dicker

Did you keep the faith?
7 year highs.
GSR fallen to 82.
The party is getting started. But personally I am not getting that excited yet. We still have MUCH further to run.  
Like I have said in many previous posts, this will be a mindblowing bull market ride of a lifetime. We will go up by MANY MULTIPLES. Days like these will become much more commonplace.
Only those with the long term patience and vision to ride the full macro trend will be benefit.
 
Remember this immortal passage from Reminiscences:
"After spending many years in Wall Street and after
making and losing millions of dollars I want to tell you this: It never was my thinking
that made the big money for me. It always was my sitting. Got that? My sitting tight! It
is no trick at all to be right on the market. You always find lots of early bulls in bull
markets and early bears in bear markets. I’ve known many men who were right at
exactly the right time, and began buying or selling stocks when prices were at the very
level which should show the greatest profit. And their experience invariably matched
mine that is, they made no real money out of it. Men who can both be right and sit tight
are uncommon. I found it one of the hardest things to learn. But it is only after a stock
operator has firmly grasped this that he can make big money. It is literally true that
millions come easier to a trader after he knows how to trade than hundreds did in the
days of his ignorance."
 
Translation = Ignore the smal, insignificant movements, and learn to ride the big trend.
 
 

Worth a read in relation to the current rise in Au https://seekingalpha.com/article/4359356-gold-short-squeeze-is-getting-physical-beware-others

Longer way to go to get to 50/50  

You had been saying there would be a fall for the best part of a year. The physical price went up - this is what matters on this forum - the price of coins went up and have never come down since. Gold is heading for an all time dollar high - the game has changed. You are a laughing stock on the forum - the members are interested in physical. i said to you i would take as much $4 silver as you can come up with. Gold has jumped over $20 tonight. It is what it is and price is not crashing but your advice to short gold and silver has turned out to be a car crash. i fully expect there will be pull backs but it isn't going to $4 silver of $400 gold.

 

So where to from here.....my gut instinct is 1500 by Christmas (appreciate gold futures don’t indicate this).  Driven by more QE, QE spent on corporate bonds and a risk off approach to investing in the wider market.  I only every make money by looking at the macro and long term, and think it looks good for gold.
 

I’ve been thinking £1,800 for some time (by Christmas). 

So where to from here.....my gut instinct is 1500 by Christmas (appreciate gold futures don’t indicate this).  Driven by more QE, QE spent on corporate bonds and a risk off approach to investing in the wider market.  I only every make money by looking at the macro and long term, and think it looks good for gold.
 

So where to from here.....my gut instinct is 1500 by Christmas (appreciate gold futures don’t indicate this).  Driven by more QE, QE spent on corporate bonds and a risk off approach to investing in the wider market.  I only every make money by looking at the macro and long term, and think it looks good for gold.
 

Lol I could buy a decent two bedroomed house at this moment in time in my area with my current holdings & yes hold your nerve I believe this has a while to run yet. Gold will IMHO exceed $2000 USD before this years out & who knows where silver will be I wasn't expecting silver to Break $21 USD so quickly.

These are happy days indeed.. I don’t know how much you have in the pot (but I can hazard a guess🤑🤑🤑)..just enjoy it whilst it lasts...it’s been a long wait, but the rewards now are absolutely amazing...the coin fund is fully loaded. I will try and keep my nerve and let it ride a bit longer...the party may only have just begun🥳

I saw this article last night on King world news and immediately took a long position on silver. I should have posted it on here but I didn't.
Here it is anyway. Eric Sprott is buying shed loads of silver. 75 million oz, (not the 1.5 billion I initially posted)
https://kingworldnews.com/silver-short-squeeze-alert-sprott-silver-trust-to-purchase-1-5-billion-of-physical-silver-a-jaw-dropping-8-8-of-annual-global-production/

Wonger will be busy selling shorts to all who want them at this very moment..

Silvers rise had to do something to gold eventually.

I just realised something. I think Wonger comes here to test the sentiment as some sort of market research around gold retail attitudes.

Two things to watch this week - discussions by the EU and USA (separately) on stimulus measures - ie printing money.  

Wonger, this is partly why I asked where the rest of us can refer to a "mutually acceptable" spot price - for facilitating apples to apples comparison.
Looking at http://www.lbma.org.uk/precious-metal-prices
18/5 the LBMA AM fix was £1450.85 and PM fix was £1423.15.
17/7 the LBMA AM fix was £1435.47 and PM fix was £1442.35.
If you choose AM fix it'd be -£15.38 - or if you pick PM fix it'd be +£19.20. (Today's fixes have not yet been posted to LBMA site.)
Would you like to change the reference source?

Two things to watch this week - discussions by the EU and USA (separately) on stimulus measures - ie printing money.  

Two things to watch this week - discussions by the EU and USA (separately) on stimulus measures - ie printing money.  

Two things to watch this week - discussions by the EU and USA (separately) on stimulus measures - ie printing money.  

Bullion Banks are stuck with large short positions
They will keep trying to drive down the price towards $1740 to cover
but I don't think they will be too successful
In addition  in sterling terms the pound should weaken with Brexit uncertainty
should benefit gold in sterling

Bullion sovereign added to the stack. Thanks go to @LawrenceChard

Hi All
I don’t follow silver as much as gold and don’t know if this has been posted on the forum but is worth a read.  
 
I appreciate that there are a number of armchair experts in the forum that seem very confident of predicting crashes and spikes in PM prices....I am not one of those, but do have view on the long term direction of metals prices which ai won’t bore you all with.
I have noticed the appreciation of silver prices in the last few months and this article to my mind offers a fairly good explanation of what might be driving silver prices.
Best 
Dicker
https://seekingalpha.com/article/4358776-why-silver-prices-are-exploding

One to watch....my guess is it will go for about 420
Best 
Dicker

The next Coin Cabinet auction has a Douro Treasure 1864 Sovereign (lot 106).  It will be interesting to see how its price compares to the other 1864s in the same sale.

The below is not a forum rule but simply a recommendation for sellers.

A seller of a coin (or other item) will have a much better idea of the condition and imperfections of the item, than the buyer has. Of course this is only logical as the seller has the item and the buyer hasn't seen it in person.

When I myself sell, I try to list every imperfection on the coin. Sure, this likely will put some people off from purchasing but I believe that it is important to be 100% honest. I also understand how it is from a buyers point of view. As a buyer, I (probably wrongly) assume that most sellers are like me and therefore if I see that there is no comment about the condition, I presume the condition is very good or at least good (in my opinion.) When however, an item arrives and there are issues or imperfections on the coin (or other item) it is saddening, but often not worth complaining over. I would however be cautious of that seller in the future.

In my opinion, telling the condition of a coin from a photograph is hard. Some members are exceptional at studying photos and picking up details, but I personally find looking at a static image quite difficult to ascertain the real condition of a coin. Often a photo will look like there are some imperfections on an item but the actual item looks perfect in real life, and vice versa.

Though the buyer also has a responsibility to ask the condition, as a seller you know more about the condition of the item. To avoid any issues and to keep the forum trade section transparent and honest we strongly recommend for sellers to disclose the condition of their item. i.e. mentioning any imperfections, spots, milk spotting, lint inside the capsule, damage to the capsule etc.

Of course, a seller can not state what grade the coin is (unless it is graded.) Those looking for absolutely perfect examples in their collection may want to consider graded coins. But a seller can state if their are any imperfections.

I already see a large number of members who always list every small detail about their item and I would like to say thank you for doing this 😊