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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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4 minutes ago, Thelonerangershorse said:

Surely Iran's attack was already factored into the price of gold, I mean, we all knew it was coming.

To some extent yes, I think so.

Though what can't be factored in is the step after that, then the one after that, etc. So I think there will be a general 'febrility premium', but also the possibility that the price could still swing quite wildly in either direction depending on how the consequences of one event lead to another, then another...

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6 minutes ago, Thelonerangershorse said:

Surely Iran's attack was already factored into the price of gold, I mean, we all knew it was coming.

There is an excellent and very significant podcast series called “When diplomacy fails”.

The problem is the unexpected, the unpredictable.

Not my circus, not my monkeys

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6 minutes ago, Dankanugget said:

Factor in Russia joining in alongside Iran. USA will back away from helping Israel unfortunately.

🤔🤣🤣yeah, that’s going to happen 🤣

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Just now, Shuaib121 said:

What if it crashes? Always leave room for disappointment.

Hope not, but if it does then we can all buy the dip. Several years from now prices will be higher than today for sure.

Mankind’s two greatest enemies are the state and central banks - Jeff Berwick

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning - Henry Ford

The two most important days in your life are the day you were born and the day you find out why - Mark Twain

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4 minutes ago, Shuaib121 said:

What if it crashes? Always leave room for disappointment.

Doesn't look likely to be fair but we'll definitely see a huge correction in the coming weeks.

Edited by MrStacker
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