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Featured1606 Corp. Signs LOI to Be Acquired by Private Group Seeking to Enter the Public Markets and Utilize AI Technologies for Potential Uplisting

surfer44 10 minutes ago

It's not about love him or hate him. It's about making $.

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surfer44 13 minutes ago

How Does Trump's Support for Crypto Align with His Previous Criticisms of Bitcoin?

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surfer44 15 minutes ago

Shorts are licking their chops. As everyone can see. An easy lay up.

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trunkmonk 17 minutes ago

doubt it, he aint around anymore as far as i can figure.

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surfer44 29 minutes ago

Trump is buying a Tesla. A look at the harsh things he's had to say about EVs over the years

WILL WEISSERT
Tue, March 11, 2025 at 10:42 AM PDT 4 min read

WASHINGTON (AP) — President Donald Trump, who's buying a Tesla to show loyalty to company CEO Elon Musk, has had plenty to say about electric vehicles over the years. Most of it is not good.

Of course, Trump was once a sharp critic of Musk, too, which is especially notable given how tight the pair are now.

A look at some of Trump's comments on EVs — and Musk:

Trump includes electric cars in a sour Christmas message

Trump marked Christmas 2023 with a social media post lumping “All Electric Car Lunacy” in with a number of political enemies that he said “are looking to destroy our once great USA. MAY THEY ROT IN HELL.”

A few weeks earlier, during a rally in Ankeny, Iowa, Trump said of EVs: “They don’t go far. They cost a fortune.” He also suggested that the U.S. military was looking at making “Army tanks all electric” and scoffing, “you’re in the middle of the desert and you say, ‘You know what, we’re running low on electric. Do they have a charger around anywhere?’”

In November 2023, at a Claremont, New Hampshire, rally, Trump similarly picked up on distance being an electric vehicle issue: “You can’t get out of New Hampshire in an electric car.”

“Where are you going? ‘I’m going to Massachusetts.’ Well, you better get yourself a gas turbine because this car is not going to get you there," he said. “Well, you could, if you stop about four times.”

That followed his joke during an event in Clive, Iowa, the previous month: "Electric cars are good if you have a towing company."

Trump bashes Biden's electric car ‘Hoax’

Electric vehicles were an especially attractive Trump target during the six-week United Auto Workers strike in September 2023. That's when he told a rally in Clinton Township, Michigan, “You go all electric so you can drive for 15 minutes before you have to get a charge.”

Trump, a Republican, also posted on his social media site that then-President Joe Biden, a Democrat, sold autoworkers "down the river with his ridiculous all Electric Car Hoax." He suggested that promoting electric vehicles “was the idea of the Radical Left Fascists, Marxists, & Communists" and that "Within 3 years, all of these cars will be made in China.”

Trump has also praised EVs at times

As on many top issues, Trump has been inconsistent on electric vehicles. During his first term, in September 2020, Trump cheered an all-electric Lordstown Motors Endurance truck at an event outside the White House, calling it an “incredible vehicle.”

After Musk endorsed the former president's bid to return to the White House, Trump began suggesting that electric vehicles could work for some buyers.

“I’m for electric cars. I have to be because Elon endorsed me very strongly," Trump said during an August rally in Atlanta.

In a subsequent conversation on X, the social media platform Musk also owns, Trump called Tesla a “great product” while noting, “That doesn’t mean everybody should have an electric car.”

During his inaugural address, Trump promised, “We will revoke the electric vehicle mandate, saving our auto industry," but he also said that Americans will "be able to buy the car of your choice.” While there was no Biden mandate to force the purchase of EVs, his policies were aimed at encouraging Americans to buy them and car companies to shift from gas-powered vehicles to electric cars.

Trump has previously pilloried Musk, too

Just like he had a change of heart about EVs, Trump has changed his tune about Musk, who's now one of his advisers. When the pair got into an online feud in 2022, Trump ridiculed Musk for seeking support during his first term.

“When Elon Musk came to the White House asking me for help on all of his many subsidized projects, whether it’s electric cars that don’t drive long enough, driverless cars that crash, or rocketships to nowhere, without which subsidies he’d be worthless, and telling me how he was a big Trump fan and Republican, I could have said, ‘drop to your knees and beg,’ and he would have done it,” Trump wrote then.

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surfer44 36 minutes ago

Btw I like the inventor of gold.

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surfer44 39 minutes ago

So is Satoshi going to be the first trillionaire?

From Wikipedia, the free encyclopedia
Satoshi Nakamoto

A statue in Budapest dedicated to Satoshi Nakamoto

Known for Inventing bitcoin, implementing the first blockchain

Scientific career

Fields Digital currencies, computer science, cryptography

Satoshi Nakamoto is the name used by the presumed pseudonymous[1][2][3][4] person or persons who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation.[5] As part of the implementation, Nakamoto also devised the first blockchain database.[6] Nakamoto was active in the development of bitcoin until December 2010.[7]

There has been widespread speculation about Nakamoto's true identity, with various people posited as the person or persons behind the name. Though Nakamoto's name is Japanese, and inscribed as a man living in Japan,[8] most of the speculation has involved software and cryptography experts in the United States or Europe.

