Oldun

Still in a corrective mode but losing downside traction according to one trader.

Oil up and longterm bonds down are no good for the stockmarket

21 minutes ago, modofantasma said:

I'll sell you some for that. How many do you want?

None. If it gets that far, I’ll be buying more property and land for food and selling/using my old 60% etc silver coins until the monetary system resets in favour of India/Russia/China model…..And making sure I am near a decent hospital system (which to be fair, I am already)

Wake me up at £1,000 for a sovereign 🤣

1 minute ago, Upsidedown said:

Sacrilege 😤

I’m a Yorkie man myself back when men were men…lol 🤣

The whole world has been quantatative tightening with interest rates going up. Japan has been the only country easing relentlessly with negative rates….….this small change now could signal a shift in the yen catching up….we shall see…buy low, sell high

7 minutes ago, Zhorro said:

I know the Japanese interest rate has gone slightly positive, but I'm struggling to see a direct connection with the increase in the price of gold.

I think US inflation figures come out tomorrow, so whether people are taking a gamble?

Oh for sure. Stock market is the very definition of gambling. Happens everyday  USD/JPY hammered by 40% since this time last year so buying yen is cheap…..and the Nikkei back to all time highs after 34 years of lows since 1990 loads of non japan entities piled in since the new year….yen carry trade now in danger….lots of zen going on

6 minutes ago, Upsidedown said:

Ahh the old freddo>silver debate

Great fun but they are just profiteering. This https://tradingeconomics.com/commodity/cocoa is reality…Freddo is your friend, just with LOADS of cheep sugar chucked in….cheeeeep sugar and other cheap c**p…

4 minutes ago, Zhorro said:

And do we know what has been pushing up the price of gold over the last week?

Japan going into positive rates albeit only to +0.1% after almost 20 years of negative rates.

Id also be collecting copper coins going forward…$6 a gimme going forward at market commodity prices….and as for cocoa prices…whoa, go check a chart.

Id be buying old silver coins at this point not shiny bullion. If things seriously go wonky in the next decade, recognisable coins would be better, or at least something round with a UK head of state on it.

4 minutes ago, Upsidedown said:

They've had over a decade to cut their losses and reinvest in a better performing asset.

Agreed but the physical holders will be tempted and they only constitute a tiny part of the market so the LCDs will be busy with sellers not buyers. The pro paper buyers dont give a terrible what the

price is of course. In and out quickly. My mate runs a jewelry business and he says it is all physical sellers right now.

6 minutes ago, MrStacker said:

At this rate sovereigns will reach half a grand a piece before summer maybe? 
 

yikes.

US and UK elections this year…that could temporarily twist the market pros for profit only….

You wont believe how many people are still underwater from over a decade ago who bought at $50….they will be selling….if they havent already…at a loss.

…..which will be getting way too much for a joe so attention woukd start to return to silver as a monetary metal which it is not 99% of the time. It’s not called the devil’s metal for nothing…99% of the time it goes nowhere and breaks amateurs. 1% it goes nutso….and sell.

Here you go….https://www.bullionbypost.co.uk/gold-news/2019/may/07/worst-deal-uk-history-20-years-brown-sold-britains-gold/

word on the street was that he telegraphed it to the market to save a bank who was badly badly caught on the wrong side.

We were peeing ourselves at Brown’s bottom…..(google safe search for the youngsters) lol

Bull flag in usd. May yet bounce around inside the flag and then also keep an eye on the usd/gbp exchange rate.PTB will be desperate to break the flag to the downside though, of course.

Absolutely zero surprise. This is why I havent bought anything from the RM in years. This design brought me out for a nibble but it will be a cold day in hell before I ever trust the RM again going forward, looking at this avalanche of appalling coins with unbelievable shoddy levels of both production and quality control. It takes a special kind of incompetence to fail at multiple check points in the process.

5oz door stopper arrived. Pristine coin on both sides. Lovely presentation to the viewer. Lettering edge marginally off but it’ll do fine as a door stopper for my grandkids’ playroom in the future.

5oz…”dispatching soon”………..yawn…..wake me up when September comes….🥱

24 minutes ago, Agaupl said:

They edge in the excuses already for the scratches and 6 mth delivery 🤣

Funny but sadly true….last time I ordered anything direct from the RM was in 2021 as I got fed up with them….let’s see how they **** it up this time