Gold Monitoring Thread £ GBP only

[Midasfrog]

7 minutes ago, Mikew140 said:

Yeah I suppose your right 🙂  if it only ever went one way, but unless your looking to get out when it hits a price or not stacking no more then surely you wanna buy on dips bringing your average down = more profits? 

As soon as you stop buying and as soon as you start selling = you are suffering a loss 🤧😭

[Nick1368]

13 hours ago, Mikew140 said:

Am quite new to stacking gold/silver in fact any investments really only started this year as I earn a decent wage probably above average, but have always just spent what I earn on whatever, now I get to spend and save at the same time🙂

 

My question is why wouldn’t you want the price to come down a touch more say to £1260? I sort of Understand why you don’t want it to go sub £1000 or lower. are you done stacking and waiting to sell would it not be good to drop a touch more and buy some more? 

it's been too low for so long , now it's time to go up 

Edited July 21, 2021 by Nick1368

[Stacktastic]

15 hours ago, Midasfrog said:

As soon as you stop buying and as soon as you start selling

I will buy a few more when it gets to £1,250-£1,225. 😛
Might have a decent rally if the bond yields and stuff carry on.
but i think the shhite storm will come late this year/early next year when the markets realise we might not be getting back to normal. 

Bitcoin is also looking like it will dump soon also.
I dont know much but Its looking very bearish. 

I do know that a lot of bedroom investors bought it & the hand outs finish soon. 
I will start buying at £12k. 

Edited July 21, 2021 by Stacktastic

[Goldmansacks]

1.  

[Stacktastic]

5 hours ago, Goldmansacks said:

1.  

Fabulous. I love the strength of gold & its nice slow moves.
I just could not deal with holding crypto, especially as its 24 hours. 

The miners are looking seriously cheap, given the fundamentals. 
If it breaks back to the lows then decent dividend stocks will be on sale. 

I thought i missed my chance in March, appears I was wrong. Im glad I waited now.

Edited July 23, 2021 by Stacktastic

[KRO]

On 23/07/2021 at 22:05, Stacktastic said:

Fabulous. I love the strength of gold & its nice slow moves.
I just could not deal with holding crypto, especially as its 24 hours. 

The miners are looking seriously cheap, given the fundamentals. 
If it breaks back to the lows then decent dividend stocks will be on sale. 

I thought i missed my chance in March, appears I was wrong. Im glad I waited now.

to me physical gold is looking ridiculously cheap
especially as I think that the bounce from covid has already happened (suddenly, look no earnings😀)
The forward looking🤣 S&P is at 4412,(live p/e 47) the average p/e ratio of the S&P is 19, and
given that the index always returns to its average, 
so,given that ,🤔,right now the S&P should be at 1505
Think what will happen to gold if/when the S&P resumes its long term average p/e

[Stacktastic]

49 minutes ago, KRO said:

the average p/e ratio of the S&P is 19

Im not too confident in PE ratios, but a lot of the decent miners are in single digits now & that cant be ignored, especially with dividends. 
Kinross golds is at 5.3!!!

Yeah the risk reward right now is good, goldmines is literally the only asset Im invested in now. 
Even if it does go down - mid to long term its great - best hedge too for inflation. 

Edited July 25, 2021 by Stacktastic

[HerefordBullyun]

2 minutes ago, Stacktastic said:

Im not too confident in PE ratios, but a lot of the decent miners are in single digits now & that cant be ignored, especially with dividends. 
Kinross golds is at 5.3!!!

Yeah the risk reward right now is good, goldmines is literally the only asset Im invested in now. 
Even if it does go down - mid to long term its great - best hedge too for inflation. 

Just make sure you do you due dilegnce on cash flow and balance sheets. when the prices are going down miners get squeezezed and can got bust easily. Id be looking at oil and coal and uranium in short term and switch fire when it starts picking up.

[Stacktastic]

13 minutes ago, HerefordBullyun said:

Just make sure you do you due dilegnce on cash flow and balance sheets. 

Yea good point - processing costs also. Gold can easily get back $900,
I would just buy different mines that happens and hold. 
The Canadian mines in Kinross would suffer as they are in the middle nowhere. 

Newmont/Barrick, Wheaton, Poly & GDXJ would be my targets if that happens. 
Anyhow a bit off topic - sorry. 

 

Edited July 25, 2021 by Stacktastic

[Sparkie]

I just bought a few more coins today. I had planned to not buy any more as I reckoned I had enough stashed away. Been watching the price tumble and happy to scoop some up with cash that had been burning a hole in the bank.

 

[Stacktastic]

Good common sense from this guy - Adrian Day. 
Nice macro outlook & reasons for the cheap prices
 

 

[ady]

Looks like options expiring on the COMEX along with the FOMC meeting, gave cover for that little sell off.

[dicker]

BoE interest rate meeting today....might they surprise?  Gold doesn't appear to think so sitting at 1300.

[Spark268]

4 hours ago, dicker said:

BoE interest rate meeting today....might they surprise?  Gold doesn't appear to think so sitting at 1300.

You'd be perfect for Bloomberg TV 😁

[dicker]

24 minutes ago, Spark268 said:

You'd be perfect for Bloomberg TV 😁

I have a face better suited to radio!

[GoldenGriffin]

A low of £1,292 today.

If it was to go to £1,200 or below (purely my prediction), it'll take a while... 6 - 12 months.

[AuricGoldfinger]

Took a small nose dive last couple days!

[EdwardTeach]

When you buy the dip and it keeps on dipping... 😄😪

[Stacktastic]

21 hours ago, GoldenGriffin said:

A low of £1,292 today.

If it was to go to £1,200 or below (purely my prediction), it'll take a while... 6 - 12 months.

I think my level for a big bounce was £1,213?

After sitting and patiently waiting for what seems like months, I think we could see the low over the next few weeks. 
Hoping for a summer rally, but i want two more positions in Kinross first at lower lows. Plus a number of Sovs

sitting back and waiting for any key levels now. 
If it carries on down so be it, it just has to hit a higher high at some point in the next 5 years - just has to!!

Edited August 6, 2021 by Stacktastic

[GoldenGriffin]

And now a low of £1,268 today.

We're going down.

[dicker]

Maybe….

[AuricGoldfinger]

Wish i was poised to buy some. But alas. I am not.

[Foster88]

Now at time of writing £1,218 at 00:20am (UK time) 😳

Will we see a dip below £1,200 this week? 😬

(It changed from £1,222 to £1,218 in the time it took to write this comment)

It’s looking a bit volatile.

On 06/08/2021 at 22:06, GoldenGriffin said:

And now a low of £1,268 today.

We're going down.

We are....

[Oldun]

Bloodbath phase. Two days in. Bottom could be in Monday or Tuesday. Normally these usually last 5-7 days, so either way, not long til the cartel has to cover their shorts

Edited August 9, 2021 by Oldun

[DarkChameleon]

16 minutes ago, Oldun said:

Bloodbath phase. Two days in. Bottom could be in Monday or Tuesday. Normally these usually last 5-7 days, so either way, not long til the cartel has to cover their shorts

For cartel read governments keeping metals high or their inflation will run awoke but it's too late, I flatiron is going up fast...pretty soon they won't be able to hold metals so they'll drop fast but then when the markets too volatile metals will rise and rise fast.