silversky

The main problem was the Mint advertising these coins as "£100 for £100" or "£50 for £50" or whatever it was, implying this was a no loss situation.

Actually it's the Royal Mint who should be in the dock for wasting everyone's time with these face value, legal tender (but of a non legal tier) "commemorative" coins.  They've confused the whole bullion vs circulating vs legal tender system by adding the new high face value commemorative definition.  A useless halfway house that's grossly overvalued if it were described as bullion, and worth absolutely zero as legal tender whilst pretending to be legal tender.  Nice one RM!
I looked into the £50 Britannia coin a couple of years ago, which I thought was a jolly nice design.  It was an ounce of silver but on digging it became clear that it was completely un-spendable anywhere.  Why refer to it as face value in that case??  The mint has massively confused the previously perfectly workable system, where the value in the open market of bullion or special edition coins was always much higher than their face values.  Artificially slapping a £50 or £100 price tag on to something that is non returnable is a deliberate con that's being used to milk the vulnerable through adverts in the back of glossy magazines.  I see it as little more than stealing from those who don't realise that they're just buying an expensive supermarket trolley token.  It might be made by the Royal Mint but it's still a trolley token being presented as if it was something else.
Now, if the mint were forced (through the regular banks) to accept back their commemorative edition coins at face value, it would be a completely different story.  The mint would rarely, if ever, see a single one of them back but if some fool wanted to spend a rare and valuable (mint backed, BU) commemorative coin in tescos, for far less than it was worth, the local manager would no doubt be more than happy to accept them; swapping them out of the till to sell for himself at a profit.  But in this case of course, because the coin is nothing more than a token with a deceptive name, it's never going to be accepted by anyone other than more vulnerable people.  The entire problem is the Royal Mint's making and no nation's mint should be allowed to do such a thing to it's currency.

https://iaingould.co.uk/2021/10/15/devon-cornwall-police-forced-to-pay-the-price-for-coin-fiasco/

It's a bit harder this week.  There's resistance up above and a good chance that a wave down is due.  That being said, I think there's a chance that a blast right through might take place.  Other non pm  metals have been performing strongly and imo there's an even chance that interest in silver picks up.  Most still expect a wave down in silver so I think I think they'll be disappointed.  My bet is for a higher close. 

Interesting... 
next thing us stackers will be blamed for global shortages and the reason inflation is running as it is 

Sounded more like an excuse to advertise and panic the children
 

Get ready for them to blame currency speculators and unpatriotic gold hoarders

Far too many people think if they comply with a tyranny it will boil over and they wont be effected. The truth is most will give up their existance for food and "security". But theres no doubt this will be denied from a historical and current perspective from the average person. 

Sad but true, the sooner people wake up and realise that this current crisis is an IQ test the better.

@silversky Agreed, the Europe/UK situation is no different. Committing to Net Carbon Zero without actually having a viable alternative to go to besides massive depopulation so that there are less citizens to consume resources.

On top of the crippling money printing, the Biden administration deliberately sabotaged cheap energy in the US, by ending the fracking boom and shutting down US Canada pipeline construction.  Cheap energy makes everything possible, without it everything becomes expensive and the global price of oil has shot up as a result of Biden's supply restrictions.  When you throw sand in your own gearbox like that, it really shouldn't come as a surprise when it stops working!  A lot more to come as the cost of energy starts to bite.  Complete clowns!

On top of the crippling money printing, the Biden administration deliberately sabotaged cheap energy in the US, by ending the fracking boom and shutting down US Canada pipeline construction.  Cheap energy makes everything possible, without it everything becomes expensive and the global price of oil has shot up as a result of Biden's supply restrictions.  When you throw sand in your own gearbox like that, it really shouldn't come as a surprise when it stops working!  A lot more to come as the cost of energy starts to bite.  Complete clowns!

On top of the crippling money printing, the Biden administration deliberately sabotaged cheap energy in the US, by ending the fracking boom and shutting down US Canada pipeline construction.  Cheap energy makes everything possible, without it everything becomes expensive and the global price of oil has shot up as a result of Biden's supply restrictions.  When you throw sand in your own gearbox like that, it really shouldn't come as a surprise when it stops working!  A lot more to come as the cost of energy starts to bite.  Complete clowns!

