• The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world. Join today for FREE! Browse the sponsors topics (hidden to guests) for deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking. 

mr-dead

Gold Price jump

Recommended Posts

It's days like this when you can have number fun with such a large stack.

If gold jumps $20+ an ounce and you hold 400ozs that's an $8000 shift!

You must have balls of steel mr-d :unsure:

 

 

Share this post


Link to post
Share on other sites
21 minutes ago, Roy said:

It's days like this when you can have number fun with such a large stack.

If gold jumps $20+ an ounce and you hold 400ozs that's an $8000 shift!

You must have balls of steel mr-d :unsure:

 

 

Many of us invested in stocks, funds etc in ISAs or pensions might have lost about 8% last week when the markets collapsed.
That's a ball breaker and can bring tears to the eyes.

Share this post


Link to post
Share on other sites

i got the Kinesis whitepaper this morning - their website goes live later today. The central planners came in with a smack down on price but hit a wall of physical buyers and price bounced up hard and then didn't stop. The clock has started ticking now.

Share this post


Link to post
Share on other sites
17 minutes ago, sixgun said:

The central planners came in with a smack down on price but hit a wall of physical buyers and price bounced up hard and then didn't stop.

 

I think it's more likely that papers traders believing a rise

in interest rates is bad for gold got caught out going in the

wrong direction. physical buyers take time to process and

is unlikely to cause sharp spikes/dips in the spot price.

 

HH

Share this post


Link to post
Share on other sites
9 minutes ago, HawkHybrid said:

 

I think it's more likely that papers traders believing a rise

in interest rates is bad for gold got caught out going in the

wrong direction. physical buyers take time to process and

is unlikely to cause sharp spikes/dips in the spot price.

 

HH

No it was very large spot buyers sat at 1320 that stop price and turned it around. The fall in price was the usual fall seen with intervention in the market to trigger stops and then a scramble to cover as physical buys were triggered at 1320. The physical market is much tighter than you will ever heard disclosed by the controlled media.

All the flannel about interest rates blah blah - this is to brainwash people into thinking any of this rubbish matters. Four interest rate rises are in the gold price already. To hell with interest rate rises. The game is about up for these paper tigers.

Edited by sixgun

Share this post


Link to post
Share on other sites

interest rates do matter to the gold price in dollars.

the gold price in dollars is a made up of 2 things.

1. the price of gold.

2. the price of dollars.

interest rates represents the opportunity cost of dollars

which affects it's price. currently the price gold($) is ~-1%.

price of gold (£) is about -0.5%. assuming the £ is currently

relatively stable means 50% of the current move is the gold

price going up and 50% is a reflection of a weakening dollar.

 

HH

Edited by HawkHybrid

Share this post


Link to post
Share on other sites
2 hours ago, HawkHybrid said:

interest rates do matter to the gold price in dollars.

the gold price in dollars is a made up of 2 things.

1. the price of gold.

2. the price of dollars.

interest rates represents the opportunity cost of dollars

which affects it's price. currently the price gold($) is ~-1%.

price of gold (£) is about -0.5%. assuming the £ is currently

relatively stable means 50% of the current move is the gold

price going up and 50% is a reflection of a weakening dollar.

 

HH

There has been a tidal wave of Exchange for Physical contracts being shunted over to London from the COMEX. i am reliably told this has leveraged up the actual physical in the London market to about 1000 to 1. This will blow up. We have all but reached a point where the white flag goes up and there is a reset in price. A few 1/4% shifts in interest rates that are already priced in are neither here nor there. When large physical buyers appear this is stressing the market and these deliveries must be covered. The physical buyers are indifferent to interest rates, they want physical and they can smell the blood in the water. The physical market is increasingly driving price and over the summer it will be the only thing driving price.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now