Gold Monitoring Thread £ GBP only

[MancunianStacker]

US Debt went through $25Trillion figure today too!

[AuricGoldfinger]

I can’t believe it was under £1000 only a year ago. The cruel mistress that is lady fortuna, when the price rises she fills you with happiness at a gain and sadness of the loss of cheaper opportunities. What a B*tch.

[Roy]

26 minutes ago, freefall said:

Up 40% in a year. Spot was at £987 a year ago today. 

Is that a SELL signal?

[GoldenPhil]

Just now, Roy said:

Is that a SELL signal?

People will be taking profits soon I think. But it is possible they are already doing so but demand is so high prices are still rising. 

[KDave]

Chris A is saying cup pattern to complete 12 -18 months, then breakout. Will fail a number of times near $1800 before it breaks through. Mid to late 2021 for the breakout on this time line.

I am still hoping for a handle to go with that cup! 2-3 years before breakout imo. 

No one knows.

 

[Arganto]

1 hour ago, Roy said:

Is that a SELL signal?

Are you poking the bear @Roy or is that how you read it?

[Roy]

Well...

Some see a 40% increase, I see a 100% increase.

What would Warren do? Can you look a 100% gain in the mouth?

 

[KDave]

1 hour ago, Roy said:

Well...

Some see a 40% increase, I see a 100% increase.

 

100% against which asset class?

[Arganto]

I see what you mean. I was wondering if it was trepidation about the future state of things but current value against what you may have paid in Sterling when you built a chunk of your collection...fair enough. Not sure what I would do in that position but as I only started in the last few months it's not the same ballpark, although there are gains to be had my plan isn't a short term flip. 

It's a bit of a bugger actually, I initially had assumed there would be a transfer back into Sterling in the medium term but now I've found I like the stuff too much 😁

[Roy]

12 hours ago, KDave said:

100% against which asset class?

I'm not sure @KDave?

Sorry, wrong thread! 

 

Edited May 9, 2020 by Roy

[mr-dead]

back over £1400 we go

[JunkBond]

5 minutes ago, mr-dead said:

back over £1400 we go

Where's Wonger?

[Paul]

30 minutes ago, JunkBond said:

Where's Wonger?

So many folk here gonna have egg on their face and eating humble pie if his forecasts come true 

[JunkBond]

Unless you manage to sell at the top @Paul

[MancunianStacker]

2 minutes ago, Paul said:

So many folk here gonna have egg on their face and eating humble pie if his forecasts come true 

I won’t mind being wrong. I’ll buy the £400 or $400 gold too 😂 

[Paul]

Should i sell my stack now at all time highs ??

and rebuy it all back at $400oz ??

[Goldmick]

Wow just seen gold price is high today over £1400 a oz 

Edited May 13, 2020 by Goldmick
Change

[mr-dead]

Silver looks like the poor relative in that screenshot lol

[JunkBond]

I can't do the joke again. 😜

[JunkBond]

I should cocoa. 😂

[Paul]

6 minutes ago, mr-dead said:

Silver looks like the poor relative in that screenshot lol

Just remember what Max Keiser said before he jumped on the Buy BitCoin bus, 

" BUY silver, CRASH JM MORGAN, get it before it hits $50oz "

Only said in 2010, and about to come true any day now {sigh}............im sure 

[HGr]

1 hour ago, Paul said:

So many folk here gonna have egg on their face and eating humble pie if his forecasts come true 

I hope it does come true! 

[KDave]

Sell half at 100% and the rest of the stack is free - free ride up to $5000 or down to $400, who cares its not your money. 

Right? 

[Prophecy]

I have a token holding in silver -just in case- but, quite frankly, it's a waste of time. Happy to eat my gold if silver has a sustained and sensible rise but it really seems to be absolutely no store of value against inflation and is only bought by people who like the feeling of having PM volume and super low entry points with no regard for any sensible strategy. Most shills only mention silver because it gets hits and likes because it's accessible to everyone. Gold alienates most people because it's too expensive for them to be part of that gang. Again, happy to eat my gold.

 

(I'm being provocative on purpose because its the thing that's jut not said)

Edited May 13, 2020 by Prophecy

[Zhorro]

Well, I think we are at an all time high - £1407.26 (BBP data).