Australian Politics Forum

MeisterEckhart

Gold Member

Offline

Australian Politics

Posts: 16339
Gender: male

Re: Gold & Silver
Reply #15 - Mar 19^th, 2025 at 6:58pm

MeisterEckhart wrote on Mar 18^th, 2025 at 7:21am:

If this rally's trend (since Jan 2023) continues - and it appears that it will - there will be a quick rise to the next psychological resistance level - to near USD3500, probably by August-September, then a fast rise to near USD4000 from October to December.

Another feature of this run since 2023, is the predictable resistance at the 50-dollar point.

When the futures, then spot, price establishes itself at an even hundred, then moves towards the next 50 dollar mark, it will be driven back by anything up to 50 dollars or more.

As the price just breached USD3050 on the futures, the spot price dropped by over USD10. This will increase as the futures/spot prices continually test USD3050 until resistance drops off.

Back to top

IP Logged

Bobby. Gold Member Offline Australian Politics Posts: 116346 Melbourne Gender:	Re: Gold & Silver Reply #16 - Mar 19^th, 2025 at 7:16pm Gold US$ 3026 https://goldprice.org/gold-price.html
Back to top	IP Logged

MeisterEckhart Gold Member Offline Australian Politics Posts: 16339 Gender:	Re: Gold & Silver Reply #17 - Mar 19^th, 2025 at 7:19pm Bobby. wrote on Mar 19^th, 2025 at 7:16pm: Gold US$ 3026 https://goldprice.org/gold-price.html Yep... And it hit USD3052 on the futures. Here's to the algorithms selling off at the prescribed values!
Back to top	IP Logged

MeisterEckhart

Gold Member

Offline

Australian Politics

Posts: 16339
Gender: male

Re: Gold & Silver
Reply #18 - Mar 19^th, 2025 at 7:40pm

MeisterEckhart wrote on Mar 19^th, 2025 at 7:19pm:

Bobby. wrote on Mar 19^th, 2025 at 7:16pm:

Gold US$ 3026

https://goldprice.org/gold-price.html

Yep... And it hit USD3052 on the futures.

Here's to the algorithms selling off at the prescribed values!

The COMEX, between 8:20AM and 1:00PM New York time, tonight, will determine how hard spot price will be 'punished'!

Back to top

IP Logged

Bobby.

Gold Member

Offline

Australian Politics

Posts: 116346
Melbourne
Gender: male

Re: Gold & Silver
Reply #19 - Mar 20^th, 2025 at 5:36am

MeisterEckhart wrote on Mar 19^th, 2025 at 7:40pm:

MeisterEckhart wrote on Mar 19^th, 2025 at 7:19pm:

Bobby. wrote on Mar 19^th, 2025 at 7:16pm:

Gold US$ 3026

https://goldprice.org/gold-price.html

Yep... And it hit USD3052 on the futures.

Here's to the algorithms selling off at the prescribed values!

The COMEX, between 8:20AM and 1:00PM New York time, tonight, will determine how hard spot price will be 'punished'!

Gold $US 3,044.10

Back to top

IP Logged

aquascoot Gold Member Offline Australian Politics Posts: 37231 Gender:	Re: Gold & Silver Reply #20 - Mar 20^th, 2025 at 6:20am China and India have been buying gold, in a secretive way for a decade. By would they buy treasury bills in bankrupt western democracies.
Back to top	IP Logged

MeisterEckhart

Gold Member

Offline

Australian Politics

Posts: 16339
Gender: male

Re: Gold & Silver
Reply #21 - Mar 20^th, 2025 at 6:50am

Bobby. wrote on Mar 20^th, 2025 at 5:36am:

MeisterEckhart wrote on Mar 19^th, 2025 at 7:40pm:

MeisterEckhart wrote on Mar 19^th, 2025 at 7:19pm:

Bobby. wrote on Mar 19^th, 2025 at 7:16pm:

Gold US$ 3026

https://goldprice.org/gold-price.html

Yep... And it hit USD3052 on the futures.

Here's to the algorithms selling off at the prescribed values!

The COMEX, between 8:20AM and 1:00PM New York time, tonight, will determine how hard spot price will be 'punished'!

Gold $US 3,044.10

Yep... spot left the COMEX at just over USD3030 down from the pre-COMEX spot high of USD3046.

Post-COMEX trading appears set to test USD3050 again today.

