Gold Bul Discussion Threads

[umitw] 02/1/2019 09:48

Any one buying this?

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[energyi] 26/9/2011 13:33

26 Sept.2011 was an unusual trading day for Gold !





On that Monday, we saw Gold trade way outside Friday's NY trading range for gold. Friday's Low for GLD was $158.55, and London's GBS opened on the Low of the day, which was $150.90 - that's $7.65 (xx%) below Friday's GLD close of $xxx.xx.

History suggests that the wild low may be tested, or very nearly tested, within a few days. But maybe it will not happen this time.

[hyper al] 03/9/2009 11:05

does anyone have any charts showing GBS share price plotted against Gold in US$ and Gold in £ ?

[fox tail] 30/7/2009 09:45

gbs not doing too badly today

[lbo] 22/6/2009 20:05

Gold Potential Long-term Double Top Pattern

[manners2] 06/2/2009 13:40

how do I hedge the currency exposure though!!?

[manners2] 06/2/2009 13:40

how do I hedge the currency exposure though!!??

[manners2] 06/2/2009 13:05

if you want to buy gold how do you hedge the currency risk......surely if I buy an ETF in gold, which is priced in $ - then I am screwed when gold goes up becuase invariably the £/$ will work against me!??

[mustyair] 08/10/2008 09:59

gold futures at new high in sterling terms

compare NYSE gold futures with gold in GBP

[bangor] 13/2/2008 10:30

The best bet currently is PHAU which is backed up by physical gold and can certainly go in a PEP/ISA. See:


This is far preferable to those backed up by paper, such as BULL.

[melody9999] 13/1/2008 21:56

guys - is it subject to normal charges ie dealing charge + 0.5% ?

[fasteddy] 21/10/2007 15:21

Vraic, i asked my broker the same question and was told no i couldnt isa it, i own some in my trading acc and wanted to stick some away tax free in the isa shelter. So instead i opted for large diversified miners instead.

[traderabc] 23/7/2007 13:23

bluepill
I don't understand,I thought gold can only be priced in US $. Obviously it can be bought in any currency,but the $ 'value' is the only recongnised price for gold.

[bluepill] 22/7/2007 12:56

what about bull (etfs gold bullion?) not in dollars as far as I know

[fortyfive] 05/6/2007 15:16

meant to add, but 70% up in 3 years will do me....

[fortyfive] 05/6/2007 15:15

Bit of a dull hold at present. Hard to see it going down anyway but equally hard to make much off the back of GBS.

[traderabc] 30/5/2007 17:22

Agreed the metals are going to fly,just a matter of waiting. How come this thread is so quiet? Perhaps it is a good contrarian indicator.

[flateric] 30/5/2007 15:53

Turning up again...? Retracement indicators have been correct before...

[fortyfive] 23/3/2007 15:14

at least you can sleep at night holding GBS. Perhaps you really need a geared play on pog and that is spread bets or Newmont options.

[eenyweeny] 22/3/2007 12:14

I have completed selling all my GBS holding today. After all the ups and downs in pog I made a profit of £71.31. Wippeeee I can go and retire on the profits from my gold investments. My trouble with gold being I cannot see further profit in GBS for UK based traders. If you have a USD denominated trading account then gold could be offer a fair return.
But I'm out and looking for something a lot more profitable.
See you all somewhere else folks.

Bye

[eenyweeny] 22/3/2007 11:42

As in, the price you can see quoted above (on the ADVFN chart) is wrong! That price is the USD price. When you try to buy these shares you will be quoted in GBP (currently about £33.2931).
Just beware of this twist.

[eenyweeny] 22/3/2007 11:26

Hyper AL, be carefull mate. GBS is not what it seems!!!

You buy and sell GBS in GBpounds but the underlying price of gold is in USD. Therefore you HAVE to take into account daily fluctuations in exchange rate between GBP and USD. Just recently it's been poo! BECAUSE as price of gold goes up the equivalent USD/GBP rate goes down, so you get nowhere!
Especially as US govt must be so keen to keep lid on pog.
I've had a chunk of GBS for 7 months and in GBP terms it's stood still. Most annoying. (OK I could have made better timing of my entry points but that wasn't the point for a gold trade!)
I just thought you'd like to know.