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trunkmonk 2 hours ago

what even more alarming to the financial structure of the world, the BTC pundits think BTC is the next reserve currency, next gold, in reallity its the next world depression if dummies rely on a coin that has no intrinsic value, is controlled by a very few, and can collapse in a heart beat if just one person decides to unload their coins. and will eventually end up in fewer and fewer hands like the Hunt Brothers. Mikey Saylor says he will buy it all up if he could, which means he would be the one who controls it all. what a dumb idea. they really have no clue what real money is, they play with 1s and 0s as if its a good thing, EMP would and could wipe out countries whole supply of coins, cold wallets wont survive either. there is no ledger like in banks that retain what you had. imagine forgetting your family fortune in an instant at the onset of dementia, everything on a USB drive not accessible. what a messed up generation there is. sure they have their place, if its a working utility doing something, even better backed by gold

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fink 2 hours ago

I'm blown away by the number of people I meet that have no clue about gold/silver. Their wedding band is as far as they go.

I'm thinking a gold back domestic currency.
A crypto backed block chain thingy to replace the BIS for instant international transactions settlements.,

At some point we will need to integrate with the BRICKS nations currencies.

The entire system must be stable and boring.
World peace will break out then. LOL

Shorts are going to burn.
I can see Trump putting the writting on the wall, Fort Knox is going to be cracked open like an egg. Get yo chit in order.

What is sitting in the Vatican Bank? Thst fascinates me. A chit ton of USAID, catholic charities, NGO and Epstein created accounts loaded with our tax $$$$$. I'm Catholic, but I want those doors kicked in and every American owned accounts audited.

We need to get back to this.

That's $31.25 today.

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trunkmonk 9 hours ago

They are all running scared, even to the point of extreme violence, May God care for Jamie White. No one can stop Gold journey to 33k.

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NYBob 2 days ago

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DiscoverGold 3 days ago

Gold CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
By: Hedgopia | March 8, 2025

• Following futures positions of non-commercials are as of March 4, 2025.

Gold: Currently net long 243.3k, down 18.4k.

Last week, after rallying for eight weeks in a row – since it ticked $2,608 on December 30th – gold dropped 3.6 percent. This week, the uptrend continued, as the metal added 2.3 percent to $2,914/ounce, which is well under the all-time high of $2,974 from the 24th last month. Sellers showed up at the highs as gold bugs struggled at $2,960s-70s for several sessions.

For now, gold could go either way – toward its record high or toward $2,800, which it broke out of on January 30th.

Read Full Story »»»

DiscoverGold

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surfer44 3 days ago

Don't trust the media. Or should I say trust but verify. Investments included.

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DiscoverGold 3 days ago

$Gold - Going back to December 2023 it has made intermediate term highs every 23-24 weeks...
By: CyclesFan | March 8, 2025

• $Gold - Going back to December 2023 it has made intermediate term highs every 23-24 weeks. I assume the current cycle will be shorter than the last one and will last only 22 weeks, so the next top will occur in early April. It remains to be seen if it reaches 3000 by then.

Read Full Story »»»

DiscoverGold

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DiscoverGold 3 days ago

NY Gold Futures »» Weekly Summary Analysis
By: Marty Armstrong | March 8, 2025

NY Gold Futures closed today at 29141 and is trading up about 10% for the year from last year's settlement of 26410. Caution is required for this market is starting to suggest it may now decline on the MONTHLY level. As of now, this market has been rising for 2 months going into March reflecting that this has been only still, a bullish reactionary trend.

ECONOMIC CONFIDENCE MODEL CORRELATION

Here in NY Gold Futures, we do find that this particular market has correlated with our Economic Confidence Model in the past. The Last turning point on the ECM cycle low to line up with this market was 2022 and 2015. The Last turning point on the ECM cycle high to line up with this market was 2024 and 2020 and 2011 and 1996.

MARKET OVERVIEW
NEAR-TERM OUTLOOK

The NY Gold Futures has continued to make new historical highs over the course of the rally from 2015 moving into 2025. However, this last portion of the rally has taken place over 10 years from the last important low formed during 2015. We have elected four Bullish Reversals to date.

This market remains in a positive position on the weekly to yearly levels of our indicating models. Pay attention to the Monthly level for any serious change in long-term trend ahead.

From a perspective using the indicating ranges on the Daily level in the NY Gold Futures, this market remains moderately bullish currently with underlying support beginning at 28961 and overhead resistance forming above at 29398. The market is trading closer to the support level at this time.

On the weekly level, the last important high was established the week of February 24th at 29740, which was up 15 weeks from the low made back during the week of November 11th. Afterwards, the market bounced for 15 weeks reaching a high during the week of February 24th at 29740. Since that high, we have been generally trading down to sideways for the past week, which has been a sharp move of 3.621% in a reactionary type decline. Nonetheless, the market still has not penetrated that previous low of 25415 as it has fallen back reaching only 28663 which still remains 12.77% above the former low.

When we look deeply into the underlying tone of this immediate market, we see it is currently still in a semi neutral posture despite declining from the previous high at 29740 made 1 week ago. Still, this market is within our trading envelope which spans between 23793 and 31883. The broader perspective, this current rally into the week of February 24th has exceeded the previous high of 27613 made back during the week of December 9th. This immediate decline has thus far held the previous low formed at 25415 made the week of November 11th. Only a break of that low would signal a technical reversal of fortune and of course we must watch the Bearish Reversals. Right now, the market is neutral on our weekly Momentum Models warning we have overhead resistance forming and support in the general vacinity of 28799. Additional support is to be found at 27320. Looking at this from a wider perspective, this market has been trading up for the past 5 weeks overall.

INTERMEDIATE-TERM OUTLOOK

YEARLY MOMENTUM MODEL INDICATOR

Our Momentum Models are rising at this time with the previous low made 2023 while the last high formed on 2024. However, this market has rallied in price with the last cyclical high formed on 2024 warning that this market remains strong at this time on a correlation perspective as it has moved higher with the Momentum Model.

Interestingly, the NY Gold Futures has been in a bullish phase for the past 16 months since the low established back in October 2023.

