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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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9 minutes ago, HerefordBullyun said:

From the paul hardcastle song

What was it called again?

“Nowadays people know the price of everything and the value of nothing.” Oscillate Wildly

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Can anyone remember what we closed at last Friday? Yes I could check the chart, but why have a dog and bark yourself. 

I like to buy the pre-dip dip

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Quote

the study finds that the geopolitical risks of the seven economic powers in the sample significantly explain over 70% of the fluctuation of world gold return in periods of extremely high levels of geopolitical risks. However, the influence of these countries' geopolitical risks is relatively low during normal periods.

Do geopolitical risks from the economic powers dominate world gold return? https://link.springer.com/article/10.1007/s10644-023-09572-y

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1 minute ago, Go65 said:

Making a break for $2400 right now. 

That's about £1940 in old money

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 minute ago, Bratnia said:

Do you reckon its just a pre weekend rush to safety in a less safe world/era?

Possible, then again it could be a rush to pump before taking profit and slamming before close of markets. ( hopefully it's the former )

I like to buy the pre-dip dip

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