Gold Monitoring Thread £ GBP only

[5huggy]

6 minutes ago, KDave said:

Christmas gets earlier every year it seems. 

Not sure if we are using "Chinese" or "Gregorian" or "WTF" calenders any more!🤣

But I love that when TRUMP TWEETS - the world "SQUEEKS!"   ergo  --->>>        

[Kookaburracollector]

Things could get interesting from here..the yield curves in both the USA and the UK have just inverted..and that includes the 2 to 10 in the USA...the business news channels should be all,over this one later today..

[5huggy]

Its going to look like watching tennis - back and for the between the LBMA and Comex (Crimex)  trading the futures up and down  😉😊

---

Added 0 minutes later...

the GSR - is showing that to good effect  - - - >>

[5huggy]

Hmmmmmmmmmmmm   NICE!!! 😊

METAL	BUY	SELL	CHANGE
Gold	£1,255.92	£1,260.53	£18.00+1.45%
Silver	£14.24	£14.29	£0.26+1.86%
Platinum	£707.82	£711.54	£9.76+1.40%

[KDave]

13 minutes ago, Kookaburracollector said:

Things could get interesting from here..the yield curves in both the USA and the UK have just inverted..and that includes the 2 to 10 in the USA...the business news channels should be all,over this one later today..

Soon the QE will flow then, hold tight to the gold and get ready to buy more, inflation is going to get cheeky. 

Apparently Sterling is at October 2016 levels against the dollar and shorts were at record numbers on Monday. Might be the bottom for Sterling, or maybe top for the dollar. What that means for gold and stocks not sure. I had read a target for Sterling another 10% down from here though so who knows. 

[5huggy]

8 minutes ago, KDave said:

get ready to buy more

Just buy more now - before the "herd" wake up! IMHO

£ against Euro - holding point for now

 

[5huggy]

FTSE  -taking a bit of stuffing

  

and then we get the "inevitable" smack back just before US market opens - - - - >>>

[Kookaburracollector]

There is one big worry for me here..the commercials are holding a massive short interest in gold at the moment, the complete opposite to the hedge funds, who hold 300,00+ long contracts....and the commercials nearly always end up on the winning side. Will look for the next COT report to see if this has changed! Either way...it’s getting interesting!

[goldmember44]

16 minutes ago, Kookaburracollector said:

There is one big worry for me here..the commercials are holding a massive short interest in gold at the moment, the complete opposite to the hedge funds, who hold 300,00+ long contracts....and the commercials nearly always end up on the winning side. Will look for the next COT report to see if this has changed! Either way...it’s getting interesting!

Methinks those who still want to short precious metals big time, especially gold, will have their day of reckoning... it is approaching. Imagine the ensuing short squeeze from that... that is what causes massive spikes.

Edited August 14, 2019 by goldmember44

[5huggy]

well it looks like its NOT all UP - 

"THEY" are at it again and thumping hard to create a small pullback -LBMA time at the moment

Lets see what the Crimex andJAY pee do this afternoon - while they flapping about "The Jackson HOLE"  🤣

[KDave]

All this sideways is making me nervous, hoping it breaks down but looking more likely it goes up more first. 

[Martysmith]

Just now, KDave said:

All this sideways is making me nervous, hoping it breaks down but looking more likely it goes up more first. 

We will see tomorrow after JP's comments at Jackson Hole. 

[Safestacker]

Is it better to buy gold from Europe rather than in the UK due to the pound to the euro changes?

EDIT - I mean obviously if the pound is weaker than the euro then essentially its more expensive 'BUT' its also expensive to buy from the UK, so where is better to buy from?

Edited August 24, 2019 by Safestacker

[Safestacker]

What do you guys think of this? do you think its accurate and shows the best times of the year to buy gold?

https://goldsilver.com/blog/the-best-time-to-buy-gold-and-silver-in-2018-is/

 

Also, who's buying gold now and if so, are you looking for the cheapest possible deals or just buying at cost knowing it will pay off?

Edited August 24, 2019 by Safestacker

[Cornishfarmer]

1 hour ago, Safestacker said:

Is it better to buy gold from Europe rather than in the UK due to the pound to the euro changes?

EDIT - I mean obviously if the pound is weaker than the euro then essentially its more expensive 'BUT' its also expensive to buy from the UK, so where is better to buy from?

Some coins cheaper to get in Europe,   I collect gold Somalia elephants and they are normally £60 odd cheaper to get for Europe so with transferwise fees and shipping I’m still normally £30 better off

[KevjustKev]

Hit the highest price today, or so I believe, £1276.16

[goldmember44]

Weak sterling due to possible no deal Brexit. I saw it touch £1,279.

 

[KevjustKev]

5 minutes ago, goldmember44 said:

Weak sterling due to possible no deal Brexit. I saw it touch £1,279.

 

 Won't be too long before dollar falls, just depend's what is tweeted next.😁  

[KDave]

How far will sterling fall do we think, I have read 30% from mid 2016 is expected. 

Next question is how high will sterling go once everything is fine, the world doesn't end and the roads and houses are all still there after we leave. How far will the Euro fall when France and Germany are asked to pick up the tab or start borrowing the fill the gap. 

[KevjustKev]

5 minutes ago, KDave said:

How far will sterling fall do we think, I have read 30% from mid 2016 is expected. 

Next question is how high will sterling go once everything is fine, the world doesn't end and the roads and houses are all still there after we leave. How far will the Euro fall when France and Germany are asked to pick up the tab or start borrowing the fill the gap. 

A good pound dollar would be around $1.65 and Pound to Euro about €1.20,but I'm an idiot so what do I know.  

[Oldun]

I think the pound is bottoming this year.....right about nowish give or take a month vs most currencies. USD is the big one though as commodities are bought against the dollar.

Edited September 3, 2019 by Oldun

[Paul]

[Notafront4adragon]

For me tomorrow gonna be key. I strongly suspect Johnson will call for an election. In theory it should then happen and my belief is this will mean a hard Brexit. 

However we could have the bizzare situation in which an opposition along with Tory rebels prevent an election which to me means more uncertainty. 

What are people's thoughts with all time high in sterling: buy, hold or sell?

[KDave]

Hold for me, I don't like the chart for buying now, but equally I don't like the story much for selling

[JunkBond]

9 minutes ago, Notafront4adragon said:

hard Brexit.

There is only Brexit or Remain. 😉

Hold