Russia's Finance Ministry will auction large rough diamonds from state reserves, seeking funds amid mounting war costs and following a record gold selloff.
Note this point in my original post, *which was directly quoted by you in your response
Which is still an arbitrary date when evaluating trends…
gold has just broken out, as Russia’s selling is no longer suppressing the price
The price of gold wasn’t being affected by Russia selling gold, it was because the market determined interest rates were going to raise or remain flat. That and there was a couple spike in treasury bond yields.
My model leads me to expect to see gold make a new all time high above $5600/oz before year end, about a 30% rise from where it is at today, and to top $15K/oz before the end of 2027, though the actual peak in this time frame may well be in the $20k-25K/oz range.
My dude… The knowledge that you would need to make a working model would also prevent you from long term investing in a leveraged etf.
I just hope you aren’t trading on margin. Good luck in your endeavors, but please try to not get other people roped in on your gambit.
Which is still an arbitrary date when evaluating trends…
The price of gold wasn’t being affected by Russia selling gold, it was because the market determined interest rates were going to raise or remain flat. That and there was a couple spike in treasury bond yields.
My dude… The knowledge that you would need to make a working model would also prevent you from long term investing in a leveraged etf.
I just hope you aren’t trading on margin. Good luck in your endeavors, but please try to not get other people roped in on your gambit.