Kman

If I were bullish on platinum then an etf or miner seems like a much better way to go about it

Liquid, no vat paid, no tax on gains in an isa 

Not as fulfilling as holding but as an investment it makes a lot more sense 

Surprised no talk of BP Q4, I must admit they totally skipped my mind to check

BP eked out a modest profit, but it was just a fraction of typical pre-pandemic levels. Cash flow, which failed to cover dividends and capital expenditure despite deep cuts to both, raised more fundamental questions about the company’s ability to sustain investor returns. Shares fell as much as 4.5%.

https://www.bloomberg.com/news/articles/2021-02-02/bp-earnings-fall-short-with-pandemic-hurting-fuel-sales-margins

Anyone else looked into it more deeply?

Just now, HawkHybrid said:

so in your opinion, is it acceptable practice for byb to pump and dump his silver?

or would you be glad to recognise byb as someone with a little more integrity than that.

 

HH

You're equating what I said incorrectly

The advice and view points in bybs videos overall very sensible

But posting screenshots mocking people, screenshots gloating about views, being happy silver is going down - undignified

8 hours ago, BackyardBullion said:

When is it appropriate to do the "I told you so" dance?

Why would you delight in being right > silver going up? you sell silver, have money invested in silver and your channel views increased on the buzz around silver

You're laughing in the face of your clients and audience 

Odd

Unless we can produce short data we're guessing

Looking at twitter and data they're screenshotting theyre still 121% short

Or at least the float is short 121%, if that means something different

2 hours ago, HighlandTiger said:

I'm now laughing at the reddit crowd. My gut feeling is they've all been done up like kippers. The hedge funds have pulled out of GME and the only people holding this c**p stock are the retail investors. It isn't going to sky rocket, it's going to wander about a bit and then crash and burn. 

The winners? Gamestop, because they sold enough extra shares to stave off going out of business, and the brokers, fx providers and clearing houses who have made huge profits from the increase in trades. 

Losers? Anyone still holding GME stock thinking they are part of some sort of rebel army and thinking they are going to be rich. 

We will need to see what short positions are left 

Wouldn't gamestop have to announce a new issuing of shares?

From reading reddit and looking at the news

• WSB: hold $gme silver is being pumped by hedge funds
• Media: $gme 30% down! reddit movies to silver!

The media is hedge funds narrative so I would go with they're stuck in shorts still, badly

But we shall see and maybe there's some factual data

Volume is low today on gamestop

Reddit seems to be turning on slv

https://old.reddit.com/r/wallstreetbets/comments/l9gv98/citadel_is_the_5th_largest_owner_of_slv_its/

43 minutes ago, Paul said:

from another article on DM - next week is gonna be interesting 

Is doing a short squeeze on silver possible? 

I heard gamestop wasn't too bad because of the size but I'm not sure of the differences in how much money would need to go into silver to cause a squeeze

4 hours ago, HawkHybrid said:

you do realise that a short squeeze is the definition of a bubble?

 

HH

Saying it's a bubble aka the price does not align with the fundamentals of the asset

fundamental: forming a necessary base or core; of central importance

What is more fundamental than the maths of a short squeeze, that has become the fundamental of the asset

If you need me to explain any more simply just let me know

57 minutes ago, Thelonerangershorse said:

Gamestop's current SP is an artificial bubble and has no relation to the asset value or turnover and as such, HAS to crash soon, anyone brave enough to short it now could make a killing, BUT...

Always remember the saying: "The markets can stay irrational for longer than you can stay solvent"

This is a short squeeze

How I currently understand it is: hedge funds hold short positions

To exit those shorts they have to buy stock

Most /r/wallstreetbets people are holding or buying and not selling

The hedge funds have to pay interest on the shorts they're holding, the higher it goes the more they pay, they're desperate to buy to be able to get out, when they do manage to buy it drives the price up

Hopefully there's some verified data out about just how many short positions are left

If you look at gme volume its pretty low

This site says theyre still almost 98% short - https://financhill.com/most-heavily-shorted-stocks-today

I don't think anyone wants to sell, they don't need to, the shorts need to buy

I don't know what the final mechanics of the outcome will be but it looks like hedge funds bust, retail rich unless the government step in 

If I wasn't a coward I'd throw in a decent amount of money 😎 they have them and they aren't letting go

Volatility etf might end up being a big winner 

7 hours ago, Liam84 said:

 

50 billion lol

The loss of 2008 would have gone into trillions

9 minutes ago, Altitudes said:

I honestly think them all being 70's is a bit of a downside. A perfect grade like that needs lesser grades in comparison to carry a premium.

Didn't the Alderney Una and the Lion do fairly well though? Obviously not as crazy as the RM but still went for multiples over sale price?

I always thought it was people mistakenly thinking they were getting the real deal rm version 🙈

3 minutes ago, Stacktastic said:

Oh OK. sorry I was not familiar with 10.

It seems to be relentless to be fair. its bounced back nicely today. 
I still feel it might fall again.

