Gold Monitoring Thread £ GBP only

[Safestacker]

29 minutes ago, Stacktastic said:

Im so fed up with this I sold all my gold stocks today!!
I have literally had enough now & think there are better avenues to invest.
I have more than enough physical to weather me in a storm. 

FCUK the PM markets its crazy. 
I shall catch it when it starts moving again. Im out. 

Dude if you wanna make money PMs isn’t the area. It’s a good long term hedge but if you wanna make profit then crypto or the stock market is where it is. 

Edited October 15, 2021 by Safestacker

[365DaysofSilver]

Be nice to see it hold over £1300 for a few days in a row!

[HerefordBullyun]

35 minutes ago, Stacktastic said:

Im so fed up with this I sold all my gold stocks today!!
I have literally had enough now & think there are better avenues to invest.
I have more than enough physical to weather me in a storm. 

FCUK the PM markets its crazy. 
I shall catch it when it starts moving again. Im out. 

Cant say I blame you mate. Im the same until gold takes a turn and hoping that its at the end of the uranium bull market, but cant stack that lol....

[HerefordBullyun]

6 minutes ago, Mothballjim said:

Be nice to see it hold over £1300 for a few days in a row!

Good luck with that espically when tapering and the LMBA are involved in the market!

[365DaysofSilver]

Just now, HerefordBullyun said:

Good luck with that espically when tapering and the LMBA are involved in the market!

I can see £1400 by the end of this year. Once BTC starts dropping in December 

[HerefordBullyun]

1 minute ago, Mothballjim said:

I can see £1400 by the end of this year. Once BTC starts dropping in December 

 

I think you are very optimistic my man!

[HawkHybrid]

1 hour ago, Stacktastic said:

Im so fed up with this I sold all my gold stocks today!!
I have literally had enough now & think there are better avenues to invest.
I have more than enough physical to weather me in a storm. 

FCUK the PM markets its crazy. 
I shall catch it when it starts moving again. Im out. 

you might ask yourself 'what is your understanding of the gold market pricing?'

Quote

Yes, there are seasonal variations with the gold price, and Oct-mid-Dec is usually weak, while mid-Dec-Feb is usually strong.

and 'do you agree with the above?'

 

investing is about making a judgement call from sufficient useful research data. many people try to jump in

and 'make it work/happen'. no doubt, constantly trying to go against the tide is a continuous up hill struggle.

 

HH

Edited October 15, 2021 by HawkHybrid

[Roy]

2 hours ago, Stacktastic said:

FCUK the PM markets its crazy. 
I shall catch it when it starts moving again. Im out. 

[Stacktastic]

 

20 hours ago, HerefordBullyun said:

but cant stack that lol....

Thats the beauty of that market - its hard to create a paper uranium supply or hoard it under the mattress.  

19 hours ago, HawkHybrid said:

you might ask yourself 'what is your understanding of the gold market pricing?'

and 'do you agree with the above?'

20 hours ago, Safestacker said:

It’s a good long term hedge but if you wanna make profit then crypto or the stock market is where it is. 

I wanted to park some cash as an inflation hedge really - but the share prices were very low for several decent companies looking very cheap. I need the cash now & its a good opportunity to exit the stocks as they have been slightly in the red for some time. I dont sell unless its a sinking ship.I also have a lot more physical than before now in gold so thats good..  

Im possibly looking at re-entering at some point - the gold market has not been atypical this year whatsoever, but yes it should pick up December Jan. Remember what happened last November!! Too much of a risk for me now as this rally aint happening & its a bad time of year, albeit commodities are flying due to this energy stuff. I was banking on that last January and we all know what happened don't we? - thank god for the silver squeeze as I was able to get out with profit. 

Its not a massive return type of investment, but you can make cash on Gold miners if picked that the right time. 2 of the ones I picked can easily double in value quickly if there is a rally in the gold price or good news (They were already up 5% on Thursday)But I saw them as a safer place to store a proportion of my capital when speculations of market crashes were rife. 

Still learning and also making mistakes, but I have a long time to master this malarkey, especially as i can see myself living to 115 YO.  

Edited October 16, 2021 by Stacktastic

[AuricGoldfinger]

115 YO!? What’s the secret!? Im 31 and feel like I’ve got another 30 in me max lol. 
 

back to gold price - hopefully can pick some up on the bottem end of this yo-yo 

[Cogload]

Ordered my monthly fractional piece from the dealer at 1310/oz..and derp derp whirrr......😁 Ah well, managed to snaffle some earlier in the year when it was cheaper so it has evened out. 

