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Reputation Activity
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PhilB reacted to Go65 in Gold Monitoring Thread £ GBP only
Please don’t concern yourself.
Posturing and bluff.
There is no way West Yorkshire is getting targeted… just think about it.
🤔
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PhilB reacted to Lyrinn in Gold Monitoring Thread £ GBP only
Bert, the old, venerable and honourable member from Herefordshire is the emotional support animal for the Gold Monitoring Thread, who has been able to predict the price of gold correctly on one occasion (citation and source required).
The rest of the time, well... maybe he should be with the rest of us reprobates.
Hereford.mp4 -
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PhilB got a reaction from bobski in Gold Monitoring Thread £ GBP only
It's the trading in the paper markets that affect the spot price not physical trading. It's the tail of the spot paper comex market wagging the physical market dog. We physical buyers use the futures price with an applicable premium to set price. The paper futures traders do not refer to physical buyers regarding market price. Recent action upwards is cause by short covering, as the short traders who find their positions underwater who no longer believe they will get the chance to buy back the short sold contract, who are covering their short positions and therefore effectively buying 'paper gold ' causing a short squeeze with other shirt positions. This will lead to traders going long a some point, pushing the spot price further higher. 😊😊
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PhilB got a reaction from Gruff in Gold Monitoring Thread £ GBP only
The smack down is the big-money not-for-profit traders of the comex, once UK and Europe closes. Wanting to manipulate the weekly close so as to prevent excessive chart damage.
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PhilB got a reaction from Gruff in Gold Monitoring Thread £ GBP only
It's the trading in the paper markets that affect the spot price not physical trading. It's the tail of the spot paper comex market wagging the physical market dog. We physical buyers use the futures price with an applicable premium to set price. The paper futures traders do not refer to physical buyers regarding market price. Recent action upwards is cause by short covering, as the short traders who find their positions underwater who no longer believe they will get the chance to buy back the short sold contract, who are covering their short positions and therefore effectively buying 'paper gold ' causing a short squeeze with other shirt positions. This will lead to traders going long a some point, pushing the spot price further higher. 😊😊
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PhilB got a reaction from AuricGoldfinger in Gold Monitoring Thread £ GBP only
Below 2400 usd. The traders don't know the gbp exists! They are the ones pushing the market around. Tail wagging the dog.!
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PhilB got a reaction from HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only
Below 2400 usd. The traders don't know the gbp exists! They are the ones pushing the market around. Tail wagging the dog.!
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PhilB reacted to Paul in Gold Monitoring Thread £ GBP only
But mainstream media is there to educate and inform us, isnt it ?
It not about selling advertisements, pushing political agendas, reshaping society, set agendas, push world globalist polices, biased and selective reporting, prioritising SJW and woke news, peddling doom and gloom porn 24-7, sensationalism, pushing conflict driven narratives or looking after cooperate interests surely is it ?
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PhilB reacted to 9x883 in Gold Monitoring Thread £ GBP only
Not me. Every 5mins someone keeps bringing me breakfast
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PhilB reacted to Orpster in Gold Monitoring Thread £ GBP only
There are rumours of a possible bank failure today,
Best hope it is something like that, if it is the start of the collapse of the dollar were all up the creek and Gold wont save us
The UK will be as hurt by an dollar collapse as the US will
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PhilB reacted to katyc in Gold Monitoring Thread £ GBP only
1st Sept 2022. Chards; Double Platinum Jubilee sovereign: £722.86. Today; "special offer" on the website £926.69
I love gold.
That's all for now.
Until next time.
Tara.
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PhilB got a reaction from James32 in Silver - Queen's Beasts - 10oz Coins - UK BUYERS ONLY PLEASE.
You could always do others the courtesy of responding to pms and requests to buy the item that you have up on your sales thread. Now that I see it has turned up on 'Today I received' you may wish to mark this sales thread as completed and the item as sold. Just a little bit of common courtesy does not cost anything. P. S. I like many others prefer to do business with members who will respond. Thanks you.
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PhilB reacted to Paul in Gold Monitoring Thread £ GBP only
Another steadyish day for gold thus far
Is it just me who's just waiting for the monster of all smack downs to happen as has happened numerous times in past decade plus we've lived and stacked through?
Imagine if smack downs are a thing of the past and it's only progressively up in a monster bull 🐂 run instead
Who, knows
Enjoy the journey. The slow scenery is especially nice to view rather than trying to try and count the track sleepers every second below you
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PhilB reacted to Swampy in Gold Monitoring Thread £ GBP only
Bonkers the lot of us; but we are fortunate to have such a fascinating hobby. Important, for me, is the collecting side, as that’s the history and heritage.
The numbers are, however, a lovely little bonus and time in this hobby has done me well when you look at the charts.
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PhilB reacted to Go65 in Gold Monitoring Thread £ GBP only
Of course. It will soon start picking up the pace 😀
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PhilB got a reaction from 9x883 in Gold Monitoring Thread £ GBP only
No, but very welcome and enjoyable.! Like other things in life 😊
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PhilB reacted to Agaupl in Gold Monitoring Thread £ GBP only
If it makes you feel better. I sold a 5oz bar three weeks ago at 98.5% spot 🤣fml
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PhilB got a reaction from arphethean in Has the secondary silver market hit the market saturation point.
Whilst I agree with your secondary market v primary silver price analysis, your comments re mining and refining costs affecting spot price are the opposite of reality in my view.
The paper silver or gold market is the tail wagging the bullion price dog. Prices of both silver & gold are not currently rising because there are more coin and bar buyers than sellers. We are all exchanging bullion at higher prices now due to the change in spot price, which is pushed around by that paper pm traders/hedgers /speculators.
The recent rapid price rise, in my opinion is primarily caused by the paper shorters reducing the number of short contracts by buying back the paper bullion. Hence buying. This will be followed by the long speculators and hedgers increasing their long positions, effectively buying more of the the precious metals. Then finally it will be Followed by metals investors buying the physical, which will potentially push up premiums rather than affecting the paper derived spot price.
Commitment of traders report analysis and commentary by Adam Hamilton at zeal llc and others brought me to this view of price action.
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PhilB reacted to bobski in Gold Monitoring Thread £ GBP only
*You're
No potato here, Just English please
I'm going to heat up some of my lucky French onion soup. Should give spot price a boost
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PhilB reacted to bluemoon in Gold Monitoring Thread £ GBP only
Ah, you're right. Well it's only Monday and I'm already being dense.
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PhilB got a reaction from Gruff in Gold Monitoring Thread £ GBP only
The quip Clive Thompson is making in his own ironic style is that Gold is not making all time highs in every currency. The Rouble to gold exchange rate is not at its ATH due to its earlier very weak period od exchange following the strict sanctions applied following the Ukrainian invasion./ special operation. It's a statement reflecting more on the strength/volatility of the rouble than on the gold price.
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PhilB got a reaction from BillShutter in Silver - Queen's Beasts - 10oz Coins - UK BUYERS ONLY PLEASE.
Haha nearly missed the punchline!