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Paul

Gold Monitoring Thread £ only

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14 minutes ago, vand said:

No, quite the opposite. Gold is strong today even despite a firmer USD, so that means the true price of gold is very strong today and gold priced in other currencies will be even higher than its nominal USD change.

Wrong.Down 0.1% in dollars up 1.1% in pounds.The pound has had a bad day.Admittedly gold has been quite strong recently but look at a GBP/USD chart.In dollars it's just bumping along in pounds it's having a breakout.Needs to pass about£1100 for some serious action but that means we're having some serious inflation.

Seem to remember the "special relationship" being called in to question somewhere yesterday.

Edited by SpacedMarine

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There have been relatively large movement in the currencies today.
USD has been stronger today other than against JPY.
Gold is pretty much unmoved against USD so is stronger against GBP, hence we have seen the price of gold go up few pounds.

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13 hours ago, SpacedMarine said:

Wrong.Down 0.1% in dollars up 1.1% in pounds.The pound has had a bad day.Admittedly gold has been quite strong recently but look at a GBP/USD chart.In dollars it's just bumping along in pounds it's having a breakout.Needs to pass about£1100 for some serious action but that means we're having some serious inflation.

Seem to remember the "special relationship" being called in to question somewhere yesterday.

Yeah, that's what I said

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they are just getting all excited over the US jobs numbers.

Give it a few weeks until they realise they were all temp christmas jobs and the numbers have dropped significantly and up we'll go again.

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HOO RAY and up she rises - -  something has woken up the metals this afternoon!

AU-24HR-SM.png?r=1042319779801.8229   GoldSeek.com provides you with the information to make the right decisions on your AG 24 Hour investments

METAL BUY SELL CHANGE
Gold £1,010.50 £1,014.25 £2.50+0.25%
Silver £12.25 £12.50 £0.000.00%
Platinum £644.00 £647.25 £8.50+1.34%
 
 
 
 
Edited by 5huggy

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On 09/01/2019 at 15:35, 5huggy said:

And down we go again!  like Blackpool's "Big One" - - rollercoaster
oken up the metals this afternoon!AU-24HR-SM.png?r=1042319779801.8229   GoldSeek.com provides you with the information to make the right decisions on your AG 24 Hour investments

METAL BUY SELL CHANGE
Gold £1,010.50 £1,014.25 £2.50+0.25%
Silver £12.25 £12.50 £0.000.00%
Platinum £644.00 £647.25 £8.50+1.34%
 
 
 
 

 

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Gold up +£10 or so for the day with the Brexit vote this evening starting 7pm think we might be going higher again tonight if it is a landslide defeat as expected

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12 minutes ago, Paul said:

Gold up +£10 or so for the day with the Brexit vote this evening starting 7pm think we might be going higher again tonight if it is a landslide defeat as expected

 

if the outcome is as expected would the outcome not be mostly

priced in at this late stage?

 

HH

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Ask the algorythms that react to every tiny little news report........one thing for sure is that the 1300-1315 usd is going to and has been defended hard....to get past a certain technical analysis that relies on time rather than price......

Edited by Oldun

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We broke south from the short trend, destination $1213.  Hard to say what that means in £ though seems to have strengthen, could go anywhere +/- 5% on Brexit progress. 

Edited by Martlet

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1 hour ago, Martlet said:

We broke south from the short trend, destination $1213.  Hard to say what that means in £ though seems to have strengthen, could go anywhere +/- 5% on Brexit progress. 

 

no, we are experiencing the c wave of the 4th wave retracement

(best guess). we should still be trending up over maybe the next

2 months.

 

HH

Edited by HawkHybrid

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Gold seems to be retreating away from £1000 at the moment,

I've been holding out to make a couple of purchases from Atkinsons.

what is the general consensus, hold off until after the Brexit fiasco or pull the trigger before?

 

 

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Brexit may not happen, and if it is postponed, the pound is likely to continue to rise. Also, this is seasonally a strong time for gold because of the Chinese new year gift giving. If it were me, I'd wait a couple of months, but it's never a bad idea to buy a regular amount and benefit from cost averaging.

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