For Thai's, Gold is something like a "piggybank". Most Thai's have some.Farangs connected to Thai's know this.

It is to say, that after a strong "correction", Gold seems to have found a (price) bottom.

In other words, this is probably not a good time to sell Gold.

Hard to say. We're not out of the woods yet. Yes, for now Gold looks bullish again. But we need to pass the 4500 mark to confirm a structural change which allows Gold to resume its full bullish journey.

Could still go down again. But hopefully it will go up now.

Much will depend on Trump and Iran making peace.

3 minutes ago, Cameroni said:

Hard to say. We're not out of the woods yet. Yes, for now Gold looks bullish again. But we need to pass the 4500 mark to confirm a structural change which allows Gold to resume its full bullish journey.

Could still go down again. But hopefully it will go up now.

Much will depend on Trump and Iran making peace.

Major factor: Will central banks keep buying Gold? Making for a price bottom. Relatively weak "retail demand" will have to increase to make a veritable (new) bull market.

1 hour ago, swissie said:

For Thai's, Gold is something like a "piggybank". Most Thai's have some.Farangs connected to Thai's know this.

It is to say, that after a strong "correction", Gold seems to have found a (price) bottom.

In other words, this is probably not a good time to sell Gold.

Still 50 % more than about 2 years ago.

11 hours ago, swissie said:

Major factor: Will central banks keep buying Gold? Making for a price bottom. Relatively weak "retail demand" will have to increase to make a veritable (new) bull market.

Yes, global central banks are actively and aggressively buying gold. Official sector demand reached a record $45 billion in the second quarter of 2026. Gold has officially overtaken the U.S. dollar to become the world’s largest global reserve asset.

Says Gemini. Bizarrely Poland leads the world in buying Gold. I understand China still buying to hedge against US sanctions. But curious why Poland is buying so much Gold.

Apparently there is a correlation now between China's PBOC spending money and Gold prices, more than between anything else.

On 8/8/2026 at 8:32 AM, Cameroni said:

Yes, global central banks are actively and aggressively buying gold. Official sector demand reached a record $45 billion in the second quarter of 2026. Gold has officially overtaken the U.S. dollar to become the world’s largest global reserve asset.

Says Gemini. Bizarrely Poland leads the world in buying Gold. I understand China still buying to hedge against US sanctions. But curious why Poland is buying so much Gold.

Apparently there is a correlation now between China's PBOC spending money and Gold prices, more than between anything else.

The case of Poland. Poland is very close to Russia. Some Poles worry that once Putin is finished with the Ukraine, the Baltic States and Poland will be next. So it is a good idea to have some of the "countries wealth" in form of Gold in some vaults in London.

1 hour ago, swissie said:

The case of Poland. Poland is very close to Russia. Some Poles worry that once Putin is finished with the Ukraine, the Baltic States and Poland will be next. So it is a good idea to have some of the "countries wealth" in form of Gold in some vaults in London.

Actually, they flew it all home to Warsaw now. And why have gold in case Putin attacks? Putin is not going to sanction them, is he? If Poland bought bonds they would get interest income. But the gold won't yield that.

25 minutes ago, Cameroni said:

If Poland bought bonds they would get interest income. But the gold won't yield that.

The gold I bought in February 2025 will pay me a 56% "interest", if I sell it today.

The additional gold I bought in November 2025 will pay me a 8% "interest", if I sell it today.

I don't even mention the gold I bought between February and November.

Which bonds pay that kind of interest over the same period?

10 minutes ago, CallumWK said:

The gold I bought in February 2025 will pay me a 56% "interest", if I sell it today.

The additional gold I bought in November 2025 will pay me a 8% "interest", if I sell it today.

I don't even mention the gold I bought between February and November.

Which bonds pay that kind of interest over the same period?

And how much interest did the gold you bought in February earn? Minus 25%. You are not talking about fixed predictable interest. You forget that the gold price can go down as well as up. Poland is taking a huge risk and being very reckless. And is losing out on guaranteed, safe bond interest.

9 minutes ago, Cameroni said:

And how much interest did the gold you bought in February earn? Minus 25%. You are not talking about fixed predictable interest. You forget that the gold price can go down as well as up. Poland is taking a huge risk and being very reckless. And is losing out on guaranteed, safe bond interest.

