RE: Top of the risers board !6 Nov 2025 13:52
Yep, some good chat about Gold team.
Here's my ounce worth :-
I mentioned that I see Gold correcting down to $3500 but this is not because of mass selling after a brilliant run this year , China are holding and adding as are Russia and India and belive it or not Italy has also been buying huge.
The 'correction' will be orchestrated by US paper, I.e. via the futures market, why ??
Well remember Musk was supposed to undergo a survey and valuation of all that Gold supposedly stored at Fort Knox and heavily guarded 24/7 365 days a week.
Well it's all gone quiet, why? Is it because there wasn't a great deal of Gold stored there after all perhaps ?
Back in February Caroline Levitt did one of her press conferences and a reporter asked her about Fort Knox and the Gold stored there, she replied that there was to be some very good news to follow. And ? Well we're still waiting.
Next year is the 250th anniversary of US independence and come July 4th maybe we may see a reversal of Nixons disastrous move taking the US Dollar off the Gold standard.
Trump could announce the cancellation of all paper Gold, futures, ETFs, OTC products, derivatives etc with settlement made in cash. some weeks before.
And then we could see a revaluation on a similar scale to the one after world war two.
Price, we'll that will be determined by Trump.
Just my thoughts, hence why I have loaded up here and still hold my Greatland Gold !!!
š¤š¤š¤š¤š¤š¤š¤š¤š¤š¤š¤š¤š¤š¤š¤š¤š¤š¤