Gold high spot price

[mr-dead]

Just now, Bullionbilly said:

I bet your "little" collection makes you smile more and more lately @mr-dead 👍

No intentions of selling anything at current prices, when it starts hitting £1500 I may start to get interested

 

[Bullionbilly]

Just now, mr-dead said:

No intentions of selling anything at current prices, when it starts hitting £1500 I may start to get interested

 

Nice. I admire that. 

[DarkChameleon]

43 minutes ago, BackyardBullion said:

Here is a very interesting comparison for gold.

US $ vs UK £

As you can see the huge gains seen recently in UK £ are more about the value of our currency rather than a general rise in gold.

The pound just had a bad day, not a great way to make money.

[Goldmick]

On 29/07/2019 at 17:54, goluckystayhappy said:

£1178 is the all time high.

Done lol

[AuricGoldfinger]

ATH is £1178.93 

 

............come onnnnnnn

[Abyss]

Gold charts in terms USD very bullish looking at three legs up hitting $1540 and GBP/USD looking very weak looking at GBP/USD 1.1850. My guess t oz Gold will hit £1300.

[Midasfrog]

41 minutes ago, AuricGoldfinger said:

ATH is £178.93 

 

............come onnnnnnn

Will you sell me an ounce of your gold at that price ? 🤓

[AuricGoldfinger]

Haha! Oops!!

[Paul]

Here yee here yee !

Gold down -£16.60 in 24 hours - Sell Sell Sell - we are going back to £700oz

We're all doooooooooooooooooooooooooomed !

[Notafront4adragon]

Good I can finally afford all the nice things for sale on here!

[goldmember44]

6 minutes ago, Paul said:

Here yee here yee !

Gold down -£16.60 in 24 hours - Sell Sell Sell - we are going back to £700oz

We're all doooooooooooooooooooooooooomed !

We are still in a bull market This little dip should be used to acquire more gold

[Paul]

1 minute ago, goldmember44 said:

We are still in a bull market This little dip should be used to acquire more gold

Yeah i agree, think we'll keep growing slowly, as brexit causes £ to devalue further towards departure date later in year.

$1 = £1 incoming in future.  So no Micky Mouse land, MAGA hats or supersized In & Out Burger meals for me anytime soon  

[goldmember44]

I want a MBGA hat (Make Britain Great Again)

[vand]

Corrections are a normal and healthy reaction to the main trend.

There will be many new highs, and many further corrections accompanying them.

[goldmember44]

Yes absolutely ageed vand. The drop last night was after the Fed lowered interest rates, which is interesting. I don't pretend to understand all the intricate market arguments involved in that, but this surely looks just like a case of buy the rumour, sell the news...I think it's just a temporary profit-taking or something. Outlook for gold remains bullish, especially if the American economy keeps on getting more and more indebted. And the scope for the Fed for cutting rates is becoming very narrow, rates are at historical lows. If the economy runs into trouble again the Fed doesn't have many tools left to stimulate it with in the future. The noose is tightening around the neck...

[Guest]

The question is, do the central banks want a higher record gold price, thereby exposing the true value of their fiat currencies (zero)? I stack but offloaded a small bit at £1150 couple weeks ago and waiting to see what happens at this level (curently £1160 this morning).

I would love to see record high prices, but part of me thinks the banking cartel will smash this down, thereby giving me an opporunity to buy more for less. However, we all know the market can behave like a woman scorned and I could come home from the party to find all my clothes have been thrown out of the bedroom window onto the front lawn in bin bags.

 

[Zhorro]

49 minutes ago, goldmember44 said:

Yes absolutely ageed vand. The drop last night was after the Fed lowered interest rates, which is interesting. I don't pretend to understand all the intricate market arguments involved in that, but this surely looks just like a case of buy the rumour, sell the news...I think it's just a temporary profit-taking or something. Outlook for gold remains bullish, especially if the American economy keeps on getting more and more indebted. And the scope for the Fed for cutting rates is becoming very narrow, rates are at historical lows. If the economy runs into trouble again the Fed doesn't have many tools left to stimulate it with in the future. The noose is tightening around the neck...

What was the point of the Fed's rate cut?  Share prices are down, gold is down... yet before it happened, most "financial experts" were saying a rate cut would boost share prices and push gold up!

I think the BoE Governor is speaking at lunchtime to explain the BoE's decision on UK interest rates.  I wonder if he will notice that the Pound has fallen (currently $1.2088)?  In the past, interest rates were increased to support the Pound.

[goldmember44]

2 minutes ago, Zhorro said:

What was the point of the Fed's rate cut?  Share prices are down, gold is down... yet before it happened, most "financial experts" were saying a rate cut would boost share prices and push gold up!

I think the BoE Governor is speaking at lunchtime to explain the BoE's decision on UK interest rates.  I wonder if he will notice that the Pound has fallen (currently $1.2088)?  In the past, interest rates were increased to support the Pound.

I also heard them say that a rate cut would boost gold prices... but seemingly not this time. Or perhaps a delayed reaction? What it could be, is that it was expected rates would be cut more than what they did... that is certainly what Trump is saying... he's complaining that the Fed didn't do enough... 

[KDave]

A cut in rates does not help gold; remember the first time the FED raised everyone said it would be bad for gold as it increased the opportunity cost of holding (and the logic in reverse was applied this time by the MSM) and that led to the spike in 2016. FED cutting rates will have the opposite effect.

[Guest]

24 minutes ago, goldmember44 said:

I also heard them say that a rate cut would boost gold prices... but seemingly not this time. Or perhaps a delayed reaction? What it could be, is that it was expected rates would be cut more than what they did... that is certainly what Trump is saying... he's complaining that the Fed didn't do enough... 

Yes, the market had priced in a 0.50% rate cut, the 0.25% cut caught out quite a few. 

[KDave]

The story I have heard is we should retest the former resistance that gold broke through recently as a support level, this will happen over the next couple of months, cheaper gold in the meantime as we reach that support level. Then we will see what happens, if it holds then I will join the rest of you in the bull camp. I reckon it will hold at the support but who knows, depends mainly on the actions of the Federal Reserve it seems. 

[JunkBond]

£1183.45

 

[Midasfrog]

Just saw that jump up to £1183 

One small step for the Royal Mint but one giant leap for gold stacker man 🧐

[Martlet]

Think price moves are pretty random right now, decline in response to moderate rate cut (heavily trailed), then popped up over $35 since lunchtime. 

[goluckystayhappy]

This pop up is all down to Trumps tweets.