Gold Monitoring Thread £ GBP only

[MrStacker]

2 minutes ago, ArgentSmith said:

Silver has outperformed Gold over the last 7 days by almost 2x and it's still a bargain 😁

I wasn't taking the mick with silver. More with that Andy fella. I stack silver too but every podcast episode I listen to regularly usually has him as a guest speaker and it can get annoying when he repeats the same thing over and over again. More of a marketing ploy as the bullion company he runs sponsors a lot of those gold/silver-related youtube channels.

Edited March 17, 2023 by MrStacker
typo

[Fenlander1]

2 minutes ago, ArgentSmith said:

Silver has outperformed Gold over the last 7 days by almost 2x and it's still a bargain 😁

This could be silvers time

[GoldDiggerDave]

7 minutes ago, CazLikesCoins said:

Are we witnessing the collapse of the global economy? Glad I started growing some veg in the garden now.

Na, I'm just gonna eat the vegans.  

[SidS]

1 minute ago, Fenlander1 said:

This could be silvers time

I hope so!

[Zhorro]

9 minutes ago, Roy said:

When the gold runs out, silver will have its turn.

Silver is up about 8.5% today.

[Paul]

14 minutes ago, MrStacker said:

Andy Schectman still preaching that there is a MASSIVE SHORTAGE of silver. SO BUY BUY BUY.

Doesn't he own a gold and.silver company?????

[James32]

2 minutes ago, Paul said:

Doesn't he own a gold and.silver company?????

Purely coincidence 😆 

[EdwardTeach]

[dicker]

30 mins before the markets close and there is every chance that Gold will close at an all time high.

Looking at the markets, the senior management at a lot of banks will be working all weekend on funding, solvency and potentially mergers.

[EdwardTeach]

Friday night smackdown?

Just kidding. 😂

[Goldfever20]

Gold is behaving like it's expecting the end of the world next week😅

[kimchi]

1 minute ago, Goldfever20 said:

Gold is behaving like it's expecting the end of the world next week😅

After the last few years we've got to have something to look forward to

[Zeuk]

There must be some significant money pilling into the futures market atm

[EdwardTeach]

There it is folks.

£1,634.77 - weekend close

£1,636.38 - new ATH

[Midasfrog]

£1636.38 a few minutes ago 😆

[dicker]

1633 - that’s it for this week folks.

What a cracker.

It’s worth keeping an eye on the news over the weekend, I suspect more bad news for banks and good news for Gold.

[Lyrinn]

On 15/03/2023 at 16:20, Lyrinn said:

Er... £1,650 by Friday?

Oh no, what have I done?!?!?!1

[lst65]

5 hours ago, MrStacker said:

It. Just. Won’t. Stop. 😱

Wish you’d bought a few ounces on 28th Feb..?!! Ding dong. I do 😂

[Goldfever20]

8 minutes ago, lst65 said:

Wish you’d bought a few ounces on 28th Feb..?!! Ding dong. I do 😂

 

[GoldenGriffin]

2 hours ago, sellerstacker said:

One thing I don't understand - why did the ECB hike interest rates, especially given higher interest rates caused the banks' problems, which pretty much everyone knows? Anyone have a plausible answer other than - governments don't care about banks 🙃😄? 

Puts pressure on smaller banks, causing to close and distribute deposits to larger "too big to fail banks" making the depositors "whole" again.

[CANV]

loving it... cant see the central banks hiking in this environment.  they are fecked both ways.  although commodity prices are still falling 

Edited March 17, 2023 by CANV

[Zhorro]

1 hour ago, dicker said:

It’s worth keeping an eye on the news over the weekend, I suspect more bad news for banks and good news for Gold.

UBS is in talks to buy all or part of Credit Suisse:

https://www.zerohedge.com/markets/ubs-reportedly-talks-acquire-credit-suisse

[SidS]

All that's needed now is for the sheeple to lose confidence and I'd say the game is up.

They were fooled in 2008, so they could be fooled again.

The system is sick though and people are more aware this time that everything seems to be breaking down. I've been hearing it more and more since covid.

[Stacktastic]

this is all controlled i think. Big banks take out the weaker ones.
Especially if they have a better 24-7 crypto - fiat network or lend to tech/blockchain firms. 😛 

They wont be happy with the moves in gold, but I do think there could be a panic.
Depends what the media are instructed to do I would say??

A financial meltdown - don't think so, they need trust for thier beloved CBDC's this year dont they?  
Desperate attempts to wallpaper over a whole in the wall (if thats actually a saying)?? 

Im hoping silver breaks out personally even if for a week or more. 
Got KG's lying about only useful as door stops at the moment.  

Edited March 17, 2023 by Stacktastic

[SidS]

4 minutes ago, Stacktastic said:

this is all controlled i think. Big banks take out the weaker ones.
Especially if they have a better 24-7 crypto - fiat network or lend to tech firms. 😛 

It's a big risk they are playing if so.

They can analyse and model data outcomes all they want. It could all work on paper. What they always fail to take into account is human nature, specifically irrationality.

France is having quite a day today.

Edited March 17, 2023 by SidS