Gold Monitoring Thread £ GBP only

[kurama]

Such an itchy feeling holding your finger over the buy button... 🙄

[Nugget]

I'm still sat waiting.  I know on the grand scheme of life the difference between me paying £1280 and £1310 for an ounce isn't going to matter...but I might settle at £1300 lol 

[Stacktastic]

Its not gone down enough for me to buy any more physical / mining stocks. 
$1700 is what im looking at as it could fall a lot more if it hits that.
My guess is bond yields are being taken down a bit intentionally. 
Whether that can be sustained I dont know, but the gold correction can go a lot lower IMO. 

Makes sense to buy on all the drops though I guess as it should be sky high by now with all the stimulus money & also printing and stuff. 
Its interesting that the stock market is also very green today and also crypto is doing well. 

Maybe this year end sell off stuff has come to an end. I know nothing about it really? 

Edited March 9, 2021 by Stacktastic

[5huggy]

21 minutes ago, Stacktastic said:

Maybe this year end sell off stuff has come to an end. I know nothing about it really? 

IMHO - the "sell down" was possibly/probably covering margin calls against "shorts" and or to get out of "shorts"

That's why they are referred to as "NAKED" shorts 

BECAUSE they see the "BULL" coming 😉

 

 

[Nugget]

Hey I'm happy if it falls to £1200 ish, I can just buy more lol 

I try and buy something each month.  Last month sovereigns, month before was an ounce (£1383 I paid) this month, probably an ounce as they are out of Sovereigns lol 

Edited March 9, 2021 by Nugget

[Bars]

21 hours ago, Connor said:

What makes you think there will be a jump? Because of the added attention low prices in this dip will attract?

Once people realise that things are not normal and the economy is screwed. It probably gets repeated 100x, but they cant be printing ridiculous amounts of money without anything happening. 

[Spark268]

1 hour ago, Stacktastic said:

Its not gone down enough for me to buy any more physical / mining stocks. 
$1700 is what im looking at as it could fall a lot more if it hits that.
My guess is bond yields are being taken down a bit intentionally. 
Whether that can be sustained I dont know, but the gold correction can go a lot lower IMO. 

Makes sense to buy on all the drops though I guess as it should be sky high by now with all the stimulus money & also printing and stuff. 
Its interesting that the stock market is also very green today and also crypto is doing well. 

Maybe this year end sell off stuff has come to an end. I know nothing about it really? 

i harvested about 10% of my portfolio from "Value" equities to miners. Got bored waiting for a turnaround at british gas 😒

[Paul]

Still a c**p price for what gold should be at, but OOOHHH !!

look at the numbers are £1,234.56 !

Can't wait for it to be £2,345.67 on its way, ...............to the moon ! 

[Nugget]

Ooh £1302 a coin 

Go on, dip below £1300 and I will click buy lol 

Edited March 10, 2021 by Nugget

[Foster88]

5 hours ago, Paul said:

Still a c**p price for what gold should be at, but OOOHHH !!

look at the numbers are £1,234.56 !

Can't wait for it to be £2,345.67 on its way, ...............to the moon ! 

You just wait until it’s £5,678 

Never did like Steps but I’d like this gold price. 😆

[Nugget]

Still waiting ........

I think it's taking the Mick outta me now 😂

[Davey1800]

12 hours ago, Nugget said:

Still waiting ........

I think it's taking the Mick outta me now 😂

£1298.42 on Atkinson’s.... you gonna pull that trigger?

[Nugget]

Just now, Davey1800 said:

£1298.42 on Atkinson’s.... you gonna pull that trigger?

Already done 🙂

[stefffana]

3 minutes ago, Nugget said:

Already done 🙂

Proud of you!🤗

[stefffana]

2 minutes ago, stefffana said:

Proud of you!🤗

[Nugget]

Wife was laughing as I was waiting for it to dip below £1300 (the coin).

Watch it fall to £1200 now, thats typically my luck lol 

[Smiler999]

44 minutes ago, Nugget said:

Wife was laughing as I was waiting for it to dip below £1300 (the coin).

Watch it fall to £1200 now, thats typically my luck lol 

I know the feeling, but then if you never roll the dice you'll never get that shiny gold coin 😃

[Martin1983]

My first ever 3 gold 1oz bars arrived today, for some reason it does feel good to have some gold instead of cash sitting in the bank.

 

waiting on the other 3 arriving 

[Spence098]

1 hour ago, Martin1983 said:

My first ever 3 gold 1oz bars arrived today, for some reason it does feel good to have some gold instead of cash sitting in the bank.

 

waiting on the other 3 arriving 

Can't beat it mate....cash in the bank is boring....shiny metals are exciting 😂😂

[Stacktastic]

On 09/03/2021 at 18:43, Spark268 said:

i harvested about 10% of my portfolio from "Value" equities to miners. Got bored waiting for a turnaround at british gas 😒

Miners should bounce back. Stimulus is coming and yields will be hold back or reduced. 
It looks promising. Even Alba shot up today!! A lot of the mineral miners are spiking up. 
The GDXJ is down, looks like a good buying opportunity might present itself. 

Im expecting under 1200 gold soon. Might buy an ounce or two. 

8 hours ago, Spence098 said:

Can't beat it mate....cash in the bank is boring

Unless you know for certain there is a stock market crash coming. 
Sitting on cash & liquid assets is the best thing to do in that situation 
I wish I had a crystal ball as im sure it's reached a peak!

Edited March 12, 2021 by Stacktastic

[Nugget]

Just don't commit all your capital in one go.  Then if markets / prices fall further you have cash on hand to take advantage of a price drop 🙂

I have just purchased an ounce but have capital on hand should the price fall to £1000 tomorrow I can buy more.

Slow and steady, drip freed it into the markets / asset.

 

[Spence098]

2 hours ago, Stacktastic said:

Unless you know for certain there is a stock market crash coming. 
Sitting on cash & liquid assets is the best thing to do in that situation 
I wish I had a crystal ball as im sure it's reached a peak!

Was just joking mate... never put all your eggs in one basket as they say 😂

[Robda1986]

I've got a feeling we will se it test the markets at 1212.21 before the end of the week (sorry couldn't resist 😂) 

[Stacktastic]

4 hours ago, Spence098 said:

Was just joking mate... never put all your eggs in one basket as they say 😂

I guessed that. Having said that i have a wad of notes from Facebay sales this year -
I struggle to take cash seriously now I know what i know. Its monopoly money to me now. 

[Bars]

Sharp rise today. There goes my ounce purchase 😔