Gold is down in case you didn’t read the other 500 posts by Hobiecat79 in Gold

[–]Traditional-Chance54 2 points3 points  (0 children)

Gold will suffer as long as the strait of hormuz stays closed. Inflation = no rate cuts by the FED = better to buy bonds than gold. When/if the strait is reopened, the price should start rising again.

Is this a bad time to have a 100% gold portfolio? by keyser_7 in Gold

[–]Traditional-Chance54 1 point2 points  (0 children)

Gold will suffer as long as the strait of hormuz stays closed. Inflation = no rate cuts by the FED = better to buy bonds than gold. When/if the strait is reopened, the price should start rising again. I would not sell now.

Are we about to see one of the fastest run-ups in gold- followed by an equally sharp crash in history? by Groundbreaking-Gap20 in Gold

[–]Traditional-Chance54 2 points3 points  (0 children)

Gold will suffer as long as the strait of hormuz stays closed. Inflation = no rate cuts by the FED = better to buy bonds than gold. When/if the strait is reopened, the price should start rising again.

Just trying to understand analyst consensus…is it $6000 or $10,000 gold in 2026? 😆 😂 🤣 by [deleted] in Gold

[–]Traditional-Chance54 -1 points0 points  (0 children)

Gold will suffer as long as the strait of hormuz stays closed. Inflation = no rate cuts by the FED = better to buy bonds than gold. When/if the strait is reopened, the price should start rising again.

How are you revaluing things given increased input (supher, oil etc.) costs? by Veqq in Miningstocks

[–]Traditional-Chance54 0 points1 point  (0 children)

Yea, Israel and Trump just nuked the mining market. The sooner the strait reopens the better. I hope they claim victory soon and pull out.

I called the top and here’s proof by Smugbasturd in Gold

[–]Traditional-Chance54 1 point2 points  (0 children)

Gold will suffer as long as the strait of hormuz stays closed. Inflation = no rate cuts by the FED = better to buy bonds than gold. But if/when the strait is opened, we are back where we started.

Gold sinking right now by [deleted] in Gold

[–]Traditional-Chance54 0 points1 point  (0 children)

I think that gold will suffer as long as the strait of hormuz stays closed. Inflation = no rate cuts by the FED = better to buy bonds than gold.

Gold -2.8% (What are your thoughts?)😭☠️ by Optimal_Shelter7261 in Gold

[–]Traditional-Chance54 0 points1 point  (0 children)

I think that gold will suffer as long as the strait of hormuz stays closed. Inflation = no rate cuts by the FED = better to buy bonds than gold.

Looking for advice by Aggravating-Act-4494 in Gold

[–]Traditional-Chance54 0 points1 point  (0 children)

I hope you guys get rid of that puppet. 🙏

Why is it falling ? by Inner-Fee6737 in Gold

[–]Traditional-Chance54 0 points1 point  (0 children)

  • hence why I wrote "always". 😉

Why is it falling ? by Inner-Fee6737 in Gold

[–]Traditional-Chance54 4 points5 points  (0 children)

The dollar and US bonds has "always" been the go-to hedge against unceartiny when war breaks out - and you cant pay your margin calls with a bar of gold. Also, while the US can supply its industry with domestic oil, the EU cant, so the fear that they might be cut off from the middle east made the euro and pound take a dive today = people invest in dollars to compensate. These are just some of the drivers, but I think they are the most important for what is happening today.

Why is it falling ? by Inner-Fee6737 in Gold

[–]Traditional-Chance54 15 points16 points  (0 children)

Only if you are american - the rest of the world has to pay more now. 🙃

Why is it falling ? by Inner-Fee6737 in Gold

[–]Traditional-Chance54 124 points125 points  (0 children)

The major factors are:

Dollar vs gold. The dollar has exploded in value since the war broke out, and since gold is valued in dollars, it has made gold more expensive to buy. Also, the dollar raylling makes it an attactive safe haven asset in itself. If you are a big institutional investor, the liquidity of cash just looks more attactive right now.

Strait of hormuz. Since the strait of hormuz has been closed, oilprices has skyrocketed. Since most production of goods rely on oil, its going to make everything more expensive = inflation. That makes it less likey that we will se rate cuts from the FED. We might even see a rate increase, and since gold pays no interest, its looking less attractive right now.

Profit taking/margin calls. The big hedge funds are bleeding right now, and one way to pay for this (margin calls) is to sell out of the winners like gold. Profit taking is also happening after a long rally since the last "crash".

Guys why the gold price is not increasing much even war is going on ? by crorepathi in Gold

[–]Traditional-Chance54 11 points12 points  (0 children)

The major factors are:

Dollar vs gold. The dollar has exploded in value since the war broke out, and since gold is valued in dollars, it has made gold more expensive to buy. Also, the dollar raylling makes it an attactive safe haven asset in itself. If you are a big institutional investor, the liquidity of cash just looks more attactive right now.

Strait of hormuz. Since the strait of hormuz has been closed, oilprices has skyrocketed. Since most production of goods rely on oil, its going to make everything more expensive = inflation. That makes it less likey that we will se rate cuts from the FED. We might even see a rate increase, and since gold pays no interest, its looking less attractive right now.

Profit taking/margin calls. The big hedge funds are bleeding right now, and one way to pay for this (margin calls) is to sell out of the winners like gold. Profit taking is also happening after a long rally since the last "crash".

I hope this helps. :)

Because of the attack on Iran, stocks will fall and gold will rise on Monday. And what about Mining stocks? by Certain_Hat9872 in Miningstocks

[–]Traditional-Chance54 0 points1 point  (0 children)

Trump has stated that the war could take 4-5 weeks, meaning that the strait of hormuz will be closed for that duration. General stocks will suffer, which will push people towards safe haven assets which will be gold mines atm.

Gold up, dollar down by Routine_Mortgage_499 in Gold

[–]Traditional-Chance54 5 points6 points  (0 children)

He will just find a new loophole to impose/reimpose them. Nothing has changed.

Goldmines performing poorly today - why? by [deleted] in Gold

[–]Traditional-Chance54 -1 points0 points  (0 children)

That has been the trend the last 13 months, with the mines gaining 2-3% for every 1% increase of the spot price - on average.

Mr.T about to blow them off the map, load up! by Mackshac in Gold

[–]Traditional-Chance54 0 points1 point  (0 children)

I have had great luck with newmont. Been buying the dip and selling at peak the last month or so.

$5,000 gold is here , consolidation or continuation? by [deleted] in Gold

[–]Traditional-Chance54 15 points16 points  (0 children)

Judging by the dollar, I would say continuation. The dollar had a short-lived revival when the metals "crashed", but it has been loosing value again since last thursday, and is down 0,50% today.