Gold Monitoring Thread £ GBP only

[Midasfrog]

Gold is only £23 short of its 3 month low of £1323 

Monday might see it go even lower , some great buying chances for mid January 👍

 

[OldNick]

I’ll be buying gold the week after next - so I’ll guarantee it jumping back up to £1,400🤨

[Stacktastic]

5 hours ago, Midasfrog said:

Gold is only £23 short of its 3 month low of £1323 

Monday might see it go even lower , some great buying chances for mid January 👍

 

£1340 apparently? I hope that's accurate.
It should test Nov lows if not and then straight up I think to at least £1,380. 

Civil unrest, $1,200 per house stimulus, world currency devaluation,
& the scamdemic should all be + points for gold price!!
At least you would think so wouldn't you??. 

Or is all the attention on a digital currency that will most likely be worthless in 10 years?

Wednesday should see a turn around in not only gold prices but also stocks in general I think (complete guess mind you). 

Edited January 16, 2021 by Stacktastic

[StevenK]

Should prices be moving at all over the weekend?

[Stacktastic]

3 minutes ago, StevenK said:

Should prices be moving at all over the weekend?

No Steven, not until sunday night when the asian markets open.
I think its 11pm. correct me if im wrong?? 

https://www.bullionbypost.co.uk/gold-price/price-of-gold/

This is one reason a lot more gets sold over the weekend on here as the spot is stable. 
That and people are not working. 

Edited January 16, 2021 by Stacktastic

[StevenK]

Cheers.👍

[Stacktastic]

Nice analysis from this guy (minus the umms). Only got 38 views, 
I love videos like this as you can find 'golden' advice. 

Maybe not 100 spot on, but its interesting, especially if you are in mining. 
 

 

Edited January 16, 2021 by Stacktastic

[Hunter87]

Might be a good time to buy some gold.....

”The price of gold has reached your target price of £43.18 per gram.” 

[sixgun]

https://www.mirror.co.uk/money/brits-pile-money-gold-bars-23346173

Brits pile money into gold bars over lockdown as demand from Millennials leaps

Over Christmas sales of gold bars surged as Brits fed up with terrible savings rates opted to put their money into something shiny instead

[mustynewb]

I always get tempted to pump some real money into gold due to poor rates on savings. Just don't have the nerve, let alone trying to sell it. The small amount I do buy is fully intended as an hand me down in the future

[OldNick]

Wow what happened this afternoon down to 1,342 then shoots up to 1,369!

 

Thought things would stabilise now !!!

[Stacktastic]

55 minutes ago, OldNick said:

Wow what happened this afternoon down to 1,342 then shoots up to 1,369!

1,375 is the price to see as it might go to the upside. 

It did not hit 1340, which is a very good sign as that was the level I was looking for. 
That dip was just the Comex opening. Manipulation / sales so i don't pay any attention to that. 
It a good time to buy stocks though 😛

Also depends what happens today with the Biden thing. 
Janet Yellen did a speech about the stimulus yesterday, thats helps in some way. 

 

Edited January 20, 2021 by Stacktastic

[Midasfrog]

1 hour ago, OldNick said:

Wow what happened this afternoon down to 1,342 then shoots up to 1,369!

 

Thought things would stabilise now !!!

£1342 was the moment Trump departed on Marine One 

£1370 was the moment before Joe Bidens Inauguration 👍

[Drawga]

I always seem to use the BBP chart aswell, got Kitco on my phone, but prefer BBP chart.

Anyway did the price shoot up because of Biden? (cue The Imperial March Star Wars theme... by the looks of WDC)

[Stacktastic]

17 hours ago, Drawga said:

I always seem to use the BBP chart aswell, got Kitco on my phone, but prefer BBP chart.

Anyway did the price shoot up because of Biden? (cue The Imperial March Star Wars theme... by the looks of WDC)

Its a lot to do with the Dollar, inflation & bonds and stuff (I dont pretend to understand this).

Janet Yellen did a stimulus speech. money printing = further devaluation of the dollar & also increase inflation. 
Bitcoin is not looking great if you ask me. Savvy investors are extracting profits & buying safer assets. 
Looking at the charts gold usually does this around now & starts to rally Feb, so its also market driven, especially with industrial metals. 

A president gets let in with 20,000 troops deployed - thats is very suspicious if you ask me & makes the future worrisome!
Especially as the mainstream media are talking about a civil war & civil unrest is possibly being encouraged. 

I have looked at a lot of videos this morning & EVERY analyst is literally creaming themselves - saying there will be a huge upside coming. And the potential of an S&P crash. 
I knew that anyway as the fundamentals have not changed, but I have to say i got a little shaken Monday and pulled out a 30% to reinvest if it plummeted, with little loss. 

I have one question, why are there so many sales of gold on this forum this week as its not dropped through any major levels??
Surely there is not much profit at the moment? I have personally sold some gold and platinum, but only to buy mining stocks as the upside is better. 

Because more people are buying or panic selling or another reason?? VAT and brexit on silver for example. Im confused?
 

 

Edited January 21, 2021 by Stacktastic

[FlorinCollector]

Gold looking good for a buy of the last queens beast soon 👌😃

[Midasfrog]

Finger on the trigger 👉 Gold is only £16 away from its 3 month low 

Currently £1339. oz

[dicker]

It’s been a funny old day for both gold and silver.  
 

I have read two “market outlook” reports over the last two days.  One public, one internal both by banks.  Both predict that we are at the start of a secular bull in commodities....we shall see. 
 

 

[Paul]

I have consulted my 50% accurate, leading market research tool to decide on market sentiment

 

Its ma lucky penny 

“You need to call it. I can’t call it for you. It wouldn’t be fair. It wouldn’t even be right.”

 

[Stacktastic]

1 hour ago, dicker said:

It’s been a funny old day for both gold and silver.  

There has been a war between the institutional hedge fund shorters and a group of civilian investors on Redit. 

They started with normal stocks yesterday like AMC & Nokia then moved onto silver.
Its fabulous as all the trading apps shut down and also exposed whats going on. 

They lost a lot of money yesterday, but got it back today as certain stocks were banned from being bought. 
 

Edited January 28, 2021 by Stacktastic

[goldmember44]

1 hour ago, Midasfrog said:

Finger on the trigger 👉 Gold is only £16 away from its 3 month low 

Currently £1339. oz

You consider it a good entry point for a direction change? 

[Stacktastic]

19 minutes ago, goldmember44 said:

direction change? 

Downwards LOL.

[goldmember44]

5 minutes ago, Stacktastic said:

Downwards LOL.

I cannot imagine gold going any cheaper than that in this era of Biden public spending, ailing world economy, dollar weakness and Robinhood vigilantism. 

[Stacktastic]

6 minutes ago, goldmember44 said:

I cannot imagine gold going any cheaper than that in this era of Biden public spending, ailing world economy, dollar weakness and Robinhood vigilantism. 

Yeah You would think so wouldn't you.
I have a feeling there will be a surprise explosion. Its just too quiet, especially for gold. 
Price explosion

Its below the resistance I think now. Glad I got a bit of money out of some of the stock rallies today as they hit green. 

Edited January 28, 2021 by Stacktastic

[Kussilver]

Where’s @Wonger calling 400 gold, 🤔