Gold Monitoring Thread £ GBP only

[Chronos]

Latest Congressional Can-Kick Delays Debt Ceiling Doom Until March:

https://www.zerohedge.com/political/latest-congressional-can-kick-delays-debt-ceiling-doom-until-march

[silversky]

Thoughts on tonight's open?  Will we see gold continue back up?  Or is it going to turn further down?  My bet is that this week will be made up of smaller movements and some consolidation around this level, international events aside.

[Gruff]

3 minutes ago, silversky said:

Thoughts on tonight's open?  Will we see gold continue back up?  Or is it going to turn further down?  My bet is that this week will be made up of smaller movements and some consolidation around this level, international events aside.

That's a decent shout! Are there any government releases of data due this week?

[Richard82]

I'm hoping it goes down steadily over next 2 weeks and then I will have some funds to buy more.

I'm buying at the end if the month so it will probably be a all time high 😂😂

[Gruff]

1 minute ago, Richard82 said:

I'm hoping it goes down steadily over next 2 weeks and then I will have some funds to buy more.

I'm buying at the end if the month so it will probably be a all time high 😂😂

Doesn't matter when you're DCAing

[Brit2023]

5 minutes ago, silversky said:

Thoughts on tonight's open?  Will we see gold continue back up?  Or is it going to turn further down?  My bet is that this week will be made up of smaller movements and some consolidation around this level, international events aside.

Tonight’s open …..Novak Djokovic  won so continues back up. Definitely some smaller movements and consolidation at this level as early in the tournament. All to play for🤓

[Richard82]

3 minutes ago, Gruff said:

Doesn't matter when you're DCAing

I just buy when I can regardless of spot.

If it's not over priced and you are keeping hold of it you generally don't lose out.

[Richard82]

Argentina currency is on the verge of total collapse. Don't know if that will effect anything 

[9x883]

Probably up tonight

https://www.standard.co.uk/news/world/uk-us-airstrikes-red-sea-attacks-houthis-joe-biden-yemen-b1132165.html

 

[silversky]

14 minutes ago, Gruff said:

That's a decent shout! Are there any government releases of data due this week?

Nothing major in USA, building permits and the like.  UK has unemployment and inflation numbers on 16th / 17th

[Gruff]

4 minutes ago, silversky said:

Nothing major in USA, building permits and the like.  UK has unemployment and inflation numbers on 16th / 17th

So that might tank GBP then dependent on the publication. 

[jultorsk]

15 minutes ago, silversky said:

Nothing major in USA, building permits and the like.  UK has unemployment and inflation numbers on 16th / 17th

MLK day. Markets are closed in US.

https://investorplace.com/2024/01/is-the-stock-market-closed-on-martin-luther-king-jr-day-2024/

[silversky]

2 minutes ago, Gruff said:

So that might tank GBP then dependent on the publication. 

Yeah there might be a bit of divergence.  Retail sales as well on the 19th.  Forecast to be a contraction, but GDP came in slightly better last week so who knows.  I think the war issue is going to come to nothing.  It's going to be a little tit for tat type event, slowly degrading the rock bangers ability to hit shipping in the red sea.  Not a big driver of gold price in my opinion.  

[BLOOMMAN101]

17 minutes ago, jultorsk said:

MLK day. Markets are closed in US.

https://investorplace.com/2024/01/is-the-stock-market-closed-on-martin-luther-king-jr-day-2024/

that's an up day then IMHO  nobody to slap it down in the afternoon

[LemmyMcGregor]

Do you think that the price of gold mooning will have an impact on the TV licence's cost?

 

sorry, I couldn't help myself

[Chronos]

UK aircraft carriers can’t be sent to Red Sea because of Navy staffing crisis:

https://www.telegraph.co.uk/news/2024/01/12/aircraft-carriers-not-ready-red-sea-navy-recruitment-crisis/

[Petra]

1 minute ago, Chronos said:

UK aircraft carriers can’t be sent to Red Sea because of Navy staffing crisis:

https://www.telegraph.co.uk/news/2024/01/12/aircraft-carriers-not-ready-red-sea-navy-recruitment-crisis/

Why do we need an aircraft carrier out there anyway? No need to project any power out there. Perfectly good air base just down the road (already being used) …. Akrotiri😮🤔

[Bigmarc]

6 minutes ago, Chronos said:

UK aircraft carriers can’t be sent to Red Sea because of Navy staffing crisis:

https://www.telegraph.co.uk/news/2024/01/12/aircraft-carriers-not-ready-red-sea-navy-recruitment-crisis/

I have a mate who has been a officer in the navy for six years and has never been to sea once because the three times they have tried the ship broke down. He said quiet a few of the ships can't move. 

[LemmyMcGregor]

18 minutes ago, Bigmarc said:

I have a mate who has been a officer in the navy for six years and has never been to sea once because the three times they have tried the ship broke down. He said quiet a few of the ships can't move. 

Well... this explains why we can't stop even the dinghies...

[Chronos]

Gold's Time To Shine: Goldman Sees "Most Immediate Compelling Upside Opportunity" In Barbarous Relic:

https://archive.is/rXKa1

[theman73]

55 minutes ago, LemmyMcGregor said:

Well... this explains why we can't stop even the dinghies...

Nah, they don't want to stop the dinghies, they create a problem that miraculously will be solved before the election. Exactly like the backlog in processing asylum applications... bloody politics

[LemmyMcGregor]

43 minutes ago, theman73 said:

Nah, they don't want to stop the dinghies, they create a problem that miraculously will be solved before the election. Exactly like the backlog in processing asylum applications... bloody politics

I know, we could simply use the patrol boats sent to escort them here and escort them the other way instead, just having a laugh hinting that we don't have any functional navy, some times I like to take it easy, else I'd be here all day screaming "inflation" every time anyone comes up with a fantastic explanation for the price of gold going up.

The problem won't be solved, but they'll announce a magical solution, which obviously will not be implemented, because they need more money, or Voldemort is back, or something like that.

[Sovhead]

1 hour ago, theman73 said:

Nah, they don't want to stop the dinghies, they create a problem that miraculously will be solved before the election. Exactly like the backlog in processing asylum applications... bloody politics

It can’t be solved it’s already too late.

Doesn’t matter who you vote for they’re all told what to do and they do it.

 

[JohnA1]

2 hours ago, LemmyMcGregor said:

Well... this explains why we can't stop even the dinghies...

Would anyone bother jumping on the dinghies if there were no strong financial incentives on the other side?

[apachebleu]

10 hours ago, Coverte said:

The Jubilee proofs are already doing pretty well, the other 2 maybe a rather longer haul, judging by the way Chards etc are still trying to ditch their coronation stock, the RM s made massive volumes of both these, way more than ever before.

Still a good longer term proposition for the long haul, I got a number of doubles as well, those lower premiums I prefer.

 For sure. I don't think they are particularly investment worthy right now but I've not seen any fakes as yet so if nothing else I see these as a safe buy at least.

 End of the day I'm buying as a Bullion soverign and if it never gains a premium then no worries, if it does then it's a no lose bet.