Which Way For Gold? Up? Down? More Of The Same?

Good question I wish I knew the answer. Personally think it will remain relatively flat until something major happens. Which I think will happen but when? And what.

We"ll know soon enough. Prices could get pinched even tighter in that wedge but looks like its going to break one way or the other.

i agree with that.

I'm one of those people who's been watching the daily price action of gold (and to a lesser degree silver) for quite a while. I'm happy to report that I haven't gone mad. I don't know how many other people (ccf members) do the same, but I've also noticed the tight range since april. gold has been basically rangebound between the $3400-$3200 marks, breaching below $3200 a couple times and above $3400 a couple times through may, and then tightening up between $3400-$3300, breaching below $3300 a few times and breaching above $3400 a few times, but the close this past week was a strong one, well over the $3400-mark. it's hard to know where it goes from here. it doesn't help that the markets aren't honest, which isn't really a reflection of the markets themselves, but of 'other drivers'.

gee, it'd be great to see my assets appreciate normally & freely, the way most people presume they would, or should, but of course that means bad news elsewhere.

...aaaand, I stop myself right there, lest I launch a rant. I don't want to rant.




yes.

at this point I wish the stupid thing (the dollar) would just die already.

and I'm glad someone else started this thread because I had been thinking about doing it myself.

"The dollar's not stable."
"No worries, we'll fix it with pretend money."
"No way that's safe."
"No worries, it's backed by dollars."
"Genius!"

What a world...

..and now gold is encroaching on $3,500. that was a nice run up the past few days.

Although the topic is gold, dont forget the rise of silver, today (9/2/2025)-$40.68 an oz!

This would be quite the validation for those of us who told the naysayers that it's a good idea to put part of your portfolio into precious metals only to get laughed at. I may have to circle back and remind them of what they said should this happen.

I'm always curious to know what others are thinking about this subject (gold and where it's going).

(Which Way For Gold? Up? Down? More Of The Same?), so whenever a post about gold (and/or silver) is made there tends to be a lot of discussion along similar lines... reserve currency, confiscation, industrial use, collector value, etc... still, the OP's question remains and is not overlooked.

a lot of people (not just here, but all around) have been talking about the current bull run, before the bull run began and it's future. with as little time as spot spent in the $3,400 range, are we witnessing the next leg up in the current bull run? or is this just a head fake and by friday gold is bumbling around back at $3,408?

so where is it going? up, down or sideways? for the last three days it's been up. since I'm playing the long game, I only presume that over time gold is going to continue upward, but I won't get into why beyond what's already been said.

over the years I've learned to not get too excited about the gains, though admittedly it's sometimes hard not to. when I first started getting into it, that's where my focus was: "gold is gonna make me some money". over time, my thoughts shifted to "gold is gonna preserve what I've earned", and I'm glad I learned that. gold isn't really making me money, it is holding the value of what I have already earned. before price inflation eats up everything I've earned I've exchanged as much of my failing dollars for gold as I could, and that gold is holding it's value-- as it should-- and I'm pretty happy about that, considering the costs of everything lately.

are we seeing the next leg up in the current bull run?

here's another question:

if a gold confiscation event emerges, how many of you are going to willingly give up your holdings? just curious. because I only see gold continuing to rise, even if it pauses a while or falls back and shuffles around range-bound for a while, I still see it rising. am I going to willingly give up my gold if a confiscation event emerges? that would be a big NOPE.

gold continues to rise.