Gold Monitoring Thread £ GBP only

[Paul]

39 minutes ago, Darr3nG said:

Which one?

The one that identifies as a cat 😺🐈

[SidS]

1 hour ago, Paul said:

The one that identifies as a cat 😺🐈

You called and I'm here!

[ZRPMs]

 Oh no mummy. The gold is just falling out of the sky. Is the moon falling too?

[ArgentSmith]

any thoughts on support levels?

[jultorsk]

7 minutes ago, ArgentSmith said:

any thoughts on support levels?

[Midasfrog]

[Upsidedown]

WEN 400??

[gji25]

On 19/06/2023 at 11:25, ArgentSmith said:

any thoughts on support levels?

dont know to much about support levels lol / but imo its a good time to buy, even from some dealers 

Edited June 21, 2023 by gji25
missing comas

[ZRPMs]

Is the pound so strong or has everything else, the Dollar more so, gone to hell. Anyhow I grabbed a few half sov's today. Think we might get to the £1,400's soon.

[ant1882]

Watching the price today to see what happens with BOE interest rates decision, almost ready to click the buy button on a bullion memorial sov... finally.

BBP have lost me as a customer, they want £402 vs £379 elsewhere!

Edited June 22, 2023 by ant1882

[MBTPSilver]

BBP are pretty well known at this point for being one of the more expensive dealers. You get a better service than with most of the others, but you certainly pay for it. They've just started a sale I noticed, so it may have brought some things down, particularly their proof coins it looks like.

[Solachesis]

51 minutes ago, ant1882 said:

Watching the price today to see what happens with BOE interest rates decision, almost ready to click the buy button on a bullion memorial sov... finally.

BBP have lost me as a customer, they want £402 vs £379 elsewhere!

With how much they charge, you'd think their sale would be more than 1% on gold, still more than the other dealers 😆

[HonestMoneyGoldSilver]

11 hours ago, ZRPMs said:

Is the pound so strong or has everything else, the Dollar more so, gone to hell. Anyhow I grabbed a few half sov's today. Think we might get to the £1,400's soon.

It's more USD and EUR have eased relative to the pound. The BoE for sure is going to continue to hike, we might even end up with the highest rates in the advanced world. We're still 0.5-0.75% shy of the current Fed rate so there's ample room. Every hike will strengthen GBP-USD and GBP-EUR pairs if they "skip" or "pause". The pound is still historically undervalued at £1=$1.28, although this is the highest it's been in over a year

[Stacktastic]

another nail in the banks coffins - well the ones whom have not managed thier risks properly and shave way too many low interest rate products out there. 
Make me wonder as the UK was the first to roll out the big V and other things in 2020 are we a testing ground for a controlled demolition of the economy??  

Either way as a small time gold dealer & ever advancing personal contrarian economist im 100% in the right place. 😛 

Whats the technical support on the UK gold price?? Not had time to look. Thanks 

[stefffana]

On 19/06/2023 at 11:25, ArgentSmith said:

any thoughts on support levels?

Only emotional support for those with a big stack, mate!

Hard to see @James32 losing in one month only from spot's drop more money than I earn in a year...

Just sayin'...

£1504...£1503...£1502...£1501...£1500...

[gji25]

25 minutes ago, Stacktastic said:

Whats the technical support on the UK gold price?? Not had time to look. Thanks 

Technical support says boom and bust. you sell on the boom and buy on the bust 👍

[Upsidedown]

Almost breaking into the 1400s !

[JamesH]

Buying on the way up and on the way back down again. End goal, more gold. Nothing’s changed. Just get a bit more for my money now 😀

[0laf5on]

Is the dip deep enough?

[JamesH]

13 minutes ago, 0laf5on said:

Is the dip deep enough?

It’s deep enough for me to buy a little more. If it goes deeper then I’ll grab a bit more again. If it’s at the bottom, I’d be disappointed to have missed it

[danieldorkins]

2 hours ago, gji25 said:

Technical support says boom and bust. you sell on the boom and buy on the bust 👍

Since I joined the forum I have read here that the forum way is buy in the boom and sell in the bust, so are you now telling me I've got it wrong? 😒😒

[Upsidedown]

4 minutes ago, danieldorkins said:

Since I joined the forum I have read here that the forum way is buy in the boom and sell in the bust, so are you now telling me I've got it wrong? 😒😒

Don't listen to him, he will accidentally make money doing It that way.

Always buy high sell low. Its the TSF way

Edited June 22, 2023 by Upsidedown

[HonestMoneyGoldSilver]

Dddddddid they just raise 50 bp? Wow, everyone was expecting 25 bp. We're now in roughly the same range - 5% BoE Base Rate - as the Fed Funds Rate (5-5.25%)

We're going to 5.5% if not 6% and this will cause carnage for the lower and middle-class households when it comes to mortgages, car leases, etc. Recession to control inflation has always been the plan. It's actually the right call if belatedly so. Shame it sucks for the plebs and those who own gold and silver. 

[MancunianStacker]

3 hours ago, HonestMoneyGoldSilver said:

 

Dddddddid they just raise 50 bp? Wow, everyone was expecting 25 bp. We're now in roughly the same range - 5% BoE Base Rate - as the Fed Funds Rate (5-5.25%)

 

I was expecting 0.5% in fact I’d bet they will do another 0.5% next month. I don’t think it’s working though. Especially if all the lenders allow people to “go interest-only”. Great if it doesn’t affect your credit score but to me it sounds like a default unless Govt step in like they did during Covid and guaranteed no credit history issues. This would make the interest rate hikes even less powerful, making  bigger hikes more likely 🤦‍♂️ 

People will blame the Govt when it’s not really their fault. BOE should have started increasing at 0.25% each month since the Covid helicopter 🚁 money started being paid out 🙄 

 

[MancunianStacker]

I guess the govt are at fault for the lock downs and the helicopter 🚁 money though 🤷‍♂️ 

People have bad memories and only remember the most recent thing to happen