Safe Haven Rally After the sharp rally in gold futures that followed the onset of the Middle Eastern conflict, gold seems to be losing some of its safe haven appeal. If the war stays isolated, then we might not see the safe haven investors piling in like we saw at the beginning of October. In the chart below, you can see the safe haven rally that followed the start of the conflict and the subsequent selling. I highlighted a few local areas o...
iamiam :
gold may collapse. at least in the west. gold is moving east with most other assets. they are worth more in the east. this is not good on a larger scale. but it means we could see a collapse as the west floods to t-bills. can gold return 5% in 3 months? a tbill can. nearly everything in the west will drop compared to tbills.... the really bad part is that this has happened before, many times. first, the gold moves, and then soldiers follow it.
Will the Gold Rally Continue? Gold has been on a very strong rally off of the 52-week lows made previously this year. All year long gold's value has been held down by the strength of the dollar rally. The strength in gold started when the market started to believe that the Federal Reserve will begin slowing down its interest rate hiking regime. Many investors exited their long dollar position in masses in anticipation that treasury yields will no longer climb now th...
SpyderCallOPricko:
There are so many gold and precious metal etfs. I wanted to find a solid gold mining stock with a little more beta profit potential than some of the othe large cap gold mining companies. I was a little rushed
Violets :
I noticed this yesterday and thought I really should not enter gold this high and with yields dropping but boy is it tempting. I sold a couple weeks ago
USD/XAU Forum
After the sharp rally in gold futures that followed the onset of the Middle Eastern conflict, gold seems to be losing some of its safe haven appeal.
If the war stays isolated, then we might not see the safe haven investors piling in like we saw at the beginning of October.
In the chart below, you can see the safe haven rally that followed the start of the conflict and the subsequent selling. I highlighted a few local areas o...
📊 TARGET POINT¹ : 1928
📊 TARGET POINT² : 1931
📊 TARGET POINT³ : 1934 OPEN
⛔️ STOP LOSS × 1916
Gold has been on a very strong rally off of the 52-week lows made previously this year. All year long gold's value has been held down by the strength of the dollar rally. The strength in gold started when the market started to believe that the Federal Reserve will begin slowing down its interest rate hiking regime. Many investors exited their long dollar position in masses in anticipation that treasury yields will no longer climb now th...
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