Gold Monitoring Thread £ GBP only

[jultorsk]

4 hours ago, Paul said:

Where can I buy these bands ? Amazon or eBay?? Where's the cheapest, thanks in advance 

Don't come cheap those... 

 

 

[ArgentSmith]

13 hours ago, HonestMoneyGoldSilver said:

BTC had a temporary moon on the basis of an erroneous Tweet (someone claimed a BTC ETF had been approved)

Cathy Wood was saying SEC have changed their stance and expects approval by the New Year, I believe there are 9 spot Bitcoin ETFs under review and ARK claim theirs is first in line. To be clear this is nothing to do with "Crypto" as MSM imply simply BTC. ARK note a base case of $625,000 BTC (about parity with GLD) bull case $1.500,000 BTC.

[Gruff]

14 minutes ago, ArgentSmith said:

Cathy Wood was saying SEC have changed their stance and expects approval by the New Year, I believe there are 9 spot Bitcoin ETFs under review and ARK claim theirs is first in line. To be clear this is nothing to do with "Crypto" as MSM imply simply BTC. ARK note a base case of $625,000 BTC (about parity with GLD) bull case $1.500,000 BTC.

I need £400k for BTC, then I can sell and pay my mortgage off , pay the CGT, buy some gold to lose in a boating accident and I blee rich  

[dicker]

Sabre rattling from Iran….gold edging up.

1580

[Leonmarsh]

Just now, dicker said:

Sabre rattling from Iran….gold edging up.

1580

Gold up ? I best reduce my prices on here 🤣

[9x883]

13 minutes ago, dicker said:

Sabre rattling from Iran….gold edging up.

1580

Further escalation with have gold ⬆️📈

[GoldDiggerDave]

22 minutes ago, 9x883 said:

Further escalation with have gold ⬆️📈

I’m waiting for Biden’s speech saying they need to remove Gaddafi from power. 

[HerefordBullyun]

2 minutes ago, GoldDiggerDave said:

I’m waiting for Biden’s speech saying they need to remove Gaddafi from power. 

Diane abbots asking the PM to take out Osama bin laden's second in command Nelson Mandela.

Edited October 17, 2023 by HerefordBullyun

[PapaLazarou]

6 minutes ago, GoldDiggerDave said:

I’m waiting for Biden’s speech saying they need to remove Gaddafi from power. 

...before offering to treat his carers to a night out at the Gaza Strip club.

Edited October 17, 2023 by PapaLazarou

[SidS]

19 minutes ago, HerefordBullyun said:

Diane abbots asking the PM to take out Osama bin laden's second in command Nelson Mandela.

All three of him.

[GoldDiggerDave]

Back to £400 a sov soon enough. 
 

[JohnA1]

2 hours ago, ArgentSmith said:

Cathy Wood was saying SEC have changed their stance and expects approval by the New Year, I believe there are 9 spot Bitcoin ETFs under review and ARK claim theirs is first in line. To be clear this is nothing to do with "Crypto" as MSM imply simply BTC. ARK note a base case of $625,000 BTC (about parity with GLD) bull case $1.500,000 BTC.

$1.5m BTC is not far fetched, as long as there is no date attached to the prediction.

When confidence is lost, the zeroes will pile up

[MBTPSilver]

UK inflation data is due out tomorrow morning I believe as well. If that comes in lower it could cement the opinion that the BoE is done hiking and the pound could slip further.

[Coverte]

21 hours ago, HonestMoneyGoldSilver said:

I must be invisible. This is about the 5th time I've boasted about calling the turning points for gold and silver ($1850/$21) and I did this months ago in June and July! I made sure to post it in a few places so everybody could laugh at me when I was wrong, praise me when I exceeded the skills of Nostradamus. I was within 1% on silver (silver did briefly fall below $21 but if you exclude that I called it right almost to the cent), and was within 1.5% on gold (I called $1850 and gold briefly dipped to $1810-1820)

It's not rocket science to get those predictions but it's certainly not within my power to know the outcome, there is a large element of luck involved. When I've had a wee boast I've balanced it out with, "by luck or judgement". It's applying a macro view to the charts and seeing what it looks like. This is over longer timeframes when it's easier to do

It's not impossible to profit from short timeframes, pro traders do it every day, but 99% fail to acknowledge the wafer-thin margins on some of these calls. The best trader in the world, the dude making millions/billions, only has a success rate in the 60-70% range depending on the market, with 70% being unachievable in most major markets. It's like poker. It might be +EV to play your set vs a flush draw but if the flush draw wins it doesn't mean you're a bad player and if the set holds it doesn't make you the GOAT. Every high level poker player understands that you can play perfectly and finish last or play like an idiot and finish first. Luck matters a lot, in fact variance is everything over small samples, but if you repeat the action 100,000 times, then you start to see the skill of the poker player shining through

Trading over longer timeframes is a bit like repeating the + EV play many times over, while shorter timeframes are more like an individual hand of cards. That's not a perfect analogy but you get the gist. You can make a perfect decision in a single trade and lose, make a bad decision and win. To make any sense of it you have to repeat many times

If by luck or judgement we happen to call a few things right, because the sample size is so small the explanation is variance and not skill unless you do it another 100,000 times

The biggest mistake I see amateurs make (in cards and investing) is being results-orientated. The result is irrelevant, the only thing that matters is the process. Make your decisions based on sound reasoning and the market will disagree with you 40% of the time but you'll still be 100% right. Make decisions based on whim and hearsay and the market might agree with you 40% of the time but you'll still be 100% wrong

Garath Soloway - is that you ................ 

20 hours ago, HerefordBullyun said:

Even though gold is down from Fridays my mining shares are up .58% on the day - every cloud and all that. Least shows a little confidence in my company, ive bought, even on down days and not all miners today are in that position.....

@HerefordBullyun - which trading platform/s are you using may I ask; my fees are a real downer.

[HerefordBullyun]

1 minute ago, Coverte said:

Garath Soloway - is that you ................ 

@HerefordBullyun - which trading platform/s are you using may I ask; my fees are a real downer.

Free trade because its free(ish) one flat fee of 9.99 a month as many trades as you like!

[9x883]

Climbing📈

[James32]

6 minutes ago, 9x883 said:

Climbing📈

And down it goes again 😆 

[LemmyMcGregor]

4 minutes ago, James32 said:

And down it goes again 😆 

[James32]

42 minutes ago, James32 said:

And down it goes again 😆 

No more gold updates from you, you only went and crashed my dreams.

[Gruff]

3 minutes ago, James32 said:

No more gold updates from you, you only went and crashed my dreams.

What a Derrick Downer...

[GoldDiggerDave]

Give us a wave @James32

[Gruff]

4 minutes ago, GoldDiggerDave said:

Give us a wave @James32

Is James' wave really that retarded special   

[gji25]

3 hours ago, MBTPSilver said:

UK inflation data is due out tomorrow morning I believe as well. If that comes in lower it could cement the opinion that the BoE is done hiking and the pound could slip further.

It does not matter about the data because you know it will all be a big fat lie 

[Brit2023]

Yep defo, I spoke to a balloon the other day and they said inflation was just a load of hot air.

[gji25]

1 hour ago, James32 said:

And down it goes again 😆