Gold Coming Down To Earth ?

gold coming down to earth? no.

just a correction? yes, sort of.

currency down? yes, definitely.

gold going higher? yes, silver, too, eventually. just wait. hodl.

I've been telling people for years that the currency is losing value, worth less and less every year (worthless; but that's fiat for you). bankers, 'investors', stackers and coin collectors understand.

I'm past the point of trying to get people (ie, friends/family) to understand. I read about this 20+ years ago. now I'm seeing it play out. that's all that matters to me. it's one reason why I ride around picking coins off the ground every night.

Until sovereign governments stop buying tons of gold, the price will stay high. And it really can't come down unless they start selling.

Yeah I agree. And I don't see them stopping any time soon. The markets and the Geo-Political situation is just to unstable and will probably get worse.

Started at $3,334.54 today and ended at $3,317.89. I don't have a lot of faith in seeing sub-$3,000 gold any time soon. I'm gloomy on the matter.

Thoughts ?

Well it was just $3,270 which is lower then Ive seen it in over a week. No doubt over good tariff news as China continues to relax the tariffs on stuff they need. I know we can't talk politics here but talking the markets I think the markets sniff headways with countries coming to terms with the new American trade reality whilst we are being practical as well.

I never doubted we'd come to terms with out Euro friends but if we can land India, China, Japan, and South Korea it will be a major win. Asia is where the future is economically. And if, and its a big if, we can prevent Iran from getting the bomb without having to blow the place up "which aint gonna happen" then we just might see $2,500 gold again. Sub $3,000 oz certainly, which puts it in my cross hairs.

Mind you were I rich I'd still be buying gobs of it but I'm not. Already my May budget is blown tho I'm always looking to pick off a good deal. Maybe I'm dreaming about sub $3,000 gold with these countries buying it by the ton weight but a girl can dream. It would be nice to be able to afford a few more 1 oz coins.

Probably going to close sub $3,280.

$3,218 right now as gold continues to plummet.

It was $3,204 earlier. One has to wonder if were heading to $3,000 gold ? Why its going down I have no idea as the world is FUBAR as ever. Unfortunately were not seeing this price drop in coin prices yet.

On the $GLD chart, I still think it has a gap to fill @ $293'ish level but would not have a problem buying now as IMO.... gold will continue to make ATH's this year. RSI has reset to roughly 50.