Gold Monitoring Thread £ GBP only

[James32]

Just now, Paul said:

£1586 to break ATH 

Yeah I'm afraid of heights though...

[Paul]

1 minute ago, James32 said:

Yeah I'm afraid of heights though...

im afraid of your hoover  

[MrStacker]

Gold may reach a new record by end of this week me thinks.

Glad I ordered a few more Charlie boy sovs over the weekend. 

[dicker]

1572!

[dicker]

Gold trying to break USD1900 all of a sudden which is GBP1573

[Midasfrog]

The carrots are shooting to the Mooooooon !!!!!

[dicker]

So the Fed needs to make an interest rate decision next week.  Given their hikes have precipitated this crisis (essentially reducing the value of Bonds held by banks) it will be telling to see what they do.  How will this impact Gold in GBP - I am not sure I can predict…

[Paul]

  

[Tn21]

The space of 2 weeks, price has gone from £1490 region to £1570+ 

Should have bought the dip, 

 

 

[FlorinCollector]

The death of Credit Suisse is also being slowly dragged out. Should help gold go up

[KRO]

4 minutes ago, dicker said:

So the Fed needs to make an interest rate decision next week.  Given their hikes have precipitated this crisis (essentially reducing the value of Bonds held by banks) it will be telling to see what they do.  How will this impact Gold in GBP - I am not sure I can predict…

consensus seems to be no change in US rate
if BOE raise this may put a lid on GBP price due to weakening dollar
but should the fallout spread then further safe haven buying would negate that
So I haven't a clue😀

[apachebleu]

2 minutes ago, Tn21 said:

The space of 2 weeks, price has gone from £1490 region to £1570+ 

Should have bought the dip, 

 

 

I did....from you in fact 👍

 Pretty exciting start to the week it must be said

[Midasfrog]

57 minutes ago, James32 said:

Yeah I'm afraid of heights though...

Does your hoover accept Bitcoin ? that has increased by £1432 TODAY where as gold has only increased by a tiny £16.55 😉

[dicker]

6 minutes ago, Midasfrog said:

Does your hoover accept Bitcoin ? that has increased by £1432 TODAY where as gold has only increased by a tiny £16.55 😉

I thought BTC in GBP was up around 1.5pct and GBP Gold 1.1 pct?

[Midasfrog]

5 minutes ago, dicker said:

I thought BTC in GBP was up around 1.5pct and GBP Gold 1.1 pct?

BTC in GBP is up 8.39% today while Gold GBP is up 1.13% today 

[James32]

1 minute ago, Midasfrog said:

BTC in GBP is up 8.39% today while Gold GBP is up 1.13% today 

Can you send me a 1/4 Oz of bitcoin please, I will pay on receipt,as buying from frogs on the internet is dicey at best.

[SidS]

38 minutes ago, Tn21 said:

The space of 2 weeks, price has gone from £1490 region to £1570+ 

Should have bought the dip, 

 

 

When's the dip?

Have I missed it?

[Midasfrog]

6 minutes ago, SidS said:

When's the dip?

Have I missed it?

There will be another one coming along soon 😂

[Stacktastic]

I would not count your chickens lads.
The fed have bailed out the two banks in question & this reeks of FUD to me. 
Having said that bond yields have crashed so thats always good for gold. 

The good part is the dip that was occurring could dip a lot further if this is a false flag and there is no run on the banks.  
£14-15 silver would be nice & £300-£320 a SOV.. 😛 

Edited March 13, 2023 by Stacktastic

[dicker]

1578

[HerefordBullyun]

2 minutes ago, Stacktastic said:

I would not count your chickens lads.
The fed have bailed out the two banks in question & this reeks of FUD to me. 

The good part is the dip that was occurring could dip a lot further if this is a false flag and there is no run on the banks.  

be 3 soon!

[Stacktastic]

11 minutes ago, HerefordBullyun said:

be 3 soon!

Maybe not then. This could be black Monday 😛 
WOW. Im certainly not risking a buy the dip on that! 
Glad im sat on the sidelines with all this as quite a few tech stocks could get hammered. 
Well anything with enough debt in regional banks anyway. 

Edit - opened an hour early - that gets me every time!!  

Edited March 13, 2023 by Stacktastic

[KRO]

good spot @HerefordBullyun

https://www.reuters.com/business/finance/first-republic-slumps-additional-financing-fails-soothe-deposit-outflow-fears-2023-03-13/

[HerefordBullyun]

Lolington

[dicker]

It’s sort of a self fulfilling prophecy- stock goes down and people yank money out of the bank compounding the problem.  CS down around 8pct.  
 

Gold is up but I suspect is going to be a bit volatile until we see more around how the US handles the issue.  Looks like it will protect deposits and let the shareholders and bond holders take the hit.  Overall helps a bit with confidence.  
 

1569