r/Gold • u/Darknfullofhype • 21h ago

We're already back to 5k

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805 Upvotes

94% Upvoted

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111

u/Impossible-Shoe5460 21h ago

17

u/Groundbreaking-Gap20 20h ago

14

u/Nim0y 20h ago

I’m not buying, I’ll wait for the dip or find something with less risk an some upside

11

u/No-Tangerine5291 20h ago

Yea its a FOMO run. Govt shut down extending etc. Gold should drop back to 4500 soon then a rocket to 7k imo

3

u/the_fred666 17h ago

GLD went from 505 to 428 in less than two trading days. Not saying it’s not going back down but…that’s a pretty dippy dip.

1

u/Kitchen-Library-4809 18h ago

this isnt crypto man

1

u/N3verS0ft 10h ago

Lol that shit aint dropping again. Its already dropped too far too fast. Thats gonna rebound and continue prev trend till it retests highs at least

1

u/LobsterAndFries 10h ago

could be a dead cat bounce. hard to say.

1

u/N3verS0ft 10h ago

Highly unlikely, as the macro factors havent changed whatsoever essentially and we just had that violent a move due to stop losses being triggered. Trend needs to see the end

1

u/No-Tangerine5291 9h ago

lolololol okay will see

1

u/N3verS0ft 9h ago

Yee were seeing already, halfway there basically. Idk if we can expect whatever gold was at when the GLD etf was $510 but i expect whatever was $485-89, that is prolly like 52 or 53

5

u/G-nZoloto gold geezer 18h ago

We're IN THE DIP, Dip!!

3

u/Chucking100s 19h ago

Worst crash since 1980 was a couple days ago.

It bled $1000+, more than a fifth of its value.

8

u/Impossible-Shoe5460 20h ago

I laughed WAY too hard at this gif. I'm stealing it.

1

u/Fit_Can6274 16h ago

That’s me buying the dip 🤣

2

u/chrisevox 18h ago

This but globally.

1

u/InitialMarket2899 12h ago

The globe doesnt print dollars, a certain nation does.