Gold Monitoring Thread £ GBP only

[HerefordBullyun]

2 hours ago, Chronos said:

Magnificent 7 stocks on track to lose $500 billion in market cap:

https://finance.yahoo.com/news/nvidia-shares-tank-as-magnificent-7-stocks-on-track-to-lose-500-billion-in-market-cap-153646035.html

Buffet done well for himself too

[Gruff]

2 minutes ago, HerefordBullyun said:

Buffet done well for himself too

It's almost as if he had insider knowledge...

[Chronos]

A Close Below 5,255 Today Triggers $77 Billion In Global CTA Selling:

https://archive.is/0wHu1

[Gruff]

1 minute ago, Chronos said:

A Close Below 5,255 Today Triggers $77 Billion In Global CTA Selling:

https://archive.is/0wHu1

Currently at 5,203

[Chronos]

'Just Another Manic Monday' - Goldman Trader Issues 'Selloff Checklist':

https://archive.is/Ft9C2

[Chronos]

Traders Bet on Emergency Fed Rate Cut:

https://finance.yahoo.com/news/bond-traders-bet-big-fed-190000721.html

[Chronos]

German economic output plummets, debt hits record high:

https://rmx.news/article/german-economic-output-plummets-debt-hits-record-high/

 

 

Edited August 5 by Chronos

[Gruff]

14 minutes ago, Chronos said:

German economic output plummets, debt hits record high:

https://rmx.news/article/german-economic-output-plummets-debt-hits-record-high/

 

 

Now I understand why we've been asked to make savings at work...

[HerefordBullyun]

[HerefordBullyun]

[Chronos]

1 hour ago, Gruff said:

Currently at 5,203

5,186.33 at close

[AaaGee]

33 minutes ago, HerefordBullyun said:

[Bratnia]

1 hour ago, Chronos said:

Traders Bet on Emergency Fed Rate Cut:

https://finance.yahoo.com/news/bond-traders-bet-big-fed-190000721.html

Doubt that will happen. At new/recent adjusted price levels, year to date S&P500 up around 10%, Japan down around -5%, UK up around 4%.

The oddity was how high/fast things had risen. The Fed should have perhaps increased rates more in the first half of 2024 to slow that, in not having done so its induced a self imposed recession.

Edited August 5 by Bratnia

[Bratnia]

48 minutes ago, HerefordBullyun said:

Of which around 8Tn is foreign held (27Bn is domestic). Around 25% of GDP owed in external debt. A household with a 50K/year income ...owing 12.5K externally, and the rest internally ... mum owes dad 37.5K. A non-issue, could be resolved with just a internal debt restructuring exercise.

[Gruff]

30 minutes ago, Chronos said:

5,186.33 at close

Ooooooooh shiiiiiiiiiiiiiiiiiiiiiiiiiiiiii**** !

[Chronos]

Two Chinese Nationals In U.S. Illegally Stopped With $250,000 In Gold Bars On Them In Texas:

https://www.zerohedge.com/markets/two-chinese-nationals-us-illegally-stopped-250000-gold-bars-them-texas

[theman73]

Nikkei up 10% today

Seem all was in fact another gredy money grabbing exercise from the man in suits.

Close all market, arrest all traders.

[modofantasma]

18 minutes ago, theman73 said:

Nikkei up 10% today

Seem all was in fact another greedy money grabbing exercise from the man in suits.

Close all market, arrest all traders.

Markets will always go up and down. 

Yesterday was a gift to us all who wanted to do some shopping 😁

Edit: not necessarily for the Nikkei never traded that in my life 

Edited August 6 by modofantasma

[Bratnia]

6 minutes ago, modofantasma said:

Markets will always go up and down. 

Yesterday was a gift to us all who wanted to do some shopping 😁

One metric I maintain uses Robert Lichello's AIM, but applied to the S&P500 real price instead of nominal price. Paper traded monthly, to yield a end of year % cash to start the next year with (rest in stocks).

Historically has yielded a better reward than 100% total stock market (TSM) and done so with less volatility (largely due to being more like 50/50 average stock/cash, but where at times may be 70% cash, at other times all-in stock), which transposes to a higher SWR

Fundamentally that is indicting that US stocks are over-extended, and in reflection of that its built up a decent cash reserve to buy into the next dip/drop as and when that occurs.

Yesterdays declines ... didn't even register (no 'buy' (add) signal flagged).

I recall in the past when 8% type daily up or down moves were just accepted as 'normal' (1980's). Much of stock rewards above 'safe' assets (cash) were based on that volatility (that some consider to be 'risk'). Without that volatility then presumably rewards would also decline. Volatility shouldn't be feared, but welcomed. It's only a risk if you lump large amounts in/out of the market at single points in time. Average in/out over many years and the volatility washes out.

[BLOOMMAN101]

[Chronos]

[James32]

Losses nearly recouped. 

£1901

[Darr3nG]

14 minutes ago, James32 said:

Losses nearly recouped. 

£1901

You buying it all back, after panic selling the lot?

[silversky]

12 hours ago, Bratnia said:

 mum owes dad 37.5K. A non-issue, could be resolved with just a internal debt restructuring exercise.

Is that another word for divorce?

[DisplayName]

11 hours ago, Chronos said:

Two Chinese Nationals In U.S. Illegally Stopped With $250,000 In Gold Bars On Them In Texas:

https://www.zerohedge.com/markets/two-chinese-nationals-us-illegally-stopped-250000-gold-bars-them-texas

Talk about concealed carry.

If I buy now, am I catching the knife or buying the dip?