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I bought another £1k at 9.15pm on the Canadian market at 8% down on the day. Happy to average up really gradually. It's like having a late-night shop down your street 🇨🇦👍😁

Everyone should read this. Charles Archer is a slightly eccentric bloke but his writing is often truly incisive.

https://thatstocksguy.substack.com/p/why-gold-and-silver-are-recovering

Does it feel to anyone else like the global financial system is currently enjoying the economic equivalent of that scene in Titanic where the band keeps playing while the ship sinks?

The band is Kevin Warsh, the ship is the US dollar, and gold just retook $5,000 - because the markets have figured out what’s coming.

Indeed, a stack of positive catalysts in the offing. There was a good post a while back listing them all? So what's the next one? MLE? FY £ results? Or the end of Feb update you just mentioned?

"The daily bullish..."

Nailed it 🥱

A healthy rise always seems to attract these attention seeking dribble-heads.

Supply is tight, NT to buy above £30, looking good, over £1 on Monday, MMs holding onto shares, institutions getting on board, the Chinese are circling.

There, I've typed a week's worth of your inane verbal diarrhoea for you. Now sod off and leave this relatively sensible board free of your bumspittle.

The only really significant thing about the gold price today is that for the last THREE days, the price has actually stabilised with quite small daily movements.

Would be lovely if we get a good few months above $4,500.

I've been reading quite a lot in recent days about the growing divergence between the SGP (based on demand and supply of actual gold... silver too) and the paper price.

The latter is favoured by the West, but is basically nonsense? Apparently for every 14oz of silver for example, there's only one actual, ounce of silver! The rest is crap like derivatives and futures.

So for THX, it begs the obvious question, which price do we achieve each time we sell gold, given that we sell physical gold.

Important because the latest SGP I can find is $5,200/oz.

Anyone understand this better than me?

https://www.kitco.com/price/fixes/shanghai-benchmark

Ps if using this link, change units to USD and oz.

Repurchased another 25% or so of my trimmed AIM shares this morning for 77.5p.

No idea what the low will be so will do so again with any more 5-10% flash sales. Anyone else trying to be cute with all this volatility? Easy to get it horribly wrong of course.

12.7% down on the day. But be quick. I just "rebought" some on ii. Really easy to do. Only a few £k tho, in case Monday gets sillier.

Lower rates INCREASE inflation and Gilt yields, cet par.

As per today's RNS.

Bloomin' Germans (!)

GP has recovered somewhat now.

$5,176.72

-$150.93

-2.83%

Gold and silver prices fell Friday, after hitting record highs a day earlier, as investors book profits after a record-breaking rally this year.

Spot gold prices declined over 4% to $5,156.64 per ounce. The yellow metal remained around 20% higher year to date.

“A correction back to $5,000 with some consolidation around that price would be a normal pattern in a bull market,” Ed Yardeni, president of Yardeni Research, told CNBC. “The surprise is that it went from $3,000 to $5,500 without any significant correction ... So far this has been more of a melt-up than a traditional bull market in the precious metals.”

$5,327.98

+$243.02

+4.78%

A more than $240 raise in a single day. Just a year ago that was 10% of the price. Ludicrous. Yet the Canadian SP is LOWER. Also quite silly.

Don't forget that Q2 also brings Q1 results, selling yellow metal for around $5,000 per oz 🚀

Columbia. Assume it's insured Fully Comp 👍

Avation has delivered and commenced a six-year lease of an ATR 72-600 (MSN 1473) to Colombian carrier Clic Air, marking a completed aircraft transition that will generate lease income over the contract term.

Can't remember seeing gold move by 3.5% in a single day. A 2.5% drop in the Autumn made big headlines I recall.

Wishing I'd not trimmed THX yesterday now! 😂

$5,267.98

+$183.02

+3.60%

New holding for them too. Interesting. I just increased my holding here as they always do their research.

Definitely a lot of profit taking earlier today. Across the sector. PoG has been lower for most of today, so some not risking $5,090 - or whatever it got to - being the overall high which would divert people's attention to more mainstream stuff.

Don't think anyone on here is selling though. Imagine!

Recordings aren't made available for a few days. Not sure why it can't be put up quicker in these enlightened times.