Gold Monitoring Thread £ GBP only

[SidS]

What banking crisis? Joe Biden told me it was all alright. 😁

[dicker]

Gold at 1628.  Softer than I thought but hey that’s life.  

I guess that a lack of a big drop in gold price tells us the market doesn’t think this crisis is over, despite the CS problem being solved.

 

[apachebleu]

1 minute ago, dicker said:

Gold at 1628.  Softer than I thought but hey that’s life.  

I guess that a lack of a big drop in gold price tells us the market doesn’t think this crisis is over, despite the CS problem being solved.

 

 I think most of us here won't be burning the children to save the price of firewood at 1628.

 I anticipated a big pull back from the exciting heights of Friday, not based on anything, just because I'm a pessimist and can't believe after a lifetime of financial mistakes I'm shocked to actually see one of my assets appreciating.

 

[goluckystayhappy]

Well, the co-ordinated central banking intervention worked well.😁😂

[GoldDiggerDave]

This is just the first cycle we are going to end up with 2-3 Western world banks that own everyone and everything controlled by  BIS and the WEF. 

And the governments will fool the masses to say their actions their bailout are protecting people and saving them from a financial catastrophe. 
 

 

 

 

[ant1882]

£1640

[apachebleu]

 1641.02, bit moot to call an all time high, seems like that's an hourly occurrence now 

[goluckystayhappy]

Sliced through $2000/oz, I thought that price would have bought in a few shorts to defend it.

[ant1882]

£1646!

[apachebleu]

 Nope, now where's @Paul to shout to the moon...this time completely without irony

[27carrots]

Bedtime for me. £1700 when I wake up I bet.

[apachebleu]

1 minute ago, 27carrots said:

Bedtime for me. £1700 when I wake up I bet.

I have no idea but this is quire exciting

[GoldenGriffin]

8 hours ago, apachebleu said:

 Shame nobody looking at my current sales thread shares that sentiment

😄

Sadly, there are less buyers while we're in this cost of living crises.

I would have bought more, but I have been unable to.

When gold keeps hiking upwards and the more affluent start to take notice along with other instruments failing, you shouldn't have a problem selling 😉 

Edited March 20, 2023 by GoldenGriffin

[dicker]

So the question is what is driving the price higher?  There is an argument to say that Gold should decline after CS problem resolved (I don’t buy that).

Gold price indicates something. Answers on a post card!

 

 

[SidS]

31 minutes ago, ant1882 said:

£1646!

My prediction the other day then was in the ballpark - obviously I got the day wrong!

[flyingveepixie]

31 minutes ago, 27carrots said:

Bedtime for me. £1700 when I wake up I bet.

Over the weekend I was thinking £1650 by the end of the week, but what can I say....🙄

[Paul]

£1660 by the end of the day ! 

To da'mooooooooooooonn!! 

[flyingveepixie]

CS and UBS Share prices don't seem to be moving any. I don't know what that means, if anything...🤔

 

[SidS]

On 15/03/2023 at 15:45, SidS said:

I predict £1643-£1656 for the top - today.

This could get old very quick.

Made it, but it's still going up!

[Geovest]

7 minutes ago, flyingveepixie said:

CS and UBS Share prices don't seem to be moving any. I don't know what that means, if anything...🤔

 

UBS down 14%, Credit Suisse Down 63% (basically takeover price

[apachebleu]

44 minutes ago, GoldenGriffin said:

😄

Sadly, there are less buyers while we're in this cost of living crises.

I would have bought more, but I have been unable to.

When gold keeps hiking upwards and the more affluent start to take notice along with other instruments failing, you shouldn't have a problem selling 😉 

  I suspect your right, it's obviously a c**p time to sell and I'm not too bothered either way, luckily I don't have to do it...it just makes a few recent decisions a little easier to justify plus I'm having a bit of fun s*** posting in my sale thread

[Geovest]

Barclays down nearly 7%

Nobody is really buying that the problems are over

[apachebleu]

 I'm watching the mints prices on sovs and brittanias to guage the real effect these price have on what's in my stack and the numbers are getting very high. Reckon we'll see 450 quid a soverign by the time this little affair is over?

 

[Paul]

14 minutes ago, flyingveepixie said:

CS and UBS Share prices don't seem to be moving any. I don't know what that means, if anything...🤔

 

You state what most of us think ! 

We don't really know what it means 

Lloyds are down to here in UK 

[SidS]

I think the wheels are about to come off somewhere.