alexreeve Posted January 23, 2009 Report Share Posted January 23, 2009 Gold seems to be really spiking up at 11am and 3pm UK time, the am and pm fixes. This means people taking delivery are driving the rises, not paper speculators. If it carries on like this for a while longer it may be rocket time for real! Link to comment Share on other sites More sharing options...
Pixel8r Posted January 23, 2009 Report Share Posted January 23, 2009 I only have a litte, so not sure. Might wait to see how it goes for a few days. Hoping the pound increases over the course of the day after a dip as it has been doing the past few days. Cheers for the help Pixel8r. Any other info/opinions are very welcome. The best time to buy is around 4.00 pm UK time, which is the UK Gold PM Fix. Link to comment Share on other sites More sharing options...
Wanderer Posted January 23, 2009 Report Share Posted January 23, 2009 Not sure what you mean. It's Sterling that plunges, gold is just doing fine. So, you exchanged something fine for something that is in a freefall and just paper anyway. I wouldn't call this "taking a profit." I would call this "making a financially disastrous decision." Oh,well. Thanks Goldfinger. Read my earlier contributions on the thread. Obviously I'm kicking myself about taking profits on this occasion so you don't need to add your boot.... I readily admit it was a mistake on this occasion. However I've been galled on recent spikes not to have taken profits and bought back in lower - like Roman's Holiday (I think) who is seeking to trade up his number of ozs. Anyway, at least my core holding is intact at BV where I'm not tempted to trade. Link to comment Share on other sites More sharing options...
alexreeve Posted January 23, 2009 Report Share Posted January 23, 2009 The best time to buy is around 4.00 pm UK time, which is the UK Gold PM Fix. Only in the summer, 15.00 GMT Link to comment Share on other sites More sharing options...
Pixel8r Posted January 23, 2009 Report Share Posted January 23, 2009 Only in the summer, 15.00 GMT Bloody daylight saving time, always confuses me. Link to comment Share on other sites More sharing options...
creditcrunch Posted January 23, 2009 Report Share Posted January 23, 2009 Anyone got a rocket? Gold, although going up in GBP has been pretty stable in EUR, about 630 ish. Look at it today. up from 630 Euros to 683!!! Up in £ also. :lol: Link to comment Share on other sites More sharing options...
creditcrunch Posted January 23, 2009 Report Share Posted January 23, 2009 GBP 740 to buy including commission http://www.goldline.co.uk/bullionCoinsPage.page?coinId=49 Considering I bought my first one at GBP 490 .... I am very very happy. Link to comment Share on other sites More sharing options...
wren Posted January 23, 2009 Report Share Posted January 23, 2009 Just my luck, I finally unlock my last significant bits of turdling & gold rockets. Thxs to you cgnao I'm 60% in gold & happily drinking Chivas rather than Grants, but would you hold off purchasing more right now & wait for a smackdown? -- With euros maybe, but with Sterling I scare easily. I would wait to see what happens next week. In the past few days gold has spiked up to record new highs in GBP and EUR. If you look at the history, when it does this it generally undergoes a correction retracing much, if not all, of the rapid new-high spike. The BV chart says £645 at the mo'. I think a correction to something like £610 is quite likely. I would would wait and if it corrects you need to decide whether you want to spend all your Sterling in one go or average in over a certain time period. Using BV you can divide your cash into several lots and set up bids at a series of prices trying to catch any useful downtrend. So, just as an example, if next week it's at £630, one way to catch better prices is to divide your cash into, say, 10 lots and set up a series of bids at, say, 625, 622, 619, 616, 613, 610, 607, 614, 611, 608 (10 lots at 3-pound intervals) or whatever range you think is likely. In that example if it drops to, say, £613 but no further, and if you finally decide that it is unlikely to go lower you could cancel the unfilled bids and spend the remaining cash. Or else you could average in over a period of maybe one week to a few weeks. Just my opinion, of course. My having said this, it probably won't make a good correction now. Link to comment Share on other sites More sharing options...
warpig Posted January 23, 2009 Report Share Posted January 23, 2009 The only thing we can be certain of is uncertainty. The short term is near on impossible to gauge, but we all know what is going to happen in the medium to long term. I would recommend tossing a coin to decide what to do. Just my opinion, of course. My having said this, it probably won't make a good correction now. Link to comment Share on other sites More sharing options...
alexreeve Posted January 23, 2009 Report Share Posted January 23, 2009 Crikey that's £650/toz Link to comment Share on other sites More sharing options...
