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

I am going to go out on a limb and say no, but it will not be going down either. When it comes to reaching 4K, you all might liken it to horseshoes or hand grenades (close counts).

Sounds plausible.

Gold briefly topped $3900/oz this morning before falling back down a bit. Interesting times, to be sure!

And, once again, gold has peeked its head above $3900 this morning. I don't expect it to stay up there for long, but we'll see...

I'm sitting here looking at the gold price chart.

(by the way, before I keep going with my thought, a question: what is the better/best price chart to look at when looking at gold (and silver) prices? I'm just looking for who has the most reliably accurate price charts. what site's charts do our ccf members examine? I've been watching the charts on GoldPrice.org)

always interesting to watch the final hour or two on a friday. gold is noodling around the $3,888-mark. will it stay around there, or will it bust upward through $3,900 to close, or will it get slapped down to $3,850ish again, as has happened two or three times this week?



edit after 5pm:

i see it parked for the weekend generally where it was earlier. gold heads & chart observers can take the weekend off.

I like this charting service. I am not a subscriber, just a freeloader.

It is easy to toggle between 5day to 20 year charts. I have added short term and medium term oscillators below the main chart.

The symbol for spot gold is "GCY00".

https://www.barchart.com/futures/qu...dyheight=100

i enjoy reading everyone's posts, especially as it pertains to gold, because I know very little. there are many ccf members who are much more savvy re: the markets than i. I have almost no friends anymore and they aren't into coins/PMs. I'm sure both of those people get tired of me constantly yammering about what gold is doing. I get enough camaraderie here to get me by. I tend to babble, so I try to limit posting. dunno 'bout you, but I can stay in bed all day and do nothing but read about coins & PMs on ccf, not to mention looking at all the pictures.

i like silver, too, but I intentionally keep only a certain amount, for various reasons, and I can only have just so much gold, primarily because of the cost of it and what I can afford. I got in at a good time and have been fortunate enough to make some good purchases, like those three 2016 gold centennial commemoratives... man, am I glad I acquired those. it's almost unbelievable what they are selling for now.



see that? I got to babbling and lost the point I was getting to...

well, maybe it'll come back to me later.

i wouldn't be surprised to see a correction, but I think gold has much farther to go before it tops.

i have a chunk of gold in my head, too. I have a gold crown on my #3 molar, but I lack a wedding band, which is fine because I don't do jewelry anymore; I'm too thin. if I start adding serious jewelry it throws me off balance. having the gold crown in my head is bad enough, I'm constantly listing to port and veering off course.

if gold keeps rising, i'll be looking to go after the $1 gold coins needed for my type album instead of acquiring/stacking bullion. I've seen other ccf members post similar thoughts.