Today's Gold Price

[Madison320]

I'm tempted to sell some gold and buy oil.

Edit: Just sold a bunch of gold and gold stocks. First time I ever did that. I'm going to wait for them to restart QE before I buy again.

I'm going to buy some silver and oil stuff.

 

[oyarde]

I'm tempted to sell some gold and buy oil.

Edit: Just sold a bunch of gold and gold stocks. First time I ever did that. I'm going to wait for them to restart QE before I buy again.

I'm going to buy some silver and oil stuff.

id guess best case scenario for oil is up 15 percent in a yr .but that would be based on an outlook of strong growth. I think gold will avg 5 percent or more ea yr ea decade for next two minimum with minimal risk.

 

[Madison320]

id guess best case scenario for oil is up 15 percent in a yr .but that would be based on an outlook of strong growth. I think gold will avg 5 percent or more ea yr ea decade for next two minimum with minimal risk.

I'm using the ratio of gold/fed balance sheet which is closer to a historical normal than it's been since the start of qe in 2009.

But long term I totally agree.

 

[mrsat_98]

$ 3401

 

[pmbug]

$ 3401

DXY dropping like a stone and China (SFE/SGE) buying like crazy last night.

 

[Madison320]

id guess best case scenario for oil is up 15 percent in a yr .but that would be based on an outlook of strong growth. I think gold will avg 5 percent or more ea yr ea decade for next two minimum with minimal risk.

Has silver and oil ever been this low compared to gold? I'm guessing it's never been this unbalanced in history.

 

[acptulsa]

Has silver and oil ever been this low compared to gold?

 

[Madison320]

I checked end of 2020 and gold=1895 silver=26 ratio of 72.

Now gold=3436 silver=32 ratio of 107!

Didn't have time to check oil but it's probably even higher.

 

[oyarde]

Has silver and oil ever been this low compared to gold? I'm guessing it's never been this unbalanced in history.

silver underperformance is reaching legendary status right now. So , no . Gold may reach 3440 tonight

 

[oyarde]

3438

 

[mrsat_98]

https://www.barrons.com/livecoverage/stock-market-today-042225/card/gold-futures-break-above-3-500-an-ounce-for-first-time-on-fed-concerns-sKYosusvF4anS6zzC70Z

 

[oyarde]

silv - gold ratio went over 106 for a bit last night

 

[Madison320]

Oil down to $58. That's crazy. It should be like $300 based on the increase in the money supply over the last decade plus. Plus war is threatening to break out in the middle east.

 

[mrsat_98]

3316 this morning

 

[pmbug]

 

[oyarde]

3339.7 today. Im guessing five more percent yet to come

 

[oyarde]

3431.8 today , dropped back to 3375 , Danke mustve sold some

 

[mrsat_98]

3,378.38

+88.60
+2.69%

 

[mrsat_98]

3400

 

[acptulsa]

Silver's on pace to hit 36, too.