The gold thread

[d5000]

Yes, but it was a crash that affected all markets.

But gold fell more than most other markets (including Bitcoin). The reason is of course that the gold market overheated much more than other markets, except silver and platinum which overheated even more (and crashed 10-15% today, it seems). And that's my main point here: Gold/metals FOMO and panic obeys the same rules than Bitcoin FOMO. It's simple mass psychology.

I'd say that much depends if gold can hold the $5000 level. It briefly dipped below today but that doesn't matter, but if it dips below $4900 or so for several days, then the rally might be over for now, or at least suffer a setback like some months ago when it stalled around $4000 and needed help from Trump to see new ATHs.

Silver is dipping below 100$ right now again. And I think the metal markets could be influencing each other.

[mindrust]

Gold and silver are taking quite a beating at the moment. Silver is down 25% (trading at 85 usd) and gold is down 8.6% (trading at 4900 usd) today. It is quite shocking to see this much volatility on those commodities. It feels like early crypto days and you know what? I liked it a lot. If this keeps happening more often, I am quite afraid we might lose crypto degenerate gamblers to commodities... Binance already has gold/silver trading on their platform If I am not mistaken anyway.

[philipma1957]

crazy silver 120 to 72 to 85 in around 24 hours time.

some true nut jobs playing with silver.

[STT]

DXY is up a bit but not enough to justify the sell.  Whats strange to me is that there is a carrier group approaching Iran and some possibility for turbulence at best yet gold sells.
   The main clue that gives me is that this is a paper dynamics, the price was overblown and packed with speculators who want to cash out and buy a Ferrari or whatever rich people do.  They can always buy it next week next month and probably will at some point pick this trade back up, within 2026 I think.

Silver might take a bit longer depending on how its industrial supply and demand goes but gold is a bit more virtual and security based not company order book as much.

[Free Market Capitalist]

And that's my main point here: Gold/metals FOMO and panic obeys the same rules than Bitcoin FOMO. It's simple mass psychology.

We agree on that, the volatility of Bitcoin seems that has shifted to precious metals, and if they have risen significantly, it is normal that they are now experiencing major corrections. The case of silver has been scandalous, but the greater the rise, the greater the fall. For me, the main question is whether we are experiencing the beginning of a change in trend or whether this is just a temporary phenomenon, something that none of us can be sure about, we can only observe what is happening. 

Gold and silver are taking quite a beating at the moment. Silver is down 25% (trading at 85 usd) and gold is down 8.6% (trading at 4900 usd) today. It is quite shocking to see this much volatility on those commodities. It feels like early crypto days and you know what? I liked it a lot. If this keeps happening more often, I am quite afraid we might lose crypto degenerate gamblers to commodities... Binance already has gold/silver trading on their platform If I am not mistaken anyway.

crazy silver 120 to 72 to 85 in around 24 hours time.

some true nut jobs playing with silver.

As we just mentioned, several of us agree on this point. It seems that pure speculation has shifted to precious metals, and this is most noticeable in silver, which, having a lower price and market cap than gold, is more susceptible to these ups and downs.

Let's not forget an important issue that I don't see mentioned much, which is Tether buying gold as if it were a central bank, and its tokenized gold product, Tether Gold.

This is direct competition for Bitcoin. I'm not saying it's the end of the world or that it's much better than Bitcoin, because I don't actually have or plan to buy that token, but in these times of FOMO for precious metals and rather boring Bitcoin prices, we must bear in mind that the returns in the early years of Bitcoin came when gold prices were boring, and when digital natives didn't have a crypto product exposed to gold as they do now.

[Lida93]

crazy silver 120 to 72 to 85 in around 24 hours time.

some true nut jobs playing with silver.

A sharp dump it is, which for me was expected, although wasn't certain as when, because the price of silver was actually on at overbought range making price correction inevitable at any time.

A pity for those who have recent out of FOMO bought just around the ATH. I read somewhere that some investors were targeting around $200 per ounce. I anticipating a bitcoin pump hence.

[STT]

I think Silver over the long term can still exceed 100 for future sales but what will happen in a healthy way is distribution of that gained value.  It cant be all just in one commodity but also some will go towards the energy expended to mine such a resource, the development and research done in products using such silver.  That much would be a positive overall in an economy.

