Gold Monitoring Thread £ GBP only

[GoldDiggerDave]

This thread is turning into a whole new kind of special!   I miss Trump as every time he opened he mouth Gold when up,  It was a simple game plan buy when he was sleeping and sell when he wakes up!  

[Paul]

1 hour ago, GoldDiggerDave said:

This thread is turning into a whole new kind of special!   I miss Trump as every time he opened he mouth Gold when up,  It was a simple game plan buy when he was sleeping and sell when he wakes up!  

Yooooooo essssssssss aaaaaayyyyy, Yooooooo essssssssss aaaaaayyyyy, Yooooooo essssssssss aaaaaayyyyy ! 🇺🇸 🇺🇸🇺🇲🇺🇸🇺🇲🇺🇸

[FriedrichVonHayek]

2 hours ago, bobski said:

He’s honestly utterly brilliant! Perfect VP material for The Donald

I agree, but his WEF connections make me suspicious of him.

[Agaupl]

2 hours ago, Chronos said:

Iran Launches Ballistic Missiles Against Foreign 'Espionage Centers' In Iraq's Erbil:

https://www.zerohedge.com/geopolitical/iran-launches-ballistic-missiles-against-foreign-espionage-centers-iraqs-erbil

Yep that’s direct Iranian reaction for Yemen. How Iraq, once one of the most powerful countries in the Middle East have to just sit back and let Iran do what’s it wants is criminal. 

[FriedrichVonHayek]

31 minutes ago, Agaupl said:

Yep that’s direct Iranian reaction for Yemen. How Iraq, once one of the most powerful countries in the Middle East have to just sit back and let Iran do what’s it wants is criminal. 

Most of the Iraqis are Shia's like the Iranians and Erbil is in Kurdistan so I'm sure that many Iraqis won't care.

I believe the Iranians were targeting Israelis and Americans in Erbil.

 

[JohnA1]

2 hours ago, FriedrichVonHayek said:

I agree, but his WEF connections make me suspicious of him.

Lets not forget what his greatest achievement was (according to him): Operation Warp Speed

[Lyrinn]

It's only £1,615/oz at the moment.

It feels like the spring is just coiling, waiting to launch to the moon...

2024 is going to be a fun year.

[Gruff]

1 minute ago, Lyrinn said:

It's only £1,615/oz at the moment.

It feels like the spring is just coiling, waiting to launch to the moon...

2024 is going to be a fun year.

I see that the USD price has dropped a bit, I'm assuming it is a strengthening of said USD against all other currencies. Will be interesting to see what happens for 1000 opening in NY, it is is going to be the old playbook of slamming it down. 

[Agaupl]

1 hour ago, FriedrichVonHayek said:

Most of the Iraqis are Shia's like the Iranians and Erbil is in Kurdistan so I'm sure that many Iraqis won't care.

I believe the Iranians were targeting Israelis and Americans in Erbil.

 

I know.. but a large minority particularly in central Iraq are Sunni and have been sold out by the US. They do care about the total disregard of Iraqi sovereignty. Which to them also includes the Kurdish controlled areas. I know this from Iraqi Sunni friends. 

The targets in Erbil seem to have been Mossad centres close to the US embassy. 
 

will be interesting if this spreads to Azerbaijani sites too.. more quietly. They also attacked sites in Syria as did the IAF. Definitely simmering strongly. 

Edited January 16 by Agaupl

[Zhorro]

4 minutes ago, Lyrinn said:

2024 is going to be a fun year.

 

Didn't someone say that about 2023, 2022, 2021...

[Petra]

No doubt they were all saying this at the beginning of 1929, maybe not by the end of the year🤔🫢

[Chronos]

Two Big Risks in 2024-20225: an Economic Slowdown and Expanding Hegemonic Conflicts:

https://rodriguetremblay100.blogspot.com/2024/01/january-11-2024-two-big-risks-in-2024.html

[Chronos]

Seeking Green Utopia, The US And EU Are Quietly Killing Vital Industries:

https://mishtalk.com/economics/seeking-green-utopia-the-us-and-eu-are-quietly-killing-vital-industries/

[Agaupl]

Are we looking at a rate cut at the end of the month? 

