Thanks, fay! I hadn't looked at gold the past week+. Is this a top?? Or another place to buy?

                Gold $3000            

                            Started by joj - March 14, 2025, 5:49 a.m.    

        https://www.marketforum.com/forum/topic/110441/

https://tradingeconomics.com/commodity/gold

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3. 10 years

Obviously, the (brief) spike lower below 3000 yesterday was just another place to buy. Extremely volatile right now!!!

https://tradingeconomics.com/commodity/gold

Gold blew thru the old highs like they were nuthin!
Trump is good for gold. 

Gold adds premium and higher prices for global uncertainty and fear.
Trump is the master at creating uncertainty and the markets remain fearful of his next really bad economic decision.

Maybe much of the worst with China has already been dialed in?

We were amazed at gold soaring higher 16 months ago when it was breaking out above 2000!!

Now, we're breaking out above 3200!!!

                Gold                        

                37 responses |               

                Started by cutworm - Nov. 29, 2023, 8:14 p.m.   

https://www.marketforum.com/forum/topic/100943/

++++++++++++++

https://tradingeconomics.com/commodity/gold

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Why China Is Buying So Much Gold: The Real Strategy Behind Massive Reserves

https://vestrado.com/why-china-is-buying-so-much-gold-the-real-strategy-behind-massive-reserves/

China’s central bank gold reserves hit a record high, but Poland remains the biggest buyer

https://www.kitco.com/news/article/2025-04-07/chinas-central-bank-gold-reserves-hit-record-high-poland-remains-biggest

Yes, China’s buying gold, but there's another central bank to watch

https://www.kitco.com/news/article/2025-03-07/yes-chinas-buying-gold-theres-another-central-bank-watch

Why China is Buying So Much Gold Reserves

March 3, 2025

https://behindasia.co/why-china-is-buying-so-much-gold-reserves/

Gold Reserves by Country

https://www.gold.org/goldhub/data/gold-reserves-by-country

Crazy!!!!!!

https://tradingeconomics.com/commodity/gold

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3. 10 years-parabolic/exponential move

Still Bulls in control and can leads to 3455 and later 3515 from  where some correction possible  Silver needs to break Free too in MaY and LAter Oct 2025 

Thanks, fayq!

Uncharted territory, not just figuratively!

Navigating Uncharted Territory In Stock Markets: A Trader’s Guide

https://www.sharebazaar.com/trading/navigating-uncharted-territory-in-stock-markets/

Historical move continues! Several reasons, 1 big one being the fear of what will do next to create chaos. 

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2. 10 years

https://tradingeconomics.com/commodity/gold

3500=psychological (temporary) barrier?

Historical move for gold continues

https://tradingeconomics.com/commodity/gold

This hasn't been updated for this week yet.

COT Report: GOLD - COMMODITY EXCHANGE INC.

https://www.tradingster.com/cot/legacy-futures/088691#:~:text=COT%20Report%3A%20GOLD%20-%20COMMODITY%20EXCHANGE%20INC.%20Below,Friday%20%28except%20for%20U.S.%20holidays%29%20by%20the%20CFTC.

Gold is potentially putting in a huge downside reversal lower after 3500 held.

The market  is extremely unbalanced with long specs adding to positions so even temporary downside corrections could be vicious.

Mike is short and could be taking advantage of this.

Never mind on Mikes short.