Gold Monitoring Thread £ GBP only

[gji25]

1 hour ago, ArgentSmith said:

Digital Gold? so like bitcoin but less useful?

You need to get up to speed . Digital gold is actually backed by physical gold unlike bitcoin 🤣

[9x883]

23 minutes ago, gji25 said:

You need to get up to speed . Digital gold is actually backed by physical gold unlike bitcoin 🤣

If SHTF just wait and see how easy it'll be to claim back your physical 1oz😂 

If you don't hold it, you don't own it!

[theman73]

6 minutes ago, 9x883 said:

If SHTF just wait and see how easy it'll be to claim back your physical 1oz😂 

If you don't hold it, you don't own it!

I don't need the physical, I just want to trade the way up.

Anyway, I can sell it at spot in seconds.

[modofantasma]

£1837.... Pre Victorian sov era now

[ArgentSmith]

12 minutes ago, theman73 said:

I don't need the physical, I just want to trade the way up.

 

If the case why pick yesterday to buy?

Sorry couldn't help it, carry on 😁

[modofantasma]

£1835

[Paul]

The one song you can all remember the lyrics to 

[theman73]

33 minutes ago, ArgentSmith said:

If the case why pick yesterday to buy?

Sorry couldn't help it, carry on 😁

Because I believe PMs are undervalued and whenever day you buy at some point, it will go up

[fehk2001]

6 minutes ago, theman73 said:

Because I believe PMs are undervalued and whenever day you buy at some point, it will go up

yea but people will still ask for student discount 😝

[Roy]

Oh dear...I bought @ £1940 because @Petra told me today's high will be tomorrow's low 😢

[KitchenCollector]

At this rate, I'm half tempted to buy back all the gold I sold the other week and make a (very) small profit.

If I was in buying mode, I'd be backing up the proverbial truck.

[Spyder]

The way it is going, I can see the 17 hundreds again so no rush to buy.  

[guywhostacks10122]

totally see 1700s then a buying frenzy over 2000 after that

[Paul]

7 minutes ago, Spyder said:

The way it is going, I can see the 17 hundreds again so no rush to buy.  

  

[Gruff]

Just now, Paul said:

  

Then wen moooooooon! 

[Paul]

2 minutes ago, Gruff said:

Then wen moooooooon! 

32nd of Octember Wonger reliably informed me 

[SidS]

12 minutes ago, Paul said:

32nd of Octember Wonger reliably informed me 

Noted it on my Diane Abbott pin up calendar, you'd better be right!

Edited April 30 by SidS

[BLOOMMAN101]

[BLOOMMAN101]

1 hour ago, theman73 said:

Because I believe PMs are undervalued and whenever day you buy at some point, it will go up

Not really a great reason for buying mate IMHO carry on like that and you could find you have thousands locked up in an asset that's trading sideways or falling . Thousands that could be better allocated elsewhere      “Markets can remain irrational longer than you can remain solvent.”John Maynard Keynes

Edited April 30 by BLOOMMAN101

[HonestMoneyGoldSilver]

1 hour ago, ArgentSmith said:

If the case why pick yesterday to buy?

Sorry couldn't help it, carry on 😁

Cheap sats available mate ... sorry, couldn't resist 😁

As for gold, wow, testing the supports as we speak around £1834/$2300

If $2300 goes, not to alarm anybody, the next stop is $2231 (1 month low) which is around £1780 ish. I think (hope) we bounce here, time will tell

There's a big sell-off happening today across just about everything. It's unusual for the S&P, NASDAQ, DOW, FTSE, DAX, CAC, MSCI Emerging, MSCI China, crypto, metals and oil to all be down in the same session. This is most definitely a sea of red:

The only thing that's up today is the Japanese market (TOPIX/Nikkei 225) which is due to the carry trade and the ongoing destruction of the Yen (an orchestrated scam), along with bonds (USA/UK Treasuries/Gilts)

[theman73]

5 minutes ago, BLOOMMAN101 said:

Not really a great reason for buying mate IMHO carry on like that and you could find you have thousands locked up in an asset that's trading sideways or falling . Thousands that could be better allocated elsewhere      “Markets can remain irrational longer than you can remain solvent.”John Maynard Keynes

I'm leveraged, so, in my opinion is worth a try.

[MrStacker]

Smack down on Friday might happen. Maybe even below 1800?? 😜

I feel like a bullion shopping spree is just around the corner for us stackers. If it keeps going down…
 

 

[ArgentSmith]

33 minutes ago, HonestMoneyGoldSilver said:

There's a big sell-off happening today across just about everything. It's unusual for the S&P, NASDAQ, DOW, FTSE, DAX, CAC, MSCI Emerging, MSCI China, crypto, metals and oil to all be down in the same session.

This is why dry powder is an important part of "portfolio"

[HonestMoneyGoldSilver]

Just now, ArgentSmith said:

This is why dry powder is an important part of "portfolio"

Hard to keep your powder dry when the buy/sell exists!

It is a good point though. If there is a dip in metals (this is not a dip, just volatility), then August-September might be a good time to have deep pockets and buy gold. I bought gold at that time last year and it worked out perfectly. I don't see a big dip in metals though as markets should have already priced in the Fed rate cuts, or lack thereof. According to the CME traders have priced in no cuts until November. The same thing happened a few months ago and people panicked when gold dipped, then it shot up almost 20%!! 

I like to be bullish when most people are pessimistic

[Petra]

5 hours ago, 9x883 said:

Ok, I hear ya, purse comming out 👛  🪙 🪙 

🤔👍👍