Gold Monitoring Thread £ GBP only

[stefffana]

7 minutes ago, Brit2023 said:

Don’t mention spoons Steffana might be online.

 

[GoldDiggerDave]

It's not going to the moon this week, so it's alarm at 6am and off to work you go in the morning........ Don't work too hard.  

 

[Gruff]

Gold down to £1590.64, about £10 since the opening in APAC

[Chronos]

US Plans Open-Ended War Against Houthis, But Biden Officials Assure It Won't Take "Years":

https://www.zerohedge.com/geopolitical/us-plans-open-ended-war-against-houthis-biden-officials-assure-it-wont-take-years

[HonestMoneyGoldSilver]

13 hours ago, bobski said:

Alex brought up Jeffery Epstein on the #911 broadcast of Joe Rogan years before it came out. He also covered the Builderberg group when the MSM said it didn’t exist. He talked about NSA spying on everything before Snowden. Predicted 9/11 in July on live tv. He’s been proven right on human/animal hybrids, he was talking about that 25 years ago.

And who could forgot the gay frogs. Around a year after he said that, PBS aired a documentary with a biologist showing how the frogs were changing sex abnormally due to chemical runoff. He literally was spot on about gay frogs

 

A lot of what AJ says is BS or spun from his own personal worldview (which earned him a lot of enemies) but the things you highlighted are 'true' or a close approximation of the truth. I've posted the 'Gay Frogs' video here before and while Alex is correct, he's correct for a different reason. The frogs aren't turning gay, they are changing sex due to the hormones and chemicals in the water and wider environment. The big question then becomes if this can happen to frogs can it happen to other animals, what about humans?

We notice the contaminants in the water flowing into US households and UK households. The USA is nuts, a smorgasbord or prescription medications including a heavy concentration of oestrogen, other hormones and mood regulators given to teenagers and those with mental issues. Weird how the previous generations didn't have this whole LGBTQ mantra or such a high prevalence of mental illness and cancers (check out 'Cancer Alley' in the USA or Europe, India, China). The truth is the largest sectors of our economies - including heavy industry and healthcare - have polluted our environment to a scandalous extent. Combined with a sedentary lifestyle, lesser free income and poor nutrition, we're all going to end up as gay frogs with cancer in our uterus, diabetes and mental illness

There's quite a few globalists who want us to end up in that position so that we're easier to control. The last thing the western governments want is a population of mostly fit, healthy and educated people who can see what our national and international governing bodies are promoting, and who have enough drive and energy to do something about it. We are to be sheep and baaaa on command with compelled speech and thought crimes

If we were all free, independent thinkers, we would demand to be paid in money like GOLD as opposed to currency. We would demand strong borders and we'd have less love for bonds, stock markets, draconian laws and expansionary monetary policies. Without the gay frogs and the environmental contaminants, none of the Democrats in the USA, Hamza Yousef, Rishi Sunak, Leo Varadkar, etc, would have jobs. They are incentivised to open our borders, make us weak, print our currency to infinity and destroy our moral fabric to enable their own sick visions of national and global governance. We should take what we can out of their system while we still have a choice in the matter:

Shame silver has been hammered lately but gold is still in rude health

[HonestMoneyGoldSilver]

Nixon, August 15th, 1971:

I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interests of the United States.

Texas, May 2nd, 2023:

In establishing the digital currency under Subsection (a)(2), the comptroller shall provide a means to ensure that a person who holds the digital currency may:

1. Use the digital currency as legal tender in payment of debt; and

2. By electronic means readily transfer or assign the digital currency to another person.

The trustee shall maintain enough gold and silver specie or bullion to provide for the redemption of all units of the digital currency issued but not redeemed.

Over time, as residents of the state use both Federal Reserve notes and silver and gold coins, the fact that the coins hold their value more than Federal Reserve notes do will lead to a ‘reverse Gresham’s Law’ effect, where good money (gold and silver coins) will drive out bad money (Federal Reserve notes).

As this happens, a cascade of events can begin to occur, including the flow of real wealth toward the state’s treasury, an influx of banking business from outside of the state – as people in other states carry out their desire to bank with sound money – and an eventual outcry against the use of Federal Reserve notes for any transactions.

[HonestMoneyGoldSilver]

39 minutes ago, silversky said:

I guess it's because it's pretty quiet for gold at the moment.  Personally I think gold is going to sag a bit from here till the end of the month at least.  Maybe even take a big nose dive.  I might even get really contrarian and sell some...  so many people think it's got nowhere to go except up, but I think it might have run out of steam for a while.  Who knows.

