Gold

[JBmurc]

Yep, I fished out an old phone socket jack with gold plating, unused for a decade or more. It still looked clean, despite being kept in a damp cupboard in the garage.

As good as Gold as the saying goes ..

[Daytr]

Gold got smacked as dollar rallies.
It's now failed twice around $2340 to give gains pretty smartly.
It's gone from going up the elevator to down & up the stairs.
A good washout of froth is a good thing & I wouldn't be surprised to see gold come back further before carrying on its way towards $3,000.

[JBmurc]

Gold got smacked as dollar rallies.
It's now failed twice around $2340 to give gains pretty smartly.
It's gone from going up the elevator to down & up the stairs.
A good washout of froth is a good thing & I wouldn't be surprised to see gold come back further before carrying on its way towards $3,000.

yes I ended up taking my profit and selling out of most of my GAU:TSX $2.26 and all of my ADZN position 43c the latter is being taken over in a scrip deal by Silvercorp TSX..wasn't keen on the Lead silver miner in china

So sitting on a large cash pile .. MAY-JUNE is generally the sale months for ASX stocks with tax-loss selling etc ... so not stressed to be kicking back still got a few Gold explorers and KSN minor GOLD/Silver Producer

[Nor]

Started just watching gold on the 6 monthly chart, better perspective.

[kiora]

"Investment Strategy
Monetary inflation, tariff barriers and preferred treatment with tax breaks and subsidies, are actually good for selected stocks, in the short run.

However, this sugar hit does not last.

There is an old Scandanavian proverb to this effect:

Don't wet your own pants in a blizzard just to stay warm."

https://www.livewiremarkets.com/wire...THE%20INSIGHTS

[airedale]

Started just watching gold on the 6 monthly chart, better perspective.

Try monthly on a 5 year chart unless you are active trading.

[Daytr]

Gold seems to be consolidating which is not a bad thing.
The obvious question is where to from here?
With US interest rates likely to go lower in the near future, I would back higher.
The other question, what does that mean in currency gold. I.e. AUD or NZD?
I suspect NZ is as close or closer to cutting rated so overall favourable to NZD/Gold

[JBmurc]

Gold seems to be consolidating which is not a bad thing.
The obvious question is where to from here?
With US interest rates likely to go lower in the near future, I would back higher.
The other question, what does that mean in currency gold. I.e. AUD or NZD?
I suspect NZ is as close or closer to cutting rated so overall favourable to NZD/Gold

I read today over the last decade in JAPAN Holding Gold bullion would have return you average 10.5% pa av