@JunoBeach2024 RSP, AVUV, DFSV, sure aren’t beating gold this year. Amazing fella. I can tell you what’s overrated, it’s not gold.

@FreeAmericaNow really do your research on Bitcoin like you have with gold. You will see that the longer you hold it, the less volatile it will become. Gold: old man hedge, Bitcoin: superior savings technology. Gold is good for those who can’t stomach the volatility. Bitcoins case will be proven over time it’s only volatile because it’s still very new and we are very early. It could break down into the 40-50s before it climbs back up post halving. Most interesting asset class of our lifetime, the modern day gold rush some say.

@Lenders When you say “they still sell their positions (not physical)”, I’m talking about CBs buying (and holding, not trading) physical gold. If you’re talking derivatives, well then I don’t have any knowledge of that. But the buying of physical gold will almost certainly continue in emerging market countries and especially the BRICS. No one can say for certain what happens in the future, but since the motivations of these CBs to buy gold have nothing to do with its price, it only follows that a 20% increase in price will have little impact on the CBs continued desire to accumulate physical gold.

www.dw.com/...

@gohabsgo70 There is a theory that with gold moving from the west to the east, the west (London) is losing the power to suppressively control the price of gold that they’ve enjoyed all these years. Shanghai is now becoming the power where the price of gold is set. And that is the reason for the recent run-up in gold prices.

@Downtown10 I disagree. You are welcome to prove me wrong. Please show me where you will find that Central Banks continue to purchase at any level, especially right now. You are mostly correct for the reasons "why" Central Banks purchase Gold, but they still sell their positions (not physical) like other banks to then repurchase at lower levels to increase and better their Gold positions. Rotations are not necessarily "short-term". Similar to hedge funds, it is like moving a tanker. Central Banks and large funds cannot move in and out of markets the way small speculators, traders, and investors can. I'm happy to locate the article recently published by Bloomberg stating that Central Banks will not continue to purchase at these levels.

@gohabsgo70 You really mean from 2,200 to 2,400.00. Gold was ranging around 2,200, until traders stepped on the gas at the end of March (likely because of a rotation from indexes, which are now selling off). Central Banks are not necessarily "selling." They are just decreasing their spend. Central Banks will continue to likely purchase, but no where near the the amount at these levels. Even without net outflows, there are still inflows, just the net is negative. No one really knows the "why" for the Gold run. Most articles before two weeks ago were attributing the run up because of the June rate cuts, but that has proven to be false. Articles also keep mentioned the possibility of Central Bank buying but the only article I saw that showed "actual data," showed that Central Bank purchases were down, not up. Similarly, the theory of Middle East tension, but Gold has been selling off, especially last Friday before the proposed Iran attach. Gold has even been going up with the USD increasing. This means something else is at play in the Gold market.

Once the run up at the end of March began Gold was and is likely getting pushed up by Gold "traders," not "investors." Unlike the indexes now, Gold was a great area for traders to push ATHs. Indexes clearly were exhausted. This is also why currencies are in play. You will likely see Long plays for the Yen and Swiss Franc soon and Gasoline being shorted.

@Lenders “But I think you may see some Central Bank selling to capture some profits so that the banks can then use these funds to purchase more Gold at better levels re: dip buying.”

Central banks don’t buy gold with the idea of trading it for a profit, like your average investor or institutional fund might. They don’t have to report profits to investors. CBs only buy if they see it’s in their national interest to accumulate gold for the long haul. They decide on a multi-year plan to accumulate gold and continually buy, and as they do they are price agnostic. The goal is not to accumulate gold for maximum profit, it’s to accumulate a large cache of gold in order to diversify away from riskier holdings, like Treasuries, and end up with a stronger (& safer) holding for the surplus dollars they accumulate through trade. They are not going to alter their multi-year plans just because gold goes up a few hundred dollars, and they certainly aren’t going to rotate back and forth between bonds and gold over short periods of time to attempt to maximize profit. Their goals are long term political, not short term profit driven.

@Lenders If central banks are selling and gold etf's have outflows, how did gold go from 2000 to 2400 in 2 months? The logic makes zero sense.

@Alpha With Bitcoin Sorry, but doesn't the price action prove that Bitcoin is nothing but an ultra high beta speculative risk asset ... ? Gold has decoupled from real rates and the MSM just can't wrap their heads around why :-) (given the run-up, the catch-up trade is gold miners, GDX, traditionally 3x levered to price of gold)

@Lenders Where have you read that central banks are decreasing purchases ... ? All signs and even the MSM admit that central banks are net buyers. Makes sense, given we've weaponized the USD as a reserve asset.

@gohabsgo70 Ok. You keep saying all these banks/china/Middle East are not only buying, but increasing their purchases, not decreasing. Please share your data. Not an article that is saying they are buying, but actual data showing their net monthly purchases that are increasing. ETF net inflow/outflow can be accessed. I will look for the data I just reviewed showing net purchases are decreasing, not increasing, and post.

@Lenders ETFs are losing gold on this run.
Central Banks are buying.
Middle East is buying
China is buying.
Its the opposite of momentum buying as gold is being sold off in the West.

@Miners to the Moon lol. Some of us actually read what the Banks are doing rather than just have a flat bullish bias. It's apparent, especially from your name, that you clearly have a bias on Miners rather than staying market neutral in the direction of the market. Let me guess, just because Citi comes out and says $3,000.00 you are all over it - and Miners are going to the Moon. Of course Citi and Goldman are going to come out and adjust their targets (just like all the banks did for the year end target for S&P). That's what banks do when prices actually go up higher than their current targets...lol.

Thank you. Didn't miss it. Rode it up, and now ready to ride it down for the correction/pullback. I know it's strange, right, but markets go up and down (not just up). You can keep your Miners, I will sit at the adult table and trade Gold in the futures market.

You keep going long. I will keep a market neutral approach, whether that is bullish, bearish, or pullback, then to go higher.

@Safety Dance Omg, Barrick. Shiva the Destroyer of Capital. Share price lower than 30 years ago. Not proud that I do still own some.

Thumbs up on Lockheed but a little more upside potential would be nice.

Gold is money. It’s an alternative currency for you to hold to offset risk of holding dollars. Just as inflation has eroded purchasing power by 20%, gold has now calculated that in and is up 20%. Dollars are for dummies

@Lenders - did you ask the Chinese?

Sorry you’re missing the Great Gold Bull.

@BlueTower5000 - aren’t you glad you’re a contrarian? Eventually, we’ll be selling to those who are late to the party . . . so we welcome them!

How many of these analysts were this bullish two months ago before the $400 rally?

Buy Physical Gold not Paper Gold like Miners. Miners are still seeing rising Costs.

@jemcoop I didn’t clarify. The rise in gold makes me bearish equities….but the VIX looks great as well.