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Gold Monitoring Thread £ GBP only


Paul
Message added by ChrisSilver

This topic is to discuss price action in GBP, to discuss price action in $ USD, please see this topic: https://thesilverforum.com/topic/19962-gold-monitoring-thread-usd-only/

📌 For general non PM chat there is the Hangout topic here: 

 

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40 minutes ago, Chronos said:

"We're Looking At Serious Civil Unrest Regardless Who Wins" - Martin Armstrong Fears Post-Election Chaos:

https://www.zerohedge.com/political/were-looking-serious-civil-unrest-regardless-who-wins-martin-armstrong-fears-post

Kennedy siding with Trump may have defused that risk to a degree. Ultraprogressives will riot in the cities regardless of the outcome. Trump supporters are unlikely to loot or burn down property.

 

Edited by jultorsk

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. - H.L. Mencken

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56 minutes ago, Chronos said:

As you said in Casablanca:"I Think This Is The Beginning Of A Beautiful Friendship."

Here's looking at you kid.

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1 hour ago, Chronos said:

"We're Looking At Serious Civil Unrest Regardless Who Wins" - Martin Armstrong Fears Post-Election Chaos:

https://www.zerohedge.com/political/were-looking-serious-civil-unrest-regardless-who-wins-martin-armstrong-fears-post

Is it this guy?

https://en.m.wikipedia.org/wiki/Martin_A._Armstrong Quite a fascinating reading, inculding:

"convicted felon who spent 11 years in jail for cheating investors out of $700 million and hiding $15 million in assets from regulators."

as well as

"In 2014, a day laborer sold a box of 58 rare coins—which he said he had found while clearing out the basement of a house in New Jersey—to a Philadelphia thrift shop for $6,000. Three years later, in 2017, when the thrift shop announced they were to auction the coins—valued at $2.5 million—Armstrong came forward to declare himself to be the rightful owner. He claimed that he had hidden the coins in his mother's old house to take them "off the books" in anticipation of the public offering of his firm."

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2 hours ago, Petra said:

They’re all experts…..🤔🤔

Their whats known in the trade as junk scientists. They talk garbage.

LFTV.  live from the vault.   Spot price is immaterial. its just an illusion.

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13 hours ago, Chronos said:

More Americans are having to choose between food and energy bills:

https://www.cbsnews.com/news/energy-prices-electricity-heat-costs/

Well if they did not eat so bleedin much could save a few dollars.

Edited by Bogart
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4 hours ago, Paul said:

Its always nice and warm in most parts of America, they'll pick food I think 

All over the place, even Alaska.

 

Screenshot 2024-08-27 at 6.46.21 PM.png

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. - H.L. Mencken

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Ticked up a bit so far this morning - £1,914 currently. Some US GDP data at 13:30 so that could cause a bit more movement. Weak GDP in particular may increase hopes for a bigger cut from the Fed in September and weaken the dollar a bit further.

Disclosure - I work in the precious metals industry, however this is my personal account and all opinions are my own.

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