Gold Monitoring Thread £ GBP only

[AuricGoldfinger]

14 minutes ago, JohnA1 said:

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

Can we please get off the topic of illegal immigration guys and stick to the original topic FFS.

 

 

 

 

 

 

 

 

 

So, anyway…back to TV licencing.

[Gruff]

Slight rise over night, lets see what Europe will do this morning...

[LemmyMcGregor]

3 hours ago, Gruff said:

Slight rise over night, lets see what Europe will do this morning...

Of gold or immigration? Or both? 🥸

£1,615!

[Coverte]

3 minutes ago, LemmyMcGregor said:

Of gold or immigration? Or both? 🥸

£1,615!

Been there last week - and down to £1581; pretty volatile on occasion, that's how Wall St make their money..

[LemmyMcGregor]

8 minutes ago, Coverte said:

Been there last week - and down to £1581; pretty volatile on occasion, that's how Wall St make their money..

I know, I'm struggling to figure out what to do in this rollercoaster.

[Richard82]

https://watcher.guru/news/brics-china-buys-225-tonnes-gold-worth-13-2-billion

[Chronos]

French Navy Plows Through Million Dollar Missiles To Defeat Cheap Houthi Drones:

https://www.zerohedge.com/geopolitical/french-navy-plows-through-million-dollar-missiles-defeat-cheap-houthi-drones

Massive Money-Printing Will Accelerate As Debt Soars:

https://www.zerohedge.com/markets/massive-money-printing-will-accelerate-debt-soars

[Agaupl]

3 minutes ago, Chronos said:

French Navy Plows Through Million Dollar Missiles To Defeat Cheap Houthi Drones:

https://www.zerohedge.com/geopolitical/french-navy-plows-through-million-dollar-missiles-defeat-cheap-houthi-drones

 

This is being well publicised in all media outlets now. 
Who could possibly predict what comes next? 

[JohnA1]

Launching missiles is easier politically than sitting on a table to agree on a Palestinial state.

[Agaupl]

17 hours ago, JohnA1 said:

Launching missiles is easier politically than sitting on a table to agree on a Palestinial state.

What would that look like? Given the history. What would be the negotiating stance? 
I only ask because in EVERY negotiation over a two state solution the Palestinian representatives have declined. If the proposed solution in 1947 wasn’t suitable.. what would be suitable now?

Edited January 16 by Agaupl

[Brit2023]

1 hour ago, Richard82 said:

https://watcher.guru/news/brics-china-buys-225-tonnes-gold-worth-13-2-billion

Continuing their brics expansion and removal of dollar as global trade currency

[Coverte]

The Fed current path of trying to follow a dual mandate is potentially going to effect the $ considerably.

To that end, as an example; a 10% increase in the gold-dollar exchange ratio would in theory take gold close to a notional $2,260 = close to £1780.

2024 is going to be a real roller coaster for the next few months for gold; but the year end looks increasingly promising to my eyes.

 

 

[Chronos]

'Miraculous' Upward Revision Rescues Germany From Recession In Latest Data:

https://www.zerohedge.com/markets/miraculous-upward-revision-rescues-germany-recession-latest-data

[Chronos]

US-owned cargo ship near Yemen hit by missile as fears grow conflict could spread:

https://www.theguardian.com/world/2024/jan/15/cargo-ship-near-yemen-reportedly-hit-by-missile-as-fears-grow-conflict-could-spread

Edited January 15 by Chronos

[Paul]

1 minute ago, Chronos said:

US-owned cargo ship near Yemen hit by missile as fears grow conflict could spread:

https://www.theguardian.com/world/2024/jan/15/cargo-ship-near-yemen-reportedly-hit-by-missile-as-fears-grow-conflict-could-spread

probably USA black-ops did it, creating the "reason"  to justify escalating the conflict and further US foreign policy in the Middle East 

 because they've never done that before in the past have they ?🤔🙄😕

[Petra]

6 minutes ago, Paul said:

probably USA black-ops did it, creating the "reason"  to justify escalating the conflict and further US foreign policy in the Middle East 

 because they've never done that before in the past have they ?🤔🙄😕

🫢😂😂😂

[silversky]

43 minutes ago, Paul said:

probably USA black-ops did it, creating the "reason"  to justify escalating the conflict and further US foreign policy in the Middle East 

 because they've never done that before in the past have they ?🤔🙄😕

Whilst I understand the cynicism re US foreign policy and the methods used to get American people on side, in reality, there are some very nasty people in the world and not just in the western deep state.  One look at the Houthi flag says all you need to know.  "God is the greatest, Death to America, Death to Israel, Curse the Jews, Victory to islam".  They're an unashamedly genocidal mob, who've gotten way too big for their boots.  The west has been busy ignoring them for years, but play silly games, win silly prizes.  Ask the Yemenis outside Houthi controlled areas what they think of them?  They're currently praying for them to be bombed into oblivion by the great Satan.

Edit: any big moves in gold due to conflict, are only going to come if Iran gets involved.  So far that looks unlikely, so I don't think this is having any impact at all on the gold price.

Edited January 15 by silversky

[Chronos]

"It's All Over": Powell's WSJ Mouthpiece And JPMorgan Confirm Imminent End Of QT:

https://www.zerohedge.com/markets/its-all-over-now-powells-wsj-mouthpiece-jpmorgan-confirm-qt-almost-over

'Bottom line: after several years of tightening, 2024 is when the liquidity floodgate reopen and not only does the Fed start to cut rates aggressively, but with QT tapering, we fully expect the next QE to be launched in the near future, sending the dollar into its next, and possibly final, reserve currency death spiral as printer goes BRRRR.'

  Edited January 15 by Chronos

[silversky]

Does gold trading come back online at 23:00?  I assume that the US desk is still closed today.

[Gruff]

And almost on cue... 
https://www.zerohedge.com/markets/its-all-over-now-powells-wsj-mouthpiece-jpmorgan-confirm-qt-almost-over

This will light a rocket under gold.

[Richard82]

It can go up at the end of next month please 😂😂

[Roy]

On 14/01/2024 at 11:29, jultorsk said:

MLK day. Markets are closed. 

🍻 🥂

[jultorsk]

25 minutes ago, Roy said:

🍻 🥂

Pffft.... not jelly at all.... we have an inch of snow and temps in 20F (-5C for metrics).... 

[James32]

4 minutes ago, jultorsk said:

Pffft.... not jelly at all.... we have an inch of snow and temps in 20F (-5C for metrics).... 

-5c pffffft

In my day we didn't sunbathe unless it was minus 30c

[Gruff]

5 minutes ago, James32 said:

-5c pffffft

In my day we didn't sunbathe unless it was minus 30c

I'm calling buuuulllllllsh!t