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Gold - 13 year cup and handle breakup
Old 04-02-2024, 06:20 PM   #1
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Gold - 13 year cup and handle breakup

I'm not a goldbug, but the gold chart is super bullish right now. Anyone else noticing this?
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Old 04-02-2024, 06:41 PM   #2
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Yeah, last couple days our ounces have bounced right up
12/3 $2062
3/6 $2128
#/20 $2159
4/1 2181
4/2 $2262

We use AJPM's buy price for Philharmonics and cunningly don't make tracking entries into Quicken if the price isn't up more than a couple bucks. Which may mean that gold didn't shine for us the first few months of the year. But this week?!
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Old 04-02-2024, 06:48 PM   #3
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I just have a few coins. My most recent purchase was 5 ounces over the past couple months. It’s good to see spot greater than what I paid for all of them. I’d hope gold continues to go up except for the fact that it’s an indicator of trouble in the economy.
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Old 04-02-2024, 09:51 PM   #4
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Agree it is the mother of all cup and handles, but it took 3 whole years to get here. The cup itself is 8 years from rim to rim, so maybe 3 years to launch makes sense.
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Old 04-03-2024, 05:04 AM   #5
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I'm not a buyer here but it's nice to see for my few ounces of coins.
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Old 04-03-2024, 09:41 AM   #6
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Yes, I notice gold prices.
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Old 04-03-2024, 09:53 AM   #7
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My 1/10 of an ounce is getting valuable!
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Old 04-03-2024, 10:03 AM   #8
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I bought some physical in 2008/9 and have added etf OUNZ (supposedly can redeem for physical) and 2x leveraged UGL in pre-tax accounts to try to inflation barbell what is otherwise all fixed income. The upswing is nice. But I don't have enough allocated to it to be able to say I'm "winning"... but I guess the goal is just not to lose relative to inflation.
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Old 04-03-2024, 10:37 AM   #9
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Our 40 ounces of gold American Eagles and a few more ounces of proof coins have gone up in value nicely. Our purchase prices range from $350/ounce up to about $1,300. I’m not buying any more at age 67, but enjoy the current rise in prices.
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Old 04-03-2024, 11:32 AM   #10
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Jumior gold miners are up nicely. 10%+ on several today alone and some 50%+ YTD
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Old 04-05-2024, 07:13 PM   #11
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Always wanted to buy a St. Gaudens $20 gold piece, but always thought they were too expensive. Oops

I did go on a Franklin half & 1964 Kennedy buying spree on eBay in 2017.
Those have appreciated nicely.
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Old 04-05-2024, 07:24 PM   #12
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I have NO GOLD whatsoever, aside from my class ring.
Am I doomed
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Old 04-06-2024, 06:20 AM   #13
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I've noticed it and remember that I don't invest in things that don't include income. That has kept me from investing in gold and crypto. I have been successful without those investments. Congrats to those that own gold for now.
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Old 04-06-2024, 07:22 AM   #14
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Quote:
Originally Posted by VanWinkle View Post
I've noticed it and remember that I don't invest in things that don't include income. That has kept me from investing in gold and crypto. I have been successful without those investments. Congrats to those that own gold for now.
keep in mind that for about the last 25 years a portfolio of equities and gold have beaten equities and bonds over almost every time frame with few exceptions
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Old 04-06-2024, 07:37 AM   #15
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Originally Posted by mathjak107 View Post
keep in mind that for about the last 25 years a portfolio of equities and gold have beaten equities and bonds over almost every time frame with few exceptions
Congrats to you if you invested in gold.

Best,

VW
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Old 04-06-2024, 07:41 AM   #16
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off and on thru the years
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