Gold Monitoring Thread £ GBP only

[HerefordBullyun]

3 minutes ago, dicker said:

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

Im really really intrigued what JayPo will say on the next fed rate meeting!

[FlorinCollector]

9 minutes ago, HerefordBullyun said:

Im really really intrigued what JayPo will say on the next fed rate meeting!

.50 Hike hopefully  

[flyingveepixie]

1 hour ago, HerefordBullyun said:

be 3 soon!

Maybe four if you bring Credit Suisse into the discussion. Their shares are down another 6% on yesterday's price and 67% over the last year.

 

 

Edited March 13, 2023 by flyingveepixie

[EdwardTeach]

42 minutes ago, HerefordBullyun said:

Lolington

Nothing is likely cause more panic than wheeling Biden out and telling him to say that everything is fine.

😂

 

Edited March 13, 2023 by EdwardTeach

[MrStacker]

A few dealers already changing stock availability and delivery dates...so for anyone still ordering online double check before you commit to buy otherwise you may end up waiting several weeks for delivery. 
 

My feeling is that gold could reach 1580 this week. I don’t think it will calm down so easily. Only time will tell...

Edited March 13, 2023 by MrStacker
Typo

[Paul]

45 minutes ago, HerefordBullyun said:

       

  

 

[Paul]

who doesn't love a good meme? - keeping simple minded easy pleased folk interested in current affairs since Spitting Image ended and they found the internet 1996

Edited March 13, 2023 by Paul

[katyc]

10 minutes ago, Paul said:

       

  

 

Brilliant! 😂

[SidS]

28 minutes ago, EdwardTeach said:

Nothing is likely cause more panic than wheeling Biden out and telling him to say that everything is fine.

😂

 

As he trips over on his way to the podium.

[EdwardTeach]

30 minutes ago, SidS said:

As he trips over on his way to the podium.

The headline should read:
Sleepy Joe’s assurances turn minor crisis into a full-scale panic!

[EdwardTeach]

“I’m firmly committed to holding those responsible for this mess fully accountable”

[CANV]

the Fed can easily save all these banks or any bank. it just prints more loot.. but that means lower bond yields, more inflation higher gold and perversely ( after a bit) higher stock prices and round we go again..

this does seem to be more of an American problem this time though   and the dollars fall will curb sterling gold gains ..  I see the government here has palmed off the rubbish in the UK to HSBC.  did they learn nothing from lloyds

[Zeuk]

Pretty decent article https://news.sky.com/story/the-social-media-driven-run-on-svb-has-repercussions-on-many-fronts-12832996 I could see gold rising and interest rates holding so higher stock prices for the big US companies, they may also been seen as a good place to hold money, I cant see banks holding huge deposits of cash as implied in the article ... some of that will come golds way imo

[Paul]

Gold seems very stable today 

[EdwardTeach]

3 hours ago, Paul said:

Gold seems very stable today 

It looks like SVB was probably just another canary in another coal mine rather being the first domino to set off a huge chain reaction bringing the whole financial system crashing down.  People are beginning to feel relaxed again and think that this recent financial wobble won’t be the start of the next big crash.

The world is going to continue spinning as normal. At least for a little bit longer anyway… These black swans keep coming along every few months and we all know that sooner or later one of the swans will turn out be a domino.

That’s too many mixed metaphors for one comment but I think you get the gist. 😆

 

Edited March 14, 2023 by EdwardTeach

[Paul]

15 minutes ago, EdwardTeach said:

It looks like SVB was probably just another canary in another coal mine rather being the first domino to set off a huge chain reaction bringing the whole financial system crashing down.  People are beginning to feel relaxed again and think that this recent financial wobble won’t be the start of the next big crash.

The world is going to continue spinning as normal. At least for a little bit longer anyway… These black swans keep coming along every few months and we all know that sooner or later one of the swans will turn out be a domino.

That’s too many mixed metaphors for one comment but I think you get the gist. 😆

 

 

All these are small snowflakes on the slope, then . . . . . . . .  The avalanche:( 

 

[Stacktastic]

53 minutes ago, EdwardTeach said:

sooner or later one of the swans will turn out be a domino.

Yeah this year I recon.

I knew that last year but this is more confirmation for me - combined with the UK bond issue last year. 
We are not far off I think - this will be possibly one of the largest crashes in history & a possible depression. 

golds run up recently shows that everything not OK, but as usual its hidden
& also as these things take time there is still a lot of gambling going on - it needs to go down and hard & I think it will. 

I have decided to transfer the very little I have in FIAT in banks into my trading account as thats the time time to trade.  

