Stacktastic

Certainly do - how is this for a premium beauty?

Yes - one of its seasonal traits. It excels in Sept & sells off again in October I think? Correct me if I am wrong. I am guessing golds uptick and silvers downtick is due to CPI & weak Dollar isnt it??

Doubt it - Im surprised it has not gone higher earlier as it usually rally this time of year I think? Hoping to add to my paper gold before Nov Ideally double my position (currently 2.5% up). I have decided to trade it for now, especially the miners. I would not mind buying more physical at some point. I still think we are teetering on the edge of a sudden collapse. Its too quiet. Not in gold really but in banks, nations & equities in general connected to it all. Just hoping the miners get a dump also & maybe even gold contracts in paper & especially silver. Im sitting on cash as I sold my gold so i might be hoping here.

You are all rich (Im not as I sold most my gold). WTF is going on with BBP:

Its looking that way as Gold should be doing well by now - I thought it would be back up to ATH. There is usually a seasonal sell off soon isnt there? October isnt it? I am hoping that yields stay high & everything goes back to normal & gold gets forgotten about again for the next 5-10 years. Gold at £1,224 judging by how dumb humans are and easily lead by the crapp they consume & believe. Lets start with all the people that watch Jim Cramer and go from there!

He must be a genius! I am a stock trading pleb & I have 3x leverage shorts on the following: QQQ NIVIDIA (2 different ones) AMD SEMICONDUCTORS APPLE S&P TESLA NETFLIX MICROSOFT A lot of them dipped into the green this week (Tesla at 14%) so I can sleep better now.

exactly what i was thinking. Or locking them in on a safe deal while the economy falls apart. Ie make a slight loss on the competition but have more stability to offset thier more iffy lending!! Is this advisable then? I might do that than fanny about with my rum and my stocks and stuff. I think i set it for 17 years with 10 years fixed. having a house in 10 years might make more sense, but not if its worth half the value - thats a real issue to me as they are so over valued. Or why bother if I will own nothing and be happy??

Flipping hell I am so grateful that I fixed for 10 years at 2% now!! I was lucky my 5 year ran out in 2021!! I wanted to fix it at a lot less in 2020, but not sure the penalties would have been worth it?? Thanks to @MancunianStacker btw. my mortgage man.

I have $22 if the CPI is not great tomorrow. I am a buyer at this level on paper anyway. Palladium also setting up nicely. Energy up good & the markets wobbling slightly so its an interesting set up we are moving into. I am hoping for some decent drops in the mining stocks - looking like that might be a possibility.

IMO he got too well known too quickly and I think he got a bit cocky for a moment, but it seems to be pulling it back in as he has a new assistant that will probbaly take over key parts of the operations. I bet he makes more money from the subscriptions than he does trading at times. I joined in the quiet patch, but they tend to do more chat and education so I learnt a shitte load, especially in the afternoons as people ask questions.. Too many dumb ass speculators - I am one of them as its very easy to think you know it all and make an emotional decision or not know the full picture and loose out - Im £550 down this week as Polymetal came off the LSE and 212 liquidated my shares!! The other 4 miners I own are also well in the red from 2021 speculation. I am hoping a major decline in miners this year & then a super bullish multi year rally as the deep state turn on its 'you will own nothing and be happy' BS.. Back on subject can anyone help me with the seasonality of gold pricing?

Thanks. Yeah he is no genius, but he is very honest when he is a bit off or makes a mistake - I am betting his negative reviews are from people that have not understood his service & made bad errors or have never signed up for his service. The one thing I have learnt from him is to start with a small position size as its very easy to blow up the account when swing trading. I have made very few losses - i guess 1 out of 100 - so it shows his stock service works. I cant comment on the crypto thing, but I found his day trading room stressful & you need a big account to make it worthwhile as it saps your soul!! I have listened to his 10 min round up every morning for a year and a half and sat in on his whole day live trading room for 2 months solid so have a pretty good compass & he is at least 80% correct if not more, especially with macro. Your correct with Bitcoin, but I can still see one major flush in that & no one saw the banking collapse and all the funny money that got injected back into the economy. He was wrong on a few other bits but nothing substantial. On topic - Im not sure about gold really - its a toss up on the economy, but as you say it is (I think) a controlled demolition to bring in cbdc's - just like in 2020 - create the problem, get the reaction and then bring in the predisposed solution. My gut says it will go up decent and then sell off towards the end of the year / early next. My prediction is £650 gold by next February. 😛

