$5,000 GOLD guess the time and date

Paid just over $36,000 for this not to long ago now worth $50,000 my kind of numbers

 

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that's nice Mpcusa !!

 

From RBC Capital.....

 

Great information as always Goldfinger

 

Well it's sitting at 5200 today so it cleared that Q4 estimate hurdle already. 7100 is believable by the end of the year at this rate.

Had a guy telling me seven months ago that he thought gold going to $5k was a "fools errand". (Was $3400 at the time.) Said maybe in 25 years it would be and yet here we are.
One thing you learn in life is to expect the unexpected and reality sometimes is stranger than fiction. I think the writings been on the wall for a long time concerning this issue. The gig is up.

 

Ha! I just had a thought….. Some years back I was looking at a palladium eagle that looked like a Merc and thought…… Nawww, that’s too much money. Ha!!

 

Friday, Jan 23, 2026 at about 11:15. I was watching live. The night before, it looked like it would be at $6000 by morning. Skyrocketing as the debacle in Minnesota and Europe (Greenland plus taffiffs) were taking place.

 

Hey, you could already swap a silver Merc for a palladium - if the Merc is the right date and grade.

 

$5,200 on COMEX.....

 

And why stop there?

 

Yeah...and why stop THERE !!??

 

Gold’s push above $5,000 is not a buying frenzy, but reflects structural changes in global markets - Standard Chartered’s Suki Cooper

Gold continues to see solid momentum at record highs, with prices now solidly above $5,200 an ounce. According to one market analyst, this investment demand is being driven by more than just speculative frenzy.

In her latest precious metals report, Suki Cooper, Global Head of Commodities Research at Standard Chartered, said that gold’s unprecedented rally continues to be supported by fundamental factors.

“Tactical investors have increased their exposure to gold this month (as of 20 January), but not at the same pace as the price increase. Net fund length has risen by 14.9k lots over the past two weeks largely on the back of fresh long positions being established (14.8k lots) while prices have gained around USD 300/oz over the reported period. Typically, prices have gained USD 100/oz amid a 60k lot move, suggesting other factors may now be in play,” she said. “While traditional macro drivers are playing a lesser role, the structural drivers have intensified. Growing concerns over Fed independence and scope for looser monetary policy, heightened geopolitical risks, and a reigniting of trade and tariff fears are likely driving more rapid allocations to gold, led by retail investors. Tactical buying has not been the engine behind this rally; instead, buying led by structural changes remains key, in our view.”

Cooper added that speculative positioning as a percentage of open interest remains elevated at 26.4%, but is still well below the peak of 47.9%, indicating that positioning does not appear overextended.

Meanwhile, Cooper said that the options market also points to higher gold prices in the near term.

“One-month implied volatility has spiked higher again, to levels last seen in March 2022. Meanwhile, one-month risk reversals have spiked to levels last seen in April 2024, remaining firmly in favour of calls,” she said.

Cooper also noted that physical bullion and jewelry demand remains fairly robust, with Chinese consumption once again dominating the market. She added that gold is once again trading at a premium on the Shanghai Gold Exchange.

“Gold demand typically picks up six weeks ahead of the Lunar New Year (17 February this year) during strong consumption years, but the local market has not been consistently at a premium since the start of this year. This implies scope for the gold market to be well supported on price dips until the Lunar New Year,” she said.

Finally, Cooper pointed out that central bank demand continues to provide a critical foundation for higher gold prices.

“Buying accelerated in Q3-2025 and preliminary Q4 data implies that the desire to allocate to gold has not slowed, providing a strong floor for the gold market,” she said.

 

My prediction was close, but I revise my 6K to March 30th. now, maybe at 8K in September.

 

Gold at 110% premium to 200 DMA; in last 45 years, the highest premium was 75%.

For silver, the move is more extreme. "Gold on steroids...bubble territory."

 

We're up $266 on COMEX.....some of you may recall my "you're gonna come to this site and gold is gonna be up $300 an ounce and it'll be too late to buy" posts over the years.

 

Holy crud…. $5570.00!!!!

 

Your crud is crud.....we hit $5,600 !!!

This is a Ralph Kramden Market......POW !! TO THE MOON !!!

 

My prediction of 6K in March maybe wrong again.....
Its not a "bubble" its being driven by your President. Donald J Trump from the start said he wanted to drive down the Dollar. Reason? twofold, make US exports more appealing, two/ the Federal Debt 9.8T will be worthless to debtors. If Trump devaluates uS$ by 50 % and gold goes to 100K, he then could pay off most of debt, which is costing US govt Billions in interest, by selling gold. Look at Putin, Russian economy is on life support, thus he sold of 80% of Kremlin gold reserves.
But in the end I hate this, even though I have 660 oz in gold coins. Auctions are already reflecting this in hammer prices for more common gold coinage. At 100K an oz. even classic high quality coins would escalate.