Critical support still underlies this market at 25400 and a break of that level on a monthly closing basis would warn that a sustainable decline ahead becomes possible. Immediately, the market is trading within last month's trading range in a neutral position.

DiscoverGold

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trunkmonk 3 days ago

Here is my best reference for investing and life, the enemy or the hate filled are everywhere.
1Blessed be the Lord my Rock,
Who trains my hands for war,
And my fingers for battle—
2My lovingkindness and my fortress,
My high tower and my deliverer,
My shield and the One in whom I take refuge,
Who subdues my people under me.
3Lord, what is man, that You take knowledge of him?
Or the son of man, that You are mindful of him?
4Man is like a breath;
His days are like a passing shadow.
5Bow down Your heavens, O Lord, and come down;
Touch the mountains, and they shall smoke.
6Flash forth lightning and scatter them;
Shoot out Your arrows and destroy them.
7Stretch out Your hand from above;
Rescue me and deliver me out of great waters,
From the hand of foreigners,
8Whose mouth speaks lying words,
And whose right hand is a right hand of falsehood.
9I will sing a new song to You, O God;
On a harp of ten strings I will sing praises to You,
10The One who gives salvation to kings,
Who delivers David His servant
From the deadly sword.
11Rescue me and deliver me from the hand of foreigners,
Whose mouth speaks lying words,
And whose right hand is a right hand of falsehood—
12That our sons may be as plants grown up in their youth;
That our daughters may be as pillars,
Sculptured in palace style;
13That our barns may be full,
Supplying all kinds of produce;
That our sheep may bring forth thousands
And ten thousands in our fields;
14That our oxen may be well laden;
That there be no breaking in or going out;
That there be no outcry in our streets.
15Happy are the people who are in such a state;
Happy are the people whose God is the Lord!

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surfer44 3 days ago

I will too. A good point of reference. Thanks.

using that data for years in calculations for true value

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trunkmonk 3 days ago

Ive been using that data for years in calculations for true value vs the mess Biden admin did to the world

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surfer44 4 days ago

Interesting estimate.

According to recent estimates, the total value of all the gold ever mined in the world is currently around $20 trillion. This is based on the current gold price and the estimated total amount of gold mined, which is approximately 212,582 metric tons.

Key points to remember:

Source:
The World Gold Council provides the most reliable data regarding the total gold stock.

Price fluctuation:
The exact value can vary significantly depending on the current gold price per ounce.

Total gold mined:
Estimates suggest around 212,582 metric tons of gold have been mined globally.

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DiscoverGold 4 days ago

Gold Stalled at Resistance – Bearish Continuation Ahead?
By: Bruce Powers | March 7, 2025

• Gold tested $2,930 resistance but failed to break higher, increasing the risk of a bearish continuation toward key support at $2,833 and then $2,810.

Gold continued to show strength on Friday as it further consolidated and tested resistance around 78.6% retracement area at $2,930. There is a tight four-day consolidation range starting from Tuesday’s low of $2,882 and rising to today’s high of $2,930. Following another test of resistance at the 78.6% retracement, gold is on track to end Friday’s session in a relatively weak position, in the lower half of the day’s trading range and below the 20-Day MA, now at $2,911.

Today may be the first daily close below the 20-Day line since it was reclaimed four days ago. And it will follow a failed attempt to break out to a new high for the trend earlier in the session. Failed breakouts can lead to sharp moves in the opposite direction.

Another Leg Down Anticipated

Another leg down in gold has been anticipated given last week’s bearish reversal following a new record high of $2,956. The week ended with a weekly bearish engulfing pattern as gold fell below support of the prior two weeks and it ended the week in a bearish position, in the lower third of the week’s trading range. Furthermore, a breakdown of a rising trendline and 20-Day MA triggered, thereby further confirming weakness. There has been only one leg down from the $2,956 record high today and a minimum of two legs down is common for a bearish retracement.

Successful Test of Resistance

This week’s advance tested prior support of the trendline as resistance, and resistance was seen around the line. The 20-Day line is the other trend indicator that was tested as resistance, but it failed as resistance because gold rose above the 20-Day MA and traded above it for four days. Nonetheless, taken together, gold may have completed its counter trend rally to test prior support as resistance. Once that happens, the chance for a bearish continuation improves.

Inside Week Provides Key Price Levels

An inside week is established for this week, leaving two key price levels to be considered. The low for the week was $2,855 and the high is $2,930. A decisive move through either price level may determine the next direction. Although the technical evidence is more on the bearish side, a sustained rally above this week’s high would require a realignment of views and would open the possibility of a bullish continuation of the trend in the near term. On the downside, the next lower target for gold if the recent swing low at $2,833 fails to retain support, is a range around $2,813 to $2,810, consisting of the 38.2% Fibonacci retracement and the initial target for a falling ABCD pattern, respectively.

Read Full Story »»»

DiscoverGold

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surfer44 4 days ago

Powell says Fed marking time to see economic impact of Trump policies

U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing in Washington · Reuters
Fri, March 7, 2025 at 10:23 AM PST

(Reuters) -The U.S. central bank will be in no rush to cut interest rates while it waits for more clarity on how the policies of the new Trump administration affect the economy, Federal Reserve Chair Jerome Powell said at an economic forum in New York City on Friday.

Powell spoke at a volatile time, with stock markets and bond yields both declining in the wake of President Donald Trump's whipsaw announcements of steep import tariffs on major trading partners Mexico and Canada, followed by delays in implementing them. Trump has also doubled tariffs on imports from China.

