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Martin1983

Member
  • Posts

    142
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  • Trading Feedback

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    United Kingdom

Posts posted by Martin1983

  1. 50 minutes ago, stefffana said:

    I don't think so. The geopolitical and macroeconomic conditions are different now. 

    I can not see gold again under £1400. 

    I think will go up again soon over £1500. 

    I think gold has found its new level around the 1450 price but for house long, last time I bought above 1300 it went down to over 1200 so who knows, just to let you all know, I am about to make a bigger purchase tomorrow so gold will most likely collapse after that ha 

  2. 9 hours ago, timsk said:

    I'm looking at the best deal for a monster box of 2022 silver Britannia's and the prices from Sharps Pixley look to be about the best, followed by Chards and Tavex.  The issue is timing! I've taken the gamble that spot would drop to the £16.00 mark and had it in mind that as this is a clear support level I would buy when it got there. Now that it has, I'm hesitating! There are three factors that are causing this, so I thought I'd share them here to see what other members think: is my reasoning sensible or waaaaay off track? Here goes. . .

    1. The Ukraine war. Spot price rose at the start of the conflict but failed to breach the Feb' 2021 high - let alone the Aug' 2021 high before that. As and when we hear talk of a settlement - hopefully soon (please god!) - I think that will have a negative impact on price as the threat of nuclear war recedes. Safe haven - risk on : risk off principle.

    2. I expect that inflation and recession to get much worse, which will result in a worldwide downturn in economic activity, i.e. a falling demand for PMs - along with everything else. Falling demand will be reflected by a falling price.

    3. Looking at the weekly spot chart below, we can see that price has flirted with the £16.00 level repeatedly over the past year or so, with relatively few bullish moves, so downward pressure appears (to me) to be dominant. 

    Taking the three points together, I'm now thinking a move even further down is more likely than a full blown reversal that sees spot sky rocketing. I think that will happen eventually but, in the meantime, I'm inclined to sit tight and wait and see what happens. As I say, I'd be interested to hear your thoughts?!

     

    XAGGBP_2022-07-06_10-42-21.png

    Why not just buy uta already hovering around that price, I’m looking to buy some 1Kg bars and more gold soon I think gold has further to go down

  3. 1 hour ago, LawrenceChard said:

    Well, I don't use Instagram, Twitter, Facebook, etc., so No...

    But If you "Like" this photo, I could send you same spam:

    GoldBullionUngraded500GramCastBarNewMetalorobverserop.thumb.jpg.69d1224023190f370554cab445b644d7.jpg

    P.S. Want a great deal on one?

    😎

    Yes 

  4. Instagram seems to be the new place for scams on silver and gold, has anyone else’s been receiving messages when you like a gold/silver bar or coin picture 

  5. 12 minutes ago, stefffana said:

    If you are not in a rush, you can find on forum around £1500 posted

    12 minutes ago, stefffana said:

    If you are not in a rush, you can find on forum around £1500 posted.

    That’s fine I am just not comfortable sending that kind of money to someone I don’t know 

  6. 28 minutes ago, Gruff said:

    So I didn't see this yesterday... but :o 
    Spanish PPI 46.6% YoY


    image.thumb.png.39e5751c35cabfdbb8623d48ce2c5080.png

    There is only one outcome for inflation at levels like this. It does also mean that CPI is waaay higher than reported, but then we know they fudge the numbers, include the PPI figures.

    This is unbelievably high, goodness me, I try to listen to various people on how this will play out and track this inflation issue but who knows what happens in the months and years ahead 

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