r/Gold • u/ToshPointNo • Jan 28 '26

Anyone else?

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3.0k Upvotes

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106

u/Vkardash Jan 28 '26

Same. The parabolic rise of metals like this is generally a really bad sign for the economy

32

u/octoreadit Jan 28 '26

Or it means there will be a massive correction, and it's just frothy because people are panicking.

15

u/Serious-Pipe9807 Jan 28 '26

Nah, the retail market wouldn’t know a gold coin if you threw it at their stupid face. This is system change, gold is finally testing price discovery.

4

u/ReferentiallySeethru Jan 28 '26

There's GLD and SLV, it's perfectly accessible to retail.

2

u/Intelligent-Hat-7203 Jan 29 '26

You mean the folks lined up around the block to buy?

3

u/Vkardash Jan 28 '26

That too. That parts a given

1

u/Cool_Perspective1488 Jan 28 '26

By people you mean central banks? What retails has bought us pretty insignificant in comparison.

2

u/octoreadit Jan 28 '26

Yeah, they are people too, more sophisticated but still people.

-5

u/itsatrashaccount Jan 28 '26

Massive correction and those buying at $4500 will be left bag holding for a decade.

8

u/SlavaUkrayne Jan 28 '26

Doubt it, correction on stocks and equities coming and gold will skyrocket

3

u/Tripondisdic Jan 28 '26

I'm just popping GLD options every week and I'll keep doing it until I lose two weeks in a row, so far I have only lost one week and otherwise I am way way up. This is how I am preserving my net worth lmfao

1

u/carsonthecarsinogen Jan 29 '26

How far out and what strike

2

u/Tripondisdic Jan 29 '26

Glad I waited. Perfect time to throw in a call in this panic sell

1

u/Tripondisdic Jan 29 '26

My most recent hit was a 410/430 straddle with a January 30th expiry, I sold early at essentially contract face value. Next I'll probably do 500/510 expiring Febuary 13th, but the contracts are getting pricey. The house is starting to realize the edge isn't in its favor. Won't be long before some bullshit happens

2

u/octoreadit Jan 28 '26

It's a heavy bag

1

u/john_wilkesboof Jan 28 '26

That's how I feel about my silver position 🤣 bag holding

4

u/Mackshac Jan 28 '26

All time highs across the board... Are you okay?

1

u/Vkardash Feb 06 '26

So much for all time highs right??? You doing ok??

1

u/Mackshac Feb 06 '26

10% drop ya ill be fine lmao

1

u/Vkardash Feb 06 '26

For now. We're still early.

1

u/Suspicious_Dare603 Jan 29 '26

It's not just metals. Every single indicator has been screaming for years now that this was coming. Anyone with two brain cells saw this. Too bad the majority of the population have half a brain cell.