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surfer44 4 days ago

AMERICA’S UNSUSTAINABLE NATIONAL DEBT

Reverse the Curse: U.S. House Budget Resolution (FY24-FY33)America’s fiscal house is not in order.

We must continue to sound the alarm to make the public aware of how bad things have gotten:

• The current $33 trillion debt has surpassed the size of the economy, which is the largest in the
world.

• The nation’s debt-to-GDP ratio is at its highest level since World War II.

• Over the next 10 years, the non-partisan Congressional Budget Office (CBO) projects annual
deficits will double, interest payments on the debt will triple, and half of every dollar we borrow
will go to debt interest payments.

• Within five years, interest payments on the debt will exceed the national defense budget.

•In 30 years, CBO estimates show the U.S. will have $120 trillion in unfunded liabilities.

• Medicare’s Hospital Insurance Trust Fund will be insolvent by 2031 and the Social Security Trust
Fund will dry up by 2033.

• Autopilot, mandatory spending amounts to 70 percent of the government's spending and is
projected to hit 90 percent over the next 10 years.

These problems are not exclusive to one political party or the other,
they are an American problem that
will require bipartisan solutions. .

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trunkmonk 4 days ago

BRICS is going to push Commercial banks to have 40% of their capital reserves backed by Gold, that is where the real value of Gold will shine, not the US. US is still way behind the rest of the world in financial reset of debt and reserves. We dont even know how much we have, China knows every oz they have.

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surfer44 4 days ago

A 10% allocation to gold isn't a bad idea. imo

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surfer44 4 days ago

Five Reasons Why Gold Remains the Ultimate Safe Haven Asset

In times of economic uncertainty, investors seek refuge in assets that offer stability, protection against inflation, and a safe harbour during times of market crisis and uncertainty. Gold, with its enduring appeal and historical significance, has consistently held the title of the ultimate safe haven asset. In this article, we delve into the five compelling reasons why gold continues to shine as the go-to choice for those looking to safeguard their wealth and weather the storms of the financial world. From its role in providing economic stability to its ability to act as a hedge against inflation, gold has proven its worth as a resilient and trusted asset.

Reason 1: Economic Stability
In the unpredictable world of finance, where market fluctuations and economic crises can strike without warning, gold has long been a symbol of stability and financial security.

Gold serves as a reliable store of wealth, consistently maintaining its value throughout history. Unlike paper currencies, which can lose value due to inflation or economic turmoil, gold’s intrinsic worth endures. This resilience isn’t a recent phenomenon as gold has consistently weathered countless economic storms throughout the years. For instance, during the recession in 2008, as stock markets plunged, gold surged in value and investors turned to gold as a safe haven, recognising its ability to retain value when other assets falter.

It is because of this that trust in gold persists during these turbulent times. Whether it’s geopolitical tensions or currency devaluations, investors turn to gold for stability, a timeless resource they can rely on.

Reason 2: Inflation Protection
In the ever-changing landscape of finance, where the eroding effects of inflation can quietly erode the purchasing power of money, gold stands as a steadfast guardian against this monetary threat.

Gold is a proven hedge against inflation as it is said to preserve the real value of assets when other prices rise. This is because, unlike traditional fiat currencies, whose value can diminish as central banks print more money, gold’s worth remains resilient. Throughout history, it is often said that gold has shielded investors from the erosive impacts of inflation and today, in times when the cost of living escalates, gold’s intrinsic value tends to shine even brighter, providing a tangible and enduring asset against the dwindling worth of fiat paper money.

Reason 3: Diversification Benefits
In the intricate world of investments, diversification is a powerful strategy to mitigate risk and gold’s unique characteristics make it an invaluable asset for diversifying investment portfolios.

Gold offers diversification benefits due to its low correlation with other assets, such as stocks, shares and bonds. When the values of traditional investments fluctuate, gold often moves in the opposite direction, providing a balancing effect that can help reduce overall portfolio risk and reduce the effect on your portfolio as a whole.

The ability to offset losses in one asset class with gains in another is a fundamental principle of diversification. Gold’s historical tendency to perform well during times of economic uncertainty and market volatility makes it an attractive choice for investors looking to spread risk and maintain a stable, resilient portfolio.

Reason 4: Crisis Resilience
In times of global turmoil and financial crisis, gold stands as an enduring symbol of resilience and strength. Throughout history, gold has consistently demonstrated its ability to withstand crises and when geopolitical tensions escalate or financial markets become turbulent, investors often seek refuge in gold as a safe haven. This is because its value tends to surge during these periods, serving as a protective shield for wealth.

The outbreak of COVID-19 and the resulting impact on the financial markets provides a vivid example. As stock markets plummeted and economies and stock markets teetered on the brink, gold’s value surged. Investors recognised its ability to retain value and sought refuge in this timeless asset. This resilience is not a newfound trait; it’s an inherent quality that has served investors for centuries and in a world where uncertainty looms large, gold still remains a steadfast and reliable resource.

Reason 5: Global Demand
Gold’s enduring allure as a safe-haven asset is further bolstered by its global demand and diverse uses. As a precious metal with intrinsic value, gold enjoys a consistent demand worldwide as it serves not only as an investment but also finds extensive use in various industries, from electronics to dentistry, further enhancing its desirability.

The investment demand for gold remains robust as investors worldwide recognise its role in preserving wealth and often choose to include it in their portfolios. Additionally, the emergence of digital assets, like The Royal Mint’s DigiGold, has expanded accessibility and convenience for those looking to invest in this precious metal. One of the key benefits of gold is the ease of liquidation when you need to do so. Many companies, including The Royal Mint, offer a ‘buy back’ service where investors can sell their gold, silver or platinum at competitive live-market prices.

