dicker

Dollar cost averaging is a perfectly respectable method of drip feeding money into the market.

come on Wonger where is the COT Chart??😀 I must have missed seeing it today😎

Problem is you never look at the other side of the trade

 
 Commerzbank analyst Carsten Fritsch.
 
“The fact that the rise in the gold price has been hardly driven by speculation at all argues against any excessive correction. Net long positions held by speculative financial investors increased only slightly in the last reporting week, and still remain significantly short of their early-March level,” he said.

A horrible burning smell has been bugging me for days and I couldn't figure out what it is?  Now I know, it is the shorts, they are on fire!  Burn shorts burn 🙂

China bought another 10 Tons of gold at 4am this morning to meet the demand for the Xi Jinping lucky charm manufacturing industries.
Great Britain strikes the first Gold Sovereign with a hole in the middle as stocks of Gold fall .
 

Another friendly bump, just in case anyone is tempted.
Yes, gold has just taken out its old USD highs. So what? The inflation adjusted equivilent would be about $2300 compared to its 2011 price. The Dow/gold adjusted price would be $4400.
If we are truly in a secular bull market then gold will easily take out both those targets.
 
 

Can we rename this thread @ChrisSilver it needs to be called The coming Gold Boom. We have broken intraday the all time high price of Gold.

https://www.google.co.uk/amp/s/www.cnet.com/google-amp/news/senates-new-1200-stimulus-check-reveal-for-monday-everything-we-know/

i see the helicopters are ready for another round
it's funny that the USA are paving the way in this
in my country they only offer 0% interest "covid" credits, but you actually have to fulfill some requirements
next stop: 3000

Worked up for work (have.a 5am meeting with people in Asia) and genuinely am surprised to see Gold at 1505.  Thought it would stabilise / pull back.  

Worked up for work (have.a 5am meeting with people in Asia) and genuinely am surprised to see Gold at 1505.  Thought it would stabilise / pull back.  

Reached $1944 absolutely smashed the record with ease wow
Silver and bitcoin also flying, what a start to the week
I'm not sure exactly where it is I'm not a too familiar with forex but I think the dollar has either broken or is very very close to breaking a 2011 trend line which is huge, very weak 

Thanks, not far away now

I think this is the day it breaks £1,500 and I predicted that by Christmas. 🤷🏻‍♂️ 😂

Golds going strong in the first 20 minutes getting up to $1910, could be headed for an all time high today
I'm not actually sure what the all time high is? I googled and it says $1920 some places & $1921 another 
 

OK stop obsessing about closing out your position. I agree, it's different to hedging. It's irrelevant anyway; a closed position can easily be re-opened.
You still haven't addressed my primary point about once you start hedging you are effectively locking in your loss. Simply trying to muddy the water and trying to bamboozle me with option traders' jargon doesn't wash.

You still haven't explained how starting to hedge your position at $2064 (a $200 plus loss on your short position incidently) is any different to closing part of your position.
Hedging at this stage is effectively locking in your loss. You won't lose any more when gold continues to rise but also you won't make your money back if it retraces to your starting position.

I am loathed to comment on futures prices given another 'hot topic' on the forum, but I suspect they would agree with you

I think its going to hit £1500 this week from what I can see at the bottom of my beer glass 👍

Will gold close over 1490 this eve....not long now and we will see!

So I have read some nightmare stories about goldsilver.be in the past and some recent ones too but there was a coin I needed that I couldnt find anywhere else, I had to bite the bullet.
UPS said it would be delivered by 9pm tonight, nothing come, UPS say they cant find it on the system, so my fears have come true, issues with my very first purchase, this is why I tend to buy direct from the Royal Mint or European Mint its such a stressful time purchasing from new people.
Not sure how this will get resolved at the moment, too early to get all crazy but wondered if other people had issues with goldsilver.be and UPS.
 
 

Will gold close over 1490 this eve....not long now and we will see!

Will gold close over 1490 this eve....not long now and we will see!

Will gold close over 1490 this eve....not long now and we will see!

the wealthy hold gold in every country on the planet

who faired better after the crash, someone holding their wealth in gold or cash in the bank?
I presume it would be far easier exchanging gold for dollars to buy local goods over worthless local currency?