Gold Monitoring Thread £ GBP only

[silversky]

Not far off an all time high close in the states.  Perhaps the Americans will push it up above that into the close.  Bit to go in GBP still.

[BLOOMMAN101]

36 minutes ago, silversky said:

Not far off an all time high close in the states.  Perhaps the Americans will push it up above that into the close.  Bit to go in GBP still.

[JohnA1]

All-time high in graphs where the dollar of 1980 is set to be equal to the dollar of 2023...

</parade urinator>

Edited December 22, 2023 by JohnA1

[gji25]

10 hours ago, 9x883 said:

Do markets pause from tonight 10pm until 27th Dec?🤷‍♂️

No . not this market 🤣

[gji25]

Has santa intervened 🍺 Not to shabby imo

 

Edited December 23, 2023 by gji25
info

[Stacktastic]

Maybe I am being very emotional, but can anyone else see the derivatives & leverage markets at play here. 
The miners have hardly shot up have they & the magnificent 7 are ready to dump. Event the russell shot up. 


I am selling a Palladium position when the markets reopen I think. Im 15% up so not too bad. 
We are know we are in a recession already I think & the markets have not worked that out yet. 

Makes me wonder if we will see a decent sell of based on the above. 
I might be wonger, but gold has a tendency to suprise..  

However I am wondering if something is broken with the fed (shorter term) & smarter people than me know that!! 

Edited December 23, 2023 by Stacktastic

[iggypop]

Merry Christmas everyone 🎄

a festive treat at this time of year, my children love em. Not as much as the odd sovereign they have received as special treats. If only Fort Knox was actually audited 🤣

[gji25]

8 hours ago, iggypop said:

Merry Christmas everyone 🎄

a festive treat at this time of year, my children love em. Not as much as the odd sovereign they have received as special treats. If only Fort Knox was actually audited 🤣

 

[gji25]

Still not too shabby imo 🍺

 

[gji25]

 

[Midasfrog]

On 23/12/2023 at 21:53, Stacktastic said:

Maybe I am being very emotional, but can anyone else see the derivatives & leverage markets at play here. 
The miners have hardly shot up have they & the magnificent 7 are ready to dump. Event the russell shot up. 


I am selling a Palladium position when the markets reopen I think. Im 15% up so not too bad. 
We are know we are in a recession already I think & the markets have not worked that out yet. 

Makes me wonder if we will see a decent sell of based on the above. 
I might be wonger, but gold has a tendency to suprise..  

However I am wondering if something is broken with the fed (shorter term) & smarter people than me know that!! 

Yes we must not forget that gold can drop back and take a year or more to recover followed by flat years.

12/9/2011 a big rise in gold £1164 

3/8/2015 back to £699

So maybe we will see a fall back to £1200 after these War years calm down 

Edited December 26, 2023 by Midasfrog

[Paul]

13 minutes ago, Midasfrog said:

Yes we must not forget that gold can drop back and take a year or more to recover followed by flat years.

12/9/2011 a big rise in gold £1164 

3/8/2015 back to £699

So maybe we will see a fall back to £1200 after these War years calm down 

   

[Midasfrog]

7 hours ago, Paul said:

   

 

[JohnA1]

7 hours ago, Midasfrog said:

Yes we must not forget that gold can drop back and take a year or more to recover followed by flat years.

12/9/2011 a big rise in gold £1164 

3/8/2015 back to £699

So maybe we will see a fall back to £1200 after these War years calm down 

In that case, back up the truck!

[Midasfrog]

4 minutes ago, JohnA1 said:

In that case, back up the truck!

 

[KRO]

Bit of an obscure fact
 

When during this last century for the five-day run up to Christmas when gold price has netted a gain in excess of +1.0%, Gold’s “Average Maximum Gain” at some point through the end of the ensuing year is +23.9%, which from the present 2065 level suggests 2557 during 2024 in dollar terms,
so if all things remain the same in  exchange terms 
we could see £2013 during 2024

Edited December 26, 2023 by KRO
spelling

[LemmyMcGregor]

10 hours ago, Midasfrog said:

Yes we must not forget that gold can drop back and take a year or more to recover followed by flat years.

12/9/2011 a big rise in gold £1164 

3/8/2015 back to £699

So maybe we will see a fall back to £1200 after these War years calm down 

26/12/2023 £1624

I know what my plan is.

[Gruff]

Looks like someone sat on the moon launch button  

[9x883]

Unfortunatly fresh war looms

[JohnA1]

12 hours ago, 9x883 said:

Unfortunatly fresh war looms

Looks like some civilians have survived through the rubble, he has to finish the job.

Fools - any sympathy for Israel has evaporated some time ago, when the bombed residential buildings were shown. Now they keep digging themselves deeper into a hole.

It's pretty obvious to the whole world what they're doing flattening the land - I feel sorry for the conscripts and those living abroad, they'll have to face the hatred and contempt for a long time to come.

A whole nation victimised to further the agenda of some hidden elite.

 

As for the impotent US carrier groups, well what does that tell for the future of the dollar eh..

Edited December 27, 2023 by JohnA1

[silversky]

Back on topic from the anti Israel politics... gold now exceeded the close preceding the massive spike in dollar terms.  GBP not far behind with only £6 to go.  A close above the Friday close at the end of November would be very bullish.  A rejection here might spell the end of this little rally though.

[9x883]

Nice💖👌

[lst65]

3 minutes ago, silversky said:

Back on topic from the anti Israel politics... gold now exceeded the close preceding the massive spike in dollar terms.  GBP not far behind with only £6 to go.  A close above the Friday close at the end of November would be very bullish.  A rejection here might spell the end of this little rally though.

Amen to that..

[Chronos]

1 hour ago, 9x883 said:

Nice💖👌

https://www.zerohedge.com/markets/wtf-just-happened

[9x883]

2 minutes ago, Chronos said:

https://www.zerohedge.com/markets/wtf-just-happened

😯😯😯😯😯😯😯😯😯😯😯😯