The diverse demand for gold, coupled with its status as a timeless investment, reinforces its position as the ultimate safe-haven asset. Whether sought after for its aesthetic appeal, industrial utility or investment potential, gold’s universal demand highlights its importance in today’s ever-changing financial landscape.

Conclusion
In a world where financial landscapes regularly shift, gold remains an unwavering symbol of stability and resilience. Although this brief article explores the five key reasons, there are many other factors which impact gold and make it clear why gold holds the esteemed title of the ultimate safe-haven asset.

In an ever-changing financial landscape, gold’s intrinsic value and versatility continue to make it a preferred choice for those seeking stability and protection for their wealth. Whether considered for its historical significance, its role as a hedge, or its ability to enhance portfolio resilience, gold remains a trusted and timeless asset. As the world evolves, gold remains the steadfast anchor for those navigating the uncertain seas of finance, providing reassurance and strength in an ever-changing world.

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surfer44 4 days ago

What is meant by bond vigilante?

WHO EXACTLY ARE BOND VIGILANTES? The term, coined in the 1980s, refers to debt investors who seek to impose fiscal discipline on governments they perceive as profligate by raising their borrowing costs. It can also apply to monetary policy.

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surfer44 4 days ago

Warren Buffett has said that interest rates are a key factor in determining the value of assets, and that predicting interest rates is difficult.

Explanation

Buffett has said that "interest rates are to asset prices like gravity is to the apple".

He has also said that "the value of every business, the value of a farm, the value of an apartment, the value of any economic asset is 100% sensitive to interest rates".

Buffett has said that he doesn't like to predict interest rates because it's impossible to know what they will be in the future.

He has said that low interest rates make investments more valuable, and that high interest rates make them less valuable.

Example

For example, when interest rates are low, investors may be more likely to invest in riskier assets, which can increase stock prices.

When interest rates are high, investments may be less appealing, which can slow down investments overall.

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surfer44 4 days ago

Higher interest rates changed the game. Big time. Wringing out the speculation.

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trunkmonk 4 days ago

FYI the 10yr and 3mo are now at a point showing recession, gold already has wind of it, upward pressure, BTC crypto freaks saying they have Gold so we dont need gold, some downward pressure on real money, and yes dollar doom is a biggie too.

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surfer44 4 days ago

In my mind there are always battles. Regionally and globally. The dollar vs gold vs crypto vs interest rates. We shall see.

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trunkmonk 4 days ago

A Pro said a couple years ago, cant remember who was, gold would have big swings before it blasts off after backwardation happens. he was early, have not seen it, but he said swings of 100 would be the signs before repricing/finding true value or revaluation.

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trunkmonk 4 days ago

they are not yet aligned, BTC thinks it gold, gold knows it real money, gold is going to support crypto in the near future. Gold must be a part of strategic reserve, in that any crypto in it can trade it for gold, it is the ONLY way to prevent its collapse in lack of intrinsic value. Tokens like HBAR, XRP, XLM will rise to the top and mimic gold silver and other metals in value. the finance world need denominations to work, I have said this many times and it is the only way it can work, or actually be reserve currency/fiat mover

gold volatility is crazy today, a lot of volume for some reason I have not dug in to find out why....anyone?

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DiscoverGold 5 days ago

Gold Holds Near Highs but Faces Potential Bearish Reversal
By: Bruce Powers | March 6, 2025

• After a strong rally, gold is testing key resistance, and a break below $2,891 could signal a deeper correction toward the $2,810–$2,813 support zone.

Gold continued to show strength on Thursday as it further consolidated near this week’s highs. On Tuesday a new high of $2,930 was reached for the current short-term rally. It followed a bullish reversal from support and a swing low at $2,833 (B) established last Friday. In addition, the closing price of the past two days was above the 20-Day MA, now at $2,909, and it looks like the same may happen today.

At the time of this writing, gold is trading in the top half of the day’s trading range, and it looks like it may end the day in a similar position. Also, a lower daily high and lower daily low will be established today, unless the week’s high at $2,930 is reclaimed before the end of the trading session.

Advance Completed a 78.6% Retracement

The completion of a 78.6% retracement was reached this week, and it was followed by a one-day bearish reversal signal today. This improves the chance that gold may see at least another leg down in the correction before it is through. There has only been one leg down so far, that ended at $2,833. Although the 20-Day line, which was previously dynamic support, was broken to the downside last Thursday, it followed the breakdown of another trending indicator, an uptrend line.

During the current advance the 20-Day line failed as resistance. However, the rising trendline shows a successful test of resistance around the trendline, which previously marked dynamic support. Might the trendline be tested again as resistance. Certainly, if there is an advance above this week’s high the trendline is a key area to watch for resistance.

Bearish Continuation Will Target $2,813

A bearish continuation of the one-day reversal signal will be indicated on a drop below today’s low of $2,891, as it triggers a bearish continuation. That will put gold in a position to test the next lower target zone, which is around the 38.2% Fibonacci retracement at $2,813. The 38.2% retracement level is joined by the initial target for a falling ABCD pattern (purple) or zig zag pattern, at $2,810.

Since there are two indicators marking a similar price target ($2,813 to $2,810), it becomes more likely to be reached and show signs of support. A deeper bearish retracement following a new trend high in gold, should better prepare to continue to advance if a new high is triggered again. In the short-term the bull trend had gotten extended and due for a rest.

Read Full Story »»»

DiscoverGold

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fink 5 days ago

Golds already over $3k
Do you ever buy it?

Anything under an oz is way over $3k
I don't know many that consistently buys 1 oz at a time.

