I'm guessing gold and silver went up for fear that there wouldn't be a peaceful transition of power in the US

Now that's all but assured they're easing off

36 minutes ago, Paul said:

Kicking off in America - gold on its way up again 

Apparently storming the capital is only worth a 1% move up in gold and 1% down in spx500

Weird market 

Oil is up strongly today, maybe because of Saudi choosing to reduce production - https://www.bloomberg.com/news/articles/2021-01-04/oil-extends-losses-after-opec-talks-suspended-without-decision

Sometimes I think we're just trying to pin news to certain happenings in the market to make sense when really it's bigger stuff happening internally, who knows, but assuming it is the Saudi oil cuts..

1. Saudi cut oil production because they don't like what they see in demand
2. Causing price of oil to rise
3. Causing people to rush into oil stocks

They aren't cutting production because it's a great time to be in oil yet the end result is people jumping into oil stocks like this is a great time to be in oil

I guess the end result wrongly or rightly is it's a great time to be in oil stocks, even though it's not, but it is so it is

1 minute ago, AndrewSL76 said:

In the balance of ending free movement and 'taking back control', is the ending of VAT/free trade a weight too much, or is it actually bearable and you are happy to be in this position now? 

I'm hoping (probably too optimistically) that there will be some flexibility and if things aren't working changes will be made - a lot of this VAT stuff seems more damaging than productive 

25 minutes ago, goldmember44 said:

Ah William Wyon's design... Is there confirmation that it will be released next year?? 

https://m.thegazette.co.uk/notice/3696036

I think we're all hoping January but not sure if that's confirmed

The RM had a sign up if you're interested page for it so that suggests should be soon

3 minutes ago, kimchi said:

I would say the Bonds might do better longer term, but the worry for the franchise is that the next 007 is female.

Be like slapping a meat and two veg on a Una.

Wouldn't it be wonderful and progressive if it was Leslie Jones 😍 or Kelly Marie Tran

1 hour ago, Happypanda88 said:

I see QE to infinity in the years ahead. It will be a race to the bottom for all major currencies.

On 01/01/2022,  gold will probably be at £1610 ! 😮

Please read my money printing myth thread 

Some countries might be different to the US federal reserve but if you look at UK government bonds (gilts) 30 year yields they're still about the lowest they've ever been; if anything the BoE was doing was deemed inflationary, even if QE was artificially keeping interest rates low in the short term, then that inflationary potential should still show up in higher long bond yields but it's not there

7 minutes ago, Paul said:

 hindsight is a great thing.  to think the silver was around a week plus (if i remember rightly)

I reread the first few pages, there's a post from me on 2nd December

I think it came out 25th November? so it was probably ~3 days to sell out

On 15/12/2019 at 16:50, Kman said:

My guess is the price will settle around £250 and then £300 in a years time

Not my best guess 

The articles from Jeff Snider sum it up well 

 https://alhambrapartners.com/2019/08/30/gold-big-difference-which-kind-of-hedge-it-truly-is/

https://alhambrapartners.com/2020/07/21/exposing-the-golden-lie/

Because I don't think things are going to go well in 2021 or governments are able to fix the current monetary system gold is only going higher long term

It might have a period where it will get sucked back along with everything else but wealth is going to pool in it for safety 

£1700+

7 minutes ago, WILLIG666 said:

As mentioned earlier $900 billion 😷 

Everything is going red other than the dollar, including gold and silver now in $ after silver was  up 5% earlier

There's zero positive reaction to stimulus

VIX is spiking 30%, oil is down, yields are falling

This is fear 

The only things doing well currently are other currencies vs gbp

46 minutes ago, jultorsk said:

Seems US agreed on a $900bn stimulus package. Ho ho ho. 😇🎁

https://www.speaker.gov/newsroom/122020 

I'm 99.9% this isn't a stimulus news move

It's not like this has come out of the blue and this is quite a move for silver especially and the dollar isn't falling, it's up in fact

With oil being down too this seems much more like a fear based reaction, maybe due to new covid strain, maybe something else is up in the deep banking system and we're just assigning news to correlate, who knows 

2 hours ago, RedDragon77 said:

Attempting another Mad dash to $25!

