Gold is Taking a Beating Today!

YEAH if I say its water, you will say it H2O..

 

Log in or Sign up to hide this ad.

Getting back on track with this thread, gold is now over $4808 an ounce.

 

It's held in there.

It's doing what it would be expected to launch an assault on $6,000 and ultimately $7,500 (2030) to $10,000 (2035).

 

It’s up again this morning.

 

I "liked" you post, but hate the news gold is again going up in price. Its bad for me and my collecting adventures.

 

Now that’s a high quality problem

 

I know but I don’t make the news, I just read it. It dropped a little today. News from the Middle East was announced late today and I think when trading opens tonight it will go higher. Unless something changes from what was announced, which was Israel and Lebanon agreed to a cease fire. Only time will tell how this affects the pm prices.

 

Would expect more from GOLD today especially with todays announcement on the strait being opened by IRAN but were dictating that horse

 

From what I'm reading, it seems they have opened the Strait... for target practice.

 

I understand.

 

I sure wish GOLD would find a direction

 

The direction is up, just not in a straight line. Big dips are how it shakes out weak hands before the next leg.

 

We had a major move up.....it needs to digest it....we're not talking about AI or Memory stocks here.

 

Patience grasshopper. Gold and silver don't live in a vacuum. War changes fortunes of many things. And I'm willing to pay more for gas until the culprits are subdued. Those terrorists promising death to the western world have been at this for nearly 50 years. A few more months until resolution is not too much to ask.

 

Number 2 gold buyer, India, is stressed by the shock. PM Modi said to cut back energy consumption AND gold purchases. Buying opportunities await us soon. Right @panzerman ?
Modi says Iran war poses severe risks to India, urges cuts in fuel use and gold purchases
https://www.cnbc.com/2026/05/11/ind...are|com.apple.UIKit.activity.CopyToPasteboard