I think Tier 1 on the 1st July with Basel 3

First 133262 Last

Share
Profile

Follow
Kenny Powers

7,664 Posts.

52

22/06/25

17:11

Post #: 79522225
Share

Originally posted by cha: ↑

interesting history

US invaded Iraq in 2003. US stayed there until 2011 when it withdrew
gold rose from 2002/2003 to 2011 then fell

I started on gold when it broke $400 early 2000s and seemed a slow and painful journey at times

since gold broke through 2000 level in 2024 it has spiked and spiked some more
parabolic is the word i would use

will it continue here is the question i ask myself
will all stocks get hammered first including the goldies

then we have the history of the 1979/80 oil crisis and gold spike. now that was a spike and gold then fell for 20 years
i really did not expect it again in my lifetime
interesting to me is that oil is spiking here (and with good reason) but gold has fallen in the short term
I have never felt as unsure about gold as i do just here
i have no answers and some big questions.
I can kinda see a roadmap unfolding
US Fed is one driver and rates not dropped last week. I expect the inflation data as it unfolds will be a big driver for gold
rates will drop and gold will recover

other big driver has been the treasuries led by china. china stopped buying gold for 3 months last year and gold fell
does anyone know who is still buying. we do get data end of month so will be interesting
i expect gold to definitely regain its lustre this year but for me it is a question of when
I am just not so sure about gold in the short term

happy to be wrong and my posts are for my own benefit
dont get me wrong. there is a lot of good info on here but i find the w....s get so hung up on their own perspectives and being right.
i know my limitations.

one of my friends on here posted weeks ago that gold is now a tier one asset for the world banks. another support for gold

we also have the brics using gold almost as currency

so yes gold for long term for me but it needs to regain its momentum first
as always i would love a cleansing hammer. we had it on oil on 7 april and look at it flying now. i expect the analysts knew then how it would unfold.
i expect gold to do the same but will see the next little period

Expand

I think Tier 1 on the 1st July with Basel 3
2 Upvote

Reply

Top Stories

Markets were expecting Trump to bomb Iran. It's just another new normal

Uranium ignites: Is this the start of a supercycle?

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

SFX

Sheffield Resources spruiks 'pleasing' maiden MRE at South Atlantic Project

ASX Market Close: Middle East War rattles investors | June 23, 2025

First 133262 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

I think Tier 1 on the 1st July with Basel 3

Top Stories

Markets were expecting Trump to bomb Iran. It's just another new normal

Uranium ignites: Is this the start of a supercycle?

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Sheffield Resources spruiks 'pleasing' maiden MRE at South Atlantic Project

ASX Market Close: Middle East War rattles investors | June 23, 2025

Featured News