Gold Monitoring Thread £ GBP only

[Paul]

11 minutes ago, Darr3nG said:

We need our personal gold price butler back. I'm wearing my mouse out here

[Bratnia]

This is a example of swing trading FCIT and a world stock index fund. FCIT is a investment trust - just one of many London listed stocks that are a share (business) that invests in diverse bunch of stocks (bonds/whatever), where FCIT's focus is on investing globally. It owns a bunch of global assets where its share price is sometimes lower than the sum of all of those assets (when at a -10% discount the fund manager tends to buy back shares, which tends to close down that discount). Basically ... rotate into FCIT when its at/around a 10% discount to net asset value, rotate into a global stock index when the discount closes down to 0% ... type swing trading

https://www.trustnet.com/factsheets/T/FJ19/f&c-investment-trust-plc

Obviously the more often those swings occur the greater the benefit.

I've been monitoring the price differential between PAXG and spot gold over the last six months and note that differential has swung through 0.98 and 1.0 four times during that period. i.e. swap into PAXG when at a 2% below spot price level, rotate into spot when that closes down to 1.0, and you would have had 4 such rotations in the last 6 months, captured a gross 8% type reward (16% when proportioned to a year). There are costs (and potential tax) factors that eat into that .. so hence this post. Does anyone here trade those swings? I don't have visibility of PAXG order books so my measures are somewhat crude/raw and need to account for spreads/costs. TIA

[DisplayName]

I buy parts of shiny coin at £1839. Many seashells for one coin, but worth it. Over many moons I make profit. Profit good.

[Paul]

1 hour ago, Thelonerangershorse said:

£1836.40

Seriously, Where's @bobski

Can somebody check the silver monitoring thread, see if he's over there. 

One doesn't mix with those sort of folk personally with their bartered chickens, cheap lager and own brand biscuits

[Chronos]

Bobski went to the Moon without us ...

Edited June 24 by Chronos

[Thelonerangershorse]

£1840.33

If you want the job doing, do it your f***** self

[Paul]

2 minutes ago, Chronos said:

Bobski went to the Moon without us ...

I think I may have mentioned the moon 🚀 a couple of pages back in the thread 

[BLOOMMAN101]

Bobski won the Lotto and says

to you all

Edited June 24 by BLOOMMAN101

[Bratnia]

1 hour ago, Chronos said:

Bobski went to the Moon without us ...

[Paul]

1 hour ago, Thelonerangershorse said:

£1840.33

If you want the job doing, do it your f***** self

You've volunteered yourself into a thankless task 

[Thelonerangershorse]

You've volunteered yourself into a thankless task 

 

£1838.73

Not any more,

It's bedtime now,and I have work Tuesday,Wednesday And Thursday.

Edited June 24 by Thelonerangershorse

[Paul]

7 minutes ago, Thelonerangershorse said:

You've volunteered yourself into a thankless task 

 

£1838.73

Not any more,

It's bedtime now,and I have work Tuesday,Wednesday And Thursday.

Your efforts are most appreciated 👍 🙏:) 

[Paul]

12 hours ago, Chronos said:

Bobski went to the Moon without us ...

I wonder if wonger was already there ?? 

[HerefordBullyun]

Wen 5000 gold wen 1000 silver?

Asking for a fat flatulent bert.....aka moi

[Paul]

8 minutes ago, HerefordBullyun said:

Wen 5000 gold wen 1000 silver?

Asking for a fat flatulent bert.....aka moi

Soon 

[Chronos]

32 minutes ago, Paul said:

Soon 

Soon Moon

[Chronos]

The Reign Of The Dollar & A Month Of Rumors:

https://consortiumnews.com/sl/2024/06/22/the-reign-of-the-dollar/

[Chronos]

Missing

Bobski

Age: too old for his liking

Height: tall

Weight: too much/fat

Hair: without

Location: TSF forum

Reason of dissapearance: a couple of days ago bobski wanted to post price for gold, but he never did. Neighbours said he left the appartment with a young blonde woman (not his wife). Mrs. bobski said that she doesn't care if ever comes back ...

Edited June 25 by Chronos

[Paul]

2 minutes ago, Chronos said:

Missing

Bobski

Age: too old for his liking

Height: tall

Weight: too much/fat

Hair: without

Location: TSF forum

Reason of dissapearance: a couple of days ago bobski wanted to post price for gold, but he never did. Neighbours said he left the appartment with a young blonde woman (not his wife). Mrs. bobski said that she doesn't care if ever comes back ...

He's not in Tenerife is he ?? 

[Orpster]

Be aware the TSF gold ticker price seems to be stuck again.

Has been 1830.95 for ages for me now, BBP has:

[Dankanugget]

2 hours ago, Chronos said:

Missing

Bobski

Age: too old for his liking

Height: tall

Weight: too much/fat

Hair: without

Location: TSF forum

Reason of dissapearance: a couple of days ago bobski wanted to post price for gold, but he never did. Neighbours said he left the appartment with a young blonde woman (not his wife). Mrs. bobski said that she doesn't care if ever comes back ...

Le ticker is broken

[Chronos]

Central Banks' Appetite For Gold Hasn't Been Satisfied:

https://www.moneymetals.com/news/2024/06/20/central-banks-appetite-for-gold-hasnt-been-satisfied-003268

[VGfine]

Can someone who knows about these things answer this question,

If interest rates are cut in August or September which looks likely am I right to assume that the price of gold will fall each time they are cut?

[BLOOMMAN101]

[Bratnia]

1 hour ago, VGfine said:

Can someone who knows about these things answer this question,

If interest rates are cut in August or September which looks likely am I right to assume that the price of gold will fall each time they are cut?

No. Multifaceted. In expecting a reduction in interest rates some may move ahead of that time to sell some gold to buy stocks/bonds in expectation that they will tend to rise in price as interest rates are lowered. If inflation rises as rates are cut then bonds (stocks) might be yielding a less than inflation rate of return - where some might prefer to hold gold instead. The overall collective opinion of the collective market comprised of billions of players and computer systems tends to drive the odds of something either winning/losing at any one time to 50:50. Gold could rise, could fall.