HawkHybrid

9 minutes ago, sixgun said:

What are you talking about?
Why are you posting charts from Bullion-by-Post and talking about candlesticks?

i know why i have you on ignore - i made a mistake; i looked to see what you posted. Don't answer - We will never agree on almost anything.

it's no wonder why @Kman got fed up of posting chart updates.

some people are too amateur to recognise simple chart formations/patterns.

HH

26 minutes ago, Zhorro said:

Well, after the "flash crash" at the start of the week, the gold price is now higher than it was before the crash (so far up 0.94% on the week).

on the contrary to breaking rules for creating a big drop, if you look at the candlestick weekly

chart, does it look like we are forming a bullish hammer reversal?

(that's if the price holds until the end of the week)

a bullish hammer reversal is a very normal/common market occurrence that happens in many markets.

not just gold and other precious metals.

HH

Just now, sixgun said:

The dump of $billions in gold contracts over a matter of a few minutes breaks the rules

rubbish, which rules does it break except for your personal rules?

HH

14 minutes ago, Zhorro said:

As I said, most rational people would want to achieve the best price for thier assets.

traders are not rational people. (not in that sense anyway).

if those youtubers knew what they were talking about, they wouldn't get it so wrong time

and time again.

if you go through my scenario it makes perfect logical trading sense.

those that are ignorant of the trade will think at first glance that it makes no sense at all to

sell gold when it's just getting into the exciting part of it's bull market.

don't think in isolation. precious metals is not the be all and end all that gold bulls,etc like

to think it is.

HH

let's have a pretend scenario:

I ask a crystal ball.

me: are we currently in a multi year gold bull market?

crystal ball: yes.

I rush to put all my money into gold.

upon some thought I ask the crystal ball another question.

me: how far into the gold bull market?

crystal ball: halfway through.

upon hearing that, I sell all of my gold... why?  

and no, the answer is not manipulation.

HH

3 hours ago, Zhorro said:

no trader would ever sell into that if they wanted to get rid of gold in an orderly way...

similar to how someone would sell an item quickly and cheaply, in order to buy something that

they believe would make them more money. all markets can be 'irrational for longer than you are

solvent'. a poor understanding of markets that leads to the conclusion of manipulation?

HH

37 minutes ago, LawrenceChard said:

I would be happy for you to organise one.

I believe I normally write clearly and without ambiguity. I am intrigued to know what I said which you appear to have misconstrued.

there's no ambiguity about it, but it will only be you and me whom would vote that you were right.

I can see all other forum members voting that you were wrong. (let's not allow facts to get in the

way of a vote).

it is said that scientifically a tomato is a fruit, but culturally you should not mix it into a fruit salad

with the other fruits. some people will recognise this whilst others will demand a change in all

relevant cultures, so to be 'corrected' by the science.

HH

11 minutes ago, LawrenceChard said:

I think that makes me right, unless we are being Alice Through the Looking Glass.

29 minutes ago, HawkHybrid said:

some people would rather bend every truth out there than to admit that they were wrong.

if it came down to a democratic forum vote then there will be a landslide vote that you were wrong 

HH

53 minutes ago, LawrenceChard said:

Why all the discussions about why, what caused the drop, inflation, etc.?

some people would rather bend every truth out there than to admit that they were wrong.

the fact that you were suggesting that silver prices were likely up due to hype not so long ago,

and hence the fall back... not important because they must be right and you must be wrong.

so now all of the 'explanations' of how you were wrong is coming out.

HH

18 minutes ago, modofantasma said:

Peanuts are down, that'll balance it out

 

one of the most important figure is that rice is stable.

there are pockets of stability such as sunflower oil.

people are flexible, it's not about averages as people will flock towards the most practical options.

HH

2 hours ago, Cornishfarmer said:

The silver and gold markets show how rigged the system is, everything is exploding in price except for pm’s.

oil also dropped yesterday. ~1.4%.

1 hour ago, Uksilverstackers said:

Definately rigged.

Looking at A Silver / Copper chart, something has changed around the 20 July 21 as Silver inversed from copper. May be just a glitch or something more, I have no idea.

 

that is because copper is more weighted to following the group that included the us stock market that rose yesterday.

it's like how gold made an all time high in 2020 but silver did not. short term divergence happens all the time otherwise

they would be 100% correlated and not 60+% correlated.

HH

2 minutes ago, Bigmarc said:

Nfp?

us non farm payroll figures

HH

18 minutes ago, Allgoldcoins said:

All the Canadian sovereigns are worth a punt, low mintages makes them great value (obviously except the 1916C)

the rumour is that many of the canadian mint sovereigns are not as rare as was initially thought.

ss has a thread on it in the premium lounge.

HH

3 hours ago, GoldDiggerDave said:

Back then a sovereign was worth £3 so in 64 years its increased in gross therms 103 times.

an average increase of 4.1% per year.(although this does include the time frame of 1957-1971)

HH

17 hours ago, Floyd1504 said:

I was going to answer it, Roger, but I didn't want anyone thinking I was a crazy conspiracy theorist.

I think the prices are being manipulated by the Federal Reserve and other big players.

you have to have done something crazy in relation to conspiracy theories to qualify to be called

a crazy conspiracy theorist. most people just repeat misleading information as you have just done.

15 hours ago, Floyd1504 said:

I can't remember who it was in Canada, but they were caught manipulating the price of PM, with a fine of around 100 million and JP Morgan Chase were recently fined over 920 million for manipulating the prices. That's nothing to them though. I'm sure they were back at it straight away.

jp morgan have historically been fined for manipulating the silver price - not the whole truth.

