Gold Monitoring Thread £ GBP only

[silversky]

Seems incredible that gold has put on 18% in just under 6 weeks.  And it's done it by breaking the strong inverse correlation with the dollar.  The contrarian in me says to sell a bit and take something off the table, but I really don't know if this might just keep going?  Short term maybe a bit of a pause or a drop has to come eventually, but this year if they do finally cut rates then there's even more fuel for PM's to react positively.

In the meantime its trying for 1900 again. £1894 and rising...

[dicker]

1 minute ago, Bratnia said:

'Comment' being a posh word for 'talk'. Could perhaps have used pronouns of he/haw (as in being able to talk the hind legs off a donkey) 

Neigh

[bobski]

21 minutes ago, katyc said:

Oh, it wasn't 10 mins. I left the laptop tab open and went off to make sandwiches for the men of the village

Makes sense

2 minutes ago, dicker said:

Neigh

My pronouns are: THEE/THOU

 

[Bratnia]

1 minute ago, silversky said:

Seems incredible that gold has put on 18% in just under 6 weeks.  And it's done it by breaking the strong inverse correlation with the dollar.  The contrarian in me says to sell a bit and take something off the table, but I really don't know if this might just keep going?  Short term maybe a bit of a pause or a drop has to come eventually, but this year if they do finally cut rates then there's even more fuel for PM's to react positively.

In the meantime its trying for 1900 again. £1894 and rising...

Sell half of gains, keep half of gains. Wont be fully wrong (nor right).

[bobski]

£1,896.73

£1,898.59

[bobski]

We're so close to £1900

£1,900.25

BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM!!!!

[silversky]

Kaboom

[silversky]

They're stop hunting...

Anyone got an IG account?  Love to know the percentage short now..

[Tipsmart]

Wake me up when it's £2k, cheers. 

[Bratnia]

3 minutes ago, bobski said:

Makes sense

My pronouns are: THEE/THOU

I identify as often disappointed, pronouns ho/hum

[Tn21]

 

[silversky]

[dicker]

There have been periods where gold has been inert, limp, lifeless   

- 2014

- 2017 to 2018

Why, against a picture of QE I can’t tell you.

Why the fireworks now?  I don’t know.  No one really knows, but enjoy.  

1900

[Foster88]

1 minute ago, dicker said:

There have been periods where gold has been inert, limp, lifeless   

- 2014

- 2017 to 2018

Why, against a picture of QE I can’t tell you.

Why the fireworks now?  I don’t know.  No one really knows, but enjoy.  

I remember around 20 ish years ago when the price of platinum was higher than gold and everyone wanted platinum jewellery.

That’s maybe why in the music industry they say ‘it’s gone platinum’.

[dicker]

For those at in the U.K. / U.K. timezone who watched gold breach 1900, you are either:

- Shift workers 

- Insomniacs

Whatever you are - all the best to you and enjoy while others sleep.  

[silversky]

1 minute ago, dicker said:

There have been periods where gold has been inert, limp, lifeless   

- 2014

- 2017 to 2018

Why, against a picture of QE I can’t tell you.

Why the fireworks now?  I don’t know.  No one really knows, but enjoy.  

I think it's partly because no one expected it.  That phrase about the "market existing to disappoint the most number of people" really seems to hold some weight sometimes.  The QE times made no sense at all.  It was strange to see vast amounts of nothing created and theoretically used to purchase real money and it not effect the price positively.  And then now, rates not coming down and gold powers on up against the expectations of those who piled in short.  As you say, no one really knows why, best just to enjoy the show.

[bobski]

Just now, dicker said:

For those at in the U.K. / U.K. timezone who watched gold breach 1900, you are either:

- Shift workers 

- Insomniacs

Whatever you are - all the best to you and enjoy while others sleep.  

Number 2 

[Tn21]

With current price of au in the £1900 surly everyone on the forum is in the green when it comes to gold bullion 

 

 

[silversky]

5 minutes ago, Tn21 said:

With current price of au in the £1900 surly everyone on the forum is in the green when it comes to gold bullion 

 

 

That is a good point.  Must be.

[Bratnia]

7 minutes ago, dicker said:

For those at in the U.K. / U.K. timezone who watched gold breach 1900, you are either:

- Shift workers 

- Insomniacs

Whatever you are - all the best to you and enjoy while others sleep.  

Or idle/rich and don't have to be up at 5am to race other rats.

[mik]

25 minutes ago, bobski said:

We're so close to £1900

£1,900.25

BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM!!!!

[bobski]

£1,902.28

[Agaupl]

So much green 

[bobski]

£1,903.02

[bobski]

£1,904.35