Isnt that 'avalanche' using dynamite?? maybe thats the point as there is purposeful intent to this isnt there?? 
I do feel like they are idiots though & they are clutching at control & straws.
What wrong with becoming a weaker/poorer society its pathetic really as every empire in history has failed & tried to hold power.  
I guess they will have their cummupance wont they then as they have a lot of pissed off nations they have tried to take or control.  
Confessions of an economic hitman book was a real shock for me. I first got turned from watching the godfather
'senators dont get people killed michael' 'who is being naive kay' or somehting like that. 

On topic - se might see a dump of metals contracts in the coming few weeks as it was on a pull back anyway. 

Edited March 14, 2023 by Stacktastic

[KRO]

Moody’s cuts outlook on U.S. banking system to negative, citing ‘rapidly deteriorating operating environment’

 

https://www.cnbc.com/2023/03/14/moodys-cuts-outlook-on-us-banking-system-to-negative-citing-rapidly-deteriorating-operating-environment.html

[SidS]

1 hour ago, Paul said:

 

All these are small snowflakes on the slope, then . . . . . . . .  The avalanche:( 

 

Wait! Did I miss the dip?

[SidS]

1 hour ago, Paul said:

 

All these are small snowflakes on the slope, then . . . . . . . .  The avalanche:( 

 

I can see my house from here, well I could...

[EdwardTeach]

4 hours ago, Stacktastic said:

We are not far off I think - this will be possibly one of the largest crashes in history & a possible depression.

According to Gregory Mannarino the debt bubbles that have been created this time round are the largest financial bubbles that have ever existed in the history of mankind. No matter what metric you use to compare them to the previous bubbles these current ones are by far the largest ever and by a considerable margin too. This means that when they bursts they have the potential to create the biggest financial crash ever.

We’re living in ‘interesting times’ as the Chinese would say. I suspect that historians might be talking about what we are living through right now for centuries to come. Two years ago I was ill prepared and vulnerable which felt scary when I suddenly realised what was going on in the financial world. But now that I’m prepared to weather a major crash and live through any depression which might follow that fear has turned to excitement. I’m ready. Bring it on!

Edited March 15, 2023 by EdwardTeach

[Roy]

28 minutes ago, EdwardTeach said:

Two years ago I was ill prepared and vulnerable which felt scary when I suddenly realised what was going on in the financial world. But now that I’m prepared to weather a major crash and live through any depression which might follow that fear has turned to excitement. I’m ready. Bring it on!

Three years ago, 'covid' entered our lives and I wasn't too bothered, i'd been through other scares and had the same attitude as you...bring it on!

The trouble was, the virus wasn't the problem, I had no bother fighting that, the problem was the government and their reaction to it.

A thread was dedicated to it by @augur and later revived by  @sixgun

'Coronavirus (SARS-CoV-2) information; no need to be panicked by the virus – but be by your police state! (Part 2)'

Would you consider the crash, or the government's response to the crash, the real issue here?

😊

[augur]

6 hours ago, Roy said:

Would you consider the crash, or the government's response to the crash, the real issue here?

Considering that this banking collapse is engineered: During the scamdemic/plandemic the reserve requirement has been lowered to 0%! US banks are now under water by at least $2 trillion if they had to sell assets due to the interest rate rise [source Best Evidence]. Add to that another $2 trillion RePo. 
In the past the FED would always inject liquidity into banks when raising rates rapidly but not so this time. 
 

Either Greg is right and it is big banks eating the little ones or this will become the incident to justify CBDC because only Central Banks have ‘unlimited’ reserves and cannot become insolvent. SWIFT was testing out its preparedness for implementation of digital currency this Monday…

[flyingveepixie]

7 hours ago, EdwardTeach said:

According to Gregory Mannarino the debt bubbles that have been created this time round are the largest financial bubbles that have ever existed in the history of mankind. No matter what metric you use to compare them to the previous bubbles these current ones are by far the largest ever and by a considerable margin too. This means that when they bursts they have the potential to create the biggest financial crash ever.

We’re living in ‘interesting times’ as the Chinese would say. I suspect that historians might be talking about what we are living through right now for centuries to come. Two years ago I was ill prepared and vulnerable which felt scary when I suddenly realised what was going on in the financial world. But now that I’m prepared to weather a major crash and live through any depression which might follow that fear has turned to excitement. I’m ready. Bring it on!

Question : How much physical cash actually exists to cover the event of a major run on the banks.  I heard somewhere (although I can't quite remember where..🤔) that it was around 1% in the US, although maybe it's even less than that 🤔  Anyone got the actual figure..?    Most of it is just numbers after all,created by fractional reserve lending isn't it..? And when you watch that debt clock thingy just spiralling upwards at a rate of knots it's truly disturbing.     

  I would expect to see some pretty big fireworks if folks can't access their hard earned....

Edited March 15, 2023 by flyingveepixie

[Midasfrog]

£1555 another dip arrives 👍

Buy before it hit's £1600