mr-dead

17 hours ago, motorbikez said:

Lol I could buy a decent two bedroomed house at this moment in time in my area with my current holdings & yes hold your nerve I believe this has a while to run yet. Gold will IMHO exceed $2000 USD before this years out & who knows where silver will be I wasn't expecting silver to Break $21 USD so quickly.

If you are holding out to buy a property dont forget to factor in the stamp duty holiday period.  May mitigate some of you PM gains if you miss the window.

54 minutes ago, Wonger said:

Months later, are you sure? If so read again!

Just now, Wonger said:

Yes I agree, that is why I do not intend to "lurk" as much as you 😉

only on a price pull back right

38 minutes ago, Wonger said:

Good your also expecting a drop then 😉

Simple answer is just like you and everyone else, I dont know.

If you could predicit commodity prices with any degree of accuracy you would be an extremely wealthy man and have far better things to do with your time other than lurk on this forum.

You kind of remind me of that guy in the pub that "knows the reels" of the gambling machine but doesnt have any cash to put in himself as he lost the lot lol

Just now, Wonger said:

You need to sell to realise the gains, is this part of your facts, data, reality? 

I did sell just over 10kg worth of physical gold

4 minutes ago, Wonger said:

Simple question, what would you do if your 3 months of gains by doing the opposite get wiped out in 1 week? 

You are talking "if's and buts" I am talking data, facts and reality.

So I'll ask again, simple question:

would anyone on this forum have made more money doing what you suggested in march or by doing the complete opposite?

41 minutes ago, Wonger said:

Keep watching if you think its nonsense, we will soon see! 😉

simple question.

would anyone on this forum have made more money doing what you suggested in march or by doing the complete opposite?

3 minutes ago, Arongoldprog said:

What does that mean in layman's please?

Its complete nonsense, the chart above demonstrates a price crash thats been happening since march apparently but the reality of the actual gold price is inverse.

35 minutes ago, Wonger said:

Lets hope those $140 gains over the last 3 months do not get wiped out in one week otherwise this thread will go very quiet 😉

Which week (month/year) would that be?#

I also thought you were quoting $400 gold not $1640

3 minutes ago, Wonger said:

Commercials are net short 311,000 contracts, Tick Tock 😉

Tick tock since the 24th March and counting

1 hour ago, GoldenPhil said:

That's interesting why is summer good for gold? 

 

Because it doesn't melt easily? 

shiny in the sun?

1 hour ago, SilverApe said:

That's hilarious. What is the lady doing? Is that like tea leaf reading but with asparagus? I didn't even know that was a thing.

She's the only person in the world that can do it apparently

June will bring more dismal covid economic news + the potential of confirmation of a no deal brexit exit.

Could be a very good month for gold prices.

31 minutes ago, MancunianStacker said:

I buy every month, won’t stop at £2k 

Ill dump the lot at £2k and spend my remaining time under a covid-19 free palm tree somewhere nice

defo a new ATH

Silver looks like the poor relative in that screenshot lol

back over £1400 we go

Applicable to precious metals

crazy prices are always quoted as being 3-5 years away in a game of never ending goal post shifting.

25 minutes ago, Wonger said:

Well I bought June WTI at $8 and thats below production cost!

The difference being there's no where to store the excess oil due a massive slump in consumption.

Pretty sure the opposite is true of gold.

4 minutes ago, Wonger said:

Quite right I do not believe Gold will drop to $1000 oz, I believe it will drop to $400!

Good luck buying physical for $600 below production costs.