dicker

This thread up there with the best (or worst for some) on any forum anywhere about any subject.

Please do not try to get around the bad word filter by using other letters.
I am trying to keep the forum a friendly place without the need for members to swear at each other. Several members who have been disrespectful / sworn at other members were banned in the past. 

Always good to hear from @vand and of course hear his sage advice, which I have heeded.

When its talking about gold crossin 1900 or silvers record pace onmost of the tv channels the buying will go hectic...ask peirs morgan, he made a pretty penny insider trading on mediahype.

Hits $23 again

Bars are awesome but sometimes hard to get rid off when the price is high...the prife is rising fast as people try to jump on the train....when the mediakicks in as well it will go hyper like gold did when it went from $900 to $1900.

Plus, bars are awesome. 
Past £18 now, this is happening a lot faster than I expected! 

10 × 1oz fetches more then 1 × 10oz usually...but ive seen people buying 100oz bars last week and sell them back this week buying at 1850 and selling at 2100..its a wild world.

The GBP all time high of £29.16 suddenly doesn't seem like an impossible pipedream.
Sure, we are still some 39% away for that level, but silver has now done +97% since its late 2015 bear market low.  We all know how volatile silver can be -  another 39% can happen faster than anyone thinks.

It’s an important point that many don’t consider. Knowing how to maximise when selling is probably more important than knowing how to buy cheaply.
There’s here on the forum, dealers, Facebook groups, eBay. My advice would be try it for practice, with some bits and pieces you’re not that bothered about.

There is a time to sell: when the Dow/Gold ratio falls to low single digits. Even then you must keep hold of a minimum amount of PMs in your portfolio for insurance - I'd suggest going no lower than 10%.

It's turning out that me being too lazy to sort out my stack and getting round to selling it, could see me gaining a few extra quid when I eventually get my arse in gear. 
Still after all these years, I'm glad that Vand,  the forums resident broken watch, is getting a chance to crow a little. 
So, does anyone know when we are getting the £50/Oz silver. Just want to know if I can retire early or not.  😃

the one thing about silver investing - its not dull ! 
 

very interesting day coming up on July 29

we will start to see how many on the other side of those shorts
stand for delivery

Maybe Wonger will take a different view from his favourite chart after then😀
but I doubt it

Connected to the recent announcement by the EU to pump 1.5 trillion euros into the economies? 

excellent article@dicker

interesting comment from todays CaxtonFX bulletin

Another haven, gold, also rallied yesterday, with futures prices for the precious metal hitting their highest levels since 2011 up by more than 1.5% on the day. Silver also surged, gaining 7% and hitting a 6-year high. I would jest that maybe the Fed are now considering buying precious metals – as that’s the only reason things rally these days – but with the nomination of Judy Shelton having been advanced yesterday, that may worryingly become closer to a reality.

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

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

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

@cornishrichI agree (long term) although why Gold and Silver are spiking at this point is not clear to me at the moment. 1860 at the moment....

13194 orders on the comex at 5000oz per order in jul is 68 million ozs also! That was on Silver BTW. Gold will follow suit also.

I think it's because of Judy Shelton's nomination for the federal reserve and her idea of a gold standard economy .

It is simple. The restriction is also simple. The revaluation of the Dollar/effectively he introduction of a new US currency, also called Dollar, where the new average annual salary is e.g. $1000 means the bet is void.
No one knows if this will happen but it's not a far fetched scenario and it's not in line with Wonger's claims. He clearly implies a massive loss of purchasing power.

Ive got my x500 oz of silver to buy a median sized family home, infact ive got enough for a street !! still waiting..................
Stopped clocks are still right twice daily  

I'm truly shocked! Gold and Silver doing great impressions of rockets! Looks like Kiyosaki and Maloneys predictions are coming good...
But, what's happened to drive these record highs???