My last purchase was in November 2025.

When it reached 81.000 in January, because of the extraordinary increases over just a few days, I knew there would be a correction and I considered taking the massive profit.

But that maximum price was on a Thursday (Thai time) and the correction already started that night, so I missed out by 1 day, and never considered selling after that point, as I know it will reach new highs.

You don't buy gold to invest short term.

You have claimed here to be an expert in about everything one can think about, including finances and market strategies, and you didn't know that?

Edited August 9Aug 9 by CallumWK

3 minutes ago, CallumWK said:

My last purchase was in November 2025.

When it reached 81.000 in January, because of the extraordinary increases over just a few days, I knew there would be a correction and I considered taking the massive profit.

But that maximum price was on a Thursday (Thai time) and the correction already started that night, so I missed out by 1 day, and never considered selling after that point, as I know it will reach new highs.

You don't buy gold to invest short term.

You have claimed here to be an expert in about everything one can think about, including finances and market strategies, and you didn't know that?

I buy gold every day to invest short term. And so do millions of other forex traders.

You didn't know that?

3 hours ago, swissie said:

The case of Poland. Poland is very close to Russia. Some Poles worry that once Putin is finished with the Ukraine, the Baltic States and Poland will be next. So it is a good idea to have some of the "countries wealth" in form of Gold in some vaults in London.

At current rate, Russia will finished with Ukraine in the year 2100.

30 minutes ago, CallumWK said:

Nope, the only thing I know is that you pretend to be something you aren't, and that is why I have you on ignore for loooong time already.

Yes, clearly. I can tell. Never was ignored this much.

Looks like you're the one pretending that something is the case, when it isn't.

Lol.

On 8/9/2026 at 5:33 PM, Cameroni said:

Actually, they flew it all home to Warsaw now. And why have gold in case Putin attacks? Putin is not going to sanction them, is he? If Poland bought bonds they would get interest income. But the gold won't yield that.

Why do people/states buy Gold for the longer term? Simplifyed: Because they want to get away from paper money. Bonds are also paper money.

The Poles having repatriated their Gold holdings to Poland ? To bring it into reach of Putin, in case he aims for Poland militarily ?

Just now, swissie said:

Why do people/states buy Gold for the longer term? Simplifyed: Because they want to get away from paper money. Bonds are also paper money.

The Poles having repatriated their Gold holdings to Poland ? To bring it into reach of Putin, in case he aims for Poland militarily ?

Yes, that's right. Currencies are subject to freezing, interest rate changes and bonds too, but gold is not.

So the Poles don't trust their American allies.

Yes, they flew the gold from London to Warsaw in eight planes. If Warsaw falls all is lost anyway.

On 8/9/2026 at 1:23 PM, Cameroni said:

Yes, clearly. I can tell. Never was ignored this much.

Looks like you're the one pretending that something is the case, when it isn't.

Lol.

Bro he was totally gonna sell at the top.....promise.

35 minutes ago, Cameroni said:

Yes, that's right. Currencies are subject to freezing, interest rate changes and bonds too, but gold is not.

So the Poles don't trust their American allies.

Yes, they flew the gold from London to Warsaw in eight planes. If Warsaw falls all is lost anyway.

The Poles don't trust their American allies. Fine. But what have the London Gold vaults to do with the Americans ? I simply don't understand why the Poles moved their Gold nearer to Putin.

9 hours ago, swissie said:

The Poles don't trust their American allies. Fine. But what have the London Gold vaults to do with the Americans ? I simply don't understand why the Poles moved their Gold nearer to Putin.

I guess everyone knows how beholden the Brits are to the Americans. If America decided to punish Poland in some way by freezing assets, say over a dispute over the many new military bases, Poland may fear the Brits would freeze and seize their assets. Safer to have it in Warsaw. Yes, closer to Putin, but obviously the Poles don't count on Warsaw falling, and if it did it would all be over anyway.

https://news.sky.com/story/polands-wartime-4bn-gold-haul-returned-from-london-in-top-secret-mission-11877418

Gold seems to be breaking out and is bullish again. Exciting times.

Will it go back to the 5700 vicinity or will it meander and correct?

