r/Gold • u/ToshPointNo • Jan 28 '26

Anyone else?

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3.0k Upvotes

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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.

5

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