Gold Monitoring Thread £ GBP only

[BLOOMMAN101]

[Oldun]

Bull flag in usd. May yet bounce around inside the flag and then also keep an eye on the usd/gbp exchange rate.PTB will be desperate to break the flag to the downside though, of course.

Edited March 28 by Oldun

[Upsidedown]

54 minutes ago, ZRPMs said:

Silver is up 8p as well you know.

 

[James32]

£1753 I'm think I'm gonna pee

[Anteater]

Just now, James32 said:

£1753 I'm think I'm gonna pee

Down to £1751 again. Wonga was right.

[ant1882]

£1754

[Smiler999]

1754 I'm in profittttttt lol

[Upsidedown]

3 minutes ago, James32 said:

£1753 I'm think I'm gonna pee

Just now, ant1882 said:

£1754

Better get to peeing boy

[Oldun]

We were peeing ourselves at Brown’s bottom…..(google safe search for the youngsters) lol

[Oldun]

Here you go….https://www.bullionbypost.co.uk/gold-news/2019/may/07/worst-deal-uk-history-20-years-brown-sold-britains-gold/

word on the street was that he telegraphed it to the market to save a bank who was badly badly caught on the wrong side.

Edited March 28 by Oldun

[CaptCaveMan]

Oh my... 😲

[MrStacker]

At this rate sovereigns will reach half a grand a piece before summer maybe? 
 

yikes.

[Dankanugget]

Just now, CaptCaveMan said:

Oh my... 😲

Cheap now

[Oldun]

…..which will be getting way too much for a joe so attention woukd start to return to silver as a monetary metal which it is not 99% of the time. It’s not called the devil’s metal for nothing…99% of the time it goes nowhere and breaks amateurs. 1% it goes nutso….and sell.

Edited March 28 by Oldun

[Upsidedown]

1 minute ago, MrStacker said:

At this rate sovereigns will reach half a grand a piece before summer maybe? 
 

yikes.

For that, gold needs to be at £2,124.59

[James32]

1 minute ago, Upsidedown said:

For that, gold needs to be at £2,124.59

Yeah bit dramatic 😆 

[MrStacker]

1 minute ago, Upsidedown said:

For that, gold needs to be at £2,124.59

You never know! 🤣

[Upsidedown]

Just now, James32 said:

Yeah bit dramatic 😆 

Very much so.. but I hope he's right 😆

[Oldun]

You wont believe how many people are still underwater from over a decade ago who bought at $50….they will be selling….if they havent already…at a loss.

Edited March 28 by Oldun

[Upsidedown]

Just now, Oldun said:

You wint believe how many people are still underwater from over a decade ago who bought at $50….they will be selling.

They've had over a decade to cut their losses and reinvest in a better performing asset.

[Oldun]

6 minutes ago, MrStacker said:

At this rate sovereigns will reach half a grand a piece before summer maybe? 
 

yikes.

US and UK elections this year…that could temporarily twist the market pros for profit only….

[Oldun]

4 minutes ago, Upsidedown said:

They've had over a decade to cut their losses and reinvest in a better performing asset.

Agreed but the physical holders will be tempted and they only constitute a tiny part of the market so the LCDs will be busy with sellers not buyers. The pro paper buyers dont give a terrible what the

price is of course. In and out quickly. My mate runs a jewelry business and he says it is all physical sellers right now.

Edited March 28 by Oldun

[Upsidedown]

It's still going.

[James32]

@ArgentSmith put your money where your mouth is...let's do a video lol

[Paul]

26 minutes ago, Upsidedown said:

 

Go silver !