KDave

Ratios are just correlations, and a correlation without a plausible causal story behind it has no predictive value. Some data miners showed that the quantity that is most closely correlated with the S&P 500 over many years is the price of butter in Bangladesh. I doubt whether GOR or GSR has any predictive value.

I like them figures.......£1664 gold £50.42 silver. That'll give me £13k pure profit, just in time for me to pay for a planned trip down under to visit rellies in Oz. (Perth to be exact, and yes I expect I'll take a wander down to the mint at some stage during the trip. )
 

Assuming at GSR would remain as it is today
£880 vs £10.61
83 silver  to 1oz gold
£1664 divided by 83 = just £20 per oz silver
assuming silver went to relive its ratio of 33 to 1 of the 2011 highs, since silver always tags along for the gold ride  
£1664 divided by 33 = would give us a more respectful £50.42 per oz Jan 2017

Well technically it is still looking good for gold but silver is not doing so well. What does that mean I wonder? 
I would love and hate to see £1644 gold. Assuming the £ remains roughly the same value relative to everything else then I would be happy enough. 

I'm planning on a large purchase on Friday so I'm happy to see it reduce again  
I'm in the very early stages to stacking so I don't want to see it sky rocket just yet!

I'm considering selling an oz of gold
A year or so ago I bought a 1 oz 2009 gold Britannia for a premium at the time, total was about £830, have regretted paying a premium on a bullion 1 oz coin ever since 
I don't need the money at all, just seems like a good time to get my money back on my mistake and wait for spot to drop and put it into some numismatic gold that I will enjoy having
Hard to time isn't it, will gold be going up more? will it stay around this level for an extended period? are we likely to see under £800 again soon
Not sure of the point of this post.. just thinking out loud I guess  
 

One interesting thing is that whereas gold and USD usually move in opposite directions, recently they are both rising. That seems to suggest there is a safe haven thing going on.

There'll be a positive outcome from this weekends EU summit (or at least it will be trumpetted as such) so expect sharp moves in GBP and possibly gold. it certainly won't be a weekend where you want outstanding forex positions; could well be gaps all over the place.

I have a gold itch needing scratched but paying circa £900/oz would be painful with my average currently at £813. I too am of the mind that. long term, it will be considered a bargain at £900 but it's just making me think that bit longer about it before hitting the button.
I think if it remains steady into next week I'll pull the trigger  as that will be a decent sign that these prices may be the new normal for the time being. You never know though as 'they' can make the price plummet with a few carefully-chosen words regardless of the fundamentals.
Silver is looking a decent shout too with the ratio at 80:1 currently.

Not really stacking but I did buy a 2002 sovereign from Arshi the other day. Collectables only ATM. The gold money I'm holding as cash until this breakout is confirmed. I tell myself I am happy with my current position so can afford to wait and see. I would not be too bothered if the price rises while in cash, but I would be bothered if I bought more gold now, increase my average and then the price dropped again. 

These came today, it's all over I have the Panda bug.

I think the people that insist that it's the start of a new
bull trend in gold are getting ahead of themselves. as
nothing is confirmed yet.
 
' Markets and stocks continue to be very choppy -- and are showing gap opens both lower and higher. Consequently, holding any trades overnight is not the ideal situation.'
' The metals took off higher -- and the recent strength is not so great'
' I understand I am not giving clear signals…but I am not getting clear signals'
' Cautious trading remains the theme…or just sitting in cash.'
 
he's still  open to the possibilities of both sides of the
argument and realise that it can still swing both ways.
 
many optimists are seeing it as 'finally the bull trend'
and are blind to any other possibilities. it should still
be a case of tread carefully. desperate situations
allow for desperate measures.
 
HH

Could be be a failed breakout which would be my preference. Honestly I don't think it is though, I think retrace to around $1200 is more likely, then after a base is formed it will go higher. I have seen some elliot wave analysis on the weekly charts suggesting this, with a likely very large rise if the base above $1200 in gold is formed. I hope it doesn't do that because it would mean time to sell some. Plenty of other investment opportunities developing in oil and elsewhere should that happen though. Nobody really knows. 
Having read what I have written and thought about why I hope it doesn't rise, I realise that my journey towards the dark side is complete. I have become full on collector 

Surely hedging is king in a situation like this? Short oil and FTSE, trade FX, buy bullion gold whilst low, sell into rise, pick up gold producers shares- day trade if required, don't be greedy, take profits when targets reached, happy days. Juggle all of the above and make money. Just buying PMs and hoping to make money, if that's what your main aim is, when the price goes to £xx is going to limit your success. You'll be missing out on all the peeks and troughs. IMHO.

http://www.gold-eagle.com/article/precious-metals-need-rest
 
a decent interpretation of the current situation?
 
HH

Agree, just a bit of fun!  Oil not manipulated too low, the producers lost control, they can no longer manipulate too high!

It's quite interesting article.
But I don't think you can compare gold to oil present day with past.
Because oil price is manipulated to low.
 
 

Just watched Janet Yellen say she was 'surprised' about continued low oil prices, negative interest rates and recent foreign currency devaluations - aka she has not got a clue what she is doing. Makes me wonder if she will come to the markets rescue/smash gold this time round and if she does will people even take the bait? Combine the FED's incompetence, a confirmed technical bear market in stocks, negative interest rates and low bond yields with 'gold is the best asset of 2016' headlines and it looks like this year could be a bit different for gold. Gold hit £872 earlier which is higher than the peak of last year and last year it started from a higher price point. The chart since December is impressive.
I'm not buying any more at these prices though I have been spoiled by £731 an ounce delivered. I do miss £700 gold. There's still a central bank's chance we will see it again before the year is out though, still some hope left 

This is my second bar like this. I had to trade some silver and paid some cash. But was able to get oz for oz for my trade. It was just some basic stamped 1 oz bars I traded.

Indeed. I'm surprised at how little correction there has been in gold and the gold miners: usually you expect to see some profit-taking after a sharp increase. This seems to me to be bullish. I was rather hoping for a nice correction in order to buy some more, but now it's just wait and see time. Of course, if things get bad enough, there will be interest rate reductions and more QE and the stock market bubble will inflate one more time at gold's expense, but that game can only be played so many times before it fails.

I see no point in selling at these prices unless you need the money for something else or you're convinced the price will tumble again and let you buy back cheaper.
With the way things are geo-politically and economically, gold either still has a long way to go upwards or we will see lower prices to buy at before it goes up.

Just watched Janet Yellen say she was 'surprised' about continued low oil prices, negative interest rates and recent foreign currency devaluations - aka she has not got a clue what she is doing. Makes me wonder if she will come to the markets rescue/smash gold this time round and if she does will people even take the bait? Combine the FED's incompetence, a confirmed technical bear market in stocks, negative interest rates and low bond yields with 'gold is the best asset of 2016' headlines and it looks like this year could be a bit different for gold. Gold hit £872 earlier which is higher than the peak of last year and last year it started from a higher price point. The chart since December is impressive.
I'm not buying any more at these prices though I have been spoiled by £731 an ounce delivered. I do miss £700 gold. There's still a central bank's chance we will see it again before the year is out though, still some hope left 

Don't worry there is bound to be another smack down.

Posted Monday from the Arctic circle arrived Wednesday morning, that's one efficient postie, thanks @UraaniBarbaari little beauties.
 

5oz mouse,  just 3 more coins to complete set. Rooster, Dog and Pig)))