Anyone feel a pullback incoming?

[TheGoldSovereign]

23 hours ago, HighlandTiger said:

Nah, no pullback. Watch it rise tomorrow......They ain't finished yet, mark my words.

[RisinSun]

Seems the pullback is here. I am preparing to do one last big buy but want to get the timing absolutely correct. Spot for Gold is down £36.75 at the time of this post with it slowly decreasing past £1008. What are we thinking the bottom of this pullback will be for gold?

[mr-dead]

Got my sovereign buying finger ready to pull the trigger on a tube of sovs

 

gold stack V2 about to commence.

[TheGoldSovereign]

2 minutes ago, mr-dead said:

Got my sovereign buying finger ready to pull the trigger on a tube of sovs

 

gold stack V2 about to commence.

hehe do it!

What dealers offer a few % over spot for sovs that actually use live rates? no knife catching with HGM

[richo]

6 minutes ago, mr-dead said:

Got my sovereign buying finger ready to pull the trigger on a tube of sovs

 

gold stack V2 about to commence.

Hi, may I ask where you are buying from. I like coins in blisters rather than tubes though. Am sitting ready to dive in. Have a spare £1k and am chewing over what to buy. Sovereigns, britannias or a load of 1/10 gold elephants.

[vand]

Yes, pullback is inevitable. As is the rally after that. Nothing moves in a straight line.

Personally I think GBP has seen the bottom and therefore any real rise in gold will now be offset my strength in GBP, so we may not see £1100 for a few months or more.

[HawkHybrid]

10 minutes ago, RisinSun said:

Seems the pullback is here. I am preparing to do one last big buy but want to get the timing absolutely correct. Spot for Gold is down £36.75 at the time of this post with it slowly decreasing past £1008. What are we thinking the bottom of this pullback will be for gold?

 

there's still a possibility of a pullback to $1280-$1320.

poor nf payroll nos., gold rises.

better than expected nf payroll nos., gold rises. 

consider start buying once gold passes $1320?

 

HH

[RisinSun]

4 minutes ago, HawkHybrid said:

 

there's still a possibility of a pullback to $1280-$1320.

poor nf payroll nos., gold rises.

better than expected nf payroll nos., gold rises. 

consider start buying once gold passes $1320?

 

HH

Alright, im counting on your years of experience hawkeye, its quite the purchase im planning.

[forgottenmemorie]

WHen are you all pulling the trigger? £1002?

[mr-dead]

aiming for sub £1k

[HawkHybrid]

2 hours ago, RisinSun said:

Alright, im counting on your years of experience hawkeye, its quite the purchase im planning.

 

just so that you know, technical analysis have a 55% chance

of being correct.

 

HH

[Bumble]

Not impressed by that Arduino Tronic video. He claims high net worth individuals are pulling out of GLD, but there's no evidence of that. GLD still has substantial net inflows according to the data on ETF.com. Also he attributes far too much of gold's price movement to manipulation. I don't doubt that the bullion banks sometimes push the price of gold around so they can make some money on an options or futures trade, but big price movements like the fall from $1880 in 2011 to $1050 in 2015 are not caused by manipulation.

Gold must be understood as an asset class among many. It will tend to rise in price when others are performing poorly, or are predicted to fall. Currently stocks are booming on the possibility of renewed QE and bonds are rising on the expectation of falling interest rates, so gold will take a hit in the short term. This may extend through the US elections. The best response is just to keep cost averaging in and benefit from the cheaper prices.

[HighlandTiger]

13 hours ago, mr-dead said:

aiming for sub £1k

looks like you'll be waiting a while for that one. Going back up again. 

[PureGold]

Do you not think it would be better to take online orders if they wanted to sleep instead of phone order? Lol @HawkHybrid

[HawkHybrid]

3 hours ago, PureGold said:

Do you not think it would be better to take online orders if they wanted to sleep instead of phone order? Lol @HawkHybrid

 

with high uncertainty/volatility it would be better to take

no orders so as to avoid customer disappointment.

 

HH

[HawkHybrid]

8 hours ago, HighlandTiger said:

looks like you'll be waiting a while for that one. Going back up again. 

 

http://www.gold-eagle.com/article/gold-revaluation-only-solution

 

it is still possible for gold to go up more before moving back down targeting

$1280 sometime in august.

 

HH

[Silvergun]

Did anyone pull the trigger ? if so what price did you get ?

[forgottenmemorie]

25 minutes ago, Silvergun said:

Did anyone pull the trigger ? if so what price did you get ?

Was close to buying 1oz gold.. But I didnt..

[StinkyLebinowitz]

On 7/12/2016 at 02:43, HighlandTiger said:

There is a music video embedded in the comments section, that I just had to share.

There is something surreal about a Russian band with tractor drums and guitars, and the Russian Red Army choir in full uniform, belting out a ZZ Top number.....  It seems the Russians may hate the Yanks, but love their music. 

 

Love the Leningrad Cowboys and Red Army Choir !!!

Don't want to hijack the thread, so not posting links, but check out their rendition of Sweet Home Alabama !!!   :-)

[mr-dead]

On 13/07/2016 at 08:12, HighlandTiger said:

looks like you'll be waiting a while for that one. Going back up again. 

Now at £990, didnt take long

 

[HighlandTiger]

looks like you'll be waiting a while for that one. Going back up again. 

Now at £990, didnt take long [emoji6]

 

You can thank Mrs May, Boris and the BOE not changing interest rates for that one. Sterling is on the up.

No wonder they got rid of that lying weasel Osbourne

[mr-dead]

1 hour ago, Element47 said:

Where do you buy your gold and silver sovs?

Hatton Garden metals is probably the cheapest for sovs @ 2% over spot:

http://www.hattongardenmetals.com/buy/cid0/all-stock

 

You cant get silver sovs but you can get silver Britannias

 

[richo]

I feel now is a good time to buy. Am buying gold and some fractional platinum when can get reasonable.

[HawkHybrid]

6 hours ago, Element47 said:

Does anybody think the bottom is in of this dip?

 

under technical analysis: not yet bottomed.

problem is ta can't take into account new occurrences until

trading allows new positions to be formed. some peoples

solution is to try and not catch the actual bottom and buy

across a broader range of the dip.

 

HH

[richo]

It spiked with the Turkey unrest, but it looks under control so am guessing we might see a drop on Monday. Just a layman view!