Gold Monitoring Thread £ GBP only

[ZRPMs]

2 hours ago, flyingveepixie said:

13 hours ago, HerefordBullyun said:

Be a smash tomorrow right down the fartpipe 

What is this obsession with fartpipes...??  🤔

He might have been right though. Price dropping. May need to get the Victoria's out for some date pic's

[Chronos]

Japanese Stress Reviving - Will It Spill Over Again?:

https://archive.is/B5CcE

[Spyder]

If spot stays above £1900, we would have had a good day. 

I think the market is battle worn and wars all over the world are now not having as much impact as before

[KRO]

7 minutes ago, Spyder said:

If spot stays above £1900, we would have had a good day. 

I think the market is battle worn and wars all over the world are now not having as much impact as before

interest stat courtesy of "The Gold Update", each interval getting smaller, and each drop being less

 

But here’s where it gets interesting.  Recall The Gold Update from back on 25 May entitled “Gold’s Marginal High and Habitual Cry“?  The latter two words therein refer to Gold typically — and oft swiftly –getting dumped following just such marginal All-Time Highs.  Therefore were history to ad nauseamrepeat, Gold shall be met with selling next week.  To wit, Gold’s recording of All-Time Highs this year-to-date, followed by fallout as the near-term fate:

 

[Bratnia]

5 hours ago, Chronos said:

Veteran hedge fund manager issues grim warning over the future of the US stock market: 'This is a stark red flag':

https://www.dailymail.co.uk/yourmoney/article-13755491/Mark-Spitznagel-hedge-fund-stock-market-investor-warning.html

Lighten up :)

Yes the US looks over-extended, has seen much capital in-flight as a safe haven (Covid/wars), bolstering all US asset prices. As fear subsides, better value is seen elsewhere, and USD continues to see others dilute it/diversify elsewhere, so that over-extension can bump back down. High recent gains tend to be attractor to some, only to then get caught holding stocks that are dropping, perhaps with them capitulating after large losses. Trick is to be on the other side of those. Build up enough dry-powder (profit taking) during the good times, to buy back again when others might be capitulating and you're in a position to drain them

[BLOOMMAN101]

[Paul]

Steady-ish Monday start - not a smackdown as half expected after nothing happened Friday PM

[Chronos]

5 minutes ago, Paul said:

Steady-ish Monday start - not a smackdown as half expected after nothing happened Friday PM

The Squad went into a rehab so smackdown is off the table for the next couple of days ...

[Chronos]

US Leading Economic Indicators Plunge For 29th Month - Worse Than COVID Lockdowns:

https://www.zerohedge.com/economics/us-leading-economic-indicators-plunge-29th-month-worse-covid-lockdowns

[KRO]

4 hours ago, Bratnia said:

Yes the US looks over-extended,

you can say that again, the "live" P/E of the S&P currently being 40.7
put that against the S&P at its inception Jan 2013 of 25.4
to return to that P/E S&P would fall to 3466 from 5584 today
and a current paltry yield of 1.3%

[Roy]

I've had a good year 😎

@Bratnia, time to transition into gold?

[Roy]

@James32 knows I'm BSing 😉

Imagine having that in stocks today? Scary?

p.s. this guy done good betting on the recovery of the airlines 😊

Edited August 19 by Roy

[Thelonerangershorse]

5 minutes ago, Roy said:

@James32 knows I'm BSing 😉

Imagine having that in stocks today? Scary?

p.s. this guy done good betting on the recovery of the airlines 😊

Wouldn't bet too much on Boeing, they could crash at any moment.

[Chronos]

1 hour ago, Roy said:

I've had a good year 😎

@Bratnia, time to transition into gold?

Reported for bragging.

[Chronos]

"Unprecedented Swing": CTAs To Buy $86BN In Global Stocks This Week, The Most On Record:

https://archive.is/iBZ14

Edited August 19 by Chronos

[treetop1280]

4 hours ago, KRO said:

you can say that again, the "live" P/E of the S&P currently being 40.7
put that against the S&P at its inception Jan 2013 of 25.4
to return to that P/E S&P would fall to 3466 from 5584 today
and a current paltry yield of 1.3%

“ yes I agree entirely   with @KROtsynopsis, and break down of the yield capacity , in the percentage format??? (WTF 😀👍)

[Bratnia]

4 hours ago, KRO said:

you can say that again, the "live" P/E of the S&P currently being 40.7
put that against the S&P at its inception Jan 2013 of 25.4
to return to that P/E S&P would fall to 3466 from 5584 today
and a current paltry yield of 1.3%

October crash perhaps. August too focused upon all the beach bums. September focused upon getting the kids sorted out for the new school year. October ... aaahhh! stocks are way overvalued ... sell sell sell.

[Bratnia]

2 hours ago, Roy said:

I've had a good year 😎

@Bratnia, time to transition into gold?

Best to take some time out to recharge your battery

[BLOOMMAN101]

Wakey wakey

[Zhorro]

2 minutes ago, BLOOMMAN101 said:

Wakey wakey

I've got to say, since the weekend I was expecting a sell-off.  Tuesday is the Comex cut off day (I think if you close your position by the end of today you pay or receive just the margin of the change in the price of gold - but if you hold on then you have to pay for the whole amount).  So, I thought that people who had taken a position before the weekend would be closing these positions and taking their profit.  But maybe the sell-off might still come?

[Paul]

12 minutes ago, BLOOMMAN101 said:

Wakey wakey

Oooooooohhhhh hello ! 

[Zhorro]

To the moon!

[BLOOMMAN101]

[flyingveepixie]

1942.46

Is that ATH..?

[dicker]

1942.  Boom