Gold Monitoring Thread £ GBP only

[Smiler999]

Just now, Gruff said:

So what I read from this is that you were have a cheeky moment and got too excited and dropped it 🤣🤣

Unfortunately not lol

It was one of the first coins I got, from RM so shafted twice, and didn't realise how soft 999 really is, I know now lol

 

[James32]

Just now, Smiler999 said:

To give context, it was encapsulated, I was on the bog playing with it, it slipped out hit the bath, capsule broke open and hit the floor

Mine will be someone else's best value dinged rubbish on here some day 😂

It's only a little ding but it annoys me to this day 😒 

Mine was perfect, climbed up on worktop to get callipers above kitchen unit, coin still in hand ( not sure why) knelt on the feckin kettle lead and like any normal human being..I threw the coin so I could grab my sore knee 😀 sold it to Chards for a £70 loss a few days later.

What did I learn from that experience, gold is quite soft 😆 🤣 

[Smiler999]

2 minutes ago, James32 said:

Mine was perfect, climbed up on worktop to get callipers above kitchen unit, coin still in hand ( not sure why) knelt on the feckin kettle lead and like any normal human being..I threw the coin so I could grab my sore knee 😀 sold it to Chards for a £70 loss a few days later.

What did I learn from that experience, gold is quite soft 😆 🤣 

Now I just stick to pre owned half sovereigns, which I should have done from the start 🙄

[Agaupl]

I have a lovely 5oz er to my missus. Dropped it smashing the capsule and marking the coin. Luckily only a silver proof not gold. 

[HerefordBullyun]

Gold is showing bit more strength on the daily RSI since the US Market opened, lets hope Wall St Start waking up to the fact about the indicators, that all isnt really that rosie after all. The S&P has picked up and shook off the NFP its only down slightly.  There must be some nervousness, amongst the pro traders notably its 80% consensus of people who are in gold are net long.    

[HerefordBullyun]

Albeit it may not be anything but for traders it maybe the bottom could have been reached. This all now depends on figures and on the future intentions of the fed and IF they actually mean what they say by rate hikes, I'm in the Schiff crowd here, if they continue hiking its going to break Wall St..... I can feel some back peddling coming soon from the Federal reserve, if they dont, they are going to damage wall st. 

 

Edited October 6, 2023 by HerefordBullyun

[katyc]

Update on the USA jobs report: 

885,000 full-time jobs lost

1.127 million part-time jobs added 

That's a positive thing apparently.

 

[HerefordBullyun]

Just looked at the 5 day chart the trend is now slowly changing it bottomed on Tuesday, from downward. This is now could be the turning point. 

Edited October 6, 2023 by HerefordBullyun

[James32]

Wake me at £1510

[katyc]

10 minutes ago, HerefordBullyun said:

Just looked at the 5 day chart the trend is now slowly changing it bottomed on Tuesday, from downward. This is now could be the turning point. 

[James32]

1 minute ago, katyc said:

When in doubt, chart it out.

Those that dream, are fekin dreamers 😆 

Will hit £1650 sometime in the next 10 years

[katyc]

Just now, James32 said:

Will hit £1650 sometime in the next 10 years

[silverJEF]

industry plant told me gold is going to bottom out at £1450 then musk is personally taking it past the moon 🌑

[HerefordBullyun]

Below 1920 USD which was the longer term median - you can see its getting over sold..... at approx. 1560GBP ish wise

[HerefordBullyun]

5 minutes ago, silverJEF said:

industry plant told me gold is going to bottom out at £1450 then musk is personally taking it past the moon 🌑

It certainly could have further to fall 100% it really is all eyes on the fed now.... Wondering when they bottle it?

Edited October 6, 2023 by HerefordBullyun

[silverJEF]

the sad thing is we all want gold to go to the moon but in order for that to happen the world has to really go to s***

Edited October 6, 2023 by silverJEF

[James32]

Just now, silverJEF said:

the sad thing is we all want gold to go to the moon but in order for that to happen the world has to really go to s***

I'm happy enough it goes to the trees 

[Bigmarc]

1 minute ago, silverJEF said:

the sad thing is we all want gold to go to the moon but in order for that to happen the world has to really go to s***

I think it was warren buffet that said gold was a investment of fear. 

Saying that I think he bought some mining shares.

[HerefordBullyun]

Just now, Bigmarc said:

I think it was warren buffet that said gold was a investment of fear. 

Saying that I think he bought some mining shares.

He did last year but sold them. An its the 1st time hes done it. Albiet he normally closes positions before crashes 

[FriedrichVonHayek]

3 minutes ago, HerefordBullyun said:

He did last year but sold them. An its the 1st time hes done it. Albiet he normally closes positions before crashes 

I think one of his investment managers bought some Barrick Stock which was quickly sold off.

[Aldebaran]

33 minutes ago, James32 said:

I'm happy enough it goes to the trees 

I thought it was a hedge🌳🌳🌳🌞

[Stacktastic]

On 04/10/2023 at 20:56, HerefordBullyun said:

Im calling it a financial crisis in within next 6 months!

6 weeks I would say.  
Debt implosion. 💣

[HerefordBullyun]

3 hours ago, FriedrichVonHayek said:

I think one of his investment managers bought some Barrick Stock which was quickly sold off.

Yes it was Barrick gold, I was racking my brains - it was big news, because his team had never gone into gold.

[HerefordBullyun]

Gammon explains why in my thesis in calling the next crash (he must of read my mind as I dont have his email lol) - I did mention the DXY (USD) in it's strength.... in my many reasons why we are going to have a massive crash.

Edited October 7, 2023 by HerefordBullyun

[Stu]

7 hours ago, Bigmarc said:

I think it was warren buffet that said gold was a investment of fear. 

Saying that I think he bought some mining shares.

He said this too which is fairly amusing:

“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head”