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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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Does everyone hear that ???

...... The dull rumble in the distance

Of people preparing their "for sales" ads for the forum over the weekend once they've finished work 

Lots have folk have just got 'a car break down' or any an 'unexpected bill ' come in 

14 minutes ago, Bratnia said:

Which/what dip?

th?id=OIP.TwYG9-BsjeGRRFE_kB1wxAHaEK%26p

th?id=OIP.I9sWwX9KyXzr8GRCb6Nd0AHaEK%26p

Siracha mayo dip is surprisingly nice especially with homemade buttermilk chicken tenders 😁 

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5 hours ago, HerefordBullyun said:

I can guarantee you they are cutting interest rates and the FED is doing 50 base points,

Which will weaken the USD further, push gold up in terms of USD. US stocks will be repriced higher in reflection of lower interest rates, but more a question of whether there's more out-flight from US assets (such as US stocks) to drag down the values, or not ... stocks might rise, or fall.

gold-dxy.png

Generally and stocks/gold tend to move counter-direction, but in more recent years have correlated under everything up as USD has been weakened (print/spend) I suspect that correlation still has further yet to run. At some point that will snap and one or the other make a big 'corrective' step .... likely stocks, maybe in October ???

 

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Just now, Paul said:
7 minutes ago, James32 said:

£63 a gram.

Is it cut with anything ?

( Asking for a friend) 

Usually copper but if your unlucky and get some from the one of the old penal colonies mint It may have silver as well. 

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