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British Pound & Gold

February 9, 2024 - Gold in British Pounds: all-time high!

"Fortunes to be made and fortunes to be lost...Of course, those who (as advised) converted their paper Pound holdings into Gold have been saved from a massacre."

£-Gold - note the slight price divergence between the Kitco quote and the Gold/Pound ETF ratio!
[Most Recent Quotes from www.kitco.com] Bullish Objective £ 2280
Resistance £ 1680
Support £ 1580
Bearish Objective £ 1580
Technical Pattern Bull run

 

PSGOLD pf1

Short Term Candle
Chart comment
 PSGOLD candle1
  • June 6, 2015: PS-Gold is ready for a new Bull Run
  • Jan 6, 2016: BEAR TRAP = extremely bullish
  • Jan 8 - Feb 4, 2017: Positive backtest and bull run
  • August 10 - Sep 12: Bullish it is. Only Britons with GOLD are SAFE.
  • Oct 10 - Jan 5, 2018: Only 13% to go for the all-time high
  • Jan 15 - June 8, 2019: We have a positive BREAKOUT
  • Jan 3 - Feb 5, 2020: End of backtesting and beginning of a new bull run.
  • July 5 - Aug 6: Bull run & all-time high.
  • Jan 4, 2021: Fresh Bull Run!
  • Mar 4 - May 10: end of Backtest, OVERSOLD and SCREAMING BUY.
  • Aug 11: Late Sunday night, $4 billion worth of gold was dumped onto the market during thinly traded hours. $4 billion...
  • Dec. 21 - Feb. 8, 2022: The beginning of a new bull run.
  • Nov. 24: Central Banks still rigging the Fiat Price while buying vast quantities of physical gold.
  • Jan. 1, 2023: Expect HIGHER Gold!
  • Mar. 24: All-time high.
  • May 19 - June 18: Going for another "All-time high."
  • July 13 - Aug. 31: Resuming the uptrend.
  • Oct. 5: no uptrend but a correction we had instead...Support level and oversold.
  • Nov. 6 - Dec. 11 - Jan.12, 2024: preparing for a new bull run....and a bull run.
  • Feb. 6: ???
Long Term Candle
PSGOLD candle2

Special Scale PF-Chart with £2,280 Target


British Pound in US Dollar - Potential Trend reversal of the Pound Sterling versus the US Dollar!

  £/€uro £/$
Bullish Objective
€  1.32
$ 1.68
Resistance € 1.18
$ 1.38
Support € 1.04 $ 1.22
Bearish target na na
Technical Pattern Bearish/Sideward
Reversal!?

FXB pf1

Short term candle
Chart Comment
 FXB candle1
  • Jan 6 - Feb 8, 2016: BEAR trend resumed
  • June 24: A BREXIT and a STOP LOSS!
  • Jan 8, 2017: Bullish Wedge maturing?
  • Jan 5 - 16, 2018: The pound has to break 1.38 to reverse the trend.
  • Sep 10 - Oct 9 - Nov 7 - Dec 7: BEARISH it remains.
  • Jan 15 - Nov 9, 2019: Support 200 & 50-day averages.
  • Jan 3, 2020: Positive election outcomes and Brexit are planned for this month. However, one should NOT expect a much stronger Sterling.
  • June 3 -Jan 4, 2021: Potential Bullish Trend Reversal
  • Dec. 21 - Apr. 12, 2022: This has become a BEAR TREND!
  • June 25 - July 14 - Aug. 5 - Sep. 9: still a bear trend.
  • Oct. 15 - Nov. 24: still a BEAR TREND!
  • Jan. 1 - Apr. 24 - May 19, 2023: Potential Trend reversal after Sell Climax points to a LOWER Dollar.
  • June 18: Question: Will the Sterling go for the US dollar or the Euro?
  • July 13: Breakout of the Pound versus the Dollar on the Short Candle.
  • Aug. 31: End of backtest and expect a higher Pound versus the Dollar.
  • Oct. 5: Oversold Pound...support level.
  • Nov. 6 - Dec. 11 - Jan. 12, 2024: Strong reversal versus the Dollar points to a WEAKER Dollar.
  • Feb. 9: ???? Dead Car Bounce?
Long term candle
FXB candle2


Pound Sterling and the euro

Britain on the Path to Bankruptcy. This is visible on the £ Gold chart. British citizens must be holding on to Gold. Britain's deficit is one of the worst in the World...

Short term candle
Chart comment
eFXB candle1
  • Jan 6, 2016: Bearish it still is
  • Nov 21 - Jan 8, 2017: It sure looks like a BEAR TRAP
  • Oct 10 - Jan 3, 2018: Or a BEAR TRAP?
  • Aug 7: Lower it will go...
  • Jan 15 - Feb 8, 2019: Sideward
  • Dec 13 - Jan 3, 2020: A potential breakout vs. the Euro
  • Feb 5 - March 10: Oversold and Sideward.
  • March 26 - May 10: STRONG SUPPORT & potential Bear Trap.
  • June 3 - Jan 4, 2021: Potential Bullish Trend Reversal vs. the Euro.
  • Dec. 21: This may become a BEAR trend.
  • Jan. 21 - Mar. 12, 2022: Oversold & Sideward!?
  • Apr. 12: Sterling is also turning 'Bearish' versus the Euro.
  • June 25 - July 14 - Aug. 5 - Sep.9: Sideward.
  • Sep. 26 - Oct. 1: Acceleration
  • Oct. 15 - Nov. 24: Sidewards
  • Jan. 1 - Apr. 24, 2023: Will the Pound and Euro strengthen versus the Dollar?! - Pound Sterling moves sideward with Euro.
  • May 19: Will the Euro "breakout" versus the Pound?
  • June 18 - Aug 31: Will the Sterling go for the US dollar or the Euro?
  • Oct. 5 - Nov. 24 - Dec. 11 - Jan. 12, 2024: Sideward...
  • Feb. 9: ????
Long term candle
eFXB candle2

The subsidy of Agricultural products was not allowed at the time of the EEC...

Britain will at some point default on its debts to foreigners (as it has done at least twice before); this is INEVITABLE because ALL countries eventually DEFAULT on their debts; it is only a question of when, i.e., in the next few years or delay bankruptcy for many decades and therefore results in the relative risks of default which the market prices. INFLATION is a symptom of the trend towards bankruptcy as it is a measure of the continuous COMPOUNDING loss of purchasing power of the currency. The best governments such as Britain have achieved is the slow stealth trend towards bankruptcy, where people don't realize the loss of purchasing and wage-earning power over time. However, with government debt heading towards 100% of GDP, Britain looks set to leave the stealth trend towards bankruptcy behind and about to accelerate a few notches higher, which risks igniting a wage-price spiral that ultimately ends in a hyperinflationary bust.


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