Gold

[Nor]

Gold was over NZ$3000 an ounce earlier today. Still close. Just saying.
Better than dodgy coin.

[Nor]

Recent ups ands downs partially due to exchange rate. I suppose ultimately the real driver of gold price, if any, will be the US$ value, the real value. Exchange rate only noise.
Like this, just posting because the Australian shares thread is so dead, which is silly because the Australian market is ten times more interesting than the NZ one.

[airedale]

Hi Nor, POG will rise when the US$ index starts to drop, meanwhile Ozzy producers will benefit from low Oz dollar.

[ynot]

Hi Nor, POG will rise when the US$ index starts to drop, meanwhile Ozzy producers will benefit from low Oz dollar.

Hi airdeale. Are you confident the us$ will drop.

[Nor]

Will gold rocket if China invades Taiwan this year as an American admiral is predicting?
They were right about Ukraine.

[airedale]

Hi airdeale. Are you confident the us$ will drop.

Eventually ,probably when the Fed stops increasing the bank rate.

[airedale]

US$ index in the last month, down from 114 to 110.9. Has it topped out? Maybe not it is still too early to call.

[airedale]

https://www.ino.com/
US$ index down .47%, so there could be a retracement back above 110.. But today POG has moved up 2.5% to US$ 1712.

[ynot]

Last week, the Word Gold Council said that central banks worldwide bought nearly 400 tonnes of gold between July and September, an increase of 300% from the third quarter of 2021. The third-quarter buying spree was the largest on record going back to 2000

[ynot]

https://www.kitco.com/news/2022-11-0...Rick-Rule.html