Gold will soar tomorrow - buy, buy, buy!

Ballard

To be fair to Freddie, gold did only lose one percent today.

shaun_from_Africa

Gadfium wrote: »

Even a broken clock is right twice a day....

Not if it's broken because the hands have fallen off.

bigadaj

shaun_from_Africa wrote: »

Not if it's broken because the hands have fallen off.

Or it's got an led display.

BrockStoker

bowlhead99 wrote: »

Gold at 7pm Friday, £924.50 /oz

Sunday night, Freddie tells is it will soar, buy buy buy.

By 9.20am Monday it has fallen to £917.

It may not have been the expected result, but I prefer to buy after or during a fall if possible. I know, it's risky, but preferable to buying at a random unspecified time IMO.

I don't know if it was a good or bad idea (only time will tell I guess) but I went for the iShares Gold Producers ETF rather than a physical gold ETF.

I also bought some Close FTSE techMARK, despite the initial fee of 4.75% which nearly put me off, but I think buying at a good (hopefully!) time will more than make up for that (this will likely be held for the long term unlike the gold). It was either that or a FANG fund, but for some reason none of them appeal to me currently. Nothing in the global technology sector really jumps out at me, apart from the fund I bought.

darkidoe

DiggerUK wrote: »

On a more serious note. The price of gold has dropped 12/15% in USD/GBP prices since beginning of July.
With the stated economic position of the president elect, showing that a massive expansion of the monetary base for the USD is on the cards, then I strongly suspect that further price drops for gold are a better bet than rises. If the Trump administration does what it has proposed, then I suspect there is a boom to beat all booms on the way.
Nothing like a booming bourse to work against gold.

I would suggest that anybody wanting exposure to gold take it steady. Either wait a while, or average in..._

Whatever you bet the market will do, bet that the opposite will happen ad infinitum. I can see both ways happening. We always come up with explanations of why this or that happens, but I doubt we truly know any better.

colsten

Just looking at the thread title - is it tomorrow yet?

mapk

colsten wrote: »

Just looking at the thread title - is it tomorrow yet?

Maybe.. according to posters above the clock is broken, so not sure. Anyway, this thread is starting to sound like a broken record

antrobus

bigfreddiel wrote: »

Gold will be soaring, ...

Well, you got that one wrong.:)

eskbanker

bigfreddiel wrote: »

Gold will soar tomorrow - buy, buy, buy!

Bye, bye

I was going to post that specifically in response to his post but I see it's (inadvertently) a bit more topical now he's been PPRed, not sure what will finally have tipped the mods over the edge?

racey

eskbanker wrote: »

Bye, bye

I was going to post that specifically in response to his post but I see it's (inadvertently) a bit more topical now he's been PPRed, not sure what will finally have tipped the mods over the edge?

What's PPRed?