Gold Monitoring Thread £ GBP only

[dicker]

Thank you.

[Booky586]

My guess is the recent GBP spot upward spike is driven by the BoE interest rate status and the downward GBP/USD exchange rate. It'll probably settle down to meet the USD spot price moving average.

So I'm saying down.

[Spark268]

To us he probably sounds like an old bore and nothing more than a glorified executive who provides a summary of the days news. 

but to the younger ones, he might provide some guidance, like this guy...

 

Edited November 7, 2021 by Spark268

[HerefordBullyun]

14 minutes ago, Spark268 said:

To us he probably sounds like and bore and nothing more than a glorified executive who provides a summary of the days news. 

but to the younger ones, he might provide some guidance, like this guy...

 

Haha thanks for video - made me smile and laugh lots

[sovereignsteve]

I suspect it'll start off quiet like most weeks but it'll get knocked down at some point.

[HerefordBullyun]

Monday its hammer time, by the time the US markets close!

I reckon at least £15 down $20 off at least

[Spark268]

it looks like there is going to be quite a fat finger event in all of this, that's for sure....

[Roy]

So, is anyone selling?

[HerefordBullyun]

2 minutes ago, Roy said:

So, is anyone selling?

Not much much movement in Austraila - Hong Kong opens in 20 minutes - LMBA have a desk there may see some action then

[Roy]

I have a holding on bullionvault and it went up!

Can sell @  £1346

Tidy profit 👍

[Booky586]

15 hours ago, Booky586 said:

My guess is the recent GBP spot upward spike is driven by the BoE interest rate status and the downward GBP/USD exchange rate. It'll probably settle down to meet the USD spot price moving average.

So I'm saying down.

 

14 hours ago, Spark268 said:

To us he probably sounds like an old bore and nothing more than a glorified executive who provides a summary of the days news. 

but to the younger ones, he might provide some guidance, like this guy...

No need to attempt to insult, I'm just joining in to the guessing game.

[Spark268]

no offence was intentional, i was just upset that binance had 'forgotten' about my long eth / short doge trade after not logging in for a few months. 

I was expecting to be a millionaire now. After finally logging in tho, i found that still am. It will just cost more to transfer out than the 30quid profit i made 😕

Edited November 8, 2021 by Spark268

[James32]

£1350+ and only Tuesday??? Right on target for a decent week?? 

[Nick1368]

looking good , £1400 by Christmas and into January would be very nice 

[dicker]

As predicted by me, I called gold as heading lower and to prove I am a complete fool, it did the opposite.  At 1367 I am happy to be a fool.  

[James32]

1 minute ago, dicker said:

As predicted by me, I called gold as heading lower and to prove I am a complete fool, it did the opposite.  At 1367 I am happy to be a fool.  

Yaaassss I called it right lol, but my concern now is its only mid week.

[jultorsk]

US CPI +6.2% y-o-y 🤯

Price increases over last year (CPI report):
Gasoline: +49.6% 
Gas Utilities: +28.1% 
Used Cars: +26.4% 
Meats/Fish/Eggs: +11.9% 
New Cars: +9.8% 
Electricity: +6.5% 
Overall CPI: +6.2% 
Food at home: +5.4% 
Food away from home: +5.3% 
Transportation: +4.5% 
Apparel: +4.3% 
Shelter: +3.5%

[Zhorro]

US consumer prices soared to 6.2% (highest rate since 1982), so I guess that pushed gold up:

https://www.zerohedge.com/personal-finance/us-consumer-prices-are-spiking-their-fastest-40-years

[HerefordBullyun]

now i am sailing really close to the wind with Mr @stefffanaover my 1oz bet💨😁

Edited November 10, 2021 by HerefordBullyun

[Mtaybar]

I called it wrong as I thought it was a flash in the pan last week. I've been proven very wrong lol. I thought I left it a bit late to join in this game but so far it's looking good for the little bit I have. Some is better than none. 

[ArgentSmith]

Breakout

[dicker]

@jultorskis correct about the inflation numbers.

It may well be that the market had picked up a hint of the official numbers last week.  Certainly most oF us don’t need the Fed to tell us what inflation is doing….

[James32]

43 minutes ago, jultorsk said:

US CPI +6.2% y-o-y 🤯

Price increases over last year (CPI report):
Gasoline: +49.6% 
Gas Utilities: +28.1% 
Used Cars: +26.4% 
Meats/Fish/Eggs: +11.9% 
New Cars: +9.8% 
Electricity: +6.5% 
Overall CPI: +6.2% 
Food at home: +5.4% 
Food away from home: +5.3% 
Transportation: +4.5% 
Apparel: +4.3% 
Shelter: +3.5%

Shocking but only the foot of the mountain if you ask me (not that you did lol)

[stefffana]

40 minutes ago, HerefordBullyun said:

now i am sailing really close to the wind with Mr @stefffanaover my 1oz bet💨😁

Everything is possible. Even Norwich can win against Chelsea in a sunny day.

[HerefordBullyun]

2 minutes ago, stefffana said:

Everything is possible. Even Norwich can win against Chelsea in a sunny day.

more chance of gold getting £10000000