Gold Monitoring Thread £ GBP only

[silverin]

8 minutes ago, Paul said:

Buy the dip ! 

Need a much bigger dip 🤣

[katyc]

And here we go again

[gji25]

53 minutes ago, Paul said:

Gold up nearly 5% now for the month / + £87.30  

£2000 here we come baby ! 

Not quite as soon as that. By the end of the third quarter seems very likely 😎

[Thelonerangershorse]

2 hours ago, JamesH said:

I don’t reckon the smackdown is coming today. Stocks looking too iffy right Iran tension etc. reckon people may be dumping some money into gold to end the week with safe haven assets

Could I interest you in a small wager?

[gji25]

2 hours ago, theman73 said:

Unfortunately, after 14:30 only the Americanos market is open, they can do whatever they like

And thats how the Asian markets like it. Buy low sell High.

[Bratnia]

They said AI would mean fewer jobs. Quite a large AI sell off today, Intel are down more than 50% year to date and are looking to halve their workforce. Apple doing OK, other techs/AI also reviewing to the downside.

Gold seems to be continuing to correlate with stocks. Cash is king looking to be the weekend preference.

[JamesH]

28 minutes ago, Thelonerangershorse said:

Could I interest you in a small wager?

Haha…too easy after the fact. Shame though, doesn’t make much sense to me

[bazbigfoot]

oooooooh a packed me paper round in this morning coz a thought a was a millionaire going to have to beg for it back now , i just hope newsagents forgot what i told him to do with the bag 😃

[Chronos]

'Growth Scare' Narrative Builds As US Factory Orders Plunge Most Since COVID Lockdowns In June:

https://www.zerohedge.com/economics/us-factory-orders-plunge-most-covid-lockdowns-june

[Gruff]

45 minutes ago, Bratnia said:

They said AI would mean fewer jobs. Quite a large AI sell off today, Intel are down more than 50% year to date and are looking to halve their workforce. Apple doing OK, other techs/AI also reviewing to the downside.

Gold seems to be continuing to correlate with stocks. Cash is king looking to be the weekend preference.

Personally I think some of the AI hype bubble has popped. It was an "It'll solve everything" at first and now people are finding the markets for it. It's looking great for being a PA with regards to Microsoft Copilot for M365 applications, and some other big data analysis on PowerBI for reporting etc.. but I think even that is limited to certain roles or groups/teams in a business.

[Brit2023]

5 minutes ago, Gruff said:

Personally I think some of the AI hype bubble has popped. It was an "It'll solve everything" at first and now people are finding the markets for it. It's looking great for being a PA with regards to Microsoft Copilot for M365 applications, and some other big data analysis on PowerBI for reporting etc.. but I think even that is limited to certain roles or groups/teams in a business.

Can it make this…..

[katyc]

32 minutes ago, Brit2023 said:

Can it make this…..

I reeeeeally want fish and chips now FFS.

£1897

If we go back to £1900 I'll treat myself

It not, then I'll have a scallop!

[Chronos]

Wall Street Begs Fed To Panic: Goldman Sees 3 Consecutive Rate Cuts, JPM Hopes Two For 50bps, Citi Even Crazier:

https://www.zerohedge.com/markets/wall-street-begs-fed-panic-goldman-sees-3-consecutive-rate-cuts-jpm-hopes-two-50bps-citi

[Thelonerangershorse]

1 hour ago, Bratnia said:

They said AI would mean fewer jobs. Quite a large AI sell off today, Intel are down more than 50% year to date and are looking to halve their workforce. Apple doing OK, other techs/AI also reviewing to the downside.

 

Slightly off topic, but now is apparently the time to buy microsoft.

 

[Brit2023]

1 hour ago, katyc said:

I reeeeeally want fish and chips now FFS.

£1897

If we go back to £1900 I'll treat myself

It not, then I'll have a scallop!

I went budget and had fish cake chips n peas

[BLOOMMAN101]

[Gruff]

[Gruff]

[James32]

7 minutes ago, Gruff said:

Can you explain this to an idiot like me? Please.

[Gruff]

2 minutes ago, James32 said:

Can you explain this to an idiot like me? Please.

No

[James32]

Just now, Gruff said:

No

Least your honest. Big load of codswallop. 

[Roy]

Anyone who got into gold since 2015 has seen number go up 😊

[James32]

Shaping up to be a very positive close

[Gruff]

6 minutes ago, James32 said:

Can you explain this to an idiot like me? Please.

It's the price people are assuming or putting call options on at a specified price at a future date from memory. It's been a while since I've followed the futures market trends...

https://www.cmegroup.com/markets/metals/precious/gold.settlements.html

 

[Roy]

Just now, James32 said:

Shaping up to be a very positive close

I do my weekly spreadsheet on Friday. I'll let you know 😉