Quote

The charges against JPMorgan and its subsidiaries were for "manipulative and deceptive conduct and spoofing that spanned at least eight years and involved hundreds of thousands of spoof orders in precious metals and U.S. Treasury futures contracts."

https://www.nasdaq.com/articles/jpmorgan-to-pay-%24920-mln-fine-for-manipulating-precious-metals-treasury-market-2020-09-29

the fine included manipulation of us treasury futures contracts. not just silver.

also manipulation means moving prices both up and down in order to make a profit - not just

down(which is what you would expect if the conspiracy theory was true). only ever moving

prices down is called price suppression(not the wording that is used here). did jp morgan

manipulate silver prices? yes. did they manipulate other things in order to turn a profit? yes.

what is so special about jp morgan manipulating silver? nothing, they have and would manipulate

any other market if they believe that they can get away with turning a profit this way. the only

reason to take the silver manipulation out of context is so that it can be shown as proof that the

elites are suppressing the price of silver.

do you still believe in these half truths or are you prepared to read a little into the details?

(you can make half truths say whatever you want if you are prepared to omit whichever part of

the story that doesn't suit your stance)

HH

the dec 2015 first rate hike(after many years) resulted in gold bottoming and creating it's peak in 2016.

HH

gold/silver is treated as an asset?

would you not be bartering rather than selling if no currency is involved?

HH

2 hours ago, Richym99 said:

How is it that very few will judge the grade of a coin based on a photograph, but many are happy to pronounce a coin as likely a fake based on the same photographs.   

grading requires being able to see very fine detail or the lack of it, (note the use of the loupe).

also people can't even agree with grading coin in hand let alone pictures. grading is an art.

where as any visible problem with a coin(big or small) is an indicator of a fake. a coin is either

genuine or it's not.

HH

6 hours ago, metallica73 said:

Just trying to pick some winners that can hold their numismatic value - e.g do we see the premiums on the rwanda series or the queens beasts maintaining itself over the years.

imo spot the odd one out:

queens beast series

perth mint lunar II series

perth mint koala

mexican libertad

britannia

HH

what is inflation and what is price premium?

it's claimed that america has printed 40% of us dollars since covid. (+66% printed).

yet cardboard is claimed to have risen by four times(+300%).

how much of what people are experiencing are price premium hikes(due to supply problems)?

HH

1 hour ago, Mcgrimes said:

I’m not certain that makes sense, you pay for the weight of gold so the fact one is 22k has little significance.

 For me it’s all about whatever is cheapest per gram

technically the more refined it is the more valuable it could be. eg 999 silver versus 925 silver.

... I vote sovereigns

HH

31 minutes ago, eblend said:

Yes, but my point is that their figure seems way too low - by a factor of at least 3 - on any reasonable measure you can find.  And if buildings have gone up more, then the figure is even further adrift from where it should be.

using the calculate difference in % inflation using the different figures, it's 1.1% for the extremes,

(which include non inflation factors priced into the trading value of sovereigns). even at 1.1% that is

within what the variation in long term interest rate at 4-6%. it only looks big, there is nothing wrong

with figures that show a variation in inflation of 1.1%. the effect of compounding makes it look like it's

very wrong.

are the cheapest houses in the uk(under £100k) 2.5 times inferior to that of the average house in

england(£250k)? how much of it is location specific? how much of it is down to inflation?

HH

2 minutes ago, eblend said:

True.  But I wasn't going by any average of annual inflation.  I was taking it from purchasing power statistics, which measure (or purport to measure, at any rate) the real inflationary effect on the currency over specific time periods.  I suppose it is possible that the monument's own site used some sort of assumption of annual inflation.  In my opinion, a reasonableness check on the eventual figure should have alerted them to the sense that they had miscalculated somewhere.

they could be using historic data.

prices for buildings have gone up more than average inflation in recent decades.

ie the current market value for buildings are higher than it should be if it was only inflation.

HH

2 hours ago, Spark268 said:

However, 16,154 sovereigns, priced at their bullion value of £308, that amounts to £5mln. The 712k sounds a bit low to me, as it took 6 years to build, with heavy stone that had to be carved with intricate details in a prime part of Edinburgh, £5mln seems more reasonable.

57 minutes ago, eblend said:

Having said which, I calculate that the value of £16,154 in today's terms is £1,931,737, so someone's calculations are a bit adrift somewhere, especially since just the cost of restoration works in the 1990s was £2.36m.

£712k gives an average inflation of ~2.2%

£1.9 million gives an average inflation of ~2.8%

£5 million gives an average of ~3.3%

the difference in numbers look big but the actual change in inflation % is not all that big.

HH

26 minutes ago, Liam84 said:

I would warrant few or possibly no modern construction companies could build such a thing. You'd likely be looking at a very specialised team with the associated rates of compensation. Modern building, though clever with what can be done with materials science and applied mathematics, pales in comparison to these beautifully intricate older structures.

the problem is that you not comparing like for like.

how much does it cost to produce a masterpiece identical to the mona lisa?(nigh impossible?)

yet it's these standards that people judge modern inflation calculations by?

for a fairer comparison,

let's say you compare a candlestick lantern versus a torch.

an identical newly created candlestick lantern is going to cost a bit more than an equally performing torch?

using things that have an artistic nature results in difficult comparisons. if nothing else, people can't even

agree on the grade of many coins.

HH