Gold Monitoring Thread £ GBP only

[dicker]

So where to from here.....my gut instinct is 1500 by Christmas (appreciate gold futures don’t indicate this).  Driven by more QE, QE spent on corporate bonds and a risk off approach to investing in the wider market.  I only every make money by looking at the macro and long term, and think it looks good for gold.

 

[MancunianStacker]

13 minutes ago, dicker said:

So where to from here.....my gut instinct is 1500 by Christmas (appreciate gold futures don’t indicate this).  Driven by more QE, QE spent on corporate bonds and a risk off approach to investing in the wider market.  I only every make money by looking at the macro and long term, and think it looks good for gold.

 

I’ve been thinking £1,800 for some time (by Christmas). 

[dicker]

I thought there would be some consolidation overnight....nope....1460

[Zhorro]

I think the price in Pounds is now in record highest price territory – it is amazing how blazé we have become about this!

[dicker]

1465 and counting

[MancunianStacker]

[dicker]

BTW my prices are from Kitco

[Nick1368]

14 hours ago, dicker said:

So where to from here.....my gut instinct is 1500 by Christmas (appreciate gold futures don’t indicate this).  Driven by more QE, QE spent on corporate bonds and a risk off approach to investing in the wider market.  I only every make money by looking at the macro and long term, and think it looks good for gold.

 

looks like your prediction of £1500 will happen by tomorrow 

[dicker]

🙂 Always happy to be wrong!

best

Dicker

[Kman]

13 minutes ago, Nick1368 said:

looks like your prediction of £1500 will happen by tomorrow 

Dollar red vs gold blue

Perfect combination to make all the times highs in other currencies

Edited July 22, 2020 by Kman

[Nick1368]

I wonder if it has anything to do with Judy Shelton and her idea of a gold standard economy as well ?

[brassmonkey]

I'm truly shocked! Gold and Silver doing great impressions of rockets! Looks like Kiyosaki and Maloneys predictions are coming good...

But, what's happened to drive these record highs??? 

 

[Paul]

4 minutes ago, brassmonkey said:

Maloneys predictions are coming good...

Ive got my x500 oz of silver to buy a median sized family home, infact ive got enough for a street !! still waiting..................

Stopped clocks are still right twice daily  

[HerefordBullyun]

Just now, brassmonkey said:

I'm truly shocked! Gold and Silver doing great impressions of rockets! Looks like Kiyosaki and Maloneys predictions are coming good...

But, what's happened to drive these record highs??? 

 

QE is going to big a factor and the COMEX buys of physical. COVID19 isnt helping its bedlam in the US. Trade wars and heated tensions between china vs USA including COVID accusations. China is continually putting preassure on Taiwan also, which the west dont like, its a strategic place for western allies like Japan and AUS. Eric sprott bought 70 million ozs of silver yesterday. This morning when i checked the asian markets were going beserk for both PM's its calmed down since then. I mean we are also seing shrinking GDPs of many countries also including massive debt bubbles everywhere. When people see these bubbles getting bigger they panic and the demand for PMS increase also. just for my 2ps worth.

[Paul]

imagine the fun in years ahead if moves like this begin to be common occurrences with more gloom and doom porn news coming out 

for daftness sake if gold is at £100,000oz but society is like Mad Max - not going to be much to spend it on if everywhere is shut down ! 

[Spanishsilver]

Lol I’ve always said if nuclear war breaks out I want the first missile to land on my head. I don’t want to live in the nuclear wilderness mad max style 😆

[mr-dead]

17 hours ago, motorbikez said:

Lol I could buy a decent two bedroomed house at this moment in time in my area with my current holdings & yes hold your nerve I believe this has a while to run yet. Gold will IMHO exceed $2000 USD before this years out & who knows where silver will be I wasn't expecting silver to Break $21 USD so quickly.

If you are holding out to buy a property dont forget to factor in the stamp duty holiday period.  May mitigate some of you PM gains if you miss the window.

[Kman]

19 minutes ago, brassmonkey said:

But, what's happened to drive these record highs??? 

The sharp rise past couple days seems to be due to the falling dollar

Or maybe it's due to the bigger picture why the dollar is dropping

 

[HerefordBullyun]

13194 orders on the comex at 5000oz per order in jul is 68 million ozs also! That was on Silver BTW. Gold will follow suit also.

Edited July 22, 2020 by HerefordBullyun

[motorbikez]

1 minute ago, mr-dead said:

If you are holding out to buy a property dont forget to factor in the stamp duty holiday period.  May mitigate some of you PM gains if you miss the window.

No pal I'm not holding out to buy a property I already have one, just saying to kookaburracollector I could buy one. But thanks for the info I'm letting my PM shares run HOC has gone insane, I may unload a few if/when it hits £3.00

[Nick1368]

28 minutes ago, brassmonkey said:

I'm truly shocked! Gold and Silver doing great impressions of rockets! Looks like Kiyosaki and Maloneys predictions are coming good...

But, what's happened to drive these record highs??? 

 

I think it's because of Judy Shelton's nomination for the federal reserve and her idea of a gold standard economy .

[AuricGoldfinger]

And i thought £270 was too pricey to buy sovereigns!

[Abyss]

1 minute ago, AuricGoldfinger said:

And i thought £270 was too pricey to buy sovereigns!

At the time I thought it was to expensive to buy Harrington and Byrne Sovereigns for £229....

[Kookaburracollector]

15 minutes ago, motorbikez said:

No pal I'm not holding out to buy a property I already have one, just saying to kookaburracollector I could buy one. But thanks for the info I'm letting my PM shares run HOC has gone insane, I may unload a few if/when it hits £3.00

Hi...When you said you had enough Invested in PM’s  to buy a two bedroomed house I forgot to ask where you live...I hope it’s Mayfair!

I have about the same, but unfortunately a two bed house where I live is not that expensive👍

 

[motorbikez]

No pal its not Mayfair😄