Gold at $3960/oz and looking to cross the $4000 mark.
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Briefly crossed 4000….
Apparently, Goldman (haha) Sachs sees 4900 by the end of 2026.
Are folks getting nervous?
Probably. Dollar devaluation at that scale puts people holding lots of treasuries (or really anything denominated in USD) in a bad position.
The fact that this is not talked about much in the press is a tell-tale sign that it’s a serious problem.
Everybody knew this point would come - but everybody hoped they could kick the can down the road some more.
It’s still a long road. And the end of the road is still blurry. But it’s obvious that it’s ahead. In our lifetimes.
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Gold and Silver are both going bananas. Both with highly over-bought readings that continue to go higher.
Due to the shortage in London, there are reports that traders and air freighting silver bars at huge expense to London to meet deliveries.
Also silver futures flipped into backwardation.
I would guess a lot of the “people” buying are really central banks. They aren’t going to sell any time soon.
A market without sellers will continue to drive the price higher.
And be honest: if you would sell gold, what would you do with the money? Other than hold it, like Warren Buffet.
Everything else is - IMHO - even more overbought and overvalued. See the AI bubble crash thread…
There are still plenty of undervalued opportunities.
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Such as… 
Look around. Yahoo is part of the Yahoo family of brands.
Have you though about
wood https://investor.weyerhaeuser.com/
or cars https://www.ford.com/finance/investor-center?gnav=footer-finance
or drugs https://investors.pfizer.com/Investors/Overview/
or smoking Stock Ownership - Altria Group, Inc.
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did you re-enter later?
Yes. Sold on 17th, bought on 28th.
Gold price fell around 6% today to ca. $4,100 /oz
All the markets are unstable at the moment due to crazy Donnie
not a surprise given the crazy run up. the possibility of an end to the RU-UA war might also shift investors from fear to greed.
Definite profit taking going on. Hope it doesn’t escalate too far.
Sometimes I have stupid thoughts like big market players have handed all buying and selling decisions to AÌs and we are on a madcap ride to disaster
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Bullish forecast coming from the banksters who always got their gold forecast wrong.
They (or some of their rich clients) might have some to sell.