Same thing applies to Bitcoin when its gaining in 10k chunks and people feel its positive but rapid price changes are volatility and certain businesses will suffer from a vastly altered price, it creates resistance and cost in their business.  Whenever BTC starts going sideways I always say its something of a positive for many who must make plans around a price.

   Dollar made some gains and some say well its from a FED chair in prospect who is more sensible then some feared, this is speculation but we can be sure of further declines every year to common FIAT currency and a need to find value elsewhere.

[Free Market Capitalist]

Ok so time to update the thread.

Gold is up almost 8% for the past month.



Whereas Bitcoin is down almost 15%.



That's a 23% spread.

I think the price of gold looks set to continue hitting highs this year, while Bitcoin looks like it hasn't seen the lows for the year yet.

[Doll2233]

Ok so time to update the thread.

Gold is up almost 8% for the past month.

Gold is not dominant in the market due to different purposes as there is instability in the market and all countries are not buying gold and they want to sell their Bitcoin but at that time it is not possible due to War because Iran is in trouble and they are forcing different countries to stop this war and if there will be no stop of War then petrol prices will go up more. Millions of people are interested to buy Bitcoin and they can buy at that time because at that time Bitcoin price is good to buy and when trump will give statement about cryptocurrency and acceptances then it's will be high in the market and people will face no lose in the market. Early investors can earn huge amount of money at that time if they have zero knowledge about that

[bubilas]

If there is geopolitical confusion in the world, then investors are invested in gold. Naturally, this must be done before the crowd has done everything as well. We need to stay ahead of the market, which of course everyone is trying to do.
And now it's so risky that for the first time in almost 30 years, foreign central banks own more gold than U.S. Treasury bonds.
I'm guessing that the fact that the Chinese are dumping dollars and hoarding gold also played a role here. They have huge amounts of capital there.

[Free Market Capitalist]

Since we've finished the first quarter, instead of providing a month-over-month comparison, I'll give a quarter-over-quarter comparison.

Gold.



As we can see, gold experienced a sharp rise at the beginning of the year—which was actually a continuation of the upward trend it had been on—before entering a correction, which seems logical given profit-taking and the need for liquidity.



With Bitcoin, however, things remain the same. It fell at the start of the year, and the slight rise it saw at the beginning of the war in Iran has vanished. There is a nearly 30% difference in returns between the two assets.

[summonerrk]

Since we've finished the first quarter, instead of providing a month-over-month comparison, I'll give a quarter-over-quarter comparison.

The price of gold has fallen by about 13%, but the situation has not changed dramatically. For example, if you read the analysts, Goldman Sachs still sees support from central bank purchases and a potential decrease in interest rates, considering the recent decline to be somewhat excessive. However, in my opinion, gold still has room to fall in price after this crazy rally. In general, gold is in the same state of overbought as it was in 2011.
This was just before it entered a ten-year bear market. Therefore, it is really dangerous to buy now.

[abhiseshakana]

Since we've finished the first quarter, instead of providing a month-over-month comparison, I'll give a quarter-over-quarter comparison.

The price of gold has fallen by about 13%, but the situation has not changed dramatically. For example, if you read the analysts, Goldman Sachs still sees support from central bank purchases and a potential decrease in interest rates, considering the recent decline to be somewhat excessive. However, in my opinion, gold still has room to fall in price after this crazy rally. In general, gold is in the same state of overbought as it was in 2011.
This was just before it entered a ten-year bear market. Therefore, it is really dangerous to buy now.

Observing the situation at the meantime, fresh money difficult to get and interest rate make too expensive to borrow, seems world entering tight money era. Money stop spiining freely due to purchasing power decrease, followed by decrease on investment and market liquidity shrinks. Coupled with multipolarism , world economy become fragmented which caused structural inflation, central bank must keep high interest rate or simply said fragmentation bring inflation which force tight money. Previously global economic system fully integrated under USD centric, globalization and free trade slogan resounding throughout the world, nowdays, there are economy and supply chain block which strong national interest domination, i see it as the world become more chaotic and money flow tight, in these situation, many people seeking safety by buying gold as defensive aset but other also selling gold for liquidity purpose which cause gold price gold rises but not explosively. Bitcoin as ofensive asset need liquidity too increase, when money circulation is dry, it is hard for bitcoin to shine and we can see clearly, market prefer gold safety instead of bitcoin aggressiveness.