AuricGoldfinger

As you wish..

Come on £1650 please!

Come on £1650 please!

Come on £1650 please!

Come on £1650 please!

Come on £1650 please!

Inflation has remained unchanged in the U.K. (just announced)
Oil Up into the 90’s
Middle east flaring up and real risk that other countries are sucked into the conflict.  

Slightly surprised that gold has not breached 1600….yet
 
 

Maloney lost credibility on two points.
Firstly, when he talks of "gold doing an accounting for fiat currency inflation", he's quick to show gold rising in 1934 and 1980. He then spectacularly fails to mention the collapse of the gold price from 1981-2001, where the "accounting" was totally wiped out.
Secondly, "we will have a new monetary system sometime in this decade". I'm sure that prediction is over ten years old.
He also sells gold and silver - hardly impartial.

Better than knees and toes lol

£1656 will allow for a generic £400 sov including a 3% premium. Obviously special years will likely be closer to £420

I’m waiting for Biden’s speech saying they need to remove Gaddafi from power. 

No it doesn't 🔔🔚

I must be invisible. This is about the 5th time I've boasted about calling the turning points for gold and silver ($1850/$21) and I did this months ago in June and July! I made sure to post it in a few places so everybody could laugh at me when I was wrong, praise me when I exceeded the skills of Nostradamus. I was within 1% on silver (silver did briefly fall below $21 but if you exclude that I called it right almost to the cent), and was within 1.5% on gold (I called $1850 and gold briefly dipped to $1810-1820)
It's not rocket science to get those predictions but it's certainly not within my power to know the outcome, there is a large element of luck involved. When I've had a wee boast I've balanced it out with, "by luck or judgement". It's applying a macro view to the charts and seeing what it looks like. This is over longer timeframes when it's easier to do
It's not impossible to profit from short timeframes, pro traders do it every day, but 99% fail to acknowledge the wafer-thin margins on some of these calls. The best trader in the world, the dude making millions/billions, only has a success rate in the 60-70% range depending on the market, with 70% being unachievable in most major markets. It's like poker. It might be +EV to play your set vs a flush draw but if the flush draw wins it doesn't mean you're a bad player and if the set holds it doesn't make you the GOAT. Every high level poker player understands that you can play perfectly and finish last or play like an idiot and finish first. Luck matters a lot, in fact variance is everything over small samples, but if you repeat the action 100,000 times, then you start to see the skill of the poker player shining through
Trading over longer timeframes is a bit like repeating the + EV play many times over, while shorter timeframes are more like an individual hand of cards. That's not a perfect analogy but you get the gist. You can make a perfect decision in a single trade and lose, make a bad decision and win. To make any sense of it you have to repeat many times
If by luck or judgement we happen to call a few things right, because the sample size is so small the explanation is variance and not skill unless you do it another 100,000 times
The biggest mistake I see amateurs make (in cards and investing) is being results-orientated. The result is irrelevant, the only thing that matters is the process. Make your decisions based on sound reasoning and the market will disagree with you 40% of the time but you'll still be 100% right. Make decisions based on whim and hearsay and the market might agree with you 40% of the time but you'll still be 100% wrong

By the time I’ve driven to the SDB, driven to to atkinsons and tried to sell it will be back down to £1300 so don’t even know why i get excited 

Is that a typo?

That's just the paper loss to his pocket change... 

@James32 just booked a 60k loss with his massive holdings 🤭

All i see is lego

W to replace a B ✅🤣