Hey all anyone else in a gold buy today ? Looks like it’s going to 2715
In profit if I pull this trade off will be over 500 pips just short of my 600 pip record
Best of luck with this one. If there has been any time in the past decade where this is more likely than today I cannot identify when. I hold gold long term and have been selling slowly since $1,800 in Oct2023. It is tempting to accelerate the amount to sell, but my longer term “shoulder parrot” has kicked in many a time and said “slowly does it”. When tax liabilities become material, it is yet another factor to err on the side of caution. At the extreme, gold would need to exceed $20,000 an ounce to do a “1980s rebalancing of fiat debt”. I don’t think it will get that extreme, but I still think gold is undervalued, and I think silver is very very undervalued in the long term order of things. But there could be no limits to market manipulation when you can print fiat with impunity.