If you can even buy a few 1/10 of bullion coins, it's been $3150 for Biden's entire term.

If I had $12k month to buy, it would be silver due to the ratio.
https://sdbullion.com/?gclid=EAIaIQobChMI9dSQ4N3o-QIVCDizAB1AqgZEEAAYASAAEgL8pfD_BwE

The best I can find is ugly beat to hell pre 1933 90% gold coins. Those can get very close to spot if you are aware of the melt values. I always go for the mangled hole drilled coins no one wants. I got a box full of em.

Gold has only one way to go.

👍️0

NYBob 6 days ago

Brien Lundin: Gold's Ultimate Move Still to Come, Get Positioned Now
Investing News
47.4K subscribers

https://www.youtube.com/watch?v=lW7Bl0p6EdA

Charlie Ward SHOCKING 3.5.25 - The Major Shock That's Coming > This is UNBELIEVABLE

https://rumble.com/v6q69oa-charlie-ward-shocking-3.5.25-the-major-shock-thats-coming-this-is-unbelieva.html?e9s=src_v1_ucp

Dome Mines Limited a Canadian mining company that existed from 1910 to 1987.

Is CEO Tony Makuch) to Restart Dome by purchase of Newmont Porcupine,
which includes the Dome Mine and some adjacent properties.

Dome Mine has been the largest gold producer in Canada and in North America.

Pelangio Exploration Inc's - Dome West property on the border to Dome Mine -

Discovery Silver (ceo Tony Makuch) is finalizing its purchase of Newmont Porcupine,
which includes the Dome Mine and some adjacent properties.

There is talk of rebooting Goldcorp's proposed Century Project, which involves
expanding the Dome open pit to mine beneath the Dome Mill, or underground mining -.
The most plausible location for a new mill would be Dome West property,
which is a .5 square km parcel 800 m from the Dome mill, and .5 km from
the Paymaster mine, which Discovery Silver will own 35%.

Pelangio owns Dome West. Tony Makuch is an advisor to the board of Pelangio.

Believe in coincidence?

$10,000 Gold Still On The Horizon Despite Volatility
March 01, 2025

$10,000 gold is still on the horizon despite volatility.

https://kingworldnews.com/10000-gold-still-on-the-horizon-despite-volatility/

Pelangio Exploration Inc. - Exhibitor Booth No 2237 -
https://pelangio.com/
Booth No.2237
Exhibitor Type: Investors Exchange
Booth No. 2237

https://pdac.ca/convention-2025/exhibits-2025/exhibitor-directory-2025/pelangio-exploration-inc-2025

PELANGIO EXPLORATION INC.- OBUASI MINE - ANGLO - IS ONE OF THE
RICHEST GOLD MINES IN THE WORLD -
IMO!

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175015670

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174399334

Still for pennies bargain?....

https://pelangio.com/projects/ghana/obuasi/

Trump LIVE: Trump on Missing Gold Reserves At Fort Knox; Elon Musk's DOGE to Inspect | CPAC
MIRROR NOW
1.45M subscribers

https://www.youtube.com/watch?v=wrXONpUOQVY

🚨 Trump Orders FBI to Investigate Bill Gates for 'Blitzing America With Toxic Chemtrails'

You’ve seen them - those eerie, geometric streaks crisscrossing the sky, unnaturally precise, a phenomenon dismissed by the mainstream media in their relentless gaslighting of humanity.… pic.twitter.com/JcUeEzA19N— TPV Sean (@tpvsean) February 26, 2025

Paul Craig Roberts – WHOSE GOLD, IF ANYONE’S, IS IN FT. KNOX

https://kingworldnews.com/paul-craig-roberts-whose-gold-if-anyones-is-in-ft-knox/

👍️0

JPetroInc 6 days ago

DJT's "STOOPID" tariffs nightmare

which have already started becoming enforced - starting today...

will push gold well north of $3,000/oz soon - and will continue well into 2025

mark this post...!

AJMHO

👍️ 1 💥 1 😬 1

DiscoverGold 6 days ago

Gold Rebounds but Bearish Retracement May Resume Below $2,894
By: Bruce Powers | March 5, 2025

• After reclaiming the 20-Day MA, gold tested resistance at $2,930. A drop below $2,894 could confirm a continued bearish retracement.

Gold again tested resistance around the 78.6% retracement at $2,930 level on Wednesday with the day’s high of $2,930. The day’s high was slightly above Tuesday’s high of $2,928, and it followed a drop to support at $2,894 earlier in the trading session. Therefore, gold is set to complete the day with a higher daily high and higher low for the third day in a row. Also, the daily closing price may be at a high closing price for the bounce. Although these are short-term bullish indications, where they are occurring within the large pattern may have significance.

Bounce to Test Prior Support as Resistance

Following a new record high of $2,956 last week, gold pulled back below prior weekly lows and triggered a breakdown of a rising trendline and the 20-Day MA. Support was subsequently seen at a pullback low of $2,833 last Friday. The following rally was a three-day advance to Wednesday’s high of $2,930. However, the advance is likely a counter-trend rally to test previous support areas, unless there are clear additional bullish signs starting with a sustained advance above the record high of $2,956.

The 20-Day MA was tested as resistance yesterday and it failed as the line was reclaimed, reflecting short-term strength. Moreover, the close today is set to be above the 20-Day line. This is why multiple indicators are considered when analyzing a market.

Weakness Below $2,894 May Signal Bearish Reversal

The behavior of gold following last week’s breakdown is typical in the early stages of a bearish retracement. Key support levels are broken and eventually an upswing follows support, to some degree, to test prior support as resistance. Once that happens the decline may be ready to continue. An uptrend line and 20-Day MA previously marked dynamic support for the advance that followed an interim swing low in mid-December.

