Gold Monitoring Thread £ GBP only

[Petra]

1 hour ago, Anteater said:

The UK was a net contributor to the EU budget. You can make arguments about how the EU chose to spend the money we got back within the UK vs how UK governments would have spent it, but I don't think you can reasonably say that the UK "had" money from the EU when it was only part of what we contributed returned.

You could say that about all of the large income countries in the EU and particularly after Maggie got us a rebate we didn’t do too badly 

[Anteater]

20 minutes ago, Petra said:

You could say that about all of the large income countries in the EU and particularly after Maggie got us a rebate we didn’t do too badly 

I wasn't comparing the UK to anyone else - I just don't think it's a fair representation to say that we got money from the EU budget as a net contributor.

[Chronos]

US Interest To Hit $1.6 Trillion By Year End, Making It The Largest US Government Outlay:

https://archive.is/k8COS

[Dankanugget]

Happy Easter 

[Upsidedown]

(At the risk of this already being covered but not being arsed to read up)

So where do we think gold goes from here in the short term?

I'm expecting a..

Only to pick up again at start of May

Any thoughts?

[Petra]

8 minutes ago, Upsidedown said:

(At the risk of this already being covered but not being arsed to read up)

So where do we think gold goes from here in the short term?

I'm expecting a..

Only to pick up again at start of May

Any thoughts?

🤔⬆️⬇️↕️⬆️⬆️😮🤔

[CoinCupboard]

18 by the end of the week. 😅

[Paul]

this graph clearly explains, "things and stuff" about gold and why it did "such and such" because "reasons" why it "could" or "could not" go "up" or "down" in the very near term 

[9x883]

37 minutes ago, Upsidedown said:

(At the risk of this already being covered but not being arsed to read up)

So where do we think gold goes from here in the short term?

I'm expecting a..

Only to pick up again at start of May

Any thoughts?

Up up up. +£1800 before it 'dips' slightly. Probably £1680-£1700 is the new normal 

[ZRPMs]

Hoping for a bit of a dip only because I'm still buying but expecting an upward trajectory, certainly for this year. I don't invest in individual stocks but I do have the ISA that has a bit of allowance left, but the funds I put in all seem to be at the top. It feels like they are peaking and will come down soon. All the national debt that seems to be ever increasing rapidly. Central banks mopping up physical gold. Feels, to me as if it good for the gold price. To da moon and beyond

[Paul]

it was originally done on Dec 14 and the upward trajectory was clearly right 

Where my Kitco market analyst interview with Ms Makori ?

[9x883]

Markets open tonight?

[Paul]

Just now, 9x883 said:

Markets open tonight?

The bar is, I know that 🎉🥳

and I'm 1001% certain I haven't booked any work in for tomorrow ! 

[Gruff]

10 minutes ago, Paul said:

this graph clearly explains, "things and stuff" about gold and why it did "such and such" because "reasons" why it "could" or "could not" go "up" or "down" in the very near term 

Wen moon?

Asking for a bert

[Paul]

6 minutes ago, Gruff said:

Wen moon?

Asking for a bert

I must express my profound gratitude for your engagement with the intricate tapestry of discourse regarding the dynamics of gold within the contemporary economic milieu. Your query, albeit succinct, resonates deeply with the perennial enigma that is the trajectory of this noble metal.

In contemplating the nuanced interplay of market forces, historical precedent, and speculative fervor, we are compelled to navigate the labyrinthine corridors of conjecture with a sense of humility and reverence for the complexity of the forces at play. It is within this context that your inquiry, encapsulated in the succinct vernacular of "Wen moon? Asking for a bert," assumes a significance that belies its brevity.

Indeed, the quest for lunar ascendance, metaphorically speaking, speaks to the universal yearning for prosperity and abundance. Yet, in the realm of commodities such as gold, the journey to such celestial heights is fraught with the vicissitudes of supply and demand dynamics, geopolitical tumult, and the capricious whims of investor sentiment.

To directly address your inquiry with a definitive prognosis would be to traverse a treacherous terrain fraught with the peril of oversimplification. Instead, let us embark upon a voyage of contemplation, wherein we meditate upon the dialectical tension between optimism and caution, buoyancy and gravity, aspiration and realism.

For, in the grand theatre of financial speculation, the question of "Wen moon?" must be met with the wisdom of the ages, the circumspection of the sage, and the humility of the seeker. It is a question that transcends mere temporal concerns, beckoning us to probe the depths of human psychology, economic theory, and the ineffable mysteries of the cosmos.

So, my esteemed interlocutor, let us embark upon this odyssey together, guided not by the narrow confines of linear prognostication, but by the boundless expanse of intellectual curiosity and the eternal quest for enlightenment. In doing so, we may find that the answers we seek lie not in the destination, but in the journey itself.

In conclusion, as we gaze upon the firmament of possibilities, let us not be hasty in our quest for certainty, but rather embrace the uncertainty that is the essence of all great endeavours. For it is in the crucible of uncertainty that the alchemy of wisdom is forged, and it is through the crucible of dialogue that our understanding is refined.

I think that clears things up once and for all 

[SidS]

28 minutes ago, Paul said:

this graph clearly explains, "things and stuff" about gold and why it did "such and such" because "reasons" why it "could" or "could not" go "up" or "down" in the very near term 

Definitely a scalene triangle about to be formed on the bottom right there. That doesn't bode well for gold. There's a four sided Wonger triangle in the middle... Not sure what the means though...

