We're all involved in the very difficult world of trying to predict the FUTURE and I know I'm naughty pointing to the PAST, that's easy but can't resist one more: 3i Group, up 700% since Covid, even after recent Trump Tariff Tantrums in April. I've been in an out, just cannot believe how valuable this conglomerate has become. Definitely, one to study. The future? I don't think we're taking enough notice of what China's doing, eg supplying Iran with serious hardware and Taiwan of course.
"Sell in May and go away" used to be a maxim in the City.
I doubt there are many people who want to hold positions when they are on holiday so it could be that. However I'm with you 100% - Gold is going up or more precisely fiat is going down. The UK and US will have to print money so borrow fiat and buy gold - If you can afford it of course
Apologies! I should have searched the history. Superb articles and information; many thanks. I now get the "mixed" comment! I've been in the expectant camp for a long time so I'll keep holding my bullion and stocks. Will also take a look at your stock ideas.
The extent of the pause is something I have been contemplating for a few weeks now. Gold is approx. 50% above its 36 month MA which is a place it visited three times from 2006 to 2008. Each time then it corrected. Between May 06 and Mar 08 it corrected from 51% to 21% and took nearly eighteen months to do it. However in Sept 1978 it got to 50% and continued on upwards to 190% above the 36 month MA. A truly parabolic rise with a peak in Jan 1980.
Despite the global debt woes I am not fully convinced that we can go onwards and upwards from here without a bigger correction.
Agreed, but so far the distance to 36 month MA has gone down from a high of 51% to currently 45%. Not much of a correction. There was year of price inaction in 2006/07. However I think the drivers for gold are much stronger now and so on balance I think its going up quicker from here. A sovereign debt crisis might be a good catalyst.....
Gold, schmould. Goldman Sachs Bank up 430% in 5 years. It's up 70% since the media MASSIVELY freaked out slamming Trump early April, deliberately scared the cr*p out of everyone, FTSE/Wall St/S&P/NAS now near ATHs. Talking of the East, do we have a date yet for China's Taiwan invasion? And are we all watching the volume of massive missiles China is supplying to Iran?
Just banked it, looks like money to me. Gold is just a derivative, in a crisis you cannot use it to buy food, if you went to pay someone in gold sovereigns they’d follow you home
Is this the same Charlie Morris who set up Byetree and the BOLD ETF (Bitcoin/gold) if yes, I think the guy is awesome. I’m a big fan of managing volatilities growth with the security of stability. Now I just need to research a fund that will give me some explosive returns…
Gold was intentionally demonetized in the USA to eliminate it as a competitor to the dollar.
The people have voted with their wallets around the world and especially in the USA with all the COSTCO stores selling $100,000,000 a month of the oune ounce gold wafers.
In east India, gold has never stopped being a currency used in daily commerce in the entire country.
Paper with ink on it is being pushed aside, as it is now recognized that it is NOT A STORE OF VALUE!!!
For all here and all you may know that could / should be paying attention!
Gold grinding down to the fall lift off!
http://www.321gold.com/charts/seasonal_gold.html
Yes, I see seasonal patterns as a secondary not primary indicator, but gold is one of the more reliable ones
We're all involved in the very difficult world of trying to predict the FUTURE and I know I'm naughty pointing to the PAST, that's easy but can't resist one more: 3i Group, up 700% since Covid, even after recent Trump Tariff Tantrums in April. I've been in an out, just cannot believe how valuable this conglomerate has become. Definitely, one to study. The future? I don't think we're taking enough notice of what China's doing, eg supplying Iran with serious hardware and Taiwan of course.
This will be of interest in the changes here and coming.
https://swentr.site/news/621315-brics-in-rio-global-power/
RT views always interesting
"Sell in May and go away" used to be a maxim in the City.
I doubt there are many people who want to hold positions when they are on holiday so it could be that. However I'm with you 100% - Gold is going up or more precisely fiat is going down. The UK and US will have to print money so borrow fiat and buy gold - If you can afford it of course
Thank you
I’ve been too slow - but have gone with the ishares ETC in my SIPP.
Given your extensive knowledge of all things mining @Dominic what’s your take on Blue Gold, Ticker: BGL recently floated, and their plans to restart
their Bogoso Prestea mine in Ghana?
I don’t know it. There’s a lot of gold in Ghana though.
Great article, Dominic. Do you have a view on Silver? I think Charlie Morris is quite keen on it.
Mixed
Worthy of an article? Pretty significant move on Friday above the (apparently) key level of $37.
https://www.theflyingfrisby.com/p/gold-at-3300-platinum-on-a-tear-silver?r=1o6vt&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
And
https://www.theflyingfrisby.com/p/the-romance-of-silver?r=1o6vt&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
Apologies! I should have searched the history. Superb articles and information; many thanks. I now get the "mixed" comment! I've been in the expectant camp for a long time so I'll keep holding my bullion and stocks. Will also take a look at your stock ideas.
Thank you
I remember when you said “will we ever see sub 1000$ gold.”
Those were the days
Thanks Dom, nice update. As long as they keep printing gold will do well.
Deficits and debasing ...
Nice Work.
Thank You!
Thank you
The extent of the pause is something I have been contemplating for a few weeks now. Gold is approx. 50% above its 36 month MA which is a place it visited three times from 2006 to 2008. Each time then it corrected. Between May 06 and Mar 08 it corrected from 51% to 21% and took nearly eighteen months to do it. However in Sept 1978 it got to 50% and continued on upwards to 190% above the 36 month MA. A truly parabolic rise with a peak in Jan 1980.
Despite the global debt woes I am not fully convinced that we can go onwards and upwards from here without a bigger correction.
May 06 to Jul 07 for the correction of 51% to 21%, not May 06 and Mar 08 as I wrote above.
I hear you but you get corrections in time as well as in price and this seems to be one of those
Agreed, but so far the distance to 36 month MA has gone down from a high of 51% to currently 45%. Not much of a correction. There was year of price inaction in 2006/07. However I think the drivers for gold are much stronger now and so on balance I think its going up quicker from here. A sovereign debt crisis might be a good catalyst.....
Indeed ….
Gold, schmould. Goldman Sachs Bank up 430% in 5 years. It's up 70% since the media MASSIVELY freaked out slamming Trump early April, deliberately scared the cr*p out of everyone, FTSE/Wall St/S&P/NAS now near ATHs. Talking of the East, do we have a date yet for China's Taiwan invasion? And are we all watching the volume of massive missiles China is supplying to Iran?
Goldman Sachs may have been a good investment but it is not money
Just banked it, looks like money to me. Gold is just a derivative, in a crisis you cannot use it to buy food, if you went to pay someone in gold sovereigns they’d follow you home
From 2000 to 2011 GS lost over 80% relative to gold. It did well then until 2016, but has gained nothing since
Charlie Morris
Is this the same Charlie Morris who set up Byetree and the BOLD ETF (Bitcoin/gold) if yes, I think the guy is awesome. I’m a big fan of managing volatilities growth with the security of stability. Now I just need to research a fund that will give me some explosive returns…
Indeed, one and the same
Gold was intentionally demonetized in the USA to eliminate it as a competitor to the dollar.
The people have voted with their wallets around the world and especially in the USA with all the COSTCO stores selling $100,000,000 a month of the oune ounce gold wafers.
In east India, gold has never stopped being a currency used in daily commerce in the entire country.
Paper with ink on it is being pushed aside, as it is now recognized that it is NOT A STORE OF VALUE!!!