Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. Join today for FREE! Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking/collecting. 21,000+ forum members and 1 million+ forum posts. For the latest up to date stats please see the stats in the right sidebar when browsing from desktop. Sign up for FREE to view the forum with reduced ads. 

Gold Monitoring Thread £ GBP only


Paul
Message added by ChrisSilver

This topic is to discuss price action in GBP, to discuss price action in $ USD, please see this topic: https://thesilverforum.com/topic/19962-gold-monitoring-thread-usd-only/

 

Recommended Posts

1 minute ago, Midasfrog said:

Buy the dip they said , sorry currently OUT OF STOCK 😂

Web capture_30-5-2023_154344_www.bullionbypost.co.uk.jpeg

That's the stuff of amateurs.

Always buy high, sell low.

This is the way

This user has a knack for offending others with their sense of humour.

Please DO NOT take seriously.

Complaints go directly to ChrisSilver.

Link to comment
Share on other sites

25 minutes ago, CazLikesCoins said:

The dip often gets wiped out in the p&p as people clamour to buy 1/10s.

To be fair. Had I not looked at the charts I would have thought than gold had gone up. At an auction yesterday and people were just reaching for the sky. It was like a classroom full of kids asking for the loo.

Image result for classsroom full of hands up

Link to comment
Share on other sites

1 minute ago, ZRPMs said:

To be fair. Had I not looked at the charts I would have thought than gold had gone up. At an auction yesterday and people were just reaching for the sky. It was like a classroom full of kids asking for the loo.

Image result for classsroom full of hands up

Rampant gold fever at an auction. Like watching lions devouring a zebra. Then buy half a sov for £600 quid during a dip and still feel victorious. Speaking from experience lol.

Link to comment
Share on other sites

@Paul

£1,569 and falling! Was Wonga right all along?!

Abort Abort Mission GIF - Abort Abort Mission GIFs

Floki To The Moon Floki Rocket GIF - Floki To The Moon Floki Rocket Flokiviking GIFs

Edited by Lyrinn

The inferior man argues about his rights, while the superior man imposes duties upon himself.

He who has a why can bear almost any how.

Every act of beauty is a revolt against the modern world.

Link to comment
Share on other sites

5 minutes ago, flyingveepixie said:

£1564.90    I'm beginning to wonder if it's a dip or a crash..🤔

It's just a dip don't worry.

 

Crash will be tomorrow £400

This user has a knack for offending others with their sense of humour.

Please DO NOT take seriously.

Complaints go directly to ChrisSilver.

Link to comment
Share on other sites

11 minutes ago, flyingveepixie said:

£1564.90    I'm beginning to wonder if it's a dip or a crash..🤔

Looking at the last five years, it's not even a dip yet...
image.thumb.png.8a0e5bd80eda03e9e2b69d413f3bd45d.png

Looking to complete a date run of Bu Sovs and still require; 2010, 2011, 2018 & 2019

Link to comment
Share on other sites

We're 1 week 1 hour and 50 mins away from the next Fed meeting. A few weeks ago the market (interest-rate traders using the 30-day Fed Funds Rate futures) was factoring in 0% chance of a hike to 525-550 bp but since then the odds, according to the market, have increased from 0% to 35% of another hike. I held firm in my belief the Fed would hike on 14th June. I am a little surprised by what I believe will be another THREE HIKES after 14th June but this appears to be the consensus not just with the Fed but also the BoE and ECB. The BoE is currently at 4.5% but will most likely hike to 5.5% over the next 4 meetings.

There may even be 6 further 25 bp hikes. None of that is good news for gold as the "risk-free rate" is currently 5.122% (1-month Treasury) so those seeking safe-havens, especially the rich, are pumping their money there and not into precious metals. That timeline puts the pause circa September to November and likely means sideways trading or downwards pressure on gold until then

CME FedWatch Tool - CME Group

Mind is primary and mass-energy is derivative

Link to comment
Share on other sites

Royal mint have time adjust the RRP for Monday's sovereign release in light of today's dip.

That's reassuring to know, kerching for all! £££

#cashback #savings #wepossiblymightnotdoiteither

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use