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Where is Gold heading?

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CanadianGoldHunter
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JOS WRSM
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Thu Feb 17, 2022 11:23 pm
WE WANT TO HEAR THIS, RIGHT?

Gold Price Prediction 2022 - 2025 - 2030
https://coinpriceforecast.com/gold

Silver Price Prediction 2022 - 2025 - 2030
https://coinpriceforecast.com/silver

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Fri Feb 18, 2022 4:35 pm
JOS WRSM wrote:WE WANT TO HEAR THIS, RIGHT?

Gold Price Prediction 2022 - 2025 - 2030
https://coinpriceforecast.com/gold

Silver Price Prediction 2022 - 2025 - 2030
https://coinpriceforecast.com/silver
I will have to wait until I have a minute before having a good look. 

But as always thank you.
mervs68
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Sat Feb 19, 2022 10:47 pm
Crystal Balls.
“Silver will start 2024 at $28.63, then soar! to $28.93 within the first six months of the year and finish 2024 at $29.70. That means +24% from today.” soared by 30 cents in six months
"Gold will start 2024 at $1,974, then soar to $1,976 within the first six months of the year" ... soared by$2!!
Anyone who thinks they can predict the exact prices and dates needs their head examined.
it is not based on technical analysis,  in fact it based on absolutely Nothing. Just pure fanciful quess work disquised naively, as professional forecasting. I doubt the author knows the meaning of   soar...a pseudo-forecast. Be interesting to hear the author's take on 'The Book of Revelation' 🤔

09/15/2021 – coinpriceforecast.com.
“Silver Price Prediction 2021-2022
“Silver price started in 2021 at $26.52. Today, Silver traded at $23.78, so the price decreased by -10% from the beginning of the year. The forecasted Silver price at the end of 2021 is $27.32 - and the year to year change +3%”. ....
*Silver closed 2021 @ $23.32 !!!  Pseudo-Forecast missed by 11% over three months timescale!!! . What does that tell you about their ability to forecast Years in advance.
https://www.usagold.com/daily-silver-price-history/

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Sun Feb 20, 2022 12:45 pm
Tells me that they are as good for predicting the futures of Metals as the weather man is at predicting the weather in the UK. 

Gosh, At least I remember the weatherman being right in America. But then again they had 24 hours to check. LOL 

Here it is down to a nano second. 

LOL

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ANT ORTA
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Mon Feb 28, 2022 7:09 am
My guess on gold $1,950 by next week and the high will hit $2,050 just. Giving wild guesses

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m&m prospecting
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Wed Mar 02, 2022 10:38 am
Hope it goes to 3000 they talked about it last year but I've also heard about 1600 as well so what do ya do

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mervs68
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Wed Mar 02, 2022 9:47 pm
I think - It will be volatile and unpredictable.. As per usual.

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ANT ORTA
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Wed Mar 02, 2022 10:19 pm
Merv. Give a prediction any guess will work 👍🏽

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mervs68
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Wed Mar 02, 2022 10:39 pm
OK, in the very short-term (1-2 weeks) I think it will Drop. Volume, surprisingly has not increased dramatically the last few weeks, in fact volume since last summer has been seriously low key. Present volume is similar to 2016-17 levels and is roughly half of what it was from spring 2019 - spring 2020 when Gold turned very positive. The 'smart money' seems uninterested - that's not a good sign.
Technical indicators longer-term look more positive. But there is a lot of 'noise' around and little proper 'signal'. There is no real trend evident, so it is not a market that gives a good clear entry point and I wouldn't trade it. Gold could go ballistic or Gold could fall spectacularly. But since you forced me, I think very short term it will Drop. But I emphasise, DYOR, some indicators positive, some more negative, to me I sit on the sidelines. 60/40 Drop 😁👌  (I will only buy/trade Gold again, when it has returned to the bottom of a 20 year trendline @£1000/$1400. And proved and retested it. It may not do so and I may not be around to know if it ever did) 🤔😒

"Gold fetishism has had its day".???
https://www.ft.com/content/1de156dc-e4aa-4afb-accf-69c62193cbc6

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mervs68
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Thu Mar 03, 2022 9:43 pm
‘China almost certainly owns a lot more gold than anyone else – including the USA. But how much? And why does it need so much gold? ‘- Money week.
https://moneyweek.com/investments/commodities/gold/603131/how-much-gold-does-china-own
“For now they follow Deng Xiaoping's doctrine of “we must not shine too brightly.” Its declared 1,948 tonnes is, perhaps, the bare minimum it could declare and look credible. But a mere 3% of China’s forex reserves in gold? Pull the other one.

If China decides to weaponise money, as the US has done, all it has to do is declare its gold holdings, perhaps even partially back the yuan with them. Talk was, at one stage, its central bank digital currency (CBDC) would be partially gold backed.
Unbacked Western money risks losing a great deal of its purchasing power in such an event. To back Western fiat even partially with gold would mean a dramatic upwards revaluation of gold – into the tens of thousands.

But that is the card China now has with its 20 years of relentless accumulation. He who owns the gold, makes the rules.”

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ANT ORTA
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Fri Mar 04, 2022 9:09 am
Awesome bro lots valuable information 👍🏽Like a Star @ heaven

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Fri Mar 04, 2022 11:50 am
just having a look today whilst doing research, and in USD terms it is nearly at the $2000 mark. 
So it is going up as is Silver, but will it maintain its status by the end of the day? who knows. It could be a dump before the weekend by China to help with funds. But I highly doubt that. 
China seems to be focusing on the Olympics and staying in the spotlight at the minute for obvious reasons in a Good way. 

But any other time I would say it Gold would plummet, and China would have sold plenty.

But it is interesting times.

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mervs68
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Wed Mar 09, 2022 8:44 pm
"No, This Isn't WW3. Not If You Believe the Gold Market"

.... "Meantime, selling among existing users has jumped very sharply, outweighing the jump in demand and leading client holdings overall to shrink by more than 1/3rd of a tonne in February, equal to 0.8% of the 47 tonnes owned between them...... Among gold-backed ETF investment trusts, the trend has been a little firmer, but only a little....

Data compiled by the mining industry's World Gold Council says February saw the sector expand by just 1.0%......and with global jewellery demand of course sinking in the face of gold prices rising near (or above) record highs, there will be a lot of physical supply building up at dealers and bullion banks everywhere, working to offset the impact on prices of that new investment demand....

So who then is actually driving the price higher overall?  Step forward the usual suspects"....
Extract of a Very informative article.
https://www.bullionvault.com/gold-news/gold-war-030920222

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Thu Mar 10, 2022 8:22 pm
Hi @ANT ORTA  
I’ve got to congratulate you. You said on Feb 28th when Gold was about $1908 that:
“My guess on gold $1,950 by next week and the high will hit $2,050 just. Giving wild guesses”.
You were spot on, Gold did hit $1950 and the highest level it reached was $2070 on  March 8th before retracing to present level around @$2000. Good prediction. Well done.
Mine was: in short term Gold would fall, so far I’m wrong.🙄

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Fri Mar 11, 2022 2:21 pm
I think it will be extremely hard to predict, with the world crisis financially and with the current situation with Russia, The markets could be suppressed. It would be really easy for Russia to offload the Gold and Palladium at high prices to balance their books.

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m&m prospecting
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Wed Mar 30, 2022 1:42 pm
Gold is hard to follow for sure
m&m prospecting
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Tue Apr 26, 2022 6:58 pm
Gold has been steady around 1930 for a bit let's see what's next

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