PMs seemed be going up in anticipation of the Fed meeting 

They just released a statement that said business as usual really, same amount of QE, aim for 2% inflation etc

I guess gold and silver were hoping for something different because they're falling back a bit now 

My favourite Jeff Snider talking about oil news today and comparing 2017 inflation hype to todays - https://alhambrapartners.com/2020/12/09/inflation-hysteria-2-wti/

Oil inventories in the US up to 15 million barrels, I don't know how that's even happened with the reduced production, demand must be very weak

https://www.investing.com/economic-calendar/eia-crude-oil-inventories-75

5 minutes ago, HerefordBullyun said:

Rick rule believes that platinum was suppressed due to the Volkswagen scandal that platinum was used in helping stop emissions and it gave the metal a bad name. He believes that view has changed and there is more thirst for it now due to the industrial market usage and the green energy sector.  That said he did mention it's not without risks because a majority of its production is either in Africa or Russia which is subject to government and policital disruption. 

Thanks you saved me listening  

1 minute ago, HerefordBullyun said:

If you listen to that podcast I shared Rick rule is bullish on platinum

Why?

Latest h8 data - https://www.federalreserve.gov/releases/h8/current/default.htm

From the data in October to end of November they increased treasuries by 136 billion

Meanwhile their commercial/industrial loans fell by 60 billion

Credit card loans were 839 billion in 2019 now 754 billion

The stock market still betting on economic recovery whilst banks aren't going to provide the money to do it and are busy buying treasuries instead 

I know I know stimulus but the government gives existing currency to companies in trouble, banks create currency to those they think are safe to pay it back

Steven Van Metre said something very interesting in his last video, an insolvency crisis will actually free up currency because it will stop money being funnelled into zombie companies to feed their debt, let them die (as long as they aren't vital like airlines), it has to happen in a heathy economy

It will be worse for unemployment in the short term but healthy/profitable companies should grow in the spaces left 

Like a controlled burn without maybe so much of the control

Don't you guys find it interesting the S&P500 got to record highs on the first volume highlighted, then this massive volume since September has only gotten it a few % higher

Who is selling and who is buying

3 minutes ago, Oldun said:

One more dump to wipe out the retail longs. 

The big picture seems to be record short dollar, record long euro, long stocks, record short US 30 year bonds

Despite that dxy hasn't been below 90 yet and bonds are fine

When these positions are forced to be flipped it could really be something 

33 minutes ago, Oldun said:

Currently, the USD is tipping into a space where the majority of traders (about 70% due to covid 19 vaccine/hooray Biden is Pres simpletons) are on the long side of usd and one more dump will take care of them. This is the reason for the recent bounce in gold in gbp or other currencies. Very little to do with Brexit as that is already baked in from years ago.

Asset managers are record short the dollar

21 minutes ago, Stacktastic said:

Is it not capped at £20k pa. 

I hope I'm right in saying it's you can put up to £20k into the isa p/a but you  don't pay any tax on money made

8 hours ago, HighlandTiger said:

No-one with even half a brain has any excuse today for not making themselves rich.  

I used to think that now I'm not so sure

some people have a natural talent for entrepreneurial and investing activities the same as some people are naturally good at maths, music etc

Maybe because you're inclined to it you're judging everyone by your own standards but it's the same as if you ask a random person to sing they're most likely going to be bad

I think most people are doomed to buy at the top sucked in by momentum and sell on the way down, but for there to be winners there have to be losers so I appreciate everyone who does that and hopefully I can avoid that pitfall myself

15 minutes ago, Stacktastic said:

I would talk to KMAN, he loves his charts. 

It's true lol

Here is the latest one

Silver still has a lot of work to do to recover, lets see it can establish itself back above 24.45 - hasn't been able to do that since September

Obviously this move up is positive but it's positive within a negative area, I'd still be looking to sell rather than buy currently