I think gold will be bullish for a while and will go back to 5700 in due course. Especially when this US Iran war ends and oil falls all the fundamentals line up for another bull run for gold.

56 minutes ago, Cameroni said:

Gold seems to be breaking out and is bullish again. Exciting times.

Will it go back to the 5700 vicinity or will it meander and correct?

I think gold will be bullish for a while and will go back to 5700 in due course. Especially when this US Iran war ends and oil falls all the fundamentals line up for another bull run for gold.

Markets expect that the inflation rate has peaked and therefore interest rates have peaked. Rising interest rates could stop the fledgling bull market in it's tracks.

7 minutes ago, swissie said:

Markets expect that the inflation rate has peaked and therefore interest rates have peaked. Rising interest rates could stop the fledgling bull market in it's tracks.

People thought the new Fed chief would be hawkish, but it doesn't look like he'll be jacking up interest rates. Which again aligns with the fundamentals gold needs to soar.

So could be a great opportunity to buy gold now.

1 hour ago, Cameroni said:

People thought the new Fed chief would be hawkish, but it doesn't look like he'll be jacking up interest rates. Which again aligns with the fundamentals gold needs to soar.

So could be a great opportunity to buy gold now.

The Fed Chief is a poor devil. He can only react to the inflation rate.

5 minutes ago, swissie said:

The Fed Chief is a poor devil. He can only react to the inflation rate.

So what do you reckon, do you think Gold will go up back to 5700?

13 hours ago, Cameroni said:

So what do you reckon, do you think Gold will go up back to 5700?

And beyond , it's just a matter of WHEN.

42 minutes ago, FlorC said:

And beyond , it's just a matter of WHEN.

I am a bit surprised there is a correction yet again I can hardly wait for Gold to go back on its upward journey. Maybe the fundamentals have to be clearer, ie the war has to end first.

9 minutes ago, Cameroni said:

I am a bit surprised there is a correction yet again I can hardly wait for Gold to go back on its upward journey. Maybe the fundamentals have to be clearer, ie the war has to end first.

The news of Kevin Warsh as new FED head is old and we sort of know his policies.

But the war is not over and there are not going to be rate cuts (I think).

The 2026 Jackson Hole Economic Policy Symposium will be held Aug. 27–29, 2026 at Jackson Hole, Wyoming, so there is still some uncertainty.

2 minutes ago, FlorC said:

The news of Kevin Warsh as new FED head is old and we sort of know his policies.

But the war is not over and there are not going to be rate cuts (I think).

The 2026 Jackson Hole Economic Policy Symposium will be held Aug. 27–29, 2026 at Jackson Hole, Wyoming, so there is still some uncertainty.

Yes, the war ending is the missing piece of the puzzle. Structurally Gold is now above 4400 so from a technical perspective we have a change in structure and it should go up now. But we can see here clearly how fundamentals are the actual drivers. Until the stars align here Gold may meander healthily upwards but without the turbo engaged.

higher oil prices can raise inflation, supporting gold.

Betting on higher oil and gold prices seems like a good bet right now with a JENIUS running the show 😃

large and in charge

Edited August 13Aug 13 by SiSePuede419
He's golden

I want silver to go up too.

I guess the silver deficit problem was far overblown.

A lot of silver in data centers and weapons and solar panels , still silver half the price of its peak.

If there is still a growing deficit in silver , how is it possible to still buy silver

at these prices (+ the premium) ?

4 minutes ago, FlorC said:

I want silver to go up too.

I guess the silver deficit problem was far overblown.

A lot of silver in data centers and weapons and solar panels , still silver half the price of its peak.

If there is still a growing deficit in silver , how is it possible to still buy silver

at these prices (+ the premium) ?

Yes, a lot of people prefer to trade Silver. I just like the size of the Gold market, the liquidity is the best of any forex pair, so many people are trading it. So you get these big moves and constant opportunities.

11 minutes ago, SiSePuede419 said:

higher oil prices can raise inflation, supporting gold.

Higher oil prices obviously do not support gold, nor does rising inflation, quite the opposite. Higher oil and inflation raise the risk of the Fed tampering with the interest rate. If the interest rate goes up bonds become more attractive than Gold.

It is quite obvious, btw, that the war with Iran will come to end at some point, so oil will come down, just as Trump said.