Gold Monitoring Thread £ GBP only

[Chronos]

Panic in Japan:

https://archive.is/ISB1p

[HerefordBullyun]

9 minutes ago, Chronos said:

Panic in Japan:

https://archive.is/ISB1p

 

[Bratnia]

17 minutes ago, BLOOMMAN101 said:

... which makes the N225 ... around -5% down year to date (reasonable given present conditions in Japan)

Here in the UK the FT250 midcap is at around the same 10.5 ounces of gold price as at the start of the year, but a transition to where FT250 is up a little, gold is up more. Reasonable/fair value relative to historic FT250/gold value levels, could see that rise if FT250 stayed at around present levels and gold (in Pounds) declined.

FCIT - a form of global stock index is down on the day much the same as the FT250, as FCIT is around 60% US stocks that suggests a lower S&P500 opening, current S&P500 Futures align with that.

So far more a case of stock and gold having had a good/great year to date, extended into over-valued, good/great earnings expectations being revised back down to more normal/former levels.

Where things go from here ??? Less probability that high stock expectations will suddenly reappear so may just level off at current valuations. Or fear/news could continue and drive prices lower, more into historic 'good value' levels, as might if gold rose in price.

[silversky]

1 hour ago, katyc said:

If we are not balls deep in recession by the time the year is up, I'd be shocked.

I didn't realise that you were "that" type of lady... 😆

[BLOOMMAN101]

#Down down deeper and down

[Bratnia]

Warren Buffett has been selling stock recently, raised much cash to add to his relatively high existing cash pile.

Could be he saw/sees the stock market as being relatively high, or simply that AAPL had risen to being too heavily weighted in his stock portfolio, amounting to over 50% of his total stock portfolio(too much single stock concentration risk).

[bazbigfoot]

bratnia ive  just watched the bald guy on you tube very interesting , and i watched episode 5 of the hidden secrets of money , now my brain is overheating so gona come back down to earth with episode of wurzel 😃

[DisplayName]

Seems the online casino is producing a lil' bit of red after years of black. Absolutely not worth bothering about. 

What is worth bothering is that PM's seem to be discounted as well today. Get yours while the dip lasts.

[katyc]

42 minutes ago, Chronos said:

Panic in Japan:

https://archive.is/ISB1p

Woah! Surely this is another "it's starting" indicator?

[Bratnia]

3 minutes ago, DisplayName said:

Seems the online casino is producing a lil' bit of red after years of black. Absolutely not worth bothering about. 

What is worth bothering is that PM's seem to be discounted as well today. Get yours while the dip lasts.

The gold/silver ratio has increased to 88, so of the two silver is possibly the better mid/longer term choice from here. Undecided whether to pair that with (mostly) US stock i.e. a global stock index fund, or a £ based fund (FTSE250). Buy silver in USD or Pounds? The Pound is down a little, so perhaps some flight to safety (USD). More broadly the USD is relatively high, having already seen much flight to safety. So more tempted towards 50/50 FT250/silver at present, the FT250 at 10.5 ounces of gold is a reasonable price. Waiting for the US markets to have opened to see what directional drive that may have. If a bad short term bet then fundamentally if you bought into something you don't mind holding mid to longer term that's fine, tends to wash out. I don't suspect this to be the start of a much bigger sell off, more a case of finding a bottom when a surge of buying 'good value' might arise, halting the decline and reversing out of it a bit.

[Bratnia]

2 minutes ago, katyc said:

Woah! Surely this is another "it's starting" indicator?

Or just another elastic snap back to trend from over-extended levels

The next few days will reveal whether that yellowish trend line is significantly cut down through or whether the decline slows/levels-off.

Either way I see no need for a quick decision to buy-the-dips, reversion of Japan/UK/US to prior extended upside levels isn't likely to be a quick-thing.

Continue to wait for the whites of their eyes (before buying in).

[katyc]

27 minutes ago, silversky said:

I didn't realise that you were "that" type of lady... 😆

(Real name Kenneth)

£1886 so I don't get in trouble!

[DisplayName]

6 minutes ago, Bratnia said:

The gold/silver ratio has increased to 88, so of the two silver is possibly the better mid/longer term choice from here. Undecided whether to pair that with (mostly) US stock i.e. a global stock index fund, or a £ based fund (FTSE250). Buy silver in USD or Pounds? The Pound is down a little, so perhaps some flight to safety (USD). More broadly the USD is relatively high, having already seen much flight to safety. So more tempted towards 50/50 FT250/silver at present, the FT250 at 10.5 ounces of gold is a reasonable price. Waiting for the US markets to have opened to see what directional drive that may have. If a bad short term bet then fundamentally if you bought into something you don't mind holding mid to longer term that's fine, tends to wash out. I don't suspect this to be the start of a much bigger sell off, more a case of finding a bottom when a surge of buying 'good value' might arise, halting the decline and reversing out of it a bit.

Would you have any insight on the 'yen carry trade'? 

[Bratnia]

Just now, DisplayName said:

Would you have any insight on the 'yen carry trade'? 

Not me

[Bratnia]

2 minutes ago, katyc said:

(Real name Kenneth)

£1886 so I don't get in trouble!

I self identify as a dog. Pronouns Woof/Bark. Pay your licence fee and you're done, no taxes etc. Can get to see a vet the same day (at risk that your family may decide its time to have you put down). Can freely pee or poo in the streets whenever the urge might arise, or have a quick shag if another dog takes your fancy. Now that's what you call freedom. Unlike you humans, who are watched/monitored everywhere you go, would be lucky to see a GP the same week, let alone get any hospital treatment. Can't even bark out whatever you like without having to consult a potentially "offensive barks to avoid" dictionary. Ah! It's a dogs life.

[Bratnia]

S&P500 up 0.5% since the lows of around a hour ago, Iran says it will "punish Israel but wants to avoid outright war". Gold (fear) continuing to ease.

[BLOOMMAN101]

30 minutes ago, DisplayName said:

Would you have any insight on the 'yen carry trade'? 

wee bit here

 

[modofantasma]

Come on gold down to £1200 an Oz please

[gji25]

12 minutes ago, modofantasma said:

Come on gold down to £1200 an Oz please

Buy Buy Buy

[refero]

Has the shuttle already left? To da earthhhhhh!

[Tn21]

Had a brief look at the dealers website. The drop in spot has not really reflected on their prices 

[goluckystayhappy]

I thought gold was meant to be a safe haven asset.

[Spyder]

Nothing to panic about. Spot is where it was two or three weeks ago. When there is blood on the carpet, back up the truck if it goes back under £1600. Waiting for £380 sovereign again

[Tn21]

2 minutes ago, goluckystayhappy said:

I thought gold was meant to be a safe haven asset.

Should come into play after the dust settles 

[theman73]

3 minutes ago, goluckystayhappy said:

I thought gold was meant to be a safe haven asset.