As noted above, resistance was not seen on a test of the 20-Day MA. However, it has been seen around resistance of the trendline. Certainly, gold could go a little higher and test the line. But if there is a drop below today’s low of $2,894 the counter-trend rally may be about to come to an end and a second leg down from the record high might have begun.

Next Lower Support Target Around $2,820

A declining ABCD pattern has been added to the chart assuming today’s high is a swing high. If it is not, the “C” point of the pattern would be adjusted accordingly. It points to an initial lower target at $2,820. That level is joined by the 38.2% Fibonacci retracement level at $2,813. Together, they provide additional evidence for a likely test of the $2,820 to $2,813 support zone if the bearish retracement continues.

Read Full Story »»»

DiscoverGold

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DiscoverGold 7 days ago

Gold Counter-Trend Rally Hits Key Resistance – What’s Next?
By: Bruce Powers | March 4, 2025

• Gold’s rally to $2,928 tested key resistance but remains corrective. A bearish breakdown suggests another decline is likely unless prices reclaim key trend levels.

Gold continued its counter-trend rally to a high of $2,928 on Tuesday, thereby completing a 78.6% retracement and a successful test of resistance around a rising trendline. There was a breakdown of both the trendline and 20-Day MA last week. This week’s advance is to test prior support areas as resistance. Once resistance is seen, the bearish may be ready to resume.

Just based on basis price structure, there has only been one leg down from the $2,956 record high hit last week. Given the accompanying bearish indications noted above, plus a weekly reversal candle from last week, it seems likely that there will be at least one more decline before the correction is over. One more leg down should be a minimum, given the price history for gold.

Test of Resistance May be Complete

Since today’s high was marked by two indicators, it might be the top for the counter-trend rally. It is also a five-day high. Short-term strength was seen in today’s advance as the 20-Day MA was reclaimed and the day’s session looks likely to close above the 20-Day line, which is at $2,903. Nonetheless, the larger bull trend breakdown pattern remains dominant.

Although gold could continue to rise and test higher dynamic resistance levels indicated by the trendline, unless there is a daily close above the trendline or a rally above the record high, it looks more likely to continue the bearish correction. However, that might not happen immediately.

Possible Inside Week This Week

Given last week’s relatively wide trading range, this week’s price range could complete the week contained within last week’s range. That would set up an inside week for next week. Therefore, in the daily time frame this week could see consolidation above last week’s low of $ 2,833 and below today’s high. Near-term support is at today’s low of $2,882 and yesterday’s low of $2,855.

50-Day Support is Key

The 50-Day MA, now at $2,781, is a key potential support level during a bearish correction. Notice that the line continues to rise and is close to converging with the prior trend high at $2,790. There has not yet been a test of support for the 50-Day line since it was reclaimed in early January. Therefore, it should indicate support if reached during the current bearish retracement.

Read Full Story »»»

DiscoverGold

👍️0

DiscoverGold 7 days ago

Gold in Countertrend Correction Phase
By: Jim Curry | March 2, 2025

With the action seen in recent weeks, Gold is in a confirmed downtrend with our 72-day cycle, a move which is anticipated to end up as countertrend - though it looks to have further to run. Stepping back, the bigger picture view for Gold is projected to remain bullish into the late-2025 to early-2026 window.

Gold, Short-Term

For the very short-term, the 10 and 20-day cycles are seen as heading lower for Gold, with the next smaller-degree trough expected to come from these waves - which are into bottoming range. Once this low is in place, we would expect to see a quick rally back to the 10 and 20-day moving averages:

Adding to the notes above, the next upward phase of the 10 and 20-day cycles could set up the right shoulder of a 'head & shoulder' pattern on the daily chart, before giving way to lower lows with our larger 72-day wave into the late-March to mid-April timeframe.

The 72-Day Cycle

As mentioned in my last article, the next peak of significance was due to materialize for Gold, coming from our bigger 72-day cycle, which is shown on the chart below:

The downward phase of this 72-day cycle was recently confirmed to be in force, and with that is seen as pushing south into the late-March to mid-April timeframe - as projected by the detrend that tracks this wave.

In terms of price, we noted in our Gold Wave Trader report that the ideal path was looking for a minimum drop back to the lower 72-day cycle band - which we came within earshot of hitting in Friday's session. Having said that, the more ideal path favors a drop back to the 72-day moving average or lower before this cycle bottoms, then to be on the lookout for its next trough to form.

In terms of patterns, the current correction phase of this 72-day cycle is favored to end up as countertrend, holding above its prior trough - which is the November, 2024 low of 2592.70 (April, 2025 contract). Once this wave bottoms out, its average rallies - when coming off a 'higher-low' - have been some 13-14%, thus giving us some idea of how its next upward phase could resolve.

The 310-Day Cycle

With the downward phase of our 72-day wave now in force, there is the potential for an extended peak to have formed with our bigger 310-day component, which is shown again on the chart below:

Supporting evidence for a potential extended 310-day cycle top in place is the recent divergence in our 310-day detrend indicator. If this cycle were to have peaked, then an eventual drop back to the 310-day moving average would be expected in the coming months.

Otherwise, the alternate path would favor a 72-day cycle low into the aforementioned late-March to early-April window, followed by a push back to new highs into May - before turning hard south again into mid-to-late June, where the 310-day detrend has readjusted its next projection for a bottom.

