Gold Monitoring Thread £ GBP only

[Go65]

1 minute ago, silversky said:

Gravestone doji......

My plan worked!

I’m glad I didn’t say THAT here!

[katyc]

So, not been here for 15 hours. This thread has gone from page 820 to 838. No chance of catching up!

And, for a change, I'm not to blame for a large percentage of the comments!

[ZRPMs]

Wait, What happened. Where did the chance of £2000 disappear to 

[Go65]

Just now, katyc said:

So, not been here for 15 hours. This thread has gone from page 820 to 838. No chance of catching up!

And, for a change, I'm not to blame for a large percentage of the comments!

Well, gold went up £50 and everyone was excited and now it’s back down and everyone’s depressed. 

[Upsidedown]

Just now, ZRPMs said:

Wait, What happened. Where did the chance of £2000 disappear to 

It rolled over to next week

[SidS]

Just now, Upsidedown said:

It rolled over to next week

Not impossible, probably quite likely.

Personally I'd like to see a few months consolidation in the £1900-£1920 zone.

[ZRPMs]

Just now, Upsidedown said:

It rolled over to next week

shesssh That's me back to Harrods to return the caviar. Best buy bean's it is then.

[ArgentSmith]

[silversky]

2 minutes ago, Go65 said:

My plan worked!

I’m glad I didn’t say THAT here!

The weekly chart isn't bearish at all.  And any sort of rise back to say 1920 or so would make the daily and hourly look terribly bullish again.  This is the long awaited spike and drop, we just have to see where it reverts before deciding whether it's a buy sell or neutral outlook..  As I said to Roy about 50 pages ago now (in reality just 16 hours ago ),  Wait.  See where the vibrations settle and then make a call.

The shorts got their bottoms spanked and washed out to sea.  That's always what happens in a crazy explosion like this.  Even the longs will have got all sorts of positions triggered in and out by mistake.  Gonna be a few days to settle and choose a direction, and the rest of the market is still sloshing around too.  I might sell a little this weekend and take some off the table.  Who knows.

[silversky]

7 minutes ago, katyc said:

So, not been here for 15 hours. This thread has gone from page 820 to 838. No chance of catching up!

And, for a change, I'm not to blame for a large percentage of the comments!

You almost said rubbish  

[AuricGoldfinger]

13 minutes ago, pricha said:

Next week you plonker!

[Gruff]

Under £1900 now. I reckon the market manipulators makers will keep it there into the close

[HerefordBullyun]

4 minutes ago, Gruff said:

Under £1900 now. I reckon the market manipulators makers will keep it there into the close

London trading desk is already closed its us doing now.  

[Go65]

10 minutes ago, silversky said:

The weekly chart isn't bearish at all.  And any sort of rise back to say 1920 or so would make the daily and hourly look terribly bullish again.  This is the long awaited spike and drop, we just have to see where it reverts before deciding whether it's a buy sell or neutral outlook..  As I said to Roy about 50 pages ago now (in reality just 16 hours ago ),  Wait.  See where the vibrations settle and then make a call.

The shorts got their bottoms spanked and washed out to sea.  That's always what happens in a crazy explosion like this.  Even the longs will have got all sorts of positions triggered in and out by mistake.  Gonna be a few days to settle and choose a direction, and the rest of the market is still sloshing around too.  I might sell a little this weekend and take some off the table.  Who knows.

Excellent explanation and much appreciated . Just can’t show it 🙁. This emotion limit for silver members is really boring.

If I could I would. ❤️❤️❤️❤️❤️😀😀😀😀😀❤️❤️❤️❤️❤️

[Gruff]

Just now, HerefordBullyun said:

London trading desk is already closed its us doing now.  

100% Bully and they will slam it into the dirt, pick it up and slam it down harder again. 

[BLOOMMAN101]

Cheer up there is aways plan B

[Darr3nG]

1 minute ago, BLOOMMAN101 said:

Cheer up there is aways plan B

Silver?

[James32]

Put the caviar down...today is a soup day!!

[MickB]

Just now, James32 said:

Put the caviar down...today is a soup day!!

Ya peasant

[BLOOMMAN101]

1 minute ago, Darr3nG said:

Silver?

£500 On the nose Panda Boy in the national tomorrow 

[HerefordBullyun]

4 minutes ago, James32 said:

Put the caviar down...today is a soup day!!

Back to the beans poor old bully...

 

[silversky]

If we look at the underlying USD chart, the candle produced is not too dissimilar to the one in December when the massive spike and dump occurred during illiquid Sunday night trading.

That December spike occurred at the end of an 8 week move upwards, and it heralded a little fall before range trading sideways for three months.  It then broke out from the inverse dollar relationship 6 weeks ago, rising relentlessly before making this big spike in the last 24 hrs.  The question is whether this is it? Or whether it will drop back towards 2300 area and enter another range trade type of pattern?  Is there any likelihood of further strong declines in precious metals? Or is the downside reasonably protected by past inflation?  I can't see it but I didn't see this spike either, or is there is any fuel left from whoever the secret source is that's bidding up gold like this?  This isn't Central Bank buying, unless one has declared war on the others or something outlandish....

There is talk of big hidden OTC trades exceeding the size of China's Central Bank, but that all sounds a little bit crazy to me.  Then again what else explains the rise when actual sales aren't enormous?  It's not exactly transparent.  I suspect a period of reflection a bit like after December is what's coming for a bit.

[Zhorro]

3 hours ago, Zhorro said:

I'd be happier if I knew who was buying and why.

I'd be happier if I knew who was selling and why.

[Smiler999]

Guess who bought a couple of sovs at 1920....mug here 😐

Edited April 12 by Smiler999

[James32]

Just now, Smiler999 said:

Guess who bought a couple of sons at 1920....mug here 😐

Yes Lad... you bought all-time high(ish) we thank you for crashing the market.