There are a lot of people bullish on gold at the moment, even Gareth Solway said he bought physical yesterday afternoon. Can anyone remind me what the seasonality of gold is and why please. Also the seasonality of gold miners - ie when they usually sell off. I know tax loss selling was a reason it sold of in 2021. Chinese new year, mines shutting for winter - stuff like that. I am seeing a major dump in the markets coming - so am sitting and waiting to make the most of it. I seem to remember sept/oct was a good sell off time for miners? So if that comes with a general market sell off then gold ETF's and miners should sell too.

A hike was factored in by the markets - nothing shocking happened so nothing changed. Silver is industrial so if there is less sign of a recession it will do OK. Recession then it will tank as demand will go down. Forward thinking of course. We are going into one within 12 month anyway I think.

Doubt it. probably supply and demand. People are more strap for cash. Might start looking again. Can anyone remind me of the newest ones or collectables that have some out. might also start looking at the more expensive ones - whats the best option?? Tryptech etc.

yeah thats not good, although the rise in Silver was due to emotions on the banks. Its good for a drop in gold though, but the dollar & bonds are showing thier cracks. I have a live interview tomorrow on the economy, the QFS & Nesara Gesara so swatting up The BRIC's are really showing strength. Good for them if you ask me, not so great for Europe though.

This reminds me why i sold my coins and hold bars instead. .

sorry meant to say 'arr to be sure' - irish thing.

You mean 'Sure to be'. 🌿

I have to say yes if they keep tightening - commodities are set to go through the roof judging by other historical cycles. There is also so much macro going on let alone a broke west - esp. USA. i think people would have to be nimble with silver but it could break out for a bit. Thats kind of the point you sell the metal to buy cheaper assets - like stocks - on a fire sale.

Yes and no. its still very cheap i think in relation to future spot prices - but Im not sure if it will ever break out. Personally I would buy silver under £18 per ounce as a compound basis. One major thing to consider is we are hitting a global financial reset & a potential serious recession. Silver is an industrial metal & if the economy stagnates it will. There is also a big possibility of a major deleveraging event in the markets. Most if not almost all silver is on paper as a derivative - so it will dump as well. I am foreseeing £15.50 prices again on major dips & £10-14 in a real crash. I'm no expert but what I see is the banking issue rise were very much emotional with silver. That also adds more to the deleverage thesis as longer term options expire as people might have bet on a bigger collapse.

Its up to the individual if you ask me - especially just a few KG. And they expect it just like fags and booze & allow that as its not a threat to thier extortion racket. I follow laws and rules when they feel right personally or make common sense & are respectful & decent.at that time. A bit like driving 40mph in a 30mph zone at 5am in the morning where there is zero people or traffic. I rightly deleted the last 3 paragraphs, but feel free to have a look in edited. Thats my lot.

I have thought about this as I have people in Poland, but found it cheaper and less risk to wait for decent crashes and buy on here as everyone is not VAT registered. & as far as i know its second hand and the VAT has been paid. Is that right? No doubt though that the price has gone up to cater for the VAT on newer stuff & people that stacked prior to VAT are cashing in on that a bit. I went on the going rate when I sold a lot of silver in March when everyone crapped it on the banking BS.

Good they can stop with the high premiums! This is especially the case if they buy sovs at well below spot off mugs and sell them 6-8% over spot like BBP. Cant see a pivot anytime soon though - but bonds are still doing well - so hopefully we could see £1400's. Mid season & it usually dips though.

I know this is a gold thread but do you think Palladium is undervalued now?? I have not gone there due to internal combustion engines being removed. Cant believe its almost at Platinum levels? A cheeky £500 in a ETF might be in order is my thinking.

I dont like coins as they can milk spot and degrade, but I do collect the beast proofs and QB sets. One thing with tubes is they are great bartering coins if things ever get that bad. Soverigns & fractional much better for inflation over time as there is no guarantee the silver price will break out (same price as in the 70's)!