Abbotssilvercoins

Ive already mentioned this in the gold thread but...

If there is no change the talk will move to a Dec rate hike. A 'no' is supposed to sound like a 'not quite yet' so there may be a temporary jump in pms then move back down in anticipation of the Dec decision.

I'd say the only drastic moves would be either:
An announcement that rates are going up.
An announcement that rate moves will be put off for a considerable amount of time.
An announcement of more QE.

All three seem unlikely to me. Me being correct is also unlikely.

An 1893 Victorian silver crown for the curiosity value.

Eventually managed to get my Anzac stamp and coin set from New Zealand post after Borderforce stopped it and wanted £4.96 vat and a further £8 to Parcelforce for handling fees.
I'll have this out for display, not destined to be locked away with the rest of my stack.

Well no surprise in the meeting notes from the latest Federal Reserve Meeting yesterday.  Whilst the PR machine still spits out an insistence on their plan to raise interest rates, this time around they finally removed "June" as their timing and actually omitted to provide a new target month.
 
To me, this is a big softening on their policy to raise rates.  Whilst no surprise, because to have raised rates would have been financial suicide in an economy which is weakening, this could prove helpful to silver prices over the coming months....a lot will still depend of course on JP Morgan and their shorting activities (whilst allegedly building up a stock in their vaults of, depending on who you believe, between 50 million and 135 million ounces)
 
My eyes now are turned to the increasing crisis over Greece.  Banks across Europe are leveraged beyond their capital means on insurance policies sold to each other all backing Greece to be able to pay back its sovereign debt.  The potential for a crisis worse than 2007 continues to exist and whilst the headline events for it being triggered might be a "Grexit" or a "Yellen Reversal", it will again be the fundamentall flaws of a central banking systems that will be at its heart......

http://www.infowars.com/why-is-jp-morgan-accumulating-the-biggest-stockpile-of-physical-silver-in-history/

So the very same institution that has been manipulating down the value of silver on behalf of the Fed has been taking advantage of artificially low prices and have bought 8 million ounces just in the last week!

Interesting times ahead in the next 6 months....

My feeling is that the silver prices will continue to fall a little every time the Fed puts out some PR suggesting that a June interest rate rise is still on the cards.  As far as I can tell, the reality is that the Fed cannot and will not raise rates, because to do so at a time when practically every other major economy country is cutting rates would put their fiscal monetary policy at odds with the rest of the world.
 
Each hint at a rate rise hits silver and gold prices.  But if we see a "Yellen Reversal" (perhaps late this year or early in 2016) where in fact the Fed cut rates and begin printing money (which to me seems more likely than a rate rise) silver could rocket.
 
Near term, I can see the following things causing a relatively sharp rise:
 
The imminent (June?) and seemingly inevitable Grexit.
The Chinese removing the peg on Yuan to the USD in order to aid their collapsing export markets
 
The Grexit in of itself is of major concern, as it could see the beginning of an economic collapse worse than in 2007 if it triggers another Banking collapse.
 
Personally, I am getting my money out of paper based contracts and accumulating silver whenever I can.  I may have to ride out some short term further falls, but I can see only one mid-term movement for precious metals given all the brewing financial uncertainty I am starting to see everywhere.  The Global Stock Markets are all on an inexorable rise, despite some relatively weak reporting rounds from major companies.  Bubble?.....

1 x 1/4 ounce 1987 gold Canadian maple from Atkinsons
5 x funnel web 1oz, 2 x 2015 silver Britannias & 1 x 1oz 2015 Noah's Ark, all from Abbotssilvercoins. Cheers David