 

Mind, I am in this for the long haul so in no hurry to sell. Good thing really. Lol. 

[Stacktastic]

2 hours ago, AuricGoldfinger said:

115 YO!? What’s the secret!?

Head over to this thread. 

Plus with the way gene sequencing and tech is moving we will all be androids in 50 years
I personally think this is the direction that its moving. or at least be able to grow new limbs from the atom up.  

Even if I am not especially healthy - I can effectively live forever. 
Or have my consciousness put in an avatar of some sort. 
Not sure big pharma would like that, but they seem to be moving to more organic stuff including phycodelics & canabis now. 

Totally off topic apologies. Whats our price prediction next week then?
Might be smashed down Sunday again at a time when markets are not even trading? Complete guess. 
Its not looking promising yesterday - thats why I sold my stocks
Very unpredictable & a dodgy few months from now - rather buy physical (I have). 
What we really need is a bitcoin crash & a black swann event.  

I will be ditching GDXJ on open on Monday if it looks bad - I'm 7% up so not too bad. 

Edited October 16, 2021 by Stacktastic

[HerefordBullyun]

2 minutes ago, Stacktastic said:

Head over to this thread. 

Might be smashed down tonight again at a time when markets are not even trading? Complete guess. 

You cant smash a price up or down when the markets arent open

[Stacktastic]

40 minutes ago, HerefordBullyun said:

You cant smash a price up or down when the markets arent open

Meant Sunday sorry - thought it was Sunday.  
Sharpest tool on the forum me*

*Tool being the operative word in this scenario. 

Edited October 16, 2021 by Stacktastic

[stefffana]

22 hours ago, HerefordBullyun said:

 

I think you are very optimistic my man!

In my opinion it is very possible this scenario.

All the conditions are met: political and economic insecurity, the energy crisis, the jobs crisis, the rise in fuel and food prices, wage increases, the medium and long-term economic consequences of Brexit, the increasing geo-political tensions between nations, the volatility of cryptocurrencies, the accelerated printing of money by all the governments of the world, all can only lead to an appreciation of the price of precious metals, especially gold.I

I know, sound more pessimistic than optimistic, but I will not be surprised to see very soon £1400/oz.

[HerefordBullyun]

1 minute ago, stefffana said:

In my opinion it is very possible this scenario.

All the conditions are met: political and economic insecurity, the energy crisis, the jobs crisis, the rise in fuel and food prices, wage increases, the medium and long-term economic consequences of Brexit, the increasing geo-political tensions between nations, the volatility of cryptocurrencies, the accelerated printing of money by all the governments of the world, all can only lead to an appreciation of the price of precious metals, especially gold.I

I know, sound more pessimistic than optimistic, but I will not be surprised to see very soon £1400/oz.

By year end wont happen.

[stefffana]

1 minute ago, HerefordBullyun said:

By year end wont happen.

Last end of year been £1400. 

I am not a specialist, I have not a crystal ball, so I can not predict a certain price per oz. But everything is possible. There are too many unknowns in this equation.

[stefffana]

On 16/10/2021 at 21:26, HerefordBullyun said:

By year end wont happen.

Every day are coming another news who can affect the market. For example, today, https://www.itv.com/news/2021-10-18/russia-suspends-nato-mission-following-expulsion-of-intelligence-officers.

What do you think about?

[dicker]

A few hours till the market opens.  I suspect a small uptick for gold this week.  

[HerefordBullyun]

On 18/10/2021 at 13:58, stefffana said:

Every day are coming another news who can affect the market. For example, today, https://www.itv.com/news/2021-10-18/russia-suspends-nato-mission-following-expulsion-of-intelligence-officers.

What do you think about?

Thats not really going to affect the price of gold - still wont be £1400 by year end

[AuricGoldfinger]

Dont know whether to be happy or annoyed that gold is holding very steady at the moment!

[sovereignsteve]

Seems to me they keep trying to knock it down but it resists.

[Stacktastic]

17 hours ago, HerefordBullyun said:

Thats not really going to affect the price of gold - still wont be £1400 by year end

It will if Bitcoin burns below $20 - that would be a major driver. 
Im out either way now I have enough physical to tide me over.  

Edited October 25, 2021 by Stacktastic

[jultorsk]

🤔

 

[Minimalist]

On 25/10/2021 at 12:18, jultorsk said:

🤔

 

Its called manipulation