silversky

Level 2?  None of the Tories are Brexiteers.  They never have been.  There were a few self interested types but none were real brexiteers.  They all take their orders in clubs and meetings with the Davos/WEF crowd.  They never expected the electorate to actually vote to leave.  They're now deliberately gently sabotaging the British position, with the intention of irritating the electorate enough, to one day vote to be subsumed back into the EU.
It's a terrible thing that they're doing, but there's no other explanation for the abortion of a job done with customs (and immigration) on the border.  It's truly the most appalling deal which disadvantages the UK with the ENTIRE world now. They made our small sales customs position worse with the USA and the rest of the world, which they most certainly did not have to touch at all.  lt's part of a non deal which hits VAT onto all sales and requires the seller to open accounts with the international customer's tax authority.  It's the twisted dream of red-tape pen-pushers.  Only a real leave government could resolve these issues, but there won't be one sadly.  Globalist powers have breached the UK institutions already, and no amount of plebeian calls for self determination are going to change that.
The only political option that we're all being herded towards, is a call to re join the unaccountable totalitarian block.  Such a choice would be the final nail in our coffin.

Not to turn this into a politics thread. But i have to agree with everything youve said. There hasnt been one decent prime minister in my lifetime and I am nearly 50!
And if people think its goin to get better they are sadly deluded.
I only ever voted once in my life and it was the biggest mistake in my life! I shall never do it again. All clowns  different circus!

Level 2?  None of the Tories are Brexiteers.  They never have been.  There were a few self interested types but none were real brexiteers.  They all take their orders in clubs and meetings with the Davos/WEF crowd.  They never expected the electorate to actually vote to leave.  They're now deliberately gently sabotaging the British position, with the intention of irritating the electorate enough, to one day vote to be subsumed back into the EU.
It's a terrible thing that they're doing, but there's no other explanation for the abortion of a job done with customs (and immigration) on the border.  It's truly the most appalling deal which disadvantages the UK with the ENTIRE world now. They made our small sales customs position worse with the USA and the rest of the world, which they most certainly did not have to touch at all.  lt's part of a non deal which hits VAT onto all sales and requires the seller to open accounts with the international customer's tax authority.  It's the twisted dream of red-tape pen-pushers.  Only a real leave government could resolve these issues, but there won't be one sadly.  Globalist powers have breached the UK institutions already, and no amount of plebeian calls for self determination are going to change that.
The only political option that we're all being herded towards, is a call to re join the unaccountable totalitarian block.  Such a choice would be the final nail in our coffin.

Level 2?  None of the Tories are Brexiteers.  They never have been.  There were a few self interested types but none were real brexiteers.  They all take their orders in clubs and meetings with the Davos/WEF crowd.  They never expected the electorate to actually vote to leave.  They're now deliberately gently sabotaging the British position, with the intention of irritating the electorate enough, to one day vote to be subsumed back into the EU.
It's a terrible thing that they're doing, but there's no other explanation for the abortion of a job done with customs (and immigration) on the border.  It's truly the most appalling deal which disadvantages the UK with the ENTIRE world now. They made our small sales customs position worse with the USA and the rest of the world, which they most certainly did not have to touch at all.  lt's part of a non deal which hits VAT onto all sales and requires the seller to open accounts with the international customer's tax authority.  It's the twisted dream of red-tape pen-pushers.  Only a real leave government could resolve these issues, but there won't be one sadly.  Globalist powers have breached the UK institutions already, and no amount of plebeian calls for self determination are going to change that.
The only political option that we're all being herded towards, is a call to re join the unaccountable totalitarian block.  Such a choice would be the final nail in our coffin.

Pretty heavy gunning at the open.  Wonder if it'll form a spike low or if there's more to come?  Must be pretty annoying for the longs that had their stops smashed.  Same old game.

