Gold Monitoring Thread £ GBP only

[Gruff]

14 minutes ago, BLOOMMAN101 said:

I've noticed that , just about given up on trying short-term trade,       UK nat gas up another 7% today   doesn't really bode well for my winter fuel bill

I agree, but then I've been told that the NatGas futures that is displayed on the Beeb is not what is used to set consumer prices... so not sure anymore.

[HerefordBullyun]

Pound is strengthening against USD hence the price going down in Gold at the mo guys.

[GoldDiggerDave]

40 minutes ago, HerefordBullyun said:

Bottle ya farts (or you can buy some off me (with a free Audio NFT) and buy some logs off @GoldDiggerDave

I’m keeping them mate🤣 the small forrest I felled back in 2021 is keeping me warm until about 2025.   My stack of wood has seriously outperformed many commodities.  @BLOOMMAN101  100% mate we will back back to £1.99 a litre diesel and gas and electricity bills 40-50%+ by spring.  
 

Gold £1,800 by the end of the year?  

[HerefordBullyun]

1 minute ago, GoldDiggerDave said:

 

Gold £1,800 by the end of the year?  

No. 

[BLOOMMAN101]

7 minutes ago, HerefordBullyun said:

No. 

How about £1500

[HerefordBullyun]

1 minute ago, BLOOMMAN101 said:

How about £1500

I am saying a range between 1500 to 1600 to be any more specific than that is I think too hard to call. The only caveat is a emergency rate cut or hike which could send gold either direction.  

[9x883]

17 minutes ago, HerefordBullyun said:

No. 

ME events may spur gold on!

Just now, 9x883 said:

ME events may spur gold on!

🤷‍♂️

[BLOOMMAN101]

5 minutes ago, HerefordBullyun said:

I am saying a range between 1500 to 1600 to be any more specific than that is I think too hard to call. The only caveat is a emergency rate cut or hike which could send gold either direction.  

that suits me fine mate I need more time to accumulate physical,

[Gruff]

As MBS has walked away from the Abraham Accords, will that add weight to the support of the gold price? 

[HerefordBullyun]

4 minutes ago, 9x883 said:

ME events may spur gold on!

🤷‍♂️

Again it would go up to certain levels and depending on the severity.

4 minutes ago, Gruff said:

As MBS has walked away from the Abraham Accords, will that add weight to the support of the gold price? 

I dont think that would have a great effect on gold. its only with intentions to use it. And when intended to use Nukes and follow it through people will be guessing what the spot price will be. Unless they are made of Nuclear ash and there will be no tickers on Wall St working due to Nuclear EMP.

[SidS]

33 minutes ago, GoldDiggerDave said:

Gold £1,800 by the end of the year?  

Gold £1200 by end of year?

(Asking for a friend)

[James32]

£1514

Not really doing much considering the madness going on in the world. 

[silverJEF]

don’t belive everything you see on the news folks 😂😂 a certain group own the media 

[9x883]

47 minutes ago, James32 said:

£1514

Not really doing much considering the madness going on in the world. 

This conflict will accelerate quickly. Then the price will spike. Bittersweet indeed.

[silversky]

Still waiting for the gap to be filled.  Only the most powerful of impulses clear a gap with escape velocity.  And this isn't powerful enough, hence why the gap will be filled before any sustained rise is likely.  Next week, or even the week after, things will begin falling apart at the geopolitical level.  I see the current calm (relative) being the time that the gap will be filled. Too many small specs are long.  The big boys always like to fleece them first.

[HerefordBullyun]

Ooo look the 1300 1330 slam until US come online - Quelle Surprise

[Gruff]

3 minutes ago, HerefordBullyun said:

Ooo look the 1300 1330 slam until US come online - Quelle Surprise

You could almost set your alarm clock by it, if you were @James32 that is

[HerefordBullyun]

Gold has been trending sideways with slight downside since the initial slight up trend when asia desk opened last night. Gold has had some positives but its been really mixed results overall... There is support now at 1850 £1510 ish area

Edited October 10, 2023 by HerefordBullyun

[Gruff]

18 minutes ago, HerefordBullyun said:

Gold has been trending sideways with slight downside since the initial slight up trend when asia desk opened last night. Gold has had some positives but its been really mixed results overall... There is support now at 1850 £1510 ish area

The longer the sideways trend the better the support until the PM fix and it gets hammered like whack-a-mole 

[HerefordBullyun]

BREAKING and BIG NEWS -And here we have now the a complete reversal on fed policy. MORE board members coming out and saying there no need for hikes! Gold has gone back up to asia opening times and just turned green. This tells me one of two things. Something is happening in the financial sector that's breaking or JB is wanting more money for war! Note: Biden has voted yes to every war since he's been a senator and president.  See this article from the Atlanta Fed board member reiterating no need for further hikes. I can see a pivot coming sooner if it is for war.

The red line denotes asia opening and now we are back at these levels. We could see a pivot sooner than later. With the fed spewing out more fake numbers on CPI and Job numbers. Buckle up boosters could be inbound!

Edited October 10, 2023 by HerefordBullyun

[9x883]

1 minute ago, HerefordBullyun said:

BREAKING and BIG NEWS -And here we have now the a complete reversal on fed policy. MORE board members coming out and saying there no need for hikes! Gold has gone back up to asia opening times and just turned green. This tells me one of two things. Something is happening in the financial sector that's breaking or JB is wanting more money for war! Note: Biden has voted yes to every war since he's been a senator and president.  See this article from the Atlanta Fed board member reiterating no need for further hikes. I can see a pivot coming sooner if it is for war.

The red line denotes asia opening and now we are back at these levels. We could see a pivot sooner than later. With the fed spewing out more fake numbers on CPI and Job numbers. Buckle up boosters could be inbound!

Thanks for the update Bully👍

[HerefordBullyun]

1 minute ago, 9x883 said:

Thanks for the update Bully👍

Thanks out of reactions

[HerefordBullyun]

I've done more digging as to why it could be the Fed has said they are done and why real estate Bhemoths have sent a letter to jerome powell begging no more hikes. So maybe this could be reason not a war footing. Its a video in the link. If they continue to raise rates its going to crash the market.

[Gruff]

8 minutes ago, HerefordBullyun said:

I've done more digging as to why it could be the Fed has said they are done and why real estate Bhemoths have sent a letter to jerome powell begging no more hikes. So maybe this could be reason not a war footing. Its a video in the link. If they continue to raise rates its going to crash the market.

Makes sense, especially with the working from home and the office blocks are being decimated with over supply etc...

[HerefordBullyun]

Breaking - However George Gammon has just released another video about Paul Tudor Jones who had prior knowledge about the pandemic and bought the yield curve before the pandemic.

The housing market could just be a cover story to pivot. Tin foil hats at the ready? Strap in deffo interesting times for gold.

Edited October 10, 2023 by HerefordBullyun