Cointreau

Just had a look at the US Debt clock site. If you click on the PM's icon you see that the ratio of silver coming out of the ground compared to gold is only nine to one.
Silver is still very undervalued. I will still be buying.

Just had a look at the US Debt clock site. If you click on the PM's icon you see that the ratio of silver coming out of the ground compared to gold is only nine to one.
Silver is still very undervalued. I will still be buying.

Just had a look at the US Debt clock site. If you click on the PM's icon you see that the ratio of silver coming out of the ground compared to gold is only nine to one.
Silver is still very undervalued. I will still be buying.

Just had a look at the US Debt clock site. If you click on the PM's icon you see that the ratio of silver coming out of the ground compared to gold is only nine to one.
Silver is still very undervalued. I will still be buying.

Wonger checking the gold price:

I now predict that Gold will crash in excess of $1000 from here and it started today, see you at $400-$600 area guys and gals!

I saw this article last night on King world news and immediately took a long position on silver. I should have posted it on here but I didn't.
Here it is anyway. Eric Sprott is buying shed loads of silver. 75 million oz, (not the 1.5 billion I initially posted)
https://kingworldnews.com/silver-short-squeeze-alert-sprott-silver-trust-to-purchase-1-5-billion-of-physical-silver-a-jaw-dropping-8-8-of-annual-global-production/

I said we'd hit $1740. It took a about three weeks to happen but still. This is really bullish for this time of the year. Gold will be $2k plus by end of year.
Especially so when the stockmarkets crash again in the autumn.

I said we'd hit $1740. It took a about three weeks to happen but still. This is really bullish for this time of the year. Gold will be $2k plus by end of year.
Especially so when the stockmarkets crash again in the autumn.

Where's Wonger with this week's chart? Gold obviously too strong, I wonder if he's been stopped out yet?😉

You bought all this from Numistacker? In one go?

You bought all this from Numistacker? In one go?

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.