Cointreau

Hi @Cointreau, got them graded by him
 

Absolutely thrilled...😍 beautiful and extremely rare (only 100 minted In gold). Ive also got the 1oz PF70 silver and MS70 bullion coming.
my sincerest thanks to the absolute gentleman @RegalStacker for parting with these. I fell in love having seen the review by@Numistacker some time ago and had hoped to own the silver one day never mind the gold!
I’ll share photos of the set when back together 

Another brick to the stack and she’s a beaut!

Bought over the weekend 

Once in a while you buy something that’s worth way more than you buy it for. Ex Jewellery but still very good premium on these Small Indian Head Princess Gold Dollars 

i have wanted sovereigns from this year for a long time - now i have a double - thanks @ilovesilverireallydo

...Few days l qq bits started arriving. Nice year of pig coloured lunar, philharmoniker, Niue owl and a couple of superb condition sovereigns via Karl

My first ever shieldback sovereign (only a half). Came in nice royal mint packaging which I tore it out of to test lol
 
 

Well, the 'official' explanation of the huge contango was that it was caused by the difficulty in moving physical gold from the LBMA, which is the main spot market, to the Comex, which is the main futures market, as the result of the lockdown. If this is correct, then the normalization of the contango may be just that the Comex managed to sort itself out and either acquire the gold it needed or persuade buyers to settle in cash. What seems more likely to me is that the high contango in gold was like an inverted version of the huge backwardation in oil that happened two weeks ago. Oil went strongly negative in the futures market while still being positive in spot. That was caused by oil speculators being caught out in long positions that they were forced to roll over in order to avoid taking delivery. With gold the opposite happened: speculators were short and unable to deliver so they were forced to roll their contracts over and pay over the odds to whomever owned the physical.

https://www.tfmetalsreport.com/podcast/10110/pricing-system-broken-thursday-conversation-andrew-maguire
The Pricing System Is Broken - A Thursday Conversation with Andrew Maguire
 

The huge contango of the last few weeks seems to have gone away. At close the futures price was just $8 above spot.

I might go long wheat as well as I think farmers are really struggling in general. With labour shortages, low commodity prices, the weather (look for a cold and early autumn)
and now Covid shutting down meat packing plants and  affecting supply chains. And Russia will likely not be exporting any of their wheat for the foreseeable future.

Tthe fundamentals just aren't there for gold to go down anywhere near $1000.
I don't see it going any lower than 1570 during the summer lull and this sucker's rally in the stockmarkets.

How is your short doing? I just shorted gold. I fancy a knock down is imminent to 1640 at least. That's my guess anyhow.

If you want to do some maths I am £15 a point long corn current price 319, 1.5 long live cattle current price 8595 and £6 a point short gold.
And my margin on all that is £2273. Today was a good day. All three were going against me this morning but now they're all good.

I was £11 a point short on the IG Index platform. I just closed £5 of it to take some profit. I might be getting better at this. Been doing it for over five years mind.
I called last Thursday's rise as well. Just got to keep that hubris in check cos overconfidence can kill you.

Just bought another 110 oz of silver with Goldmoney. God the supply must be tight!
Not buying much more physical silver as I have storage issues. I got some in my locker at work!
But overall, I now have about 1500 oz.

I bought some Fresnillo shares a week or so ago. Any way, I could not help but notice that gold is still holding its own against the dollar.

Just ordered  a 1900  20 dollar dollar eagle and two YHV sovs from Atkinsons. I can't help myself. I love the old stuff.
I doubt they've got much stock left.

I bought some Fresnillo shares a week or so ago. Any way, I could not help but notice that gold is still holding its own against the dollar.

Just bought another 110 oz of silver with Goldmoney. God the supply must be tight!
Not buying much more physical silver as I have storage issues. I got some in my locker at work!
But overall, I now have about 1500 oz.

Me too! I sold a load of stock last week (just before gold expiry date...see below), only to buy back in yesterday...but I don’t think I will be holding for long...you have to be nimble is these volatile times!
Expiry dates for 2020:- All sorts of weird and wonderful activities go on around these dates...I try to avoid being long at these times!

 

Well, I think the last two days have been quite bullish for the metals. I was expecting a downturn.
 

Just ordered  a 1900  20 dollar dollar eagle and two YHV sovs from Atkinsons. I can't help myself. I love the old stuff.
I doubt they've got much stock left.

Just ordered  a 1900  20 dollar dollar eagle and two YHV sovs from Atkinsons. I can't help myself. I love the old stuff.
I doubt they've got much stock left.