Gold Monitoring Thread £ GBP only

[BedMac]

On 22/05/2020 at 10:56, goldmember44 said:

£Sterling is about to fall off a cliff guys. We may see parity with the dollar before the end of the year, despite dollar weakness. Think what this will do to the gold price. Load up while you can. 

@goldmember44What makes you think so? 🤔

Sorry, I reffered to first part of above quote:   '£Sterling is about to fall off a cliff guys'

Edited May 23, 2020 by BedMac
To avoid confusion

[Paul]

Anyone wishing to take some profits from the recent rises, i can recommend this company

[ChrisSilver]

Previous off topic post hidden.

Please keep this topic on track. This topic is for discussing Gold price in GBP.

Gold Monitoring Thread £ GBP only

[sixgun]

Sterling keeps falling relative to gold and other currencies.

[AuricGoldfinger]

Gold down stocks up thats the way we like to f.......

[TheApe]

Oooh, just check gold price, some heavy falling happening.

Possibly another buy opportunity.

[silvernewbie]

Bound to retrace and lockdown lifted and markets recover people pile back in

still think it has some way to fall before stabilising 

[MancunianStacker]

[TheApe]

10 minutes ago, silvernewbie said:

Bound to retrace and lockdown lifted and markets recover people pile back in

still think it has some way to fall before stabilising 

Im not so sure.

We have yet to really see impact on economy play out and for most people jumping on Gold you would expect with longer term in mind.

[GoldenPhil]

Yeah exactly 

[ChrisSilver]

I have hidden some posts. This topic is for discussing the current Gold price in GBP.

This topic is NOT for discussing coronavirus, please use the related topic for that in the non PM section. 

[GoldenPhil]

The latest research on gold price manipulation 

https://www.kitco.com/news/2020-05-25/Why-is-gold-not-rallying-This-research-points-to-market-manipulations-on-a-scale-rarely-seen-before.html

 

[Martlet]

Gold has risen 15% this year, so presumably the manipulation is to the upside?

[TheApe]

2 minutes ago, Martlet said:

Gold has risen 15% this year, so presumably the manipulation is to the upside?

I think you missed the point.

[GoldenPhil]

Its all relative isn't it? 15% up when it should be 30% up is still manipulation 

[Prophecy]

theories are everywhere. The market is being held down by loads of second hand gold (jewellery) hitting the market as people in those countries try to survive without tourists or trade. Or... bad actors manipulating the gold price to stop people from rushing to it to keep people in the fiat markets. Whatever is true, we need to try to understand what happens IF gold rallies to unheard of numbers. Who is exposed? How will countries react? How does any power dynamic change? How does that affect the economy? It's a cool idea to think that gold could reach, say, double what it is now in the near term, but that will have massive impact by proxy on things other than your stack.

Edited May 26, 2020 by Prophecy

[Martlet]

48 minutes ago, GoldenPhil said:

Its all relative isn't it? 15% up when it should be 30% up is still manipulation 

Should be? Based on what analysis? Certainly nothing from the linked article.  To be able to say we should be at some price, we could point to some structured maths model that shows this movement leads to this price target with such and such probability.  But we dont.  

S&P dropped near 50% from the high, while gold dropped 15%, so its position as safe haven is looking pretty good isn't it?

Edited May 26, 2020 by Martlet

[HerefordBullyun]

1 hour ago, Martlet said:

Gold has risen 15% this year, so presumably the manipulation is to the upside?

https://www.kitco.com/news/2020-05-25/Why-is-gold-not-rallying-This-research-points-to-market-manipulations-on-a-scale-rarely-seen-before.html

[TheApe]

6 minutes ago, HerefordBullyun said:

https://www.kitco.com/news/2020-05-25/Why-is-gold-not-rallying-This-research-points-to-market-manipulations-on-a-scale-rarely-seen-before.html

Not biased source at all there😜

[HerefordBullyun]

12 minutes ago, TheApe said:

Not biased source at all there😜

Given the fact that there are so many historical cases of PM manipulation, its still going to be rife......

[HawkHybrid]

9 minutes ago, HerefordBullyun said:

Given the fact that there are so many historical cases of PM manipulation, its still going to be rife......

 

this is simply untrue. there have been countless threads claiming evidence of

manipulation and none of them stands up to scrutiny.

https://www.thesilverforum.com/topic/33146-jpm-traders-found-guilty-of-silver-manipulation/?tab=comments#comment-380489

 

HH

 

[HerefordBullyun]

10 minutes ago, HawkHybrid said:

 

this is simply untrue. there have been countless threads claiming evidence of

manipulation and none of them stands up to scrutiny.

https://www.thesilverforum.com/topic/33146-jpm-traders-found-guilty-of-silver-manipulation/?tab=comments#comment-380489

 

HH

 

The scrutiny, isnt scruntizing enough. Hence why they havent had the key thrown away, and got slaps on the wrist - the judges arent trained well enough to preside or understand the evidence thats presented to them.

Also there is abundance of establismentarinism also,  govts, congress, ministers, in bed with each other. Nepotism is rife. Same as offshore tax avoidance. No different.

Edited May 26, 2020 by HerefordBullyun

[GoldenPhil]

Gold is the biggest threat to fiat currencies and endless unaccountable money printing. My guess is the 1% see gold as the enemy to their rigged system. 

[HerefordBullyun]

2 minutes ago, GoldenPhil said:

Gold is the biggest threat to fiat currencies and endless unaccountable money printing. My guess is the 1% see gold as the enemy to their rigged system. 

Of course. Mayer Amschel Rothschild : Permit me to issue and control the money of a nation, and I care not who makes its laws! 

Since the gold standard has been removed - it gives those more power to control the money, as we know gold is finite, fiat is infinte!

[HawkHybrid]

16 minutes ago, HerefordBullyun said:

The scrutiny, isnt scruntizing enough. Hence why they havent had the key thrown away, and got slaps on the wrist - the judges arent trained well enough to preside or understand the evidence thats presented to them.

Also there is abundance of establismentarinism also,  govts, congress, ministers, in bed with each other. Nepotism is rife. Same as offshore tax avoidance. No different.

 

let's call it a fact(which people have so far not managed to prove).

why let proof get in the way of calling something a fact?

we can make it up as we go along and call whatever we want a 'fact'?

 

HH