You might be right. The technical picture implies it was bad to fail at $2080 (27-28th Dec 2023) and we've now run out of momentum

The most recent gold easing has been primarily due to rate expectations but there's no further drop due to be priced in soon - 97.4% have priced in no rate cuts until May

There's a lot of support above $2000/oz

 

There is arbitrage to China and elsewhere who are paying 4%+ over spot on physical gold. I expect gold will meander above $2000 indefinitely and spike with geopolitics, recessionary fears, banking crises, rate cuts and DXY strength. The bull run in DXY also appears to be over. I expect neutral on gold for a couple of months but the future for 2024 as a whole is bright

It's always worth considering the downside and it's possible for gold to fall 10%+ from today's price. Holding above $2000 is important and you could try to wait until gold breaks $2000 and see what happens with the price. It's not guaranteed gold breaks though. Moderate DCA and BTD perhaps. You are right though gold is not without risks and a lot of people ignore them. I've said several times gold could theoretically lose 20% to $1600 but that is the absolute bottom, more likely $1800 is the real bottom. I'm happy with that risk in the context of DCA physical but not necessarily in the context of technical analysis or paper gold

[MrStacker]

You know...this has been the second consecutive week I failed miserably in predicting the gold price at sunday night/market opening hour. 😂 To make matters worse this is the second consecutive weekend where I've made a few bullion purchases thinking I would be safe when the price shoots to da mooooon. This gold price thread is a hard game to conquer.

 

[SovereignBull]

Pump it!

[silversky]

Gold has reacted by less than a £  

[SovereignBull]

3 minutes ago, silversky said:

Gold has reacted by less than a £  

I know I just like saying it! I had more influence on NFT price with a post on Twitter 🤣

[Earthmetal]

16 hours ago, bobski said:

No one, NO1, is taking my guns. I cant reiterate that enough

It's every Englishman's right to bear arms

I'm just restricted to which arms I bear (I want a quiet life)

Yup, still a right, not a privilege.

[iggypop]

Not all bad👍 The Micky mouse tokens are taking a hit. 

[Dankanugget]

Hi does anyone know how to view previous daily  gold prices? .

I'm after when it was $2044 .

Regards

D

Just now, Dankanugget said:

Hi does anyone know how to view previous daily  gold prices? .

I'm after when it was $2044 .

Regards

D

As in the last 6 months max.

[BLOOMMAN101]

7 minutes ago, Dankanugget said:

Hi does anyone know how to view previous daily  gold prices? .

I'm after when it was $2044 .

Regards

D

As in the last 6 months max.

Is this any use?

[BLOOMMAN101]

https://www.kitco.com/price/precious-metals/gold @Dankanugget

[Agaumac]

15 minutes ago, Dankanugget said:

Hi does anyone know how to view previous daily  gold prices? .

I'm after when it was $2044 .

Regards

D

As in the last 6 months max.

Or the Charts facility above here between forum quick links and trading feedback, just tap on gold, usd and timescale reqd.

[James32]

£1600 again.

[Gruff]

She's flirting with the £1600 mark again. Can she break back through that line?

[ChrisSilver]

Some off topic posts hidden, I know sometimes it is a bit grey area with political related news and other news, and how that can affect the underlying spot price of gold but it may be better to start new topics in the non PM section if it is a particular large news event as that will undoubtedly get a lot of replies/posts and go off topic to the gold price. 

Thank you to everyone who helps keep the forum tidy by reporting content for us and for posting in the most relevant topics or creating new ones if needed  

[Gruff]

After struggling all day yesterday to poke it's head above the £1600 mark, looks like it's been squashed lower again. Desperate to keep the spring coiled in my opinion

[Petra]

Looks like the £1600 area could be the everyday price for a while? Time below or above doesn’t seem to last very long at the moment 🤔🤔🌬️

[9x883]

1 hour ago, Petra said:

Looks like the £1600 area could be the everyday price for a while? Time below or above doesn’t seem to last very long at the moment 🤔🤔🌬️

Probably. Oscillates +/- £10 at the moment. 

[Petra]

16 minutes ago, 9x883 said:

Probably. Oscillates +/- £10 at the moment. 

Obviously prefer a bigger drop that is sustained for a little while so it actually effects dealers prices!🤔😮

[Coverte]

On 23/01/2024 at 10:30, Dankanugget said:

Hi does anyone know how to view previous daily  gold prices? .

I'm after when it was $2044 .

 

16th Jan this year.

5 hours ago, Petra said:

Obviously prefer a bigger drop that is sustained for a little while so it actually effects dealers prices!🤔😮

I've increased my potential low point to £1580 now, and have no great expectation of it staying down there for any consequential length of time, maybe not even a full trading day once everyone has paid tax and other mandatory January outgoings; 

I have both properties and a trade insurance in Jan, in addition to the 31.01.24 tax payment date, so glad I balanced the bulk of my PM's portfolio last year.

Edited January 24 by Coverte