Gold Monitoring Thread £ GBP only

[SilverDrum]

14 minutes ago, LawrenceChard said:

I'm still waiting for silver to hit $50 per ounce ( 18th January 1980).

😎

Was $45-49(ish depending on which chart you look at) not good enough to sell in 2011?

[LawrenceChard]

17 minutes ago, SilverDrum said:

Was $45-49(ish depending on which chart you look at) not good enough to sell in 2011?

Yes, of course.

I was only joking about waiting for $50 in 1980, although there are probably some people who are still holding on.

A dealer's function is to "make a market". 

There are a lot of coin and bullion retailers and distributors around who are not real dealers.

😎

P.S. I used https://www.chards.co.uk/blog/highest-silver-price-previous/618 for some of my historic data. It saves me from having to commit dates and prices to memory.

 

Edited February 24, 2022 by LawrenceChard

[gji25]

£1462 @ the time of posting 

[Ukbullionfan]

Starting to lower now back at 1453

Edited February 24, 2022 by Ukbullionfan

[Zhorro]

8 minutes ago, Ukbullionfan said:

Starting to lower now back at 1453

So either the crisis is over, or maybe the bullion banks are starting to panic at the high price (if they have shorted the market).

[Stacktastic]

11 minutes ago, Zhorro said:

So either the crisis is over, or maybe the bullion banks are starting to panic at the high price (if they have shorted the market).

A lot of the stocks have not really reacted - Even POLY is bouncing back hard. 
thew US is not bad either. I think its short term noise & we will see a panic buy into gold which will be dumped in a week/month. 

I have been a lot Wonger in the past though.  

Edited February 24, 2022 by Stacktastic

[Oldun]

.until this Spring punch up is over and falls away….this smalll spike prevails.

Edited February 24, 2022 by Oldun

[CaptCaveMan]

In the high 1430s now...

[Solly]

£1429 now 

[Solly]

And dropping....

[goluckystayhappy]

Anyone else confused by todays drop. Doesn't make sense.

[Solly]

Yep I am it came down just as quick as it went up. 

[modofantasma]

🍿🍿

Smells a bit like March 2020?

[Swampy]

It’s the Whales manipulating the market.  Hodl and 💎🙌

🚀

Doh - wrong thread! Sorry 😆😜

[Darr3nG]

Wonger's Curse

[goluckystayhappy]

Approaching $100 down from todays high.  Just illogical.

[Paul]

BUY HIGH SELL LOW 

[Leonmarsh]

2 minutes ago, Paul said:

BUY HIGH SELL LOW 

That's what I do mate don't give my secrets away 

[CaptCaveMan]

What's this SELL you speak of? 😆

[Solly]

Back to where we were yesterday!

[modofantasma]

I'll offer £250 for a 2022 full sov if anyone wants to sell before they're worthless? 

[Stacktastic]

51 minutes ago, goluckystayhappy said:

Anyone else confused by todays drop. Doesn't make sense.

Possibly news related algorythmic trading buying GLD. A guess but a probable one. 
Its a big thing to pretend to invade than actually sending troops in, so it would have been factored into thier computer stuff.  

Nasdaq has gone from all red to all green in a few hours. 

I still see a decent sized pull back on the cards in the next few months for gold. 
Especially if a lot of people take p[ositions and this situation subsides
or they tighten and then backtrack as it crashes the economy. 

I saw a headline to day from wells fargo saying its no the time to buy the dip. 
Thats suggests we might see a decent bounce to the upside & they want to buy it.  

Edited February 24, 2022 by Stacktastic

[FlorinCollector]

what a day. hope everyone sold the full stack this morning.

[Darr3nG]

8 minutes ago, FlorinCollector said:

what a day. hope everyone sold the full stack this morning.

Sold it all yesterday... Trying to buy it back now! FML!!!

[Darr3nG]

Laughing at my misfortunate timing... that's why I love this forum... really brings you down to earth!