Discussions

Gold/CAD forum

yesterday

…canuckistanian gold hitting new record ath up to 4019 and counting…road to 5500 still ongoing…see you there 🍺

6 days ago

…today was profit taking day and positioning for the next mega move, the KGX hit ~2999 about a half hour before market open while declining the remainder of the day and closing @ 2977.56 setting another record high closing price for daily/weekly closes. XAUCAD again made new ath’s intraday/daily/weekly…without DXY and the USD dumping, gold would’ve been suffering a bit of a loss by eod and not have closed nearly as high as it did today, indicative of profit taking.

…the move comes next week…relax, just let it happen, if you fight it it’ll just hurt more. Remember, fed getting pressured now to cut rates quicker than market had previously expected so none of that is priced in yet.

..needless to say (but will do anyway) - this is speculative analysis and do with it what you will. Good weekend to all! 🫡

7 days ago

..new ath’s keep printing…moments from breaking into 4k, if not today next week

Jan 19

..finally realized as to why XAUCAD keeps printing fresh ath’s and not XAUUSD (I know, how amateur of me…never really paid much attention to this tbh) - it’s essentially outlining the weakening value of the CAD to the USD and is merely just a facade. Which is exactly the case when converting dollar for dollar ~3914CAD = ~2703USD

Jan 10

…3 fresh ath’s set on the canuck side. Daily high and close, as well as a weekly close.

Daily:
1) Oct 30 - (H) 3885.10 vs. today’s (H) 3893.92
2) Oct 30 - (C) 3875.44 vs. today’s (C) 3879.96

Weekly:
3) Oct 25 - (C) 3818.01 vs. today’s (C) 3879.96

As mentioned previously, this trajectory is headed for 5500/oz by year’s end. I’m still curious as to why gold in USD is ~100/oz away from its chart ath while in CAD it’s breaking into new ath’s…🤔

Jan 3

…incredible that gold is only $50 away from ath on the canuck side while ~130 off the chart ath on the yankee side. If factoring in conversion, it makes even less sense.

…I say chart ath bc true ath is much higher and upwards to ~3600USD based on inflation-adjusted highs set in early 1980.

…that said, Canadian gold will hit closer to by the time American gold reaches and surpasses a new real ath.

…anyone familiar with the “Benner Cycle” understands that the markets will remain bullish into 2026 and possibly into ‘27. We still haven’t seen the “euphoria” (final wave in a bull run) so this year will likely be full of ups and downs with tree-shakes and fomo-ing and several black swan events.

—best of luck to all in this new year! 🍻