Gold Monitoring Thread $ (USD) only

[daca]

59 minutes ago, HerefordBullyun said:

= next civil war  😔

[HerefordBullyun]

3 minutes ago, daca said:

= next civil war  😔

 = next western country to invade, exploit and plunder their resources

[Zhorro]

1 hour ago, HerefordBullyun said:

This announcement of a find of gold deposits of $12 trillion would seem like someone is trying to get the price of gold down!

[HerefordBullyun]

5 minutes ago, Zhorro said:

This announcement of a find of gold deposits of $12 trillion would seem like someone is trying to get the price of gold down!

Nothing like the good old cockney having a gander. A propergander!

[Zhorro]

10 minutes ago, Zhorro said:

This announcement of a find of gold deposits of $12 trillion would seem like someone is trying to get the price of gold down!

It would seem that the find of gold in Uganda would DOUBLE the amount of gold in existence!!!

[RDHC]

6 hours ago, Zhorro said:

It would seem that the find of gold in Uganda would DOUBLE the amount of gold in existence!!!

Apparently it is 31 million metric tons of gold ore, not refined gold, and the average mine produces at best 8 grams of refined gold per metric ton of ore, so, on one estimate Uganda's gold ore (not yet mined of course) would increase the world total of refined gold by one tenth of one percent. Perhaps we can all relax.

[LawrenceChard]

Anybody remember this:

"I now predict that Gold will crash in excess of $1000 from here and it started today, see you at $400-$600 area guys and gals!"

😎

[DarkChameleon]

The price of metals will plumet the minute they put into 9rbit a metal detecting satellite, the lost will be found and the value will plummet or jump depending on truths of supply approximation versus reality.

[Oddjob]

11 hours ago, LawrenceChard said:

Anybody remember this:

"I now predict that Gold will crash in excess of $1000 from here and it started today, see you at $400-$600 area guys and gals!"

😎

Old mate hasn't been seen on TSF since Aug 2020.......

[LawrenceChard]

28 minutes ago, Oddjob said:

Old mate hasn't been seen on TSF since Aug 2020.......

Is his close relation Wonga still in (the loan sharking) business?

😎

[Stu]

Not long ‘til $1800, then $2000?

[QuantumStacker]

On 18/07/2022 at 23:36, LawrenceChard said:

Anybody remember this:

"I now predict that Gold will crash in excess of $1000 from here and it started today, see you at $400-$600 area guys and gals!"

😎

I know this is old post, just seen it. well this is funny, another Ponzi scheme believer is it? Never bought in to the crypto bull and never will. Biggest Ponzi schemes in world history, said it in 2010 and today we can all see what they are today. To the people that hated me for saying it .... call me old fashioned but i'm a hard asset guy. 

[LawrenceChard]

On 19/07/2022 at 03:55, DarkChameleon said:

The price of metals will plumet the minute they put into 9rbit a metal detecting satellite, the lost will be found and the value will plummet or jump depending on truths of supply approximation versus reality.

The BBC's headlines were rather more subdued than some:

https://www.bbc.co.uk/newsround/63471074

Somewhere between the orbits of Mars and Jupiter lurks a massive metal asteroid known as 16 Psyche.

Nasa has announced it plans to launch a mission to the 140-mile-wide rock in October 2023.

The asteroid is thought to contain a core of iron, nickel and gold worth a whopping $10,000 quadrillion.

That's enough money to make everyone on the planet a billionaire. Not that there are any plans to remove it!

Whereas:

Giant asteroid has gold worth $700 quintillion. But it won't ...https://theprint.in › opinion › giant-asteroid-has-gold-w...
9 Jul 2019 — Asteroid 16 Psyche has enough gold to give everyone on Earth $93 ... $700 quintillion — enough to give everyone on the planet $93 billion.

and...
NASA headed towards giant golden asteroid that could ...https://www.foxnews.com › science › nasa-headed-toward...
gold planet steroid Asteroid from www.foxnews.com
27 Jun 2019 — NASA is eyeing up a nearby asteroid that contains enough gold to make everyone on Earth a billionaire.

Now if we could get free postage from Asteroid 16 Psyche to the UK...

😎

 

[QuantumStacker]

2 minutes ago, LawrenceChard said:

The BBC's headlines were rather more subdued than some:

https://www.bbc.co.uk/newsround/63471074

Somewhere between the orbits of Mars and Jupiter lurks a massive metal asteroid known as 16 Psyche.

Nasa has announced it plans to launch a mission to the 140-mile-wide rock in October 2023.

The asteroid is thought to contain a core of iron, nickel and gold worth a whopping $10,000 quadrillion.

That's enough money to make everyone on the planet a billionaire. Not that there are any plans to remove it!

Whereas:

Giant asteroid has gold worth $700 quintillion. But it won't ...https://theprint.in › opinion › giant-asteroid-has-gold-w...
9 Jul 2019 — Asteroid 16 Psyche has enough gold to give everyone on Earth $93 ... $700 quintillion — enough to give everyone on the planet $93 billion.

and...
NASA headed towards giant golden asteroid that could ...https://www.foxnews.com › science › nasa-headed-toward...
gold planet steroid Asteroid from www.foxnews.com
27 Jun 2019 — NASA is eyeing up a nearby asteroid that contains enough gold to make everyone on Earth a billionaire.

Now if we could get free postage from Asteroid 16 Psyche to the UK...

😎

 

Business opportunity for a courier company😂

[sovereignsteve]

Good old Wonga, he gave us a load of laughs. Wish he'd come back😁

[HerefordBullyun]

[HerefordBullyun]

Great TA video here

  

[Bumble]

Anyone interested in guessing the price of gold as at 31st Dec 2023? Or is that too far out?

[modofantasma]

23 minutes ago, Bumble said:

Anyone interested in guessing the price of gold as at 31st Dec 2023? Or is that too far out?

I could try 31st Dec 2022? 🧐🤔 

[Bumble]

Wham, bam. Gold and silver down a lot. On fundamental grounds, one should bear in mind that January has seasonally strong demand for gold, because of the Chinese New Year, when it is common across much of east and southeast Asia to give gifts of gold. Technically, there has been a strong rise during January and it is unsurprising to have some profit-taking and a pullback. The Bollinger bands have been doing a good job of containing the gold price. It is not uncommon to see the price bounce between the top and bottom channels, though not usually this rapidly. After a crawl upwards during January, with the price hugging the upper band, the price has now fallen from the upper band to the lower band in just two days. The closing price on Friday Feb 3 (Comex April futures) was actually $1865, right on the lower band. We could now see the price walk back to $1800, or it might consolidate around the current price. A rise to $2000 now looks unlikely in the short term.

[Midasfrog]

On 14/11/2022 at 20:28, Stu said:

Not long ‘til $1800, then $2000?

Not looking good in the short term Gold $ is now back to December 2022 value 🤔

[Stu]

Half a % of breaching $2000, will she make it?

[Stu]

There she blows

[MetalMandible]

6 hours ago, Stu said:

There she blows

Twas fun while it lasted. Maybe after wed, we see a big surge back up.

[Bumble]

The gold price for the last three days is an almost perfect example of what candelstick technical analysts call an evening star. It is considered to be a reliable bearish indicator.

But one might also point out that we had six days running of the closing price being above the upper Bollinger Band, and two days of the RSI being above 70, both of which indicate an overbought condition. As of today's close, the price is now below the upper BB and the RSI is below 70, so it could be a case of return to normal.