The DXY is holding above 103 down from its recent highs of over 107.

Back to top

IP Logged

MeisterEckhart Gold Member Offline Australian Politics Posts: 16339 Gender:	Re: Gold & Silver Reply #22 - Mar 20^th, 2025 at 6:52am aquascoot wrote on Mar 20^th, 2025 at 6:20am: China and India have been buying gold, in a secretive way for a decade. By would they buy treasury bills in bankrupt western democracies. And Russia is paying its debts in undeclared gold.
Back to top	IP Logged

Bobby. Gold Member Offline Australian Politics Posts: 116346 Melbourne Gender:	Re: Gold & Silver Reply #23 - Mar 20^th, 2025 at 10:10am New record high Gold 3,053.05 https://goldprice.org/gold-price.html
Back to top	IP Logged

MeisterEckhart Gold Member Offline Australian Politics Posts: 16339 Gender:	Re: Gold & Silver Reply #24 - Mar 20^th, 2025 at 1:07pm Bobby. wrote on Mar 20^th, 2025 at 10:10am: New record high Gold 3,053.05 https://goldprice.org/gold-price.html Higher on the futures: USD3065... Ripe for a haircut today or tomorrow,
Back to top	IP Logged

MeisterEckhart

Gold Member

Offline

Australian Politics

Posts: 16339
Gender: male

Re: Gold & Silver
Reply #25 - Mar 21^st, 2025 at 9:00am

Well, the COMEX supported the spot price, from USD2035 at its open to USD3037 at its close, reaching a low of USD3027.

However, after the close, gold immediately rallied to near its current USD3045.

Let's see how the currently generally bullish Asian markets respond by about 10 AM Hong Kong time.

A correction of at least USD25 is expected within 2-3 business days, most likely at the COMEX, but... let's see...

Back to top

IP Logged

MeisterEckhart

Gold Member

Offline

Australian Politics

Posts: 16339
Gender: male

Re: Gold & Silver
Reply #26 - Mar 21^st, 2025 at 3:04pm

MeisterEckhart wrote on Mar 19^th, 2025 at 6:58pm:

As the price just breached USD3050 on the futures, the spot price dropped by over USD10. This will increase as the futures/spot prices continually test USD3050 until resistance drops off.

And it looks like the 50-dollar resistance is having its effect with the breaching of USD3050 only occurring briefly twice during intraday trading before being slapped down below USD3040.

The question now is: will the spot price at the COMEX stay above USD3025?

Back to top

IP Logged

Jasin Gold Member Offline Posts: 55130 Gender:	Re: Gold & Silver Reply #27 - Mar 21^st, 2025 at 3:19pm Reckon they'll phase out gold and silver metal in favour of digital gold and silver. It's only natural to follow the redundancy of Cash in physical form.
Back to top	AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY. IP Logged

Leroy Gold Member Offline Australian Politics Posts: 4502 Gender:	Re: Gold & Silver Reply #28 - Mar 21^st, 2025 at 3:22pm Jasin wrote on Mar 21^st, 2025 at 3:19pm: Reckon they'll phase out gold and silver metal in favour of digital gold and silver. It's only natural to follow the redundancy of Cash in physical form. Gold will be there forever and ever.
Back to top	Trump derangement syndrome Fareed Zakaria defined the term as "hatred of President Trump so intense that it impairs people's judgment" Lets check in at 5pm on 23rd July 2025 then at 5pm on 30th July IP Logged

MeisterEckhart

Gold Member

Offline

Australian Politics

Posts: 16339
Gender: male

Re: Gold & Silver
Reply #29 - Mar 21^st, 2025 at 3:44pm

Jasin wrote on Mar 21^st, 2025 at 3:19pm:

Reckon they'll phase out gold and silver metal in favour of digital gold and silver. It's only natural to follow the redundancy of Cash in physical form.

You might think that, but the reverse is happening.

Central banks around the world are hoovering up gold at record rates... when that happens you can be sure that (a) they're not doing it on a whim and (b) that central banks are anticipating longterm economic downturn.

On top of that, the Chinese and Indian governments are encouraging their citizens to buy gold and silver, (not that they need much encouragement).

Then there's the mountains of physical gold being repatriated into the US.

Anything cash and digital can be manipulated and disappeared by governments so, if tough times are coming, buy gold...and silver.

Back to top

IP Logged