HawkHybrid

imo it's just a weaker £.
at under $1300 it's not quite at the stage of forcing
margin calls on shorts.
 
HH

chartist price gold in usd(currently) cos they want to know how
the global price trend of gold is moving. pricing it in any other
currency just introduces more variables.
eg if £ drops by 10% versus $ and many other currencies. (for
arguments sake) £ has 10% inflation so £1.10 is required to
buy what was previously priced at £1.00. let's say gold goes up
by 5%(usd) due to uncertainty. gold in £'s has gone up by 15%
but only cos £ has weakened. the amount of gold required to
buy a tailored suit my now be 0.95 toz as opposed to 0.85toz.
ie gold as a store of value has increased by 5% and not 15%.
 
currently pricing gold in usd gives the clearest picture of any of
the currencies available. it's more a practical thing to price gold
in usd.
 
HH

chartist price gold in usd(currently) cos they want to know how
the global price trend of gold is moving. pricing it in any other
currency just introduces more variables.
eg if £ drops by 10% versus $ and many other currencies. (for
arguments sake) £ has 10% inflation so £1.10 is required to
buy what was previously priced at £1.00. let's say gold goes up
by 5%(usd) due to uncertainty. gold in £'s has gone up by 15%
but only cos £ has weakened. the amount of gold required to
buy a tailored suit my now be 0.95 toz as opposed to 0.85toz.
ie gold as a store of value has increased by 5% and not 15%.
 
currently pricing gold in usd gives the clearest picture of any of
the currencies available. it's more a practical thing to price gold
in usd.
 
HH

chartist price gold in usd(currently) cos they want to know how
the global price trend of gold is moving. pricing it in any other
currency just introduces more variables.
eg if £ drops by 10% versus $ and many other currencies. (for
arguments sake) £ has 10% inflation so £1.10 is required to
buy what was previously priced at £1.00. let's say gold goes up
by 5%(usd) due to uncertainty. gold in £'s has gone up by 15%
but only cos £ has weakened. the amount of gold required to
buy a tailored suit my now be 0.95 toz as opposed to 0.85toz.
ie gold as a store of value has increased by 5% and not 15%.
 
currently pricing gold in usd gives the clearest picture of any of
the currencies available. it's more a practical thing to price gold
in usd.
 
HH

HH

They didn't overstamp the coins but the dies. Ir's not possible on the coins if you think about it as the date and legend are raised.
Persoanlly I think it's a 3 over an inverted 3

misconception of charting. charting is not a crystal ball.
it's like counting cards in a card game. it might increase
your probability of winning overall, but is not guaranteed.
at any point the market can still go both ways, but the odds
of it moving in any one direction changes depending on the
'sum' of what has happened before that.
trading is a zero sum game. there must be losers for there
to be winners. hence everyone cannot trade using charts to
be millionaires(winners). 
 
HH

misconception of charting. charting is not a crystal ball.
it's like counting cards in a card game. it might increase
your probability of winning overall, but is not guaranteed.
at any point the market can still go both ways, but the odds
of it moving in any one direction changes depending on the
'sum' of what has happened before that.
trading is a zero sum game. there must be losers for there
to be winners. hence everyone cannot trade using charts to
be millionaires(winners). 
 
HH

on your chart, do you see the small body blue candle in early 2010.
that was the first re test following the breakout of the now support
zone ~$1000. the bottom of that candle doesn't actually touch
your support zone(shaded zone). you need to increase your zone
to include that re test. doing so would make the 2015 low another
re test of that zone. I'm not convinced it needs to re test that support
zone again.
 
HH
 

not always true. trading long and short is not the same as
buying and selling. I can borrow someone else's paper
metal and sell it short(at a cost) in the hope to buy at a
later date and profit from the difference. during the time
that I've already sold and have yet to balance my position
by buying a replacement, I'm net short with no counter
long. this is what the author is referring to. shorting as it
happens is bearish as it is selling. open shorts that have
yet to close(buy a replacement) is considered bullish as
short positions need to be closed to make a profit and
the short is effectively a contract to buy at a later date.
 
HH

https://www.gold-eagle.com/article/record-goldsilver-shorts
 
worth a skim/read. existing positions in shorts means
guaranteed buying potential as these positions will be
closed at some point in time. what constitutes a big
net short position is less of a science.
 
HH

https://www.gold-eagle.com/article/record-goldsilver-shorts
 
worth a skim/read. existing positions in shorts means
guaranteed buying potential as these positions will be
closed at some point in time. what constitutes a big
net short position is less of a science.
 
HH

it's flawed. eg
 
when someone buys silver they do not consume silver.
eg I buy a 1 oz britannia 2015, I then plan to sell it for
a profit at some point. I am not consuming 1 oz silver in
2015. the 1 oz silver is still available to be sold by me.
 
how has that helped the silver price since 2011?
 
there's too many ifs and not enough hard data.
 
HH

imo there's nothing peculiar or wrong with what happened
friday. my reasoning is this. silver follows gold. silver is
almost a fomo(fear of missing out) buy due to high gold
prices. gold has risen the month of january by a not
insignificant amount($100). it needs to either temporarily
trade lower or trade sideways for a bit to allow everyone to
catch up and accept the new price. traders took advantage
of the news on friday to make money betting on a fall in the
prices of both gold and silver. silver got hit worse because
it's more volatile and maybe because the american markets
dow etc also took a battering(2%). near term lower prices
were coming it's just a matter of when and what 'reason'
would trigger it. there is no reason for silver to rise yet and
people who saw this sold to use their reserves elsewhere.
the silver and gold cycles can be up to 40 years. in the
short to medium term (20 years or less) fundamentals mean
very little. remember that line 'it's not about what is true, it's
about what I can prove in a court of law'. fundamental injustice
will hold until it can be proven and proving something takes
time. until miners are forced to close the current state is likely
to continue.
 
HH

So i sold my 1911 proof (NGC PF65) making a small profit 
so i bought of ebay auctions 
1937 PCGS AU53
1902 PCGS PR62 Matte 
2005 full bullion sov
(few quid left over)
not sure if i did the right thing ?
let me know you thoughts what would you rather have?? ?
 

 

O, and someone delivered a few young heads 
Have an afternoon of sorting them now!
 

Another Johnson Matthey + Umicore Brasil bar arrived.
Think thats me officially done with stacking now
 

As per Andy Hoffman, weakness in gold price might be because traders are frontrunning the fact that the Chinese are going to be on holiday next week... They're back 9 October, so time your purchases wisely
 

£30 is +3% on £1000/oz
including delivery it's only slightly higher than hgm?
 
HH

I won a 2oz silver perth rooster from Chards in a competition! it arrived today with a nice note from them. I was very chuffed as I never win anything!
Thank you Chards

£30 is +3% on £1000/oz
including delivery it's only slightly higher than hgm?
 
HH

under spot including delivery for a cgt free coin,
good value 
 
HH

I would be uncomfortable calling the lion one
a bag mark. it's quite thick and not sharp, also
it's on a non raised area so more akin to a
scrape than a knock.
I agree with ss, very good find on the obverse,
but less so on the reverse.
 
HH

September's prize draw win,1oz Kook from ChrisSilver ,lovely coin thanks.
 
 

I know I do criticise these non regular pandas
but should the ground paving near the number
2016 not follow the perspective movement of
the wall battlements as opposed to being all
the same size and orientation?
 
HH