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Gold Monitoring Thread £ GBP only


Paul
Message added by ChrisSilver

This topic is to discuss price action in GBP, to discuss price action in $ USD, please see this topic: https://thesilverforum.com/topic/19962-gold-monitoring-thread-usd-only/

📌 For general non PM chat there is the Hangout topic here: 

 

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26 minutes ago, FriedrichVonHayek said:
Shanghai
8 Apr 2024
AM USD 2,372.26

$30 arbitrage to the US. Its hotting up..

The closer the collapse of an Empire, the crazier it's laws - Marcus Tullius Cicero

We had the warning in 2006-9 but central banks ignored it and just added new worthless debt to existing worthless debt to create worthless debt squared – an obvious recipe for disaster. - Egon von Greyerz

https://www.thesilverforum.com/topic/83864-uk-bank-regulations/

 

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24 minutes ago, Gruff said:

$30 arbitrage to the US. Its hotting up..

English only please Squire

Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants, and debt is the money of slaves

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Just now, flyingveepixie said:

Any predictions as to how the week will progress...?  For the moment gold is holding it's position well and even silver is making gains.

According to my chart, we now have £1848.49

£1,848.49

CORRECT

I'm still waiting for a massive crash down to £1625

Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants, and debt is the money of slaves

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29 minutes ago, bobski said:

English only please Squire

£23.47 arbitrage is interesting and will put more pressure on PMs moving Eastwards

The closer the collapse of an Empire, the crazier it's laws - Marcus Tullius Cicero

We had the warning in 2006-9 but central banks ignored it and just added new worthless debt to existing worthless debt to create worthless debt squared – an obvious recipe for disaster. - Egon von Greyerz

https://www.thesilverforum.com/topic/83864-uk-bank-regulations/

 

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£1,850.68

Just now, Gruff said:

£23.47 arbitrage is interesting and will put more pressure on PMs moving Eastwards

Stop speaking French

Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants, and debt is the money of slaves

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She's on the march

The closer the collapse of an Empire, the crazier it's laws - Marcus Tullius Cicero

We had the warning in 2006-9 but central banks ignored it and just added new worthless debt to existing worthless debt to create worthless debt squared – an obvious recipe for disaster. - Egon von Greyerz

https://www.thesilverforum.com/topic/83864-uk-bank-regulations/

 

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4 minutes ago, goluckystayhappy said:

I notice on Ig Index's gold chart, 60% of clients are short.  That's got to be hurting the higher is goes.

 

igshort.JPG

Maybe hedging their Sovs lol

Edited by BLOOMMAN101

I'm alright, Jack, Keep your hands off of my stack

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4 minutes ago, goluckystayhappy said:

I notice on Ig Index's gold chart, 60% of clients are short.  That's got to be hurting the higher is goes.

 

igshort.JPG

I think it's good to be short here on short term. I am short myself (opened it Friday) and adding to my shorts every$50

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16 minutes ago, goluckystayhappy said:

I notice on Ig Index's gold chart, 60% of clients are short.  That's got to be hurting the higher is goes.

 

igshort.JPG

People seem split depending on the time frame. If I was using that as an indicator I'd likely go opposite to the masses 🤣

IMG_20240408_075506.jpg

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