The Long Investor
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$GOLD - SAFE HAVEN -
🕑 Added 2025-03-28 14:30:56 +0000 UTCGOLD and SILVER are clearly trying to tell a story here
This parabolic move with Gold is not normal, this is a $17 Trillion valued asset and to move like this means that a lot of buyers are stepping in....possibly countries too.
Silver is our safe haven and has performed very well over the last year and up +42%.
Gold is now above the First Target at $3000 without a retest of support, I would like to see a retest here before moving any higher to confirm that this is a support level which should allow the price to move even higher....$3800 at the Second Target would be an incredible number to hit this year.
Comments
Lyndon Richards
Gold is at an all time. Id be very careful here. If money goes back into stocks this becomes a short sellers dream. Ive sold today, I think it's too rich to be a safe haven.
Kad
You really think it will pull back to 50 wma in the short term with all the tariff discussions in parallel ?
Kevin Harris
Still waiting for that pull back to the 50 to get more physical gold
Jaschy
It depends on which country you live in and whether you want to buy a gold ETF or a CFD. What every broker should have is the Gold ETF from iShares. In Germany there are special ETFs where you are tax-free after more than a year of holding, because the gold is physically stored.
Ethan Silver
New to the group, I know for silver it's $SLV to invest in. What is it the stock ticker for gold?