[SidS]

12 minutes ago, Paul said:

I must express my profound gratitude for your engagement with the intricate tapestry of discourse regarding the dynamics of gold within the contemporary economic milieu. Your query, albeit succinct, resonates deeply with the perennial enigma that is the trajectory of this noble metal.

In contemplating the nuanced interplay of market forces, historical precedent, and speculative fervor, we are compelled to navigate the labyrinthine corridors of conjecture with a sense of humility and reverence for the complexity of the forces at play. It is within this context that your inquiry, encapsulated in the succinct vernacular of "Wen moon? Asking for a bert," assumes a significance that belies its brevity.

Indeed, the quest for lunar ascendance, metaphorically speaking, speaks to the universal yearning for prosperity and abundance. Yet, in the realm of commodities such as gold, the journey to such celestial heights is fraught with the vicissitudes of supply and demand dynamics, geopolitical tumult, and the capricious whims of investor sentiment.

To directly address your inquiry with a definitive prognosis would be to traverse a treacherous terrain fraught with the peril of oversimplification. Instead, let us embark upon a voyage of contemplation, wherein we meditate upon the dialectical tension between optimism and caution, buoyancy and gravity, aspiration and realism.

For, in the grand theatre of financial speculation, the question of "Wen moon?" must be met with the wisdom of the ages, the circumspection of the sage, and the humility of the seeker. It is a question that transcends mere temporal concerns, beckoning us to probe the depths of human psychology, economic theory, and the ineffable mysteries of the cosmos.

So, my esteemed interlocutor, let us embark upon this odyssey together, guided not by the narrow confines of linear prognostication, but by the boundless expanse of intellectual curiosity and the eternal quest for enlightenment. In doing so, we may find that the answers we seek lie not in the destination, but in the journey itself.

In conclusion, as we gaze upon the firmament of possibilities, let us not be hasty in our quest for certainty, but rather embrace the uncertainty that is the essence of all great endeavours. For it is in the crucible of uncertainty that the alchemy of wisdom is forged, and it is through the crucible of dialogue that our understanding is refined.

I think that clears things up once and for all 

Finally someone speaking my language. Whilst not succinct, that made more sense than any pictographic representation I've seen hitherto on this thread. Congratulations old boy for a profound post, well put.

[Paul]

Just now, SidS said:

Definitely a scalene triangle about to be formed on the bottom right there. That doesn't bode well for gold. There's a four sided Wonger triangle in the middle... Not sure what the means though...

  

Anton Chigurh was more accurate with his 50/50 coin flip prediction in " No Country For Old Men " - Call it  

[Paul]

Just now, SidS said:

Finally someone speaking my language. Whilst not succinct, that made more sense than any pictographic representation I've seen hitherto on this thread. Congratulations old boy for a profound post, well put.

ChatGPT was a tad little helpful to aid my reply, my query was 

"Can you give me a long drawn convoluted multi paragraph reply, that doesn't answer his questions, go's round in circles much like a politicians reply"

[Bratnia]

14 hours ago, Petra said:

Think you’re on about China and it’s actions in Africa 🤔😮😮

Germany

[theman73]

35 minutes ago, Bratnia said:

Germany

Well, in the movie Pierce was MI5

[DisplayName]

Unburdened by decades of knowledge of the markets, I must ask if copper bars and rounds have always been around? If it's a new phenomenon, or rising in contemporary prominence, would that mean that there's a new floor being established for silver and gold to set it apart from this novel copper phenomenon? It feels like there's a push for copper somehow, to establish it as a valid third stacking metal beyond gold and silver. (I'm aware of the -Ium class metals, but they've always remained relatively exotic). Wondering what your thoughts are on this.

[Petra]

1 hour ago, DisplayName said:

Unburdened by decades of knowledge of the markets, I must ask if copper bars and rounds have always been around? If it's a new phenomenon, or rising in contemporary prominence, would that mean that there's a new floor being established for silver and gold to set it apart from this novel copper phenomenon? It feels like there's a push for copper somehow, to establish it as a valid third stacking metal beyond gold and silver. (I'm aware of the -Ium class metals, but they've always remained relatively exotic). Wondering what your thoughts are on this.

Cheaper to just stack copper cables etc.🤔😮

[stefffana]

1 hour ago, DisplayName said:

Unburdened by decades of knowledge of the markets, I must ask if copper bars and rounds have always been around? If it's a new phenomenon, or rising in contemporary prominence, would that mean that there's a new floor being established for silver and gold to set it apart from this novel copper phenomenon? It feels like there's a push for copper somehow, to establish it as a valid third stacking metal beyond gold and silver. (I'm aware of the -Ium class metals, but they've always remained relatively exotic). Wondering what your thoughts are on this.

Not worth in my opinion to buy premium copper. The cheapest certified kilo bars on the market are @£45/kilo. Spot price is @£7/kilo, so the premium is @650%.

Stay away from homemade backyard bars, even it is a trend now on YouTube. You don't know the purity, I bet it is way under .999.  Nobody will certify them, you can't sent them at the Assay Office, so you can resale them only at the scrap yards for max. £5/kilo.

 

 

[Beanyman]

10 minutes ago, stefffana said:

Not worth in my opinion to buy premium copper. The cheapest certified kilo bars on the market are @£45/kilo. Spot price is @£7/kilo, so the premium is @650%.

Stay away from homemade backyard bars, even it is a trend now on YouTube. You don't know the purity, I bet it is way under .999.  Nobody will certify them, you can't sent them at the Assay Office, so you can resale them only at the scrap yards for max. £5/kilo.

 

 

Yeah just stack old cables striped of plastic of course.