Gold Monitoring Thread £ GBP only

[Stacktastic]

22 minutes ago, dicker said:

#dropgold (in GBP / USD in favour of Bitcoin. 

I think gold and silver stackers will have the last laugh tbh. might take a few years though. 

31 minutes ago, goldmember44 said:

If the power or internet is down. 

Yea can you imagine it with an EMP strike!

Its apparently quite easy to take down the whole cell network in USA?
No idea where I heard that. 

[dicker]

Come on gents - back onto GBP Gold. 
 

1427

[AndrewSL76]

Sorry - yes, 1430 now. Annoying that the price has spiked just as the Mint release the bullion sovereigns. Regardless, exciting times!

[AuricGoldfinger]

23 hours ago, Paul said:

Bitcoin now crashing to £1400

Gold starting its sky-rocketing to £25,000oz

(sigh .......... i wish  )

we can prey!?!?

23 hours ago, Paul said:

if i'd put into bitcoin what i have put into gold, i would be retired and cashed now  

ha that's what my retrospectoscope said aswel, damned machine!

[Bars]

1436

[dicker]

Gold still pretty stable around 1430.  Where from here...? Couldn’t tell you. 

[Paul]

On 04/01/2021 at 13:46, Paul said:

Bitcoin now crashing to £1400

Gold starting its sky-rocketing to £25,000oz

(sigh .......... i wish  )

can i retract this previously optimistic statement of mine from 2 days ago  

[dicker]

🙂 Buy on the dips

[Paul]

1 minute ago, dicker said:

🙂 Buy on the dips

Due a dip to £700oz any time soon ???

[dicker]

No comment.  I am not being the 'Albatross' of the forum!

All the best to you

Dicker

[Stacktastic]

51 minutes ago, dicker said:

🙂 Buy on the dips

I just spent £2000 on 2 mining stocks and they hit a bit of a resistance. 
Both in the green so far - been 10 mins though.

Im no expert but its a blip i think. 

Edited January 6, 2021 by Stacktastic

[Paul]

Kicking off in America - gold on its way up again 

[Isitreal]

Just bought two sovereigns at Chards for £333 each and within two mins they have gone to £335. Blimey it changes very quickly.

 

[Kman]

36 minutes ago, Paul said:

Kicking off in America - gold on its way up again 

Apparently storming the capital is only worth a 1% move up in gold and 1% down in spx500

Weird market 

 

[jultorsk]

4 minutes ago, Kman said:

Apparently storming the capital is only worth a 1% move up in gold and 1% down in spx500

Weird market 

 

Market was placated by Pence's stance - there will be no overturn of the election. Straight flush for Democrats from here on end. 

Next up, Texit? 🤔

[Martlet]

1 hour ago, Kman said:

Apparently storming the capital is only worth a 1% move up in gold and 1% down in spx500

Weird market 

 

Nothing's happened, the pictures tell a different story to the breathless tales of rioting written.  I've honestly seen more dangerous New Years Eve parties.

[dicker]

Gold down 1pct at 1395.  Similar in USD.

Fed last night predicted a better growth than expected and a potential ramping down of bond buying. Maybe the dampnet on gold. 

[Shep]

£1370 we could be on our way to a nice little buying opportunity.

[Paul]

5 minutes ago, Shep said:

£1370 we could be on our way to a nice little buying opportunity.

buying opportunity to buy bitcoin ! lol 

[Kman]

I'm guessing gold and silver went up for fear that there wouldn't be a peaceful transition of power in the US

Now that's all but assured they're easing off

[KDave]

2 minutes ago, Kman said:

I'm guessing gold and silver went up for fear that there wouldn't be a peaceful transition of power in the US

Now that's all but assured they're easing off

I get a feeling a lot of people are being herded into bitcoin instead of gold and silver. 

[goluckystayhappy]

Agreed, ready to be slaughtered en masse.

 

[dicker]

Classic Friday afternoon dilemma.  Buy at 1366 now or wait till Monday.....whatever I do, the market will go the other way.

Best

Dicker

[dicker]

According to Kitco, gold is down as the market is pricing a better performing US economy i.e. Risk ON

Which doesn't really explain why BTC is up 5.5% today, if as many are saying it is an alternative to gold.

Curiouser and curiouser....

[Stacktastic]

44 minutes ago, goluckystayhappy said:

Agreed, ready to be slaughtered en masse.

 

Yes thats what I think. 

I have been astounded at the mining stocks. 

I have bought and sold the same miners 4-5 times this week as they keep hitting my stop losses. 
It looked like Mount everest on open today, but I should make up the losses when it goes back up. 

Considerinthe money printing and riots and stimulus bills what the flip is going on. 
Oh yeah - the digital currency bubble. Flipping great everyone has gone off Gold. 

I will be there ready to sell when its back on its highs again. 

Edited January 8, 2021 by Stacktastic