Gold Monitoring Thread £ GBP only

[Sovhead]

3 minutes ago, stefffana said:

Where is that special lane for BMW, mate? Here maybe?🤔

 

Ye don’t get that with quattro’s 

[Petra]

3 hours ago, Paul said:

 

 

• Assay Inspection - The process of evaluating and examining the quality and purity of precious metals.
• Alloy Integration - Mixing different metals to create an alloy with desired properties.
• Asset Investment - Referring to investing in precious metals as assets.
• Annual Inventory - A yearly check of the quantity and quality of precious metal stock.
• Analytical Instrumentation - Tools and techniques used to analyse precious metals.
• Asset Investment - Indicates investing in precious metals as a financial asset.
• Asset Identification - Identifying and cataloguing specific pieces of precious metal.
• Averaging Index - An index that averages the prices of different precious metals.
• Automated Inspection - Using automation to inspect the quality or authenticity of precious metals.
• Authorised Import - The process of officially permitting precious metals to be imported into a country.

 

🤔oooh! Why didn’t you say🤔😮👀

[Paul]

worth $40,000 USD when crushed 7 years ago 

the same crush glob today - worth just over $75,000 now

Keep the faith - carry on stacking 

 

[Chronos]

China Holds the Future of US Debt in Her Hands:

https://www.lewrockwell.com/2024/04/alasdair-macleod/china-holds-the-future-of-us-debt-in-her-hands/

[Chronos]

How Janet Yellen Will Unleash Another Market Meltup Next Monday:

https://www.zerohedge.com/markets/how-janet-yellen-will-unleash-another-market-meltup-next-monday

[katyc]

7 minutes ago, Chronos said:

How Janet Yellen Will Unleash Another Market Meltup Next Monday:

https://www.zerohedge.com/markets/how-janet-yellen-will-unleash-another-market-meltup-next-monday

Damn....

[HonestMoneyGoldSilver]

The CME is edging closer to no rate cuts in 2024. Most people were convinced the Fed would cut at least twice before the US elections and the BoE would follow suit. The odds of the soonest rate cuts currently favour September (59%, basically a coin flip). It's November that has a better than coin flip chance (68% of easing) or December (81%)

CME FedWatch Tool - CME Group

Don't be surprised if there are no cuts in 2024 and it's the summer of 2025 when we see the first cut. Inflation is still crazy IMHO especially on food, gas is still extortionate in the UK while petrol isn't exactly cheap either

All that = bullish for gold. The narrative is that high rates are bad for gold and the price will explode when the cuts happen (or shortly before the cuts). Gold commanding this price in spite of market rate cut expectations is therefore bullish. Is the commodity super cycle real? Is that why gold and silver are defying monetary gravity? 

[HonestMoneyGoldSilver]

1 hour ago, Dankanugget said:

Time for takeaway

If you're getting a delivery then buying gold would be cheaper

[Dankanugget]

8 minutes ago, HonestMoneyGoldSilver said:

If you're getting a delivery then buying gold would be cheaper

Lol...nice Chinese 

[katyc]

14 minutes ago, HonestMoneyGoldSilver said:

If you're getting a delivery then buying gold would be cheaper

So true. Takeaway delivery up North went from £1/2 to £3/4/5 + 10% service charge + bag charge + breathing tax + blinking duty. Then they ask if you want to tip the driver on top. Nah. Thanks.

I now telephone local firms and pay on delivery + give a tip (always cash - we need to keep it alive).

£1873

Bets on close? I'm going for £1887.

[Petra]

£187.45

no to takeaway …. cook yourself 👀🤔

[Gruff]

3 minutes ago, Petra said:

£187.45

no to takeaway …. cook yourself 👀🤔

Has it lost £1700  

[bobski]

£1,872.26

[Chronos]

2 hours ago, katyc said:

Damn....

I am sorry. I have posted the wrong link:

https://archive.is/mNtaI

[Chronos]

Yuan Devaluation Fever Heats Up As China Stockpiles Metals:

https://www.zerohedge.com/markets/yuan-devaluation-fever-heats-china-stockpiles-metals

[Gruff]

£1872... is that it? Are we closed

[9x883]

🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳

Excellent close

[Gruff]

1 minute ago, 9x883 said:

🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳

Excellent close

I assume @James32, you've just backed the truck up at close?

[bobski]

£1,875.08

CLOSED

[bobski]

Current Price

£1,875.08

Month Change

8.71% £+150.25

Month high £1,954.62

 

Month low £1,723.54

Current Price

£1,875.08

3 Month Change

17.88% £+284.36

3 Month high £1,954.62

 

3 Month low £1,579.39

[9x883]

1 minute ago, bobski said:

£1,875.08

CLOSED

Held strong this week, the 🐃 🏃‍♂️ continues 

[bobski]

4 minutes ago, 9x883 said:

Held strong this week, the 🐃 🏃‍♂️ continues 

No complaints here mate

[9x883]

Just now, bobski said:

No complaints here mate

100%

Where is everyone? Ghost town on here?

[James32]

8 minutes ago, bobski said:

Current Price

£1,875.08

Month Change

8.71% £+150.25

Month high £1,954.62

 

Month low £1,723.54

Current Price

£1,875.08

3 Month Change

17.88% £+284.36

3 Month high £1,954.62

 

3 Month low £1,579.39

Happy with that

[9x883]

2 minutes ago, James32 said:

Happy with that

It's brilliant 💖👌