vand

Don't let short term price fluctuations change your big-picture view.
If gold was undervalued last week then it is still undervalued this week, no matter what the price may have done.
The worst thing you can do is to agonise over every price movement, holding off in the hope that the price dips, then buying then getting angry that it keeps falling, then holding off and being too afraid to buy more because it is still falling, then cursing because it is going up and you didn't pull the trigger, etc etc.
You see how this works? 
Markets are mechanisms that do a wonderful job of transferring wealth from the impatient to the patient. Have an accumulation strategy so that you aren't put off by short term fluctuations, then go and execute it. 
 

Don't let short term price fluctuations change your big-picture view.
If gold was undervalued last week then it is still undervalued this week, no matter what the price may have done.
The worst thing you can do is to agonise over every price movement, holding off in the hope that the price dips, then buying then getting angry that it keeps falling, then holding off and being too afraid to buy more because it is still falling, then cursing because it is going up and you didn't pull the trigger, etc etc.
You see how this works? 
Markets are mechanisms that do a wonderful job of transferring wealth from the impatient to the patient. Have an accumulation strategy so that you aren't put off by short term fluctuations, then go and execute it. 
 

Another few sessions needed imo. 
Also it depends if you are looking at the trend from a linear scale chart or a log scale chart. The breakout looks confirmed on the linear scale, but imo the more meaningful chart is the log chart resistance which hasn't yet been decisively breached.

Eventually we would like to move up the property ladder to a bigger house, but in today's low inflation envorinment that is much more difficult that it has been if you had bought a house 20-30 years ago as debt is not eroded by wage inflation. So the only option is to make overpayments to bring your mortgage term down. Most people stretching themselves buying "starter homes" today will find it almost impossible to trade up without a significant increase in income. When you hear people saying that the "economy is not working for them" this is precisely the sort of thing that makes it so.

We have to face the fact that PMs have NOT been particularly strong lately even as the USD has been weak, so it isn't surprising to see them whacked like this. The writing has been on the wall since gold posted a failed breakout 3 weeks ago.
I have to say that I'm not optimistic short-term, and expect a mini-bloodbath in the PMs over the summer as USD's intermediate cycle plays out, which is why I'm perfectly happy to bide my time with my buying. Would not surprise me to see sub-$15 silver and sub-$1200 gold in the next few weeks.

We have to face the fact that PMs have NOT been particularly strong lately even as the USD has been weak, so it isn't surprising to see them whacked like this. The writing has been on the wall since gold posted a failed breakout 3 weeks ago.
I have to say that I'm not optimistic short-term, and expect a mini-bloodbath in the PMs over the summer as USD's intermediate cycle plays out, which is why I'm perfectly happy to bide my time with my buying. Would not surprise me to see sub-$15 silver and sub-$1200 gold in the next few weeks.

Got my first bit of gold today with my gs.be order. 1/10th britannia. Now i have finished off my silver needs for this year until 18's are released, gonna start a wee gold stack to fill the time  Should i keep it in the mint pack are put it into a capsule? Does it even matter?
Also picked up 1 of those big ben coins and mix of a few others. Not sure how that series will pan out, should be a nice. I only got the 1 cause im not paying 24 euro for a coin that will milk up. 

 

Not got a lot of spare cashish this month, but I took the opportunity to buy an additional 20oz on this morning's dip.  
 

25oz ordered yesterday as I make a start on the 2nd thousand. Noticed that my average price was a quid or so higher than the previous few batches, so last months price drop has worked out very nicely for us disciplined stackers!

USD price looking very good. Looks like it wants to have a go at $1300.
Dollar looks more and more like it is entering a bear market every session that it fails to meaningfully rally. 

25oz ordered yesterday as I make a start on the 2nd thousand. Noticed that my average price was a quid or so higher than the previous few batches, so last months price drop has worked out very nicely for us disciplined stackers!

25oz ordered yesterday as I make a start on the 2nd thousand. Noticed that my average price was a quid or so higher than the previous few batches, so last months price drop has worked out very nicely for us disciplined stackers!

25oz ordered yesterday as I make a start on the 2nd thousand. Noticed that my average price was a quid or so higher than the previous few batches, so last months price drop has worked out very nicely for us disciplined stackers!

USD price looking very good. Looks like it wants to have a go at $1300.
Dollar looks more and more like it is entering a bear market every session that it fails to meaningfully rally. 

+22 oz added today, 69 oz in total in the last 4 weeks.
I have now joined the 1000+ oz club. Bring on the Apocalypse!!
 

+22 oz added today, 69 oz in total in the last 4 weeks.
I have now joined the 1000+ oz club. Bring on the Apocalypse!!
 

+22 oz added today, 69 oz in total in the last 4 weeks.
I have now joined the 1000+ oz club. Bring on the Apocalypse!!
 

+22 oz added today, 69 oz in total in the last 4 weeks.
I have now joined the 1000+ oz club. Bring on the Apocalypse!!
 

If you already have a mortgage then making overpayments on it is imo the BEST thing that you can safely do with your money. It's represents zero risk and a very good guaranteed long-term return. With anything else the risk is not zero and the returns are not guaranteed.
BUT.. that doesn't mean that if you don't have a mortgage you should rush out and get one!  The boat has sailed on that one and now is not the time to be piling into housing.

+22 oz added today, 69 oz in total in the last 4 weeks.
I have now joined the 1000+ oz club. Bring on the Apocalypse!!
 

+22 oz added today, 69 oz in total in the last 4 weeks.
I have now joined the 1000+ oz club. Bring on the Apocalypse!!
 

+22 oz added today, 69 oz in total in the last 4 weeks.
I have now joined the 1000+ oz club. Bring on the Apocalypse!!
 

+22 oz added today, 69 oz in total in the last 4 weeks.
I have now joined the 1000+ oz club. Bring on the Apocalypse!!
 

+22 oz added today, 69 oz in total in the last 4 weeks.
I have now joined the 1000+ oz club. Bring on the Apocalypse!!
 

I overpay my mortgage by £150pm & it reduces my term from 22yrs to 15yrs saving around £12,000 in interest alone, but I want to move to a bigger house so the term is most likely going to end up being 22yrs but with a bigger house. I then buy gold with whatever spare I have. The more you pay off your mortgage the better personally as in 5yrs if the rate goes up significantly your LTV will get you a better rate.