GOLD NEARING $4000

Approaching $4,300 ......$4,280 up $77

 

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Found this amusing article, and thought you might enjoy it, @GoldFinger1969:

Central banks have been buying a squillion tonnes of gold, promise

 

They have been....it's institutions moving the market.

$4,313 high today for gold.

 

A wise man once said:

So far today, it's up what, $120?

Looks like what the non-science people like to call "parabolic"...

 

It's tough to put one's head around this. Different but similar.....remember when Bitcoin ran to 60k and retreated to around 18k? Now it's over 100k. Lots of fortunes will be made or lost. I don't put any credence to it, but a few are saying gold may cross 10,000 in the not so distant future.

 

But does that mean 2-3 years.....or 15 years ? Big difference, BM !!

And I do think we have bidders underneath. Notice that gold is NOT letting you "in" if you missed out.

Bullish....something I've noted here for YEARS (back to 2018 or 2019, I think ).

 

$4,390 in early-evening, up about $175 intraday.

All aboard the Gold Rush Express !!!

 

I meant in the next 5 years. That's kind of "near future", no? And I was never not "let in". I inherited gold privilege.

 

$10,000 in 5 years would be a big move. 16% a year I guess.

It's a big move....if we got there, I would probably SHORT gold to protect the "value" of my bullion/numismatics.

CoinTalk Post, July 2034, Gold Hits $20,000: "I haven't seen Goldfinger1969 in a while, anybody heard from him ?"

 

Top link this evening on Coinflation:

ANZ forecasts gold to hit $4,400/oz by year-end, peak at $4,600/oz by mid-2026

"By year-end"? Dang, does this mean I missed Christmas already?

 

Gold kickin' booty at $4,361 right now, what's next!

 

Now, that's ridiculous and why Wall Street at times looks idiotic: we're right at $4,400 so either have a higher PT or say that gold will be flat through year-end if you don't think it moves up even 0.5%.

I think $4,600 by mid-2026 is too low, but it's a reasonable guestimate.

 

$4,374 with a high of $4,392 on the futures.

https://finviz.com/futures.ashx

 

GOLD TO $10,000 BY 2029 was the scrolling headline for Ed Yardeni's appearance today on CNBC (should be free on the site for a few more hours).

RING !! RING !! RING !! RING !! RING !!

 

_ ▂ ▃ ▄ ▅ ▆ ▇▀▄▀█▓▒░F░A░S░C░I░N░A░T░I░N░G!░▒▓█▀▄▀▇ ▆ ▅ ▄ ▃ ▂ _

 

Heck yeah. It’s a good thing I diversified in fishing lures!

 

Margaritaville?