Gold Monitoring Thread £ GBP only

[Stacktastic]

16 hours ago, dicker said:

Thank you for your insight. 

Its a lot of guesswork really, but I don't think this pull back is over yet. Good news for silver as we can get some more VAT free for Christmas. Im hoping for £16/oz. 
The harder it pulls back the bigger it will rebound so £2000 gold is not impossible by May/June??

I have a feeing that Jan onwards something big will happen with the covid stuff, so that wi help, especially if Bitcoin crashes. 

Edited December 9, 2020 by Stacktastic

[Jimmy2trees]

Is Bitcoin diverting capital from the gold and silver Market?.......

https://m.youtube.com/watch?feature=youtu.be&v=lbDtmt2PJlM

 

 

[Stacktastic]

34 minutes ago, Jimmy2trees said:

Is Bitcoin diverting capital from the gold and silver Market?.......

https://m.youtube.com/watch?feature=youtu.be&v=lbDtmt2PJlM

This question gets asked in every video. Yes I would say, especially as institutions are buying tons of it. 
If or when crypto crashes the tabes wi turn. 
 

 

[Midasfrog]

On 03/12/2020 at 12:00, Oldun said:

One more dump to wipe out the retail longs. 

I miss read that thinking it said  " one more dump to wipe out the logs " 🤣

[AurumArgenti]

I think it's bigger than just bitcoin.

More institutions are offering BTC, ETH, XRP, BCH and LTC for investors.

This will have some affect on gold and silver over time. This effect will only increase.

You'd be foolish to dismiss crypto currency. 

That's not to say I'm bearish on precious metals thought. 

 

[Paul]

you have the likes of revolut now you can do you banking, buy cryptos and gold/silver through their phone based - all in one place, tap tap tap - job done

 

[Jimmy2trees]

If you're investing  in cryptocurrencies, the best thing to do is just buy Bitcoin and ignore the rest.

99% of them provide no additional utility or functionality over Bitcoin and they are either vanity projects or pump and dump schemes designed to fleece amateur traders

Comparing them to Bitcoin is like comparing pyrite to gold.

As with gold, if you believe in the fundamentals and are in for the long term buying and hodling Bitcoin is the way to go

[AurumArgenti]

17 minutes ago, Jimmy2trees said:

If you're investing  in cryptocurrencies, the best thing to do is just buy Bitcoin and ignore the rest.

99% of them provide no additional utility or functionality over Bitcoin and they are either vanity projects or pump and dump schemes designed to fleece amateur traders

Comparing them to Bitcoin is like comparing pyrite to gold.

As with gold, if you believe in the fundamentals and are in for the long term buying and hodling Bitcoin is the way to go

Without hijacking this gold thread and making it a stupid bitcoin maxi vurses the rest argument. Your statements simply aren't true.  

I don't want to be rude but...🙆‍♂️🤷‍♂️

[Jimmy2trees]

5 minutes ago, AurumArgenti said:

Without hijacking this gold thread and making it a stupid bitcoin maxi vurses the rest argument. Your statements simply aren't true.  

I don't want to be rude but...🙆‍♂️🤷‍♂️

Which bit do you think is untrue?

[Stacktastic]

23 minutes ago, Jimmy2trees said:

Which bit do you think is untrue?

This is a bit off topic (sorry my fault). Better to continue this on the crypto section & carry on with Gold prices only. But.. I will start buying Etherium soon if it dips down, I would be an idiot not to put some of my wealth into crypto as the upside is worth the risk.

Edited December 9, 2020 by Stacktastic

[HGr]

1 hour ago, Midasfrog said:

I miss read that thinking it said  " one more dump to wipe out the logs " 🤣

Hehe, 'wipe' 

[ChrisSilver]

Last few off topic posts hidden. Please use the correct section for those topics. Those topics also attract a large amount of spam bots, which is also a reason why that section is not publicly visible to guests. 

This topic here is for discussing gold in GBP. 

[Oldun]

6 hours ago, AurumArgenti said:

I think it's bigger than just bitcoin.

More institutions are offering BTC, ETH, XRP, BCH and LTC for investors.

This will have some affect on gold and silver over time. This effect will only increase.

You'd be foolish to dismiss crypto currency. 

That's not to say I'm bearish on precious metals thought. 

 

Bitcoin will hit $27,000 eventually maybe next year as taxes start to bite etc etc and people around the world think it is a way to hide money.....

 

I have a $2,300-$2,700 target for gold in 2021 and a $40 for silver which will be significant in £ as I expect the £ to drop.

Edited December 9, 2020 by Oldun

[dicker]

My very rough guess is that Gold will hit 1530 if there is no deal Brexit. 
 

Predictions are for fools and I am happy to be one!

Best

Dicker

[Cornishfarmer]

I think priced in £1425.   May rise a tickle in January until things get under control in March........ can’t see no deal tho

[dicker]

Well, reading the Sunday papers a No Deal seems much more likely than a few days ago.

If the talks are not extended (pointless as far as I can see) there will be a moment of reckoning when the currency markets open tomorrow....

My prediction in this scenario is sterling to drop 5-10pct.  Probably nearer 5pct.

My guess is that gold will trade at between 1450 and 1530 in this scenario.

I am more than likely to be proven wrong!

Best

Dicker

 

 

 

 

 

[HerefordBullyun]

7 minutes ago, dicker said:

Well, reading the Sunday papers a No Deal seems much more likely than a few days ago.

If the talks are not extended (pointless as far as I can see) there will be a moment of reckoning when the currency markets open tomorrow....

My prediction in this scenario is sterling to drop 5-10pct.  Probably nearer 5pct.

My guess is that gold will trade at between 1450 and 1530 in this scenario.

I am more than likely to be proven wrong!

Best

Dicker

 

 

 

 

 

Because the world reserve currency is the USD that's the main effect on gold. There will only be smaller impact in the European markets.

I am bullish on the price this week mind. FOMC. Buys in miners after the sell off and now bullion banks have balanced thier books.

Some may not land the week after. 

Also the pound may drop further which will make the price go up in our currency.

You have to follow the strength of the dollar ultimately to find the gains in the gold price.

 

 

[dicker]

Just seen gold touch 1425 up around 2.3pct in GBP.

Happy Christmas from Gold!

[Robda1986]

9 minutes ago, dicker said:

Just seen gold touch 1425 up around 2.3pct in GBP.

Happy Christmas from Gold!

Think it's still going to climb 🤔

[dicker]

I think somewhere earlier this year I predicted gold would be 1500 at Xmas or the new year....so and advances are more than welcome!

Best

Dicker

[jultorsk]

Seems US agreed on a $900bn stimulus package. Ho ho ho. 😇🎁

https://www.speaker.gov/newsroom/122020 

[Kman]

46 minutes ago, jultorsk said:

Seems US agreed on a $900bn stimulus package. Ho ho ho. 😇🎁

https://www.speaker.gov/newsroom/122020 

I'm 99.9% this isn't a stimulus news move

It's not like this has come out of the blue and this is quite a move for silver especially and the dollar isn't falling, it's up in fact

With oil being down too this seems much more like a fear based reaction, maybe due to new covid strain, maybe something else is up in the deep banking system and we're just assigning news to correlate, who knows 

 

 

Edited December 21, 2020 by Kman

[Paul]

interview with the CEO of LBMA uploaded today - info from the " belly of the beast ! "

make of it what you will ! and make your our decisions

 

 

 

[dicker]

Indeed and this article from Kitco made me smile....

 

[Paul]

1 minute ago, dicker said:

Indeed and this article from Kitco made me smile....

 

how insightful "it can head higher or drop lower"  well i never !!