The interesting thing is that there's little chance that the economy is going to be doing great for quite some time to come yet.  A few more jobs opened up certainly does not make a return to normal, this is more like a trading opportunity for that story which is still far over the horizon.  If the economy really was back in full swing, along with inflation, industrial demand for silver would likely be in a bit more buoyant.  Gold I can understand, but silver is going to play a key role in this 'so called' green revolution.

Pretty heavy gunning at the open.  Wonder if it'll form a spike low or if there's more to come?  Must be pretty annoying for the longs that had their stops smashed.  Same old game.

The metals got smashed at the open tonight. Long time since i saw these moves. Presumably they were gunning for the lows of last November and September - didn't make it that low. Low volume trading levels, probably less chance of retaliation and consequences, looking to flush out stops - the usual gangster MO of old.

Looking forward to the discounts given to forum members. 😁 

I think everyone here knows that silver spot price is down from over £18.50 to about £17.50 since Thursday 5th August.
Why all the discussions about why, what caused the drop, inflation, etc.?
Just happily accept the price drop, and get buying.
Action not words! 🙂

CPI; which is flawed.

That middle column averages out about 2% right? 

Found this not sure how up to date it is (because of silver) but shows the 12 month price rises and what is to come.   
think BOE need to get calculators out

oil also dropped yesterday. ~1.4%.
 
that is because copper is more weighted to following the group that included the us stock market that rose yesterday.
it's like how gold made an all time high in 2020 but silver did not. short term divergence happens all the time otherwise
they would be 100% correlated and not 60+% correlated.
 
HH

Definately rigged.
Looking at A Silver / Copper chart, something has changed around the 20 July 21 as Silver inversed from copper. May be just a glitch or something more, I have no idea.

 

The silver and gold markets show how rigged the system is, everything is exploding in price except for pm’s.      Boe saying inflation might get to 4% not sure what they are looking at.    Notice the Internet providers and electric started putting prices up by inflation plus 4%.      
food prices going up fast this will be the straw that breaks the camels back

How can you call anything growth when the dilution of the spending power of a currency is happening? Growth when the taxpayer picks up the tab? Are you are part of the 1% who dont pay any tax and then have more spending power. Silver prices arent responding to this they are blatently being manipulated by the banking cartel on the crimex. The US debt clock showing real time prices in silver proves this. 

2020 is same but with no growth and being managed with all the associated Covid bailout money being stuffed in as much as they can to prevent economic fallout.
 
Steady growth? Why is BOE is still stuffing £850 Billion into the system with no end in sight.
 

Depends what angle you are looking at it from. My partner works from home. For the last year has barley left the house. Her company is probably doing better and more productive because of this. Through here eyes everything is booming. 
I work in manufacturing, we have 6000 employees, 2000 per shift. Things are slightly different from this angle. Parts. There are monthly part disruptions. Everyone gets furloughed. Track and trace.. there are huge groups of employees who put their phones in the same box daily. If one person gets pinged then a couple of hundred go with them. Because of this the company has only been able to run at one third production. No losses are recorded because the government pays for it. There is a huge backlog of work that could take years to clear. So the jobs are there but is the profit there?.
I think things will only properly pick up once all restrictions are gone in all countries. Track and trace needs to go and I've not personally known anyone to be off with actual covid.

The interesting thing is that there's little chance that the economy is going to be doing great for quite some time to come yet.  A few more jobs opened up certainly does not make a return to normal, this is more like a trading opportunity for that story which is still far over the horizon.  If the economy really was back in full swing, along with inflation, industrial demand for silver would likely be in a bit more buoyant.  Gold I can understand, but silver is going to play a key role in this 'so called' green revolution.