Vaccine news is great as it was a false hope.
Your 100% right about markets being emotional. 

Based on that you can manipulate it.
I bet there are old time traders making a killing on a monthly basis right now. 

Sorry £10

1 minute ago, Stacktastic said:

Analytics is all good, but if oil hits $70 a barrel it will skyrocket. We wont be locked in our houses for the rest of the decade* & oil is not only required for societies (& controlled by seriously powerful people), but its also tangible (so useful in an economical shitestorm) and even used as the national currency in some places - or the currency is based on it. Based on that Im in.

*Or will we ....👻

Yes what I meant was when 10 was broken that would signify a positive change, that would be the start of the price recovery

What I got wrong was wanting the recovery to start on fundamentals when speculation, in this case news of a vaccine, was always likely to front run

1 hour ago, KDave said:

Tesla are part of the bubble but you are right, money was there to be made. Easy to see in hindsight, but I always seem to call bubble too early every time. The trouble of being over analytical and looking for a reason for it to go up - you would think by now I would have learned that reason is only a small part of the market.

100% spot on

Speculation and then momentum can carry things a long way before any fundamentals enter the picture

I drew in a bottoming pattern for Shell with a top at 10, I wanted fundamentals to bring it above that an as entry, vaccine news sparked it to life and I wasn't interested because it was rising from speculation, but speculation was always likely to front run real recovery in demand

In certain situations it's better just to go with the tide whether you think the move is sound, too soon or anything else

You could call the Royal Mint versions modern replicas

Are the Alderney a replica of a replica?

£499?! 🤯 for this

I assume you guys know what you're doing but I just cant see it, seems bonkers

Do Alderney coins have a history of doing well?

Feels like an expensive knock off

This is my current broad view silver chart

Drew in the blue line then replicated it

Over the past few months the highlighted area has been a good spot to buy which is about a $1 window, currently $23-24, will it stay like that no idea

And other than that these two lines have come into play

13 minutes ago, DarkChameleon said:

So,you think the economy will get 50% worse in two years then it is now?, what do you think will cause it to get worse, a failed all together vaccine?, even more unemployment?, the only thing I can see making things worse would be evictions and bankruptcies that have been stalled through the pandemic which would id think drive metals down as people sell off anything they own to survive.

I think banks and large money will further position into safety instead of lending or investing into the real economy

A next trigger could be covid vaccines failing yep or an insolvency crisis or liquidity, nothing has changed since March; the world is too connected, maybe the US might handle things great from here but if dominos start falling in Asia or Europe everywhere else will come down too

Maybe it will just be government taking their foot off the gas with stimulus and mortgage holidays and loan deferrals as you say, I'm struggling to see how they're ever going to stop doing it

Or maybe it will be problems in some global money markets I don't understand

19 minutes ago, StevenK said:

Some people have been suggesting gold prices could drop by 50% over the next two years.

To think gold will drop 50% you would have to be incredibly optimistic that the global economy is going to bounce back

I could see gold maybe coming down 10-15% in the short term as stimulus and vaccines hopes continue

But for all the problems under the surface in the economy and monetary system it seems far more like gold will be 50%+ higher in two years

16 hours ago, OldNick said:

Very interesting thanks for posting that, now to find a way to forecast 10 year inflation securities 😀

They're roughly the same as normal treasury yields which historically only go down

This is 10 year inflation securities, 10 year yields and gold (orange) flipped vertical to see the correlation

If I had to guess I think they will rise modestly from here bringing gold down until at some point an event happens, whether that be an insolvency or liquidity crisis or both, which will again plummet yields and get gold going again

, 

I don't think it's anything to do with crypto

I've posted this before but my guess is that banks or other big financial institutions have a program running tracking 10 year inflation securities

When they go lower it triggers gold buys, when it goes higher it triggers sells

gold can get a little bit away due to speculation or for short term fear but this chart is just undeniable 

Yields have been rising lately (modestly in the big scheme of things) on senate seats and what that means for fiscal bills being passed

51 minutes ago, dicker said:

Right getting this back one Gold in GBP:

Biden has just said that his first priority is stimulus.  This = lower dollar = higher prices in GBP.

Does stimulus hurt the dollar?

The US isn't the only country doing QE and stimulus, how does that effect those countries and their currencies?

Isn't the EU passing stimulus bills? why is the euro elevated?

55 minutes ago, Paul said:

 

That is totally wrong to the point of being annoying 

2 hours ago, dicker said:

I have been looking on:

I wanted to get a graph of Gold in GBP and BTC updating at the same time but I don’t have @Kmanskills!

 

Not sure what you mean by updating, just overlayed or live?, you can get a chart of gold vs bitcoin live - https://uk.tradingview.com/symbols/TVC-XAUBTC/

If you overlay gold on bitcoin in pounds it's a bit misleading because they're relative to themselves

The big gold (orange) move up is 35% but bitcoin (pink) is 450%

If you overlay them as purely percentages gold looks like a flat line because bitcoin has gone up so much