Basically a lot of words to say she is blaming the 'big businesses' 😂

Let's be honest, it wasn't hard to see that the birds would come home to roost. You can't print FIAT debt into creation at the rate they have over such a short time frame and expect there to be no inflation. Unless you're really, really, really stupid!

Hopefully we will get to write the additional zero's we need onto the fiat notes we hold 
I for one am keen to get a permanent marker out and start defacing "paper"

Seems like moneyweek agree.  Inflation AFTER stripping out food and energy (which are massively up and really really matter) is still running at 4%.
If the fed are using an astronomical timescale when they use the word 'transitory', then they're correct!  But in any normal and practical timescale, this inflation is not transitory.
https://moneyweek.com/economy/inflation/603991/inflation-isnt-transitory-but-what-does-that-mean-for-markets

Seems like moneyweek agree.  Inflation AFTER stripping out food and energy (which are massively up and really really matter) is still running at 4%.
If the fed are using an astronomical timescale when they use the word 'transitory', then they're correct!  But in any normal and practical timescale, this inflation is not transitory.
https://moneyweek.com/economy/inflation/603991/inflation-isnt-transitory-but-what-does-that-mean-for-markets

Yup up 5.1% CPI in last months figures and the reality is if you looked RPI its even higher and closer reflection of the truth. Transitory inflation is a political sound byte based on a lie, ask anyone who lived in the seventies will tell you this, unless they sadly of the belief that theyve lived in cave, during thise times .
You cant BS a BS'r. People dont learn from history. Inflation is the real black swan here not the energy crisis, not the housing market, they are just all bubbles anyway - again driven by our good friend inflation.... Coming soon its big brother Hyperinflation!

They've been oversold for a while given the clear indications of inflation.  How prolonged this reaction will be is anyone guess though.  I still stand by my prediction of a rise by the weekly close.

That sir is the $100 billion question!

If someone could accurately predict that, they'd be wealthy. For me personally there are too many variables to try and assess which way this will likely go. However I'd say if the market crashes, PMs will take a hit again as investments are liquidated to cover losses.

The reason I say there are too many variables, is that over the last 20 months more FIAT debt has been created globally than at any other time in history. So the world is in a very different place it was in March 2020. 

If you're into silver for the long term, I'd just look to keep DCA'ing and accumulate silver regardless. That way, if it crashes, you hold on and allow it to rise out the other side, and if you have the ability you can add to your position, and if it doesn't, you've accumulated some holdings prior to it increasing pass a point that you can afford. 
A lot of long term silver bugs/gurus will state that you don't get into silver to make you millions. You get into physical silver to hedge against inflation and bank collapses in the future and to protect your wealth.

Hope that helps.

Stagflation = stagnant economy + inflation.  As distinct from buoyant economy + inflation.
Todays job numbers in the US were disappointing again.  But paradoxically, this can be seen these days as a good thing by the gamblers in the stock and currency markets; because bad news means that the fed will pump more juice.  Yay!
Back in reality though, actual inflation is definitely creeping in.  It doesn't matter what the fed says about it being transitory, we all know that prices for just about everything are rising.  They have been for a while actually but most people hadn't noticed, until the petrol and gas issues kicked in.  Real energy prices are rising, mostly because of long term silly policies regarding generation, and everything is getting more expensive to produce and transport.
A lot of damage has been done in the energy sector, and this is most certainly not transitory.  It's going to take years to sort out the mess, and that's IF the politicians can grow a pair and stop pretending CO2 is a pollutant. No chance of that on the horizon so inflation is definitely coming from energy costs alone. Meanwhile, the economy is faltering due to other global issues bearing down on it (many self induced).  The situation is now stagnant and inflationary.
I know what you mean about divining anything useful from all of these "experts".  But I can't see too much downside to holding onto most real assets during a period of inflation.  Better than holding cash as we all get poorer and the central printers keep on printing.  That's why I think the bottom is in for Silver.  It's because it's in for most physical things.

Seems to me that with what looks like the dreaded stagflation starting to creep in (inflation everywhere but disappointing employment and economic activity), as other commodities rise, it's going to get harder and harder to knock silver down in the wee hours.  I'm not expecting moonshots or much excitement over the next month or two.  But I do think that a floor was finally put in last week and that the bears have had their fill.