Gold Monitoring Thread £ GBP only

[Goldmansacks]

The Roller coaster in full motion today.

[Paul]

2 minutes ago, UncommonSeal said:

Fed announced inflation goals

edit: but it’s back down again now 

Ah - thank you  Jackson Hole meeting Fed chair Powell i read 

[Shinus73]

Yes, Fed statement day, therefore must go down hard, regardless of what is actually said. Must be seen to be negative for gold/silver.

[5huggy]

7 minutes ago, Shinus73 said:

Yes, Fed statement day, therefore must go down hard, regardless of what is actually said. Must be seen to be negative for gold/silver.

Quite right - but I got the "TRUCK" ticking over ready to back up! 😉👍

[Paul]

33 minutes ago, Shinus73 said:

Yes, Fed statement day, therefore must go down hard, regardless of what is actually said. Must be seen to be negative for gold/silver.

Just listened to Powells speech and it can be summarized as : " Money machine go brrrrrrrrr!!! "

[Shinus73]

3 minutes ago, Paul said:

Just listened to Powells speech and it can be summarized as : " Money machine go brrrrrrrrr!!! "

Yes, it’s all they ever say, but with different words.

[KRO]

whatever was said by Powell, was going to be contrived as bad for gold

The snake oil share salesman want to ensnare a few more mugs before it all collapses 

Lining up nicely for a huge stockmarket crash in October imo

Gold will shine through in the end😀

[CryptoSpiridiumZ]

It's obvious a big crash is coming although October may be a good prediction personally think they will run it through until the start of 2021 then we will see the real decline. 

The crash is buying time, the recovery is selling time. The 2008 financial crisis is a good way to educate ones self in knowing how to take advantage of the economy.

Edited August 28, 2020 by CryptoSpiridiumZ

[Johny]

I am a complete 'newbie' to any type of investment, I do not understand much at all and all I have seen the past 24hrs is the price of my gold and bitcoins go down, can someone reassure me and or educate me in these types of investments. Should I throw in the towel and sell both now or hold on?

[Paul]

2 minutes ago, Johny said:

I am a complete 'newbie' to any type of investment, I do not understand much at all and all I have seen the past 24hrs is the price of my gold and bitcoins go down, can someone reassure me and or educate me in these types of investments. Should I throw in the towel and sell both now or hold on?

Big announcements in USA nation's debt now more than entire GDP of country, stocks hit and precious metals to. Headlines like this always cause turbulence. If you can't handle volitlity don't buy any silver lol

[Johny]

3 hours ago, Paul said:

Big announcements in USA nation's debt now more than entire GDP of country, stocks hit and precious metals to. Headlines like this always cause turbulence. If you can't handle volitlity don't buy any silver lol

Haha thank you for the heads up and advice 😁

[Safestacker]

Watch Mike Maloney’s videos on the hidden secrets of money he explains these cycles and how best to prepare using gold and silver! He explains these cycles have occurred throughout time and it happens over and over due to printing money and hyperinflation etc. They’re predictable if you look close enough.

Edited September 4, 2020 by Safestacker

[Robda1986]

12 hours ago, Johny said:

I am a complete 'newbie' to any type of investment, I do not understand much at all and all I have seen the past 24hrs is the price of my gold and bitcoins go down, can someone reassure me and or educate me in these types of investments. Should I throw in the towel and sell both now or hold on?

Silver would break you from the sounds of it it's recently jumped and dumped in the region of 50%

[Safestacker]

12 hours ago, Johny said:

I am a complete 'newbie' to any type of investment, I do not understand much at all and all I have seen the past 24hrs is the price of my gold and bitcoins go down, can someone reassure me and or educate me in these types of investments. Should I throw in the towel and sell both now or hold on?

Keep hold of BTC - its an emotional rollercoaster but its predicted to hit extreme highs. 

[KDave]

14 hours ago, Johny said:

I am a complete 'newbie' to any type of investment, I do not understand much at all and all I have seen the past 24hrs is the price of my gold and bitcoins go down, can someone reassure me and or educate me in these types of investments. Should I throw in the towel and sell both now or hold on?

Learn then invest is the best way to do it, trying the other way around is expensive in my experience. Right now you have three choices, hold, sell or buy more. No one here can tell you because no one knows what's coming next. 

[KDave]

I'm buying October onwards I have no idea what the price will be, it's just the right thing for me to do. Hopefully the big crash will be underway and wonger will return to the forum to say I told you so, fingers crossed, or potentially gold £1800 and silver £30+ who knows brother. 

[burns718]

15 hours ago, Safestacker said:

Watch Mike Maloney’s videos on the hidden secrets of money he explains these cycles and how best to prepare using gold and silver! He explains these cycles have occurred throughout time and it happens over and over due to printing money and hyperinflation etc. They’re predictable if you look close enough.

Great series, a must watch for anyone. I have his gold and silver book for my holiday read, once I've finished triggered 😁

[Safestacker]

Anyone wonder if the uk could make having gold illegal and confiscate it if a big rest happens like they did in the USA? 

[KevjustKev]

9 hours ago, Safestacker said:

Anyone wonder if the uk could make having gold illegal and confiscate it if a big rest happens like they did in the USA? 

No, it would cost too much.

[dicker]

Higher US jobless no doubt part of the rise in Gold today. 1520 as I type

[Zhorro]

12 minutes ago, dicker said:

Higher US jobless no doubt part of the rise in Gold today. 1520 as I type

And don't forget about the fall in the Pound as a result of the UK threatening to amend the withdrawal agreement with the EU.

[dicker]

Thanks @Zhorro I had not spotted that.  
 

Best

Dicker

[dicker]

On 16/09/2020 at 15:22, pi1 said:

Is anyone else thinking we on the verge of a massive spike upward.

Im expecting to hit highs again soon with news from the fed. The market just appears to be readying itself.

Markets definitely spooked today.  Au down around 1.3pct today.  Watch for yet more QE to get us through the winter Covid lockdown...

[dicker]

Gold continues downward.  USD strengthening but I think that’s not the whole story!

[dicker]

My long term view is that when Gold stabilises at a lower level, this will be a buying opportunity, before its next leg up.   What the level is and when it is is not something I can guess at!