Buying gold & silver?

I took some profits last Wednesday while keeping below the CGT threshold, put the money into my S & S ISA to max it out for the year and used the money to buy shares in a physically backed gold ETF to maintain my exposure to gold.

Gold crashed two days later :cry: Oh well, hindsight is a wonderful thing.

I'll stick to the plan, leave it there until we hit the new financial year in April, then sell the gold ETF shares and buy back into physical vaulted.
 
Click to expand...

Gold is often measured vs oil because of a long standing link or ratio. Here the high means silver gained more, the suggestion being energy in ratio is going to recover with high prices. Mining uses a lot of energy, an oil price boom can mean some mines are not profitable but we're a long way from that.
The top chart, the point is AI uses energy

4800 for Gold could decide or indicate if we're to lose the trend up or even start a trend down. I guess up but its unproven, it might be next week or further till resolved
 
From someones vid, this chart is just trying to demonstrate a trend change with metals outperforming. I do generally think of BTC as a commodity market so I think its a fair take:
5jchAU83_o.png
aphG1gfg_o.png
Click to expand...
This year the average gains had a bias to metals, prior Bitcoin dramatically outperformed most things in a ratio as the ski slope gradient shows.
 
You must log in or register to reply here.
Back
Top Bottom