Gold Monitoring Thread £ GBP only

[Upsidedown]

14 minutes ago, Smiler999 said:

Any predictions now the debt ceiling debacle is almost resolved?

1,575. I don't expect much reaction

[Midasfrog]

On 24/05/2023 at 09:14, flyingveepixie said:

Yes UK.   https://www.moneysavingexpert.com/latesttip/#energy

Yes, not really much of a drop, but a drop nonetheless, and I noticed the fuel prices at our local pump were a bit lower yesterday too.   In the world of the Good Morning Britain watching masses out there all these little titbits and tasters of implied prosperity will influence their thinking to make it all seem better than it really is and get them booking their luxury holidays and thinking about a new car once again, so I think in the wider sense it does imply stability to the economy, even if it's a lie.

My issue is how it will all affect the gold price, and I suspect if it continues for the next few months gold spot will fall as consumer and market confidence grows, even if it is all a part of the grand manipulation.

There's something wierd going on with my posts this morning...   I had to attempt the above three times as it kept vanishing..??🤔

I don't think it will have any affect on the gold price as there are so many other factors around the world that will keep pushing gold up such as the counter offensive in Ukraine and the housing market slowdown.

Also the Government will not be helping out with fuel bills so the potential impact of any decreases in bills will be lost

[Coverte]

4 hours ago, Smiler999 said:

Any predictions now the debt ceiling debacle is almost resolved?

All this talk about the debt ceiling is just 'noise' - a distraction; of course they will continue borrowing more, and more, and more - what else can they do.

I suspect gold may drop a little further in the shorter term at least, it's usually relatively slow moving until things get far worse than they are right now, excl any GBP/USD currency related moves of couse.

[CANV]

the 'debt ceiling' is wheeled out all the time.  no one  in the markets gives a c**p. 

[ant1882]

£1593.999!

Edited May 29, 2023 by ant1882

[Paul]

13 minutes ago, ant1882 said:

£1593.999!

. . . .  To da'mooooooooooooon ! 

Wonga was wrong 

[James32]

16 minutes ago, ant1882 said:

£1593.999!

Where's this? Atkinsons are showing £1572 and BBP £1574

[Upsidedown]

2 minutes ago, Paul said:

. . . .  To da'mooooooooooooon ! 

Wonga was wrong 

A rise like that will crash the market.

£400 tomorrow guaranteed

[ant1882]

Just now, James32 said:

Where's this? Atkinsons are showing £1572 and BBP £1574

TradingView

https://www.tradingview.com/symbols/XAUGBP/

[ant1882]

I notice a lot of other places not showing this price, it could be a glitch or it could be a more up to date price... who knows! Find out soon.

Looking at smaller timescales on that chart, it looks like a glitch... very unusual.

Edited May 29, 2023 by ant1882

[bobski]

It's been £1574.00 flat since 19:30 at BBP

[ant1882]

1 minute ago, bobski said:

It's been £1574.00 flat since 19:30 at BBP

18:30 UK time this jump apparently occurred.

[bobski]

[bobski]

1 minute ago, ant1882 said:

18:30 UK time this jump apparently occurred.

If they don't have their daylight saving adjustment, could be the reason of that flatline starting at bang on 7:30pm?

[bobski]

Silver did the same

[ant1882]

2 minutes ago, bobski said:

If they don't have their daylight saving adjustment, could be the reason of that flatline starting at bang on 7:30pm?

Seems too weird, must be a glitch in the matrix as everywhere else disagrees on the higher price.

[NGMD]

Most normal people’s trading position on Gold.

[bobski]

2 minutes ago, ant1882 said:

Seems too weird, must be a glitch in the matrix as everywhere else disagrees on the higher price.

Something very strange going on behind the scenes I think. Is there any breaking news that might be related?

[bobski]

It's like one place is telling the truth and everywhere else have paused the PM markets?

[Zhorro]

14 minutes ago, bobski said:

Something very strange going on behind the scenes I think. Is there any breaking news that might be related?

On ZeroHedge the main story is a ship flooded by big waves:

https://www.zerohedge.com/markets/carnival-sunshine-cruise-ship-battered-massive-waves-leaving-multiple-decks-flooded

So, it could be a big boating accident!

Edited May 29, 2023 by Zhorro
typo

[Roy]

Aren't the markets closed today?

[bobski]

11 minutes ago, Roy said:

Aren't the markets closed today?

No

[Upsidedown]

OMFG HE WAS RIGHT

[SidS]

10 hours ago, Upsidedown said:

OMFG HE WAS RIGHT

I'm buying at this price, who wants to sell?

I'll offer £60 per sovereign.

[Upsidedown]

1 minute ago, SidS said:

I'll offer £60 per sovereign.

Christ. That's the stuff of nightmares.

Or is it? Maybe I'd buy a few hundred..

I can't decide