Gold Monitoring Thread £ GBP only

[SidS]

9 minutes ago, Gruff said:

In the UK, I expect that Labour will go on a spending binge, fueled by deficit spending and then in 18 months time, look to jack up taxes all over the place, blaming Conservatives whilst doing so.

I wonder if the Tories still have that note that was left to them by Labour in 2010 that said, "we've spent all the money". Might as well leave it out on the desk for the incoming Labour chancellor.

[katyc]

14 minutes ago, bipolar said:

Excuse my ignorance, but what is driving the gold price up at the moment? Until recently, the price was pretty stable. 

The central bank buying (all over the world). And the Chinese people apparently see what's coming as they're in a right state over there.

Many other factors too (incl. knowing rates will come down means the smart money are moving over in preparation)

And conflicts in the world of course affect it.

Then it'll be in the media more and more, so Jo Public will jump on our party train.

Edited April 10 by katyc

[SidS]

4 minutes ago, katyc said:

Awww...

[Sovhead]

1 hour ago, James32 said:

£3k by close tonight 

You’re cutting back your spending?

[SidS]

2 minutes ago, katyc said:

The central bank buying (all over the world). And the Chinese people apparently see what's coming as they're in a right state over there.

Many other factors too (incl. knowing rates will come down means the smart money are moving over in preparation)

Then it'll be in the media more and more, so Jo Public will jump on our party train.

When the news starts pumping gold, that's when you know you're at the brow of the hill.

Edited April 10 by SidS

[silversky]

1 minute ago, bipolar said:

Excuse my ignorance, but what is driving the gold price up at the moment? Until recently, the price was pretty stable. 

That my friend is the big question.  Since March it has seemingly confounded all the usual "experts" and broken free of the inverse relationship with the US dollar.  Loons and crazies on here will tell you all manner of reasons as to why... the truth probably contains a bit of each of those reasons.

[ZRPMs]

7 minutes ago, bipolar said:

Excuse my ignorance, but what is driving the gold price up at the moment? Until recently, the price was pretty stable. 

Worlds going to  Too much to pin point

[9x883]

I don't think the rates news is driving it. More likely the next phase  in the Russia-Ukraine war or the Gaza conflict. Gold buying by Central banks serving as a financial buffer for the impending economic ramifications of it all!

[Go65]

10 minutes ago, bipolar said:

Excuse my ignorance, but what is driving the gold price up at the moment? Until recently, the price was pretty stable. 

I was just getting into my stride with gold purchasing and the universe wanted to do what it always does. Fxxx me up!

[katyc]

Well ladies and genitals. We are moving up again. Even hot inflation isn't hurting gold atm - it fought straight through a slight drop. I think this says it all. This is a REAL run. And it's only just begun.

(Terms and conditions apply: Do not confuse this with definite facts. I do not want to be the new reverse-Wonga and butt of every joke on TSF)

[katyc]

£1858

[silversky]

So if I had gone short on Friday afternoon, hoping that this week was going to see a local top put in and a sizeable correction....  I'd be getting a little bit worried by now.

We've had three days of ranging about which is normal, but this meeting was supposed to be a trigger to send it crashing back down.  It hasn't happened decisively yet, and even a move to the upside appears to be starting to form in shorter timescales.  I'm picking Up for the end of this week as per my poll.

[ArgentSmith]

16 minutes ago, bipolar said:

Excuse my ignorance, but what is driving the gold price up at the moment? Until recently, the price was pretty stable. 

In a nutshell we’re fcuked!

[katyc]

one eight six twooooooooo

[9x883]

Just now, katyc said:

one eight six twooooooooo

BoOM 💥 💥 💥 📈📈📈📈📈

[treetop1280]

1 hour ago, silversky said:

Looks like up has the upper hand in the real world for now...  but not much in it really.

Bloomman's vote takes it to 2 up 1 down and 3 neutral.  A few more and we'll have enough votes for an FOMC rates meeting.... 

Friendly reminder. Up >1870.00, Down <1832.00, Neutral anywhere between.  Close of market when it stops moving...

 

@MrStacker up the anti on the graphs bud , your getting destroyed as per usual,??? check out @silversky, he’s just banged in 2 in the same post”, he’s got you with both barrels on that one ??👍

[9x883]

Jeepers. The news just spurs it on. Beastmode!!!! £1864

[katyc]

3 minutes ago, ArgentSmith said:

In a nutshell we’re fcuked!

Silver may finally get it's day in the sun then at least 😬🤞

Back to gold:

£1864 🤯

[katyc]

2 minutes ago, 9x883 said:

Beastmode

[9x883]

4 minutes ago, ArgentSmith said:

In a nutshell we’re fcuked!

Yep. Back to the bunker with you

[silversky]

Poll stands at

Paul: U, James32: N, PhilB: N Honest Money: N Bloom: D Katyc: N Silversky: U

Guess for close of the week when the last tick stops. >1870.00 equals Up, <1832.00 equals Down.  in the middle Neutral.

[James32]

6 minutes ago, 9x883 said:

BoOM 💥 💥 💥 📈📈📈📈📈

Not talking in code..

Reporting 

[James32]

£1865 I'm alive..

[9x883]

1 minute ago, James32 said:

Not talking in code..

Reporting 

It's how the Egyptians did it 

[Go65]

2 minutes ago, silversky said:

Poll stands at

Paul: U, James32: N, PhilB: N Honest Money: N Bloom: D Katyc: N Silversky: U

Guess for close of the week when the last tick stops. >1870.00 equals Up, <1832.00 equals Down.  in the middle Neutral.

Can I play? My mum says I have to make friends.  UP