HonestMoneyGoldSilver

There's stacking and then there's solid silver Lego bricks!

With a great name like 'God's Money' maybe you will appreciate this: Luke 15:8-10 NKJV The Parable of the Lost Coin 8 “Or what woman, having ten silver coins, if she loses one coin, does not light a lamp, sweep the house, and search carefully until she finds it? 9 And when she has found it, she calls her friends and neighbours together, saying, ‘Rejoice with me, for I have found the piece which I lost!’ 10 Likewise, I say to you, there is joy in the presence of the angels of God over one sinner who repents.”

My TSF tickers randomly changed to Euro to make me feel better 😂 Seems like after the Chinese tinkering we found good support at $2300 on gold and $27 on silver GBP also rose a % or so today on the back of news from Huw Pill (BoE) dashing expectations of rate cuts in the near future. That pushed gold down a % or so in GBP The forecasts on GBP/USD are wide depending on the source with GBP strength relying on a lack of rate cuts and economic growth (higher than expected growth + no cuts = GBP goes up, the reverse = GBP goes down). The analysts are giving ranges from 1.12 to 1.40 so FX by itself could add or subtract 10% from the GBP gold price by the end of 2024, according to them Anyway, it's super bullish in the long term IMHO that support materialised around $2300 but it's of more importance that support remains in place June-September

I'm no numismatist but most of the early year sovs have mintages in the millions. The modern sovs are in the low tens of thousands - e.g. a 1907 Edward full sov has a mintage of 28,000,000+ across London, Perth, Melbourne and Sydney, whereas a 2007 Lizzie bullion full sov has a mintage of 27,628 Sovereign Mintages - Gold Sovereign & Half Sovereign mintage figures | BullionByPost Sovereign Information By Year | Chards Even if 90% of the 1907 Edwards have went overseas, been lost or melted down, there would still be 10 times more 1907s on the market in the UK than 2007s

I can't help you there 😂 When you see good deals you should just buy them. Why do you think @Paul is a sheep, @James32 is a lion and @Charliemouse is a mouse? It's so they can forage for grass, buffalo or cheese after they've spent all their money on shiny

As a killer, tyrant and all round cXXXXt once said: “It is necessary sometimes to take one step backward to take two steps forward.” (Lenin, of Marxist-Leninist fame) Gold IMHO is doing what it should be doing. We have a wide range to exploit/consolidate between $2200-2375. The longer we stay in this range without breaking above of below, the more likely we are to get another sustainable move up of similar magnitude to the past few weeks Check my comments going back 12 months (if you are bored and have infinite time on your hands). The key point for me is $2300. It's nice for us to have the £1900 level psychologically and we're pretty much there (£1898.21). In Yankee Disney tokens we're at $2341 which is great. Everything is going according to plan

He hides behind military humour but Bully is one of the most insightful on the forum. I've missed your analysis in this thread and elsewhere, we are lucky to have you mate 🍻

Everybody is worthy of respect, sir. We are all priests, all brethren

Anyway GOLD. Not doing a whole lot on open but we really don't want it to. If gold accelerated past $2471 then it would hit the 80% RSI and start setting off alarm bells that people should be selling. The current price is pretty much at the 70% RSI (Relative Strength Index) of $2380. A rating above 70 means a stock/commodity is overbought and might be in line for a correction. The higher the number goes, the more likely a correction becomes So we chill at this price level comfortably above £1900/$2300 for a while until we consolidate our gains before the next leg up. There was a discussion about this a few pages back between @SovereignBishop and @SidS that covered most of it. As stackers and long-term holders we definitely want the price to go up but we don't want massive volatility, that doesn't suit us at all, high volatility suits traders and the ultra wealthy. Our ideal scenario is to be the turtle, slow but steadily accumulation in a sustainable fashion. Booms and busts make buying physical gold riskier as failure to time the market (timing the market is theoretically impossible) may lead to losses if you happen to be unlucky when making a large purchase. We want things to be easy and for our decisions to buy gold, DCA or large purchases, to be straight forward. You buy, hold, number goes up, great, job done. We can see the recent volatility has had a negative effect on sales and premiums, depending on your POV. A slow, steady rise with steady premiums suits the dealers/sellers and the buyers XAUUSD - Gold Forex Trader's Cheat Sheet - Barchart.com Gold: Technical Analysis Chart | | XAUUSD | MarketScreener You can use the cheat sheet linked above or if you prefer visual tools, a chart like the one linked to view the nominal price, RSI, Vol, Fibs, Bonnies, etc

That's the allegation. The truth is I did not make him do anything and I'm not in charge of the forum, I'm just a pleb like everybody else (except James) This is a precious metals forum. Does posting the gold spot price 100s of times to farm karma make you a valuable member or show you have any insights? Does posting in the non-precious metals section of the forum mean you know about coins, macroeconomics or technical indicators? Under the old system a new member could join and spam certain sections of the forum with tatas, random digits or soup recipes, and game their way to Grand Master within a month. I was a "Grand Master" after only being on the forum for a couple of months. The danger is people would listen to someone because they have a Grand Master badge. It matters most in the trade section as a scammer could game their way to Grand Master by spamming in a short period of time, then use their status to scam someone So, the rules were changed to exclude the points earned in the non-precious metals section of the forum and to make it much harder to become a Grand Master. What value is there in being a Grand Master if everyone on the forum is a Grand Master? It should take at least 2 years to earn that badge. Under the new system if you have a Grand Master badge it is meaningful and shows you've been on TSF for a while (a couple of years minimum), you might even be worth listening to!

Welcome mate. What's your opinion on the flegs? Sorry I was told not to post any flegs by the honourable member @Darr3nG which essentially forced me to post a flag. Happy now @Darr3nG? You used your reverse psychology to get me to do your bidding!

Small sample but I see this happening. I show my silver to folks and they want the random movie and cultural tat rather than the high quality germania or Perth mint stuff They basically force me to sell it to them, Donald Trump, Star Wars, Buffalos, cowboy rounds, Komsco stuff Una and her retarded lion who really should have eaten her by now. I get the feeling if i didnt allow them to buy Ganesha stackers they would have just nicked them instead 🤣 Crickets on britannias, kooks, germania, ASEs, the uneducated in metals want high premium Pokemons @treetop1280 is going to make us look like fools with his Star Wars collection, the ones from decent mints anyway not so much RM stuff 😟

There's a fair bit of resistance above the current level and towards $2480 but every new nominal ATH is a new resistance point and gold has been smashing resistance for fun lately The race is between a retrace to the low $2300s and $2500, with $2500 being base camp towards $2800 I like being fearful of $2800 rather than wishing for it. As is usually the case the thing I don't want to happen appears the most likely so $2800 it is I keep saying if we hit those levels over the summer months then gold is going to airmail peasants like me. It's terrible for the ordinary man but that seems to be the way of things this century. Those who bought fractional at lowish spot and low premiums could be laughing this time next year

Oh no, not another one 😂👍 Welcome mate. There's a special offer for £1 membership currently running, it's a no-brainer, get signed up! https://www.thesilverforum.com/topic/89070-promotion-£1-trial-silver-premium-membership-💎-ends-may-19th-2024-live-now/