Gold Monitoring Thread £ GBP only

[FlorinCollector]

@James32 Dare I say gold joining the crash 😎

[James32]

5 minutes ago, FlorinCollector said:

@James32 Dare I say gold joining the crash 😎

I've just bought a fair amount over the weekend/today so I'd imagine it's about to fall off a cliff 🤣

[EdwardTeach]

2 hours ago, CANV said:

pension funds will not have much exposure to crypto .  well the more aggressive ones might have some.. their version of 'tech' is Microsoft.....

the buying opportunities will be in stocks not PM's    but there is a way yo go yet.  the real deal is if you can sell your PM's and buy growth stocks at the right time ..

no one can but id guess that moment is 6 months away ...? 

 

Have you been watching the spike in the 10 year yield (TNX) today?  It’s currently at 3.3666 and rising rapidly.  SHTF time or what? Looks like this might be the start of the big one... Personally I wouldn’t want to be invested in the stock market right now.

What do you guys think? Is this the beginning of the debt market implosion and absolute wipeout of global stock markets we’re about to witness?

[CANV]

when its time to cover bad calls, and margins that are offside, the good stuff gets sold.. and that includes gold. 

[FlorinCollector]

@EdwardTeach I think people have been taught backwards. We have just spent over a year at all time highs and everyone buying like no tomorrow. This is the best time to buy. If you liked any prices since march 2020. Then these prices are a lot nicer.

[CANV]

Just now, EdwardTeach said:

Have you been watching the spike in the 10 year yield (TNX) today?  It’s currently at 3.3666 and rising rapidly.  SHTF time or what? Looks like this might be the start of the big one... Personally I wouldn’t want to be invested in the stock market right now.

What do you guys think? Is this the beginning of the debt market implosion and absolute wipeout of global stock markets we’re about to witness?

its tricky one......      with inflation out of control, all the bullets shot on QE, and zero respect.  the central banks have a 70's style problem 

[Paul]

9 hours ago, FlorinCollector said:

@James32 Dare I say gold joining the crash 😎

Wah doooooooommmmmmmed !!

[SovereignBishop]

9 hours ago, FlorinCollector said:

@EdwardTeach I think people have been taught backwards. We have just spent over a year at all time highs and everyone buying like no tomorrow. This is the best time to buy. If you liked any prices since march 2020. Then these prices are a lot nicer.

Exactly. If you believe in the companies which you have invested in, and why would you buy stocks of companies unless you do, now is a great opportunity to add cheap or discounted stocks.

It may seem shocking to some people but everything in the red means buy buy buy.

Instead people flock to gold near its all time high like it won’t go back down when this is all settled ?

[chrisdobb]

5 hours ago, SovereignBishop said:

Exactly. If you believe in the companies which you have invested in, and why would you buy stocks of companies unless you do, now is a great opportunity to add cheap or discounted stocks.

It may seem shocking to some people but everything in the red means buy buy buy.

Instead people flock to gold near its all time high like it won’t go back down when this is all settled ?

The bigger question is will all this be settled and in what manner, who knows?

[FlorinCollector]

5 hours ago, SovereignBishop said:

Exactly. If you believe in the companies which you have invested in, and why would you buy stocks of companies unless you do, now is a great opportunity to add cheap or discounted stocks.

It may seem shocking to some people but everything in the red means buy buy buy.

Instead people flock to gold near its all time high like it won’t go back down when this is all settled ?

I think I have seen 2 or 3 cycles of this now. In the end they post all of their stuff on here at a heavy loss for us to buy. 

[CaptCaveMan]

10 minutes ago, FlorinCollector said:

I think I have seen 2 or 3 cycles of this now. In the end they post all of their stuff on here at a heavy loss for us to buy. 

I've been holding fire on some purchases since the big jump earlier this year.  Seeing history it seems obvious it will eventually drop again and that's when I'll kick start the habit again... question is when and by how much?

It will be sometime before things settle again as the roller-coaster is just getting started.

[FlorinCollector]

@CaptCaveMan Just getting started indeed.

[SovereignBishop]

15 minutes ago, CaptCaveMan said:

I've been holding fire on some purchases since the big jump earlier this year.  Seeing history it seems obvious it will eventually drop again and that's when I'll kick start the habit again... question is when and by how much?

It will be sometime before things settle again as the roller-coaster is just getting started.

I will keep buying smaller amounts of gold but going to be holding off on large purchases with the price the way it is.

[Ukbullionfan]

So I take it around £1500 is the new lock price for a while.

[SovereignBishop]

We need to realise we are buying a bull market now.

if 2012 repeats we will see a massive pull back, even 2021 we saw a big pull back so prepare for the fact we could be buying a top.

 

[Geovest]

6 hours ago, SovereignBishop said:

We need to realise we are buying a bull market now.

if 2012 repeats we will see a massive pull back, even 2021 we saw a big pull back so prepare for the fact we could be buying a top.

 

True, but the purchasing power of £ Sterling has declined by over 8% over the last year as reflected by the inflation rate and even more than that in relative value compared to the USD. The gold price in £ just reflects that relative position. The primary quote for gold is in USD and is still 12% below its high.

[EdwardTeach]

Looks like the FED and ECB are going to print money even faster and kick off a hyperinflation event to stop the debt market from ‘fragmenting’ as they call it (or as we say in laymans terms: bond yields were rapidly spiking and about to cause a complete financial meltdown).

I’m not sure what this means for gold over the short term but hyperinflation should be very bullish for gold over the long term.

Edited June 15, 2022 by EdwardTeach

[FlorinCollector]

14 minutes ago, EdwardTeach said:

Looks like the FED and ECB are going to print money even faster and kick off a hyperinflation event

Could you explain this?

[jultorsk]

10 minutes ago, FlorinCollector said:

Could you explain this?

Thread 

 

[FlorinCollector]

3 minutes ago, jultorsk said:

Thread 

 

Thank you I imagine they let countries like Italy die to save the European dream. Interesting. 

[EdwardTeach]

15 minutes ago, FlorinCollector said:

Could you explain this?

It's a bit complicated and lengthy to explain in text but either of these videos will tell you what's happening.

Gregory Mannarino:
https://www.youtube.com/watch?v=rFSdarxOsZI

Maneco64:
https://www.youtube.com/watch?v=u3dzpxX2xRQ

[Paul]

In laymans terms, if all you have in your tool bag is a hammer, everything looks like a nail 

[StackerBritt]

1 hour ago, EdwardTeach said:

Gregory Mannarino:
https://www.youtube.com/watch?v=rFSdarxOsZI

Since when did Skeletor stop being a bad guy and start economic commentary?

[Bigmarc]

15 minutes ago, StackerBritt said:

Since when did Skeletor stop being a bad guy and start economic commentary?

Lol, and the maneco64 character looks like the creepy old guy from up. I do listen to Gregory maneriono when I can as the news is good if you can filter out all the noise. 

[Paul]

1 hour ago, StackerBritt said:

Since when did Skeletor stop being a bad guy and start economic commentary?

He is looking very gaunt, he's always cracking out the new content though. I expect cocaine will always catch up with you, can't burn the candle at both ends forever. So someone tells me 🙄🙄🙄😁