Wt Phys Gold � Discussion Threads

[toffeeman] 10/4/2020 11:00

Thanks KT

This is what BBs should be about!

I shall definitely look up Mancini.

Happy Easter

[killing_time] 10/4/2020 10:47

Hi Toffeeman, i buy PHAU instead of PHGP because its in dollars rather than the pound and i just think dollars would hold up better if things got really nasty.
I buy PHAG as a trade as i can see silver going back upto $18.

And AAZ because it (should) outperform gold in a rising market, also lower oil should help costs come down.

If you want to see some really good charts on gold ect you should follow Adam Mancini on twitter, he's a trader so not biased on which direction gold goes, but the charts at the moment look really good for gold. KT.

[toffeeman] 10/4/2020 10:00

KT may I ask the reason for buying those 3 - rather than PHGP (or just one?)

I hope you are right about money printing and the price of gold - but so far (recently) the relationship is not crystal clear.

I do know that the price of gold doubled after the financial crisis and if that pattern replicates then the rise could be considerably more due to the amount of money printing.

Anyone provide a concise analysis for me?

[killing_time] 10/4/2020 08:59

True, iv been buying PHAU, PHAG and AAZ because of this money printing. Have a target of $1780- $1800 on gold for this leg up, but just see it going higher and higher in the future.

[action] 10/4/2020 08:41

Market is on FED induced steroids and all risk assets including PM will be on upward trajectory.

[action] 09/4/2020 15:05

Again buying 12836 but selling 12630. Not within the quotes.

[action] 31/3/2020 13:05

I hope you are correct.

[toffeeman] 31/3/2020 12:12

I have this theory - when PHGP hits 1380 the disaster will have ended!

[action] 31/3/2020 12:05

Rebasing currency

[action] 31/3/2020 12:04

Longterm positive for gold I.e nearly zero or negative rates everywhere and trillions of dollar stimulus reading paper currency. MM will move Stocks higher and this lower to trap punters to sell gold and buy shares. Stay the course with Gold.

[toffeeman] 31/3/2020 11:07

Well my inverse H&S will not be a straight line!

[action] 31/3/2020 11:05

This may retest recent low in 11300

[action] 31/3/2020 08:30

Gold uptrend got tougher as it lost key support. Bloomberg headline.

[toffeeman] 28/3/2020 14:24

I think RIY is a technical way of recovering the charge to hold.

[action] 28/3/2020 13:20

But Gold does not have any income . How they can deduct from Yiels?

[toffeeman] 28/3/2020 13:08

they charge via a reduction in yield 0.39% per yr.

[action] 28/3/2020 10:46

It is physical gold but there are fund charges which I am not sure how has been paid ie by selling underlying gold bars?

[toffeeman] 27/3/2020 16:53

I hope I am not mistaken, but this stock is backed by actual gold bars - that's why it's called physical gold.

[waikenchan] 27/3/2020 16:17

What do we all think about gold etfs as paper gold being worthless and there not being enough gold gold in their vaults to cover call otpions when people want to redeem?

[action] 27/3/2020 10:55

With trillions of dollars stimulus all around the world I am surprised to see Gold is lower today. It could even reach $2000.

[action] 26/3/2020 10:29

Today's spread within 30 to 40 basis point. Wow.

[action] 26/3/2020 09:50

I bought again today.

[action] 26/3/2020 09:37

You may consider BRWM trust when underlying discount is as high as 23%And invest for gold as well as mining shares. It also pays divi. DYOR as always.

[toffeeman] 26/3/2020 09:33

Yep that makes the PHGP target 14400 so within 4% of my H&S target.

Thanks