be the case; certainly banks in America like to tout paying 3 or 4% on CDs as if that was a competitive rate.....while one can go to Fido or Schwab and buy T-Bills paying 5.4 or 5.5%.

[ochotona]

Post corrected

[ochotona]

Kitco app says $2135 now? Someone's chasing it hard.

[pmbug]

Looks like a short squeeze on the open in Asian trading. It's settling back down a bit now.

[mathjak107]

it went from up 40 bucks an ounce when i looked last night to down 80 from that point today

[vnatale]

https://www.kiplinger.com/investing/com ... 71B45B910B


Gold Investing: What's Next After Recent Gold Price Highs?

If you're hesitant about gold investing simply because prices have run up so much already, here are a few points to consider.

[vnatale]

https://www.kiplinger.com/slideshow/inv ... D4DD3DC154


Investing in Gold: 10 Facts You Need to Know

Gold can do well in times of trouble, but its long-term record isn't so shiny.

[mathjak107]

cherry picking dates can make any point one wants .

last time i looked you would be hard pressed to find time frames where equites and bonds beat equities and gold the last two decades