[Chronos]

Europe's big powers back out of US-led bombing campaign of Yemen:

https://new.thecradle.co/articles-id/18629

Thousands Of Tractors Blocks Berlin Traffic Over Plan To End Diesel Subsidy:

https://www.zerohedge.com/political/thousands-tractors-blocks-berlin-traffic-over-plan-end-diesel-subsidy

[Petra]

34 minutes ago, Chronos said:

Europe's big powers back out of US-led bombing campaign of Yemen:

https://new.thecradle.co/articles-id/18629

Thousands Of Tractors Blocks Berlin Traffic Over Plan To End Diesel Subsidy:

https://www.zerohedge.com/political/thousands-tractors-blocks-berlin-traffic-over-plan-end-diesel-subsidy

and?🤔😮

[Lyrinn]

2 hours ago, Zhorro said:

Didn't someone say that about 2023, 2022, 2021...

4th time's the charm, my fellow...!

[Gruff]

1 hour ago, Agaupl said:

Are we looking at a rate cut at the end of the month? 

Potentially in the US, but more imminently an "end" to QT and a return to MMT QE (it never really went away, other vehicles and operations enabled this, like the reverse repo market etc... 

[HonestMoneyGoldSilver]

1 hour ago, Agaupl said:

Are we looking at a rate cut at the end of the month? 

Last I heard there was a coordinated fix due to happen in May or later but not before. With the UK experiencing above target inflation it's a risky move to cut before the Fed as it would definitely weaken GBP and cause more inflation (especially in gold, silver, oil and USD-priced commodities)

I called it while the BoE was still hiking - we would play catch-up and regain rate parity with the Fed (I was expecting peak 5.75-6%). The BoE then enacted its largest daily hike since 1995 (50 bp or 0.5%). I think there will be an orchestrated, if brief, financial recovery with cuts later in 2024, miraculously just in time for the elections in the US and UK. That shouldn't happen as the BoE/Fed are legally independent from government and not political entities but hey, that's what I think will happen and I'm not alone in being a cynical steward

It should be a fun year for gold and silver

[Dankanugget]

Time to get 5g bars again?

[Agaupl]

16 minutes ago, HonestMoneyGoldSilver said:

Last I heard there was a coordinated fix due to happen in May or later but not before. With the UK experiencing above target inflation it's a risky move to cut before the Fed as it would definitely weaken GBP and cause more inflation (especially in gold, silver, oil and USD-priced commodities)

I called it while the BoE was still hiking - we would play catch-up and regain rate parity with the Fed (I was expecting peak 5.75-6%). The BoE then enacted its largest daily hike since 1995 (50 bp or 0.5%). I think there will be an orchestrated, if brief, financial recovery with cuts later in 2024, miraculously just in time for the elections in the US and UK. That shouldn't happen as the BoE/Fed are legally independent from government and not political entities but hey, that's what I think will happen and I'm not alone in being a cynical steward

It should be a fun year for gold and silver

Sorry I meant a fed rate cut. 

[Agaupl]

22 minutes ago, Gruff said:

Potentially in the US, but more imminently an "end" to QT and a return to MMT QE (it never really went away, other vehicles and operations enabled this, like the reverse repo market etc... 

yes I agree. It’s coming in q2 at the latest. As was said by @HonestMoneyGoldSilver got to have those numbers looking good for November. 

[Coverte]

2 hours ago, Agaupl said:

Are we looking at a rate cut at the end of the month? 

 

No, not that soon in either UK or USA - both delaying the inevitable in the (naive/optimistic) hope of a soft landing.

As in 2008, something will 'break' nobody is expecting, inevitable at current debt levels IMHO. 

[SidS]

2 minutes ago, Coverte said:

As in 2008, something will 'break' nobody is expecting, inevitable at current debt levels IMHO. 

Probably my bank balance. 😁

[Agaupl]

4 minutes ago, Coverte said:

No, not that soon in either UK or USA - both delaying the inevitable in the (naive/optimistic) hope of a soft landing.

As in 2008, something will 'break' nobody is expecting, inevitable at current debt levels IMHO. 

It’s getting closer. I agree probably hold this month again.  But in March then it gets interesting. Australia seem to be front running. I’m expecting a cut sooner