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Posts posted by silversky
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12 minutes ago, Petra said:
£1,912.11🤔😮🔥🔥
You normally tell us to keep buying...
Are you saying it's now a...
???
Or maybe just another opportunity to....
- Go65, Happypanda88, ZRPMs and 3 others
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what happened to the miners? Similar moves? Or not much?
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8 minutes ago, Upsidedown said:
Apple looking really suspicious right now 🤔🔪
Did they just invent a new shopping trading social media computing graphics processor or something?
Edit: which runs off oil?
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Just now, Spyder said:
At the start of the week, everyone would have been happy with £1875 close in Friday, now because it went higher and dropped, it like Great Aunt Hilda has just died
Exactly. The majority were of the belief that it would remain in the trading range between 1830-1872 which up until the last 24 hours was not ungenerous in size. Breaking above that really wasn't expected, so even though its been a huge rollercoaster its still up by any standard measure.
- Spyder, Go65 and HonestMoneyGoldSilver
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4 minutes ago, HonestMoneyGoldSilver said:
A small correction and it's tumbleweeds in here 😂
Look on the bright side - everything is heavy in the red today from the S&P (-1.6%) to BTC (-5%), except for oil (+0.45% currently). Gold only lost like 0.77%, it's fine. It's actually better because I chose neutral in @silversky's poll, which is the most important thing
Yes HMGS.... I've not forgotten the poll.... And I'm sure James hasn't either... Paul and I still have it in the winners camp, sharing half an ounce each which was very kindly donated by James. Just have to hold it above 1872.00 and out of the previous trading range which is all that matters. And if chards' new inside track is anything to go by, we'll be back to 1900 by the close.. Phew
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3 hours ago, HonestMoneyGoldSilver said:
I'm not known for being bullish. My precious metals investment strategy is based on the AISC and the MINIMUM price it could be, not the maximum. Having said that, I'll be shocked if we haven't airmailed £24 by the close today
Airmailed to warn of a visit next year some time?
Just messing. Could still be next week for all we know
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If we look at the underlying USD chart, the candle produced is not too dissimilar to the one in December when the massive spike and dump occurred during illiquid Sunday night trading.
That December spike occurred at the end of an 8 week move upwards, and it heralded a little fall before range trading sideways for three months. It then broke out from the inverse dollar relationship 6 weeks ago, rising relentlessly before making this big spike in the last 24 hrs. The question is whether this is it? Or whether it will drop back towards 2300 area and enter another range trade type of pattern? Is there any likelihood of further strong declines in precious metals? Or is the downside reasonably protected by past inflation? I can't see it but I didn't see this spike either, or is there is any fuel left from whoever the secret source is that's bidding up gold like this? This isn't Central Bank buying, unless one has declared war on the others or something outlandish....
There is talk of big hidden OTC trades exceeding the size of China's Central Bank, but that all sounds a little bit crazy to me. Then again what else explains the rise when actual sales aren't enormous? It's not exactly transparent. I suspect a period of reflection a bit like after December is what's coming for a bit.
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7 minutes ago, katyc said:
So, not been here for 15 hours. This thread has gone from page 820 to 838. No chance of catching up!
And, for a change, I'm not to blame for a large percentage of the comments!
You almost said rubbish
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2 minutes ago, Go65 said:
My plan worked!
I’m glad I didn’t say THAT here!
The weekly chart isn't bearish at all. And any sort of rise back to say 1920 or so would make the daily and hourly look terribly bullish again. This is the long awaited spike and drop, we just have to see where it reverts before deciding whether it's a buy sell or neutral outlook.. As I said to Roy about 50 pages ago now (in reality just 16 hours ago ), Wait. See where the vibrations settle and then make a call.
The shorts got their bottoms spanked and washed out to sea. That's always what happens in a crazy explosion like this. Even the longs will have got all sorts of positions triggered in and out by mistake. Gonna be a few days to settle and choose a direction, and the rest of the market is still sloshing around too. I might sell a little this weekend and take some off the table. Who knows.
- Gruff, Roy and Goldfever20
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Hmmmm. Skip to last...
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Silver up 4% so far today. Not sure I've ever seen it like that before.
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6 hours ago, ArgentSmith said:
Morning all well done whoever predicted 1900 by friday lol
That would be me....
In our little poll Wednesday, only myself and Paul dared to imagine that it would be Up, by the end of this week. The rest who committed were Neutral, with only one calling it Down... And then of course there's James who voted twice... but as promised, he voted Neutral and didn't win... To be fair, there's still time for it to lose £50 by the close, but I'll take a double or nothing on that one...
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7 minutes ago, Roy said:
£300 increase since 2015. Per sov.
I remember paying 230 for a 2005 rocking horse, instead of 190 for a standard sov. (not in 2005)
Gold Monitoring Thread £ GBP only
in Gold
Posted
"Experts uncover mystery cause of Gold price fluctuations".
"Experts at Roysters news agency are quoted as saying that experts have discovered a strong link between recent price volatility on the Comex, and a little known British website where a kingpin price manipulator has been operating with impunity up until last night."
"The website in question is now at the centre of an international storm after it was discovered that a character known simply as "Paul", had been affecting the price of gold by repeatedly "asking for a friend".
"It's not yet clear as to the full extent of Paul's manipulation, but it is clear according to experts, that he is the sole reason for the volatility seen in the Gold price over the last few trading sessions. It would also appear that his diabolical scheme was set up many many years ago, and that his coordinating thread indicates clear premeditation and foresight to his crimes. Our experts also told us that his drunken antics last night were carefully designed to affect the price of Gold, and that the drop in price which is currently playing out this morning may not end until he get's out of bed with a severe hangover and regrets it."
"In the meantime, Central Banks are doing the best that they can to weather the storm. The UK has announced that it is resisting "a strong urge to flog the nation's savings down the local pawn shop at half price", with a treasury spokesman saying that whilst they didn't want to sell the nations reserves, they definitely wouldn't let it sag as far as Brown's bottom before selling this time."
"The world is currently holding its breathe and awaiting Paul's return. Fears persist of further falls during the Asian session, with little chance that Paul will wake from his drunken stupor any time before lunch."