simon13

Be careful what you wish for.

Bloomberg;

"Silver futures fell to a six-week low as the dollar’s advance reduced the appeal of commodities as alternative investments. Gold, platinum and palladium dropped.

The greenback rose to a five-month high against a basket of 10 currencies amid signs of gains in the U.S. economy. In July, sales of silver coins by the U.S. Mint, the world’s largest, tumbled 27 percent from June to the lowest this year. The Bloomberg Commodity Spot Index of 22 raw materials dropped to the lowest since February.

“The dollar is pushing the precious metals lower,” Bart Melek, the head of commodity strategy at TD Securities in Toronto, said in a telephone interview. “Also, there is little physical demand for silver.”"

£11.74 now. Anyone know why. Gold has recovered a bit but silver isn't following.

Don't understand why its dropped but I just put on another order. Can't wait to get my 10oz Koala

Only would have saved a few pounds if i'd held on for 24hours. No biggie.

... and it drops. lol.

Pulled the trigger. 50 2014 maples

I totally understand this... but it is now a matter of principal.

I've been patient for 3 day. Now. All I really want now is a wee token drop to justify my patience.

I've been ready for a big STG order for 3 days now but spot has remained totally steady.  Want a wee drop down and I'll be happy.

Pulled the trigger last night at 2.30am. £500 order. £14.76 per OzT, mostly maples and a few nicer bits from STG.  That'll be me for a while.  Thanks for the Advice, chaps.

Up 2 pence! :0

I'm getting itchy for a STG order but I might hold out a while longer and see where this downturn goes. £12.06 / $20.68. 62.56 ration to gold.

Where to hold out to. At £11 spot i'd be putting on a large order. What are you guys hoping for? I've read that primary silver mines need $18 (£10.50ish at current exchange) to break even.

Watched the drop today.  Not sure whether to put on on order with STG or to wait and see if silver can drop further.  Seems to be stabilising at £12.24 / $20.91.  Ratio of Silver to Gold is 62.5.

Woke up pretty groggy, checked Kitco app. £400 an Oz! i'm not ready!... Then my brain woke up and I saw I had the app set in kilos.

£12.56. Ratio 62.44

Ratio silver to gold. 62.44. Silver £12.51.

When I started picking up a little, a few months ago, less than £19 is the rule.  Now i've found VAT free silver, less than £16 (£15.27 on last order)  is what i'm aiming for. Got the Kitco app now.  Much better but the push alerts are very good on Silver Tracker except its dollars only for alerts :s

Found an iphone app last night, silver tracker, unfortunately its in $ but it shows the price on the icon to the nearest round number and you can set it to send a push alert if Silver goes above or below a price.  Might save on the sanity. 

£12.34 / $21.12.  Ooooo. + £0.06

Watching the price to buy at the best time must drive you mad.  £12.28 / $21.04  Tiny bit down on when I ordered my first VAT free silver.  If you look at the 5 year chart anything below £16 looks like a deal even without thinking about the state of the markets and currency.

Dornoch Castle is my family business... don't think we can take gold or silver for it  We did take Scotcoins (a cryptocurrency) in the bar for a bit.

£160

Highland Tiger, I have a nice Highland Castle for sale

http://www.dornochcastlehotel.com/