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Gold futures hit >$2700

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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Re: Gold futures hit >$2700

Postby pmbug » Wed Oct 30, 2024 12:30 pm

Gold funds posted ~$3 billion of inflows last week, the second largest on record.

This is more than TRIPLE the average amount seen over the last few weeks.

Massive inflows fueled gold prices which have rallied 33% year-to-date and are on track for their best year since 1979.

As a result, gold is currently trading with new record high market cap of $18.4 trillion.

All while central bank gold reserves as a % of the total currency reserves reached 12.1%, the most in over 3 decades.

Everyone is piling into gold.


https://x.com/KobeissiLetter/status/1850978874521170001
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You can find me ranting at clouds on pmbug.com.
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Re: Gold futures hit >$2700

Postby 68Camaro » Wed Oct 30, 2024 2:52 pm

Yep, crossed 2800 a couple of times, and dollar still over 104. Still looking for a close over 2800 in spot. Don't think it'll be long. Come on silver!
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
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Re: Gold futures hit >$2700

Postby 68Camaro » Mon Nov 04, 2024 12:28 pm

SInce this thread is (to some extent) about Gold Futures, here is where the current market thinks gold is headed:

Gold (NYM $/ozt) Last Chg Open High Low Date/Time
Front Month $2,735.20 -3.40 $2,745.50 $2,756.00 $2,734.20 Nov 1, 2024 12:55 p.m.
Gold Nov 2024 $2,735.20 -3.40 $2,745.50 $2,756.00 $2,734.20 Nov 1, 2024 12:55 p.m.
Gold Dec 2024 $2,743.60 -5.60 $2,743.50 $2,757.50 $2,739.40 Nov 4, 2024 12:13 p.m.
Gold Jan 2025 $2,756.60 -5.00 $2,754.30 $2,767.10 $2,754.30 Nov 4, 2024 11:49 a.m.
Gold Feb 2025 $2,766.80 -7.10 $2,768.40 $2,782.00 $2,764.90 Nov 4, 2024 12:13 p.m.
Gold Apr 2025 $2,787.20 -7.30 $2,784.60 $2,802.40 $2,784.60 Nov 4, 2024 12:13 p.m.
Gold Jun 2025 $2,809.20 -6.50 $2,808.60 $2,822.00 $2,807.40 Nov 4, 2024 12:11 p.m.
Gold Aug 2025 $2,830.40 -3.90 $2,828.10 $2,837.80 $2,827.90 Nov 4, 2024 11:46 a.m.
Gold Oct 2025 $2,850.50 -3.20 $2,850.50 $2,850.50 $2,850.50 Nov 4, 2024 3:05 a.m.
Gold Dec 2025 $2,871.00 -2.00 $2,867.30 $2,880.20 $2,867.30 Nov 4, 2024 11:43 a.m.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Gold futures hit >$2700

Postby 68Camaro » Wed Dec 11, 2024 7:54 pm

Took awhile to break back through the election noise, but spot is back well over 2700.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Gold futures hit >$2700

Postby Cu Penny Hoarder » Thu Dec 12, 2024 8:15 am

68Camaro wrote:Took awhile to break back through the election noise, but spot is back well over 2700.


But the myopic crypto crazies don't care/want it. Either does Trump for that matter.
Time is precious, stop wasting it.
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Re: Gold futures hit >$2700

Postby thecrazyone » Thu Dec 12, 2024 9:12 am

I'll take what ever gold anyone wants to give up LOL
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