There are lots of opposing indications.  Big vs small is a very different picture.  Lots of small players in the building game are doing very nicely at the moment.  They've never been so busy as people want extensions and the like added to their properties.  There has been a large inflation in the price of materials, and a fair few issues with availability.  How much of that is really demand?   And how much of it is lack of supply?  It's certainly true that labour is busy which indicates that there is strong demand currently.  But on the other side of that equation is supply issues.  During lockdown, bags of plaster quadrupled in price.  Plasterers were selling van loads of it that they'd stacked up on job sites before the closure and electing to stay at home instead.
There is definitely still an artificial supply constraint which has confused things in just about every sector.  Lumber is supposedly at an all time low availability, they can't chop it down quick enough and it's hard to get hold of for the little guy at times (worldwide).  But there are rumours of huge stockpiles being laid in by big players in the states, which are being accumulated rather than used.  Who knows whether they will be using it this year or not.
Sunak is complaining that restrictions must be eased sooner, or there will be damage to the economy.  This is in direct opposition to the IMF and talk of huge growth this year in the UK.
I remain mindful of all those trillions given away in largesse. They will have to have an impact on real inflation at some point and I'm reasonably confident that some of that money ended up being saved by people in lockdown and is now working it's way into home improvement and building projects.  How much longer it will go on is anyone's guess.  Perhaps higher energy prices will start to cool things a little.
If the recent announcements on the green revolution come to pass across the west, demand for industrial metal will surely rise.  I can see some divergence between gold and silver in this case.

There are lots of opposing indications.  Big vs small is a very different picture.  Lots of small players in the building game are doing very nicely at the moment.  They've never been so busy as people want extensions and the like added to their properties.  There has been a large inflation in the price of materials, and a fair few issues with availability.  How much of that is really demand?   And how much of it is lack of supply?  It's certainly true that labour is busy which indicates that there is strong demand currently.  But on the other side of that equation is supply issues.  During lockdown, bags of plaster quadrupled in price.  Plasterers were selling van loads of it that they'd stacked up on job sites before the closure and electing to stay at home instead.
There is definitely still an artificial supply constraint which has confused things in just about every sector.  Lumber is supposedly at an all time low availability, they can't chop it down quick enough and it's hard to get hold of for the little guy at times (worldwide).  But there are rumours of huge stockpiles being laid in by big players in the states, which are being accumulated rather than used.  Who knows whether they will be using it this year or not.
Sunak is complaining that restrictions must be eased sooner, or there will be damage to the economy.  This is in direct opposition to the IMF and talk of huge growth this year in the UK.
I remain mindful of all those trillions given away in largesse. They will have to have an impact on real inflation at some point and I'm reasonably confident that some of that money ended up being saved by people in lockdown and is now working it's way into home improvement and building projects.  How much longer it will go on is anyone's guess.  Perhaps higher energy prices will start to cool things a little.
If the recent announcements on the green revolution come to pass across the west, demand for industrial metal will surely rise.  I can see some divergence between gold and silver in this case.

i would say, let's consider the effects of the scamdemic on businesses. Many have been destroyed. Economies around the world are still reeling from the lunacy going on.
Imagine an economy were graded on a scale of 0 - 10. It normally plodded along at 5. Now imagine it had been crippled by the scamdemic and was registering 1. Then it is projected it will pull itself up to 2. The economists can say, not for 80 years since WWII (when it was bankrupted and bombed flat), has the UK economy increased so fast. The observer who is not playing with statistics, just looking at the world would say it still looks pretty bad to me - it might have doubled but 2 x next to nothing still ain't much.

I think the economy is full of contradictions. 
When you walk down the high street, the number of shops that are permanently closed and empty is depressing.  In the UK I think about 1.9 million people are still on furlough.  Personal inflation seems to be raging (higher electricity and gas prices announced this morning).
If the economy is doing so well, why are interest rates so low?  If they can't be raised now, when can they be raised?
I agree that large companies seem to be doing ok, hence the stock markets are near all time highs.
I think what is driving things is Government spending (and debt).  When this is turned off, we might see a very different picture.

Well it certainly would be good... but we are paying for Brexit, Covid and seeing increasing inflation.... the growth they predict may just get us back to flat from the last 18 months... but 7%.... well not sure about that