Gold Monitoring Thread £ GBP only

[Foster88]

The next question is, will it go back up when Brexit happens and we eventually leave EU?

That will be another interesting night for the gold price.

[AuricGoldfinger]

7 hours ago, Foster88 said:

Even if it goes up?

Yep!

[Auricsstash]

Within a few hours Trump has his trade deal Boris has a massive majority and Brexit is now “sorted” and golds down 2% this is a cracking hold up for the yellow metal!! For these two to come true I was expecting double digit % losses. It’s now game on for America entering a recession... 

[HawkHybrid]

fti my understanding of elliott wave stacks the odds

against a tradable buy physical position in gold for

this winter. the duration of likely moves up in price

in the coming year doesn't give enough room for error

against the risk.

likely cases for both bull and bear gives meagre gains

for holding physical during 2020. a buy maybe in late

2020 looks more likely a better risk to reward ratio.

 

HH

[AurumArgenti]

The spot price is currently at £1120. 

[Guest]

Hi all, the next upcycle in gold and silver has begun, i'm expecting upside 20% in gold price and c.30-35% from the recent lows over the next 5 months, just from a charting perspective if you believe in that sort of thing 

[Guest]

I make those targets 1300.84 for gold and 16.89 for silver over the next cycle 20 odd weeks or so, i'm thinking that silver will spike on the very last day of the upwards cycle, i'm looking for 17.50 or near as for a top out, we'll see. 1300.84 & 16.89 look like a good bet to me, the last upcycle from may to September 2019 moved up by these %s, no reason to think it won't happen again, history repeats, human nature never changes 

[Notafront4adragon]

So the price in dollars hasn't moved much at all.

Isn't this recent small rise just down to the pound losing value since Johnson proposed preventing an extension to Brexit date in law?

[Guest]

1 hour ago, Notafront4adragon said:

So the price in dollars hasn't moved much at all.

Isn't this recent small rise just down to the pound losing value since Johnson proposed preventing an extension to Brexit date in law?

yes that is correct but the expected % moves will happen in the dollar over the next 5 months from the recent respective lows in the dollar 20% for gold & 35% for silver, in bull markets these cycle lows move those percentages, gold and silver moved 20% and 35% in the last cycle low in may, i'm betting that will happen again, just my opinion on reading charts, most people believe charts are rubbish, I don't

[Paul]

1 hour ago, Notafront4adragon said:

So the price in dollars hasn't moved much at all.

Isn't this recent small rise just down to the pound losing value since Johnson proposed preventing an extension to Brexit date in law?

the Trump impeachment headlines around the world might be a reason for our recent little uptick 

[Guest]

could be, to be honest I just use charts and cycles, I tend to ignore news on the whole, gold moves up for c20 weeks at a time consolidates for a few weeks then lifts off again in a bull market, in my opinion we are in a bull market so 20% is what normally happens so that is what I am expecting, technical analysis is more an art than a science but cycle wise, indices are expensive and long in the tooth and gold and silver are cheap and worth a punt. when the cycle comes to an end the stock market will move on again despite the impeachment, funny enough the last 2 impeached presidents were a positive for the US indices, probably will be again, it's a weird world that's for sure, have a good one, enjoy the move up 

[Notafront4adragon]

3 minutes ago, Paul said:

the Trump impeachment headlines around the world might be a reason for our recent little uptick 

Reasonable assumption but surely the market knows that he won't be convicted or removed.

[DarkChameleon]

2 hours ago, Notafront4adragon said:

So the price in dollars hasn't moved much at all.

Isn't this recent small rise just down to the pound losing value since Johnson proposed preventing an extension to Brexit date in law?

I love stagnation, it gives me a chance to swap out and buy a more profitable item, sell then buy back with profit...it's easier then trying to pick peaks and troughs to worry yourself into the grave...sold 40 eagles at $17 each, bought a ring, sold ring for $3000, now I can buy 170 eagles back...that's the second time I did this, first time it was 24 eagles and got, $2000 for the bracelet, bought 115 eagles...I love stagnation.

[AurumArgenti]

Gold is getting back up there again £1177.69

[AuricGoldfinger]

Noooooo! But also... Yesssssss!

[mr-dead]

It seems the way to boost gold price is to take out key Iranian military personnel

[Zhorro]

7 minutes ago, mr-dead said:

It seems the way to boost gold price is to take out key Iranian military personnel

Why stop there!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Varus]

1 hour ago, Zhorro said:

Why stop there!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Next target: Brussels!

[DarkChameleon]

Wow...let trump get his way and our gold and silver go up and our pensions drop...unless we have 3/4 of our money in pms then it's tits up for benefits of this stupidity....don't they think Iran can do the same thing over here, the ira managed to do it with little to no money compared to,an oil rich nation like iran.

[5huggy]

[goluckystayhappy]

Through £1200/oz again.

 

[AuricGoldfinger]

Gold to be £100000 an oz soon! Only problem is it will be radioactive for a few hundred thousand years

[Pipers]

3 minutes ago, AuricGoldfinger said:

Gold to be £100000 an oz soon! Only problem is it will be radioactive for a few hundred thousand years

Trump Gold bars and coins 

[Nick1368]

Are we seeing £1300 soon ? 
who would buy gold today ? 

[AuricGoldfinger]

I probably will. There will be a day when £1200 is a low that we will never see again