PhilB

Bert, the old, venerable and honourable member from Herefordshire is the emotional support animal for the Gold Monitoring Thread, who has been able to predict the price of gold correctly on one occasion (citation and source required).
The rest of the time, well... maybe he should be with the rest of us reprobates.

Hereford.mp4  

A cheeky half for the weekend.

It's the trading in the paper  markets that affect the spot price not physical trading. It's the tail of the spot paper comex market wagging the physical market dog. We physical buyers use the futures price with an applicable premium to set price. The paper futures traders do not refer to physical buyers regarding market price. Recent action upwards is cause by short covering, as the short traders who find their positions underwater who no longer believe they will get the chance to buy back the short sold contract, who are covering their short positions and therefore effectively buying 'paper gold ' causing a short squeeze with other shirt positions. This will lead to traders going long a some point, pushing the spot price further higher. 😊😊

The smack down is the big-money not-for-profit traders of the comex, once UK and Europe closes. Wanting to manipulate the weekly close so as to prevent excessive chart damage. 
 

It's the trading in the paper  markets that affect the spot price not physical trading. It's the tail of the spot paper comex market wagging the physical market dog. We physical buyers use the futures price with an applicable premium to set price. The paper futures traders do not refer to physical buyers regarding market price. Recent action upwards is cause by short covering, as the short traders who find their positions underwater who no longer believe they will get the chance to buy back the short sold contract, who are covering their short positions and therefore effectively buying 'paper gold ' causing a short squeeze with other shirt positions. This will lead to traders going long a some point, pushing the spot price further higher. 😊😊

Below 2400 usd. The traders don't know the gbp exists! They are the ones pushing the market around. Tail wagging the dog.! 

Below 2400 usd. The traders don't know the gbp exists! They are the ones pushing the market around. Tail wagging the dog.! 

But mainstream media is there to educate and inform us, isnt it ?
It not about selling advertisements, pushing political agendas, reshaping society, set agendas, push world globalist polices, biased and selective reporting,  prioritising SJW and woke news, peddling doom and gloom porn 24-7, sensationalism, pushing conflict driven narratives or looking after cooperate interests surely is it ?

Not me. Every 5mins someone keeps bringing me breakfast 

There are rumours of a possible bank failure today,
Best hope it is something like that, if it is the start of the collapse of the dollar were all up the creek and Gold wont save us
The UK will be as hurt by an dollar collapse as the US will
 

1st Sept 2022. Chards; Double Platinum Jubilee sovereign: £722.86. Today; "special offer" on the website £926.69
I love gold.
That's all for now.
Until next time.
Tara.

You could always do others the courtesy of responding to pms and requests to buy the item that you have up on your sales thread. Now that I see it has turned up on 'Today I received' you may wish to mark this sales thread as completed and the item as sold. Just a little bit of common courtesy does not cost anything. P. S. I like many others prefer to do business with members who will respond. Thanks you. 

Old news
 

Another steadyish day for gold thus far
Is it just me who's just waiting for the monster of all smack downs to happen as has happened numerous times in past decade plus we've lived and stacked through?
Imagine if smack downs are a thing of the past and it's only progressively up in a monster bull 🐂 run instead
Who, knows
Enjoy the journey. The slow scenery is especially nice to view rather than trying to try and count the track sleepers every second below you 
 

Bonkers the lot of us; but we are fortunate to have such a fascinating hobby.  Important, for me, is the collecting side, as that’s the history and heritage.  
 
The numbers are, however, a lovely little bonus and time in this hobby has done me well when you look at the charts.    

Of course. It will soon start picking up the pace 😀

No, but very welcome and enjoyable.! Like other things in life 😊

If it makes you feel better. I sold a 5oz bar three weeks ago at 98.5% spot 🤣fml

Whilst I agree with your secondary market v primary silver price analysis, your comments re mining and refining costs affecting spot price are the opposite of reality in my view.
The paper silver or gold market is the tail wagging the bullion price dog.  Prices of both silver & gold are not currently rising because there are more coin and bar buyers than sellers. We are all exchanging bullion at higher prices now due to the change in spot price, which is pushed around by that paper pm traders/hedgers /speculators. 
The recent rapid price rise, in my opinion is primarily caused by the paper shorters reducing the number of short contracts by buying back the paper bullion. Hence buying. This will be followed by the long speculators and hedgers increasing their long positions, effectively buying more of the the precious metals. Then finally it will be Followed by metals investors buying the physical, which will potentially push up premiums rather than affecting the paper derived spot price. 
Commitment of traders report analysis and commentary by Adam Hamilton at zeal llc and others brought me to this view of price action. 

*You're
No potato here, Just English please
I'm going to heat up some of my lucky French onion soup. Should give spot price a boost

Ah, you're right. Well it's only Monday and I'm already being dense.

The quip Clive Thompson is making in his own ironic style is that Gold is not making all time highs in every currency. The Rouble to gold exchange rate is not at its ATH due to its earlier very weak period od exchange following the strict sanctions applied following the Ukrainian invasion./ special operation. It's a statement reflecting more on the strength/volatility of the rouble than on the gold price. 

Haha nearly missed the punchline! 

A not very Bullish price in todays market? 🤭