Pluto Posted January 23, 2009 Report Share Posted January 23, 2009 Crikey that's £650/toz Not too shabby. Link to comment Share on other sites More sharing options...
alexreeve Posted January 23, 2009 Report Share Posted January 23, 2009 Not too shabby. old news though, £655 now!!! Link to comment Share on other sites More sharing options...
FWIW Posted January 23, 2009 Report Share Posted January 23, 2009 Looking at my pnf charts, I am happy to say that we have broken through the 865 ceiling. We will probably consolidate around here for a while and then test 890. If we break through that, then the rocket pictures & champagne is coming out! http://stockcharts.com/def/servlet/SC.pnf?c=%24gold,P We have lift off! Link to comment Share on other sites More sharing options...
cgnao Posted January 23, 2009 Report Share Posted January 23, 2009 From: http://www.youtube.com/watch?v=yXL9AkXzlt8 Link to comment Share on other sites More sharing options...
alexreeve Posted January 23, 2009 Report Share Posted January 23, 2009 We have lift off! Silver spot chart looking seriously sweet too, even in dollars. Link to comment Share on other sites More sharing options...
FWIW Posted January 23, 2009 Report Share Posted January 23, 2009 cgnao - you are one clever, funny, crazy guy! Great video!! B-R-E-A-K-O-U-T Link to comment Share on other sites More sharing options...
bitbigt Posted January 23, 2009 Report Share Posted January 23, 2009 Been away from 'puta most of the day, and just logged in to find..... ...I've now doubled the value of my initial GBP gold investment I'm a happy camper! Link to comment Share on other sites More sharing options...
FWIW Posted January 23, 2009 Report Share Posted January 23, 2009 Guys - I'm going for a lie down....this champagne is going to my head...just thought I saw $901 per oz????? Link to comment Share on other sites More sharing options...
warpig Posted January 23, 2009 Report Share Posted January 23, 2009 About time... Guys - I'm going for a lie down....this champagne is going to my head...just thought I saw $901 per oz????? Link to comment Share on other sites More sharing options...
Pluto Posted January 23, 2009 Report Share Posted January 23, 2009 I just noticed how on HPC muppetland, they are posting pics of rockets, how ironic, that the gold thread moved but the rockets stayed. Link to comment Share on other sites More sharing options...
Pluto Posted January 23, 2009 Report Share Posted January 23, 2009 ...BREAKING NEWS....GOLD JUST NEW HIGHS IN ALL CURRENCIES....GOLD BREAKS 700EU /toz .... GOLD BUGS SEEN CELEBRATING WORLD OVER..... Link to comment Share on other sites More sharing options...
qwertyuiop Posted January 23, 2009 Report Share Posted January 23, 2009 I sold all my gold last week NOT !!!! Link to comment Share on other sites More sharing options...
azazel Posted January 23, 2009 Report Share Posted January 23, 2009 Great! Nice to see some good news in these dark times of bad news. High five guys!! Thanks. cgnao, I'd love to see a photo of the swiss gnomes Link to comment Share on other sites More sharing options...
marceau Posted January 23, 2009 Report Share Posted January 23, 2009 Hehehe. $880 and $900 broken. IT'S BACK Link to comment Share on other sites More sharing options...
marceau Posted January 23, 2009 Report Share Posted January 23, 2009 Total morons over there, they are still slagging Cgnao off, those idiots who lost in BTL and are sitting 50% in negative equity, and those in cash earning 1 per cent a year in a currency that has lost almost 50% in 1 year v the dollar. deserve evrything they get, it's the J6P folks I feel sorry for, they don't stand a chance with Cyclops in charge, they will lose everything. Yep, if Brown likes it or owns it, it's sure to fail. He neither likes nor owns gold - that should tell people everything they need to know about where to invest for the future. Link to comment Share on other sites More sharing options...
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