For the bigger picture, I still think the next mid-term buy for Gold will still come from a late-Spring, 2025 price trough. In terms of patterns, this correction is favored to end up as countertrend - either with the 72-day cycle, or the combination of 72 and 310-day cycles - before giving way to another sharp (13-20%) rally in the months to follow.

Gold Technical Signals

In terms of technical action, of key note comes from an indicator we track, called the Gold Timing Index, and which is shown on the following chart:

Of note is that, at the most recent new price high, our Gold Timing Index managed to form a decent divergence - a signal which has not been seen since the October, 2024 top for Gold. This is key, as a divergence between this indicator and price is a pattern normally seen near 72-day cycle (and/or 310-day) price peaks.

Going further with the above, a divergence between our Gold Timing Index and price can also appear at key lows, as it did last June - at the 72-day trough that formed there. This divergence is something that we will be watching closely in the coming weeks, should it develop, as it would be a strong signal that our next key bottom is forming. Stay tuned.

Read Full Story »»»

DiscoverGold

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DiscoverGold 1 week ago

Gold $GLD - $3000 Magnet is still pulling...
By: Sahara | March 4, 2025

• $GOLD $GLD - Latest

$3000 Magnet is still pulling...

Read Full Story »»»

DiscoverGold

👍️0

surfer44 1 week ago

Royal Flush vs Quad Aces

👍️0

trunkmonk 1 week ago

It’s getting ready to Rock. Exponentially vertical I’m thinking.

👍️ 1 ❤️ 1

NYBob 1 week ago

Dome Mines Limited was a Canadian mining company that existed from 1910 to 1987.

Is CEO Tony Makuch) to Restart Dome by purchase of Newmont Porcupine,
which includes the Dome Mine and some adjacent properties.

Dome Mine has been the largest gold producer in Canada and in North America.

Pelangio Exploration Inc's - Dome West property on the border to Dome Mine -

Discovery Silver (ceo Tony Makuch) is finalizing its purchase of Newmont Porcupine,
which includes the Dome Mine and some adjacent properties.

There is talk of rebooting Goldcorp's proposed Century Project, which involves
expanding the Dome open pit to mine beneath the Dome Mill, or underground mining -.
The most plausible location for a new mill would be Dome West property,
which is a .5 square km parcel 800 m from the Dome mill, and .5 km from
the Paymaster mine, which Discovery Silver will own 35%.

Pelangio owns Dome West. Tony Makuch is an advisor to the board of Pelangio.

Believe in coincidence?

$10,000 Gold Still On The Horizon Despite Volatility
March 01, 2025

$10,000 gold is still on the horizon despite volatility.

https://kingworldnews.com/10000-gold-still-on-the-horizon-despite-volatility/

Pelangio Exploration Inc. - Exhibitor Booth No 2237 -
https://pelangio.com/
Booth No.2237
Exhibitor Type: Investors Exchange
Booth No. 2237

https://pdac.ca/convention-2025/exhibits-2025/exhibitor-directory-2025/pelangio-exploration-inc-2025

PELANGIO EXPLORATION INC.- OBUASI MINE - ANGLO - IS ONE OF THE
RICHEST GOLD MINES IN THE WORLD -
IMO!

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175015670

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174399334

Still for pennies bargain?....

https://pelangio.com/projects/ghana/obuasi/

Trump LIVE: Trump on Missing Gold Reserves At Fort Knox; Elon Musk's DOGE to Inspect | CPAC
MIRROR NOW
1.45M subscribers

https://www.youtube.com/watch?v=wrXONpUOQVY

🚨 Trump Orders FBI to Investigate Bill Gates for 'Blitzing America With Toxic Chemtrails'

You’ve seen them - those eerie, geometric streaks crisscrossing the sky, unnaturally precise, a phenomenon dismissed by the mainstream media in their relentless gaslighting of humanity.… pic.twitter.com/JcUeEzA19N— TPV Sean (@tpvsean) February 26, 2025

Paul Craig Roberts – WHOSE GOLD, IF ANYONE’S, IS IN FT. KNOX

https://kingworldnews.com/paul-craig-roberts-whose-gold-if-anyones-is-in-ft-knox/

👍️ 2 😇 2 ❤️ 2

DiscoverGold 1 week ago

$Gold Monthly - Notice the negative divergence on the 14 month RSI...
By: CyclesFan | March 1, 2025

• $Gold monthly - Notice the negative divergence on the 14 month RSI. Despite the divergence I still expect gold to make higher highs in 2025 with potential targets being the 200% threshold from the 2015 low at 3138 and the 100% threshold from the 2022 low at 3230.

Read Full Story »»»

DiscoverGold

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DiscoverGold 1 week ago

Gold CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
By: Hedgopia | March 1, 2025

• Following futures positions of non-commercials are as of February 25, 2025.

Gold: Currently net long 261.6k, down 7k.

Gold bugs finally caught their breath. Gold dropped 3.6 percent this week to $2,848/ounce.

The metal had been rallying since it ticked $2,608 on December 30. Last week, it rallied 1.8 percent to $2,953/ounce; this was the eighth week in a row of positive weekly gains.

Concurrently, in five of eight sessions through last week, sellers showed up at $2,960s-70s. This continued in the first two sessions this week, with Monday tagging a fresh intraday all-time high of $2,974.

Ahead lies a crucial breakout retest at $2,800. After this, there is support at $2,750s, and $2,540s-50s and $2,440s-50s after that.

Read Full Story »»»

DiscoverGold

👍️0

surfer44 1 week ago

Gold vs. GDX: The Best Way to Play Gold Right Now

👍️0

surfer44 1 week ago

Gold is a great insurance policy.

🏦 1 👍️ 1

NYBob 1 week ago

👍️0

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