Gold Monitoring Thread £ GBP only

[MancunianStacker]

Movin on up!

[MancunianStacker]

Debt has made the headlines on SKY News. £1,410 oz. 

Edited June 19, 2020 by MancunianStacker

[Paul]

1 hour ago, MancunianStacker said:

Debt has made the headlines on SKY News. £1,410 oz. 

Debt ?! have we not paid that off yet ? 🙄

[Guest]

16 hours ago, MancunianStacker said:

Debt has made the headlines on SKY News. £1,410 oz. 

I’m glad I decided to randomly buy another 1oz in gold on Wednesday when the prices were low. Ever since then, it’s just gone up because of the announcement of the UK debt. 

[HerefordBullyun]

https://www.marketwatch.com/story/why-gold-may-continue-to-rally-as-long-as-us-stocks-do-2020-06-24?mod=ticker_news_feed

[dicker]

Been looking at Au over the last few days. Feels like slow but steady progress upwards - but having to really grind to make progress upwards.  1425 as I write....

[dicker]

Let’s see if it closes about 1430...

[Paul]

not far off all time high ££££ again  think we will break £1450 this week ?

 

[GoldenPhil]

Yes

[Prophecy]

3 hours ago, GoldenPhil said:

Yes

But you could be WONG

[GoldenPhil]

I could

[dicker]

My guess is yes it will break 1450 - why?
 

The EU Meets in mid-July where there will by a bun fight around the bailout that will be in the region of EUR750B to EUR1T.   They won’t be arguing over the size of the bailout / printing, just who has to pay it back....

Yet more printed money, and my guess is that won’t be the end of it for the EU. 
 

Best

Dicker
 

 

 

[Paul]

Just now, dicker said:

My guess is yes it will break 1450 - why?
 

The EU Meets in mid-July where there will by a bun fight around the bailout that will be in the region of EUR750B to EUR1T.   They won’t be arguing over the size of the bailout / printing, just who has to pay it back....

Yet more printed money, and my guess is that won’t be the end of it for the EU. 
 

Best

Dicker

i would love one of those Austin Powers - Doctor Evil Meme's of " One Hundred Billions Dollars " be true for gold - just one time, id happily retire then and live a happy life  

[dicker]

Another way of looking at gold at 1450 is that gold has remained absolutely stable and most other assets have depreciated in one way or another around gold. 

[dicker]

1447 on Kitco - not far now....

[Paul]

  

 

[KRO]

with Boris throwing money around like confetti , along with the uncertainty over the Brexit talks
I can see the pound trading around $1.19 to 1.22, instead of the 1.22 to 1.28 range that it has been stuck in
which should certainly be a positive for Gold in sterling terms

[cornishrich]

Gold is jumping back up again. Was that massive dip because Mr Dead sold all that gold. 😂😂

As a newbie I really don't get the gold market 1 bit. Was that massive dip from loads of gold being sold off? if so how kg''s of gold would that have taken

Cheers for anyone's thoughts on this

Edited July 2, 2020 by cornishrich
Details change

[dicker]

And Mr Wonger coming back on the forum to explain that Au is doomed.

[Goldmansacks]

19 minutes ago, cornishrich said:

Gold is jumping back up again. Was that massive dip because Mr Dead sold all that gold. 😂😂

As a newbie I really don't get the gold market 1 bit. Was that massive dip from loads of gold being sold off? if so how kg''s of gold would that have taken

Cheers for anyone's thoughts on this

Somebody said on this forum that vaccine talk yesterday pushed people away from the "safe haven" of gold and into other investments.

[dicker]

In my very humble opinion the day to day swings in markets are hard to fathom.

If you are in the market, you do have a better idea (who is dumping gold, delivery issues, futures etc)

For the average investor, a long term view is best...

Dicker

[cornishrich]

@dicker Thanks for the insight. Looking to hold for 30 years or so for my retirement fund.

[Foster88]

8 hours ago, cornishrich said:

@dicker Thanks for the insight. Looking to hold for 30 years or so for my retirement fund.

Me too. Here’s hoping!! 🤞🏻

[dicker]

Au inching up again slowly....seems to go up slower than it declines....

[GoldenPhil]

The important thing is the overall trajectory