G0ldfinger

The spike today (in gold) was also present in the EUR and GBP i.e. it was more a USD-related thing. However, gold went up more in proportion as far as I can see. So, what was it? Was it China dumping some USD cash to buy gold??

France again! Like in the 1960s under de Gaulle!

At least we know now that the more accepted term is double exponential - makes sense IMO.

Not sure about this , Magpie. A function that looks exponential in a log-chart is e.g. exp(exp(x)). I would not call this exp-squared. "Exp-squared" would make me think of [exp(x)]^2 = exp(2x) or, maybe, exp(x^2) instead. Anyway, I doubt there is official nomenclatura on this. Re-iterated exponential function would possibly do it.

What's your comment on double exponential, Magpie?

Here is the logarithmic chart:

People who didn't buy on the spike should be OK and might want to make use of this buying opportunity.

Gold in GBP looks very nice indeed:

Ask Ker. Gold could drop to 660, then 550, then 100 and then zero, which is the lower bound, because I will buy ALL gold in the world at this price.

That would be a good story for MoneyMorning too.

Yes. Let's all wait for $1,000 to buy. :lol:

No, it's not. It's just a sign that no one trusts the collateral, since it is some shady version of paper gold traded on the CRIMEX, It's completely rational, you want the gold NOW and DELIVERED, and not in the future and promised on paper.

FFS!

For the little investor pound-averaging, i.e. monthly savings put in gold is the best.

What has just happened to gold? +$40 intraday. I guess it has more to do with treasuries...

Other than houses being 4 times (or so) cheaper...

From JSMineset: European CBs start buying back gold: Germany?

$1. $7,000? That seems incredibly low. I think it would be north of $10,000, maybe far north of it.

That's still above my target, but I would be looking for gold at $2,500 at the time.

Do you feel a particular need for company when the price goes down?

If you follow this chart regularly you will soon realize that they screw up quite often. Lot of bugs in their software etc.

We've had that already. Doesn't mean there is not more to come, a la 1930-32.