Gold Monitoring Thread £ GBP only

[Gruff]

Just blew through £1890

[dicker]

Shorts in incineration territory.  

[9x883]

Jeepers

[Roy]

5 minutes ago, Paul said:

My biggest single purchase of gold was X10 Krugerrands in summer 2010

But it was physical, bank transfer and not on leverage 

Paul's happy today 

And more than doubled your money 🤩

[Gruff]

1 minute ago, dicker said:

Shorts in incineration territory.  

[9x883]

+19👀 by 10pm💥💥💥💥💪💪💪💪📈📈📈📈📈🥳🥳🥳🥳🥳🥳

[dicker]

Shorts……lol

[James32]

£1889 I'll never have to commit another crime..

[Go65]

2 minutes ago, Gruff said:

Just blew through £1890

[silversky]

2 minutes ago, dicker said:

I would be bricking it if I was short.  

Absolutely, so would I.  Remember what they did in December at the weekend in thin trading?  It was smashed up nearly 100 bucks in a couple of hours and wiped out whole loads of small traders who were short before tumbling back down again and wiping out the longs who had entered automatically while they were asleep after their buy orders were triggered.  That was a coordinated attack on the stops and limit orders.  And once it was off it became a self fulfilling cascade.  Right now, we know there are a lot of shorts, and good sense indicates that gold should fall with rate expectations indicating much later for any rate cut.  But it's not happenong and that is when lots of people get caught on the wrong side.  There will be many holding early shorts who think it's gone up for so long now that they should just hold their loss a tiny little bit longer and hope for an eventual downturn to escape.  That's when even bigger spikes happen.  If it does a big rise it'll fall hard again after that.  It always does.

[Paul]

Just now, Roy said:

And more than doubled your money 🤩

Buy more shiny 

I'm still stacking. I'll be buying once the year end is signed off by the accountant this week and I know where I'm at 

It may be a few tubes of milky maples with these gold prices

2 minutes ago, 9x883 said:

+19👀 by 10pm💥💥💥💥💪💪💪💪📈📈📈📈📈🥳🥳🥳🥳🥳🥳

Was my previous prediction incorrect? 

[dicker]

Just now, Paul said:

Buy more shiny 

I'm still stacking. I'll be buying once the year end is signed off by the accountant this week and I know where I'm at 

It may be a few tubes of milky maples with these gold prices

How many in a tube?

[Go65]

Just now, silversky said:

Absolutely, so would I.  Remember what they did in December at the weekend in thin trading?  It was smashed up nearly 100 bucks in a couple of hours and wiped out whole loads of small traders who were short before tumbling back down again and wiping out the longs who had entered automatically while they were asleep after their buy orders were triggered.  That was a coordinated attack on the stops and limit orders.  And once it was off it became a self fulfilling cascade.  Right now, we know there are a lot of shorts, and good sense indicates that gold should fall with rate expectations indicating much later for any rate cut.  But it's not happenong and that is when lots of people get caught on the wrong side.  There will be many holding early shorts who think it's gone up for so long now that they should just hold their loss a tiny little bit longer and hope for an eventual downturn to escape.  That's when even bigger spikes happen.  If it does a big rise it'll fall hard again after that.  It always does.

Ah music to my ears. It’s happened so many times to me I’ve lost count. I feel sorry for them…oh wait a minute…not holding physical and playing the markets…no I don’t. 

[Gruff]

1 minute ago, dicker said:

How many in a tube?

1

[dicker]

Even the “ginger step child” (silver) is up significantly.  

[James32]

£1890 anything is possible now.

[9x883]

£1891!!!

[James32]

Just now, 9x883 said:

£1891!!!

Sheet that was a quick pound

[Gruff]

Are we in for a £1900 finish?

[James32]

Just now, Gruff said:

Are we in for a £1900 finish?

I would have laughed at you this morning 

[Sovhead]

Just now, James32 said:

I would have laughed at you this morning 

It seems it was only a few days ago you were off to bed saying you hoped it would go over £1800 when you got up 😳

[Go65]

1 minute ago, Gruff said:

Are we in for a £1900 finish?

If not I will show my ***** in Burtons window.

 

 

only for educational purposes

[Paul]

£1900oz before my last pint of the night ?hhmmmmmmm

Our pool team is winning 5-1 

I better stop out till last orders just in case,

to save powering the laptop in when I get home 

 

[SlowFrog]

Here's my technical analysis:

[silversky]

7 minutes ago, James32 said:

I would have laughed at you this morning 

I'm out of laugh reactions for the day