Any gold bulls still out there?Gold FuturesCOMEX_DL:GC1!flyinkiwi10Just a scenario for people to think about (and check later against what happened). I see signs of strength in gold. The Iran conflict never changed by view on the role of gold in the world. Actually, the increased deficit spending resulting from the conflict further strengthens it. There will be a lot of coded speeches from the Fed and posturing, but they aren't actually able to raise rates significantly due to the debt and interest load. Signs of economic weakness are evident recently and the Fed will be itching to re-commence tinkering with Treasury yields downwards and printing money to monetise the debt. Also the Weekly MACD is slowly curving up towards the zero line, showing the potential for a multi-month up-trend to commence. RSI is showing an up-trend while the price is showing lower lows, this is always a sign of slowing momentum and sometimes a sign of an impending reversal of the local trend. So this is my call, up-trend and a bounce off USD4400-4600 resistance, followed by a stronger move up towards historic highs and beyond. Time will tell. I have still been buying gold miners and haven't sold any due to the conflict. It is actually funny, a silver and gold developer that I own just reached my average purchase buy-in price after being up 200%+ at times about 7 months ago. The difference? When I bought in silver was below USD35/oz and today silver is USD60/oz. They have been drilling and improving the properties, so they are valued far lower today than when I bought in. Each silver equivalent ounce is in their resource is only valued at USD$0.20/oz (market cap / ounces) which is crazy cheap considering the eventual net profit margin on mining these ounces will likely be more than 50% ($60/2 = $30/oz net margin). So I am very comfortable holding this equity. If you can pick up your favourite silver miner / developer today for the same price as you could in March 2025, that sounds like a good deal to me. If you cannot find any, check out AVM.