GoodAsGold

Only a year ago 👀👀👀

Probably my fault - someone asked about this company (by its new name) somewhere so I linked to this thread...

It’s hard to keep up with the banter at this late hour so I’ll understand your post a lot clearer in the daytime thanks. It’s not boring but very educational imo. Keep up all of your good work @HonestMoneyGoldSilver

Paul is typing...

I've been chiming about that $2300 mark for a while. If you guys are encouraging me to be boring, the next race is between $2354/$2341 and $2247/$2111, these being the points that could trigger significant further momentum in either direction. A failure to break $2354/$2341 within the next 10 days/1 month could be a sign of the bull run running out of steam and likewise if price doesn't break below the pivot and resistance points gold might become "range bound" until the next move in either direction. If gold breaks $2247 it would be neutral/slightly bearish and if it breaks $2111 then it would be a bear market (unlikely at this time IMHO)
XAUUSD - Gold Forex Trader's Cheat Sheet - Barchart.com
Breaking above key resistance levels like the 52-week high (setting continually new ATHs) or the pivot point 3rd level resistance could signal further upward momentum. If bearish sentiment dominates then breaking below significant support levels such as the 1-month low or the pivot point 3rd support point could indicate further downside potential
(look at the trader's cheat sheet to decipher what the above means)
Not financial advice but momentum tends to breed momentum and my read is we're more likely to continue the bull run than become range bound or enter a bear market at least between now and May. The summer might be a different picture with the CME trending towards being fractionally more hawkish on rate cuts than last week. I was saying in another thread that the central bank rate cuts, or lack thereof, might come as a surprise to some people, including me
I think the macro picture, while super strong for gold and silver over longer timeframes in western markets, is how some analysts have painted it - the west has lost control over precious metals, whose price is now being driven by the Asia-Pacific, particularly India and of course China. That's bullish for metals
TL:DR - number goes up more likely than number goes down, reassess in May/June
I'm a long term holder with zero gold sales so I'm ambivalent about the whole thing. If it goes down, great, cheaper purchases. If it goes up, great, I'm in psychological profit. I'd probably rather it go down or become range bound and I've been saying since before Xmas that I predicted this exact scenario - a rush to $2300. The next rush after this is $2800 which is a big jump. My fear was gold would rise in price faster than I could afford to stack it, and that's exactly what happened thus far. It's really bad for the ordinary person if gold does rocket to $2800 but great for those holding gold, obviously. 

I should have added if/when the central banks cut the uncertainty and opportunity costs associated with gold will fade away and the big players will flood into the market. When that happens there's potential for some serious upward moves. Likewise if the central banks change their tune and say no rate cuts before 2025 (US and UK elections) and things quiet down with Israel, Iran, Ukraine, Russia, Taiwan, China, then gold might fizzle out. Betting on a brighter tomorrow used to be a thing but I ain't feeling so rosy. Doom and gloom for the world, boom and boom for the metal stackers. 

It’s hard to keep up with the banter at this late hour so I’ll understand your post a lot clearer in the daytime thanks. It’s not boring but very educational imo. Keep up all of your good work @HonestMoneyGoldSilver

Gold be doing London landmarks now!

 

@alltimelow £14.48....wish I was paying attention back then

Nope ,, he couldn’t plant a tree , never mind a bomb , probably blow himself up ,👍

Are you ever not talking in code?

I would happily fill the bar for every attendee at any forum meet up as way of thanks for what I've learnt here, deals I've done and contacts I've made🍺🍻
It's been great here over the past decade learning a little something every day  and enjoy a laugh to, on the journey we are all still enjoying 
 

Stop body shaming me !
Or I'll report you
I'm not round, I'm big boned/festively plump at Christmas 🎄

Don't wait to buy gold, buy gold then wait.

What happened?  One minute I was on the gold monitoring thread, nipped out for a second and ended up here on this ancient thread. Anyone seen my marbles?

.Tudor Beasts Flop
.Monarchs discontinued 
.Bond Coins Flop 
.GE Thin Ice
.Pop Stars?!
.Star Wars?
Don't get me started on the dinosaurs. These collections are beginning to look like mail order pull outs!
 
 

As much as I like the Waterloo Medal it's just odd why they are making these are a two coin set.  
2oz gold coin 40mm in diameter 
most of the silvers between 40-65mm.  
What a total crock of .......t   we are not going to be able to see the "master piece" of Pistrucci's work as intended at 40mm for the 5.5k+ gold and £275+ for the silver its utterly pointless and the design will be lost.   
.....Royal Mint you make me want to cry.  
 
 
 
 
 

@Xander @Geovest @PapaLazarou @Gordy @GoodAsGold @Arne @Skyfiller @Dalriada83
@KRO @CoinCupboard

Just got this beauty today, although not the rarest double,these are not that easy to find & it's my favourite design, happy days

Absolutely zero surprise. This is why I havent bought anything from the RM in years. This design brought me out for a nibble but it will be a cold day in hell before I ever trust the RM again going forward, looking at this avalanche of appalling coins with unbelievable shoddy levels of both production and quality control. It takes a special kind of incompetence to fail at multiple check points in the process.
 
 

I think it’s important to pronounce foreign names correctly so I’ll try to remember that he’s a CHEE and not a KEY.
Piedfort (P-A-4) and pie fort spring to mind. Sorry to see the state of the coin you received by the way.

By the way, I’ve heard many people mispronounce the name Pistrucci.
It’s pronounced with a -CHEE ending, not -KEY.

Thank you, pm on its way.
 

I’d like to buy one of your 1959 sovs please James, providing bank transfer is acceptable. Please PM me at your leisure in the daytime. Thanks.