silversword

I use the Kitco app "Kcast/Gold Live!", which lets you choose from multiple currencies, and also which metals you track including base metals, plus oil and US stock indices so you can see how PMs are performing alongside other commodities/investments. There's relevant gold/silver industry news, technical charts and mining stocks included too. You can set up alerts, but i have never used them.

Free on Android, not sure if iSheep get charged for it, but in this case I'd expect not.

New Royal Mint £20 coins. 

"The simple fact is that when the technical funds buy, they all buy in unison and that is usually the sole reason for prices to rise. When the technical funds sell, they sell in unison causing prices to fall – always. It’s not hard to see why the technical funds trade in lockstep with other technical funds – they are all using the same price signals."

Lost all of todays gains in about 10 minutes. But thats only down £0.13/oz.

7x 2012 silver Eagles for an average of £17.29 delivered from eBay.

Happy with that, should bring the £/oz down a bit!!!

You are on a wind-up, aren't you!

Always good to know these things

...he says while posting on open internet forums

Just got caught out by the 5k/10k threshold limits.

 

Seems some of my earlier history in Atkinsons didnt show up in my online account history so went over the 10k limit by £200.

Was just thinking about this (although unlikely to have to worry about it just yet), if you go over the £10k threshold but have spread the purchase across multiple dealers, do you have any obligation to report yourself to HMRC or is it only if you spend over £10k from one dealer and then the onus is on them to get your documents?

on the plus side got another quintuple sov and a 100g gold metalor bar coming 

 Another one?! That's some serious stacking.

I hedged my bets and have put an order in now while the price is reasonable. I was expecting a slight rise after the weekend, but with no real upwards momentum thus far today, I think we could see a drop.

£2935 is a long way to go from £12 or so. I expect some people would be happy with £29.35 oz, but not yet: More stacking to do.

Anyone got a crystal ball for this week?

Very nice collection!

My gut feeling is it will go higher next week, so I'm tempted to get an order in before markets open. Buying at £12.27 is still pretty good. If it goes lower later on then I can get more but it would take something very special to go much below £12.

A very diverse array of metal there. I'm loving that jewellers' token, harkens back to the old days when gold- and silver-smiths acted as banks (no I'm not that old, I've read books!).

Essentially a self-fulfilling prophecy?

It may well deserve its own thread, but when it comes to technicals and charting, I am out of my depth. I just had to google "stochastics" and after reading, I still have no idea whats going on

If the Middle East was not kicking off then what would the fundamentals be, and how much more "safe-haven" buying will there be based on Iraq? 

Economies reported to be in reasonable shape, stock market ticking along nicely, talk of interest rates rising if not by much. Aren't these considered bearish factors for gold? Is "profit-taking" really going to affect the price significantly? Or would you be looking at increasing dollar inflation, the ECB charging depositors, the fact that Ukraine is still simmering if not currently front page, no slow-down in Asian demand for physical metal - these things tend to (or logically should) drive gold prices up - and where gold goes lately, silver follows it religiously; the charts are almost interchangeable.

I don't know. I'm still new to this and trying to piece things together as I learn more about the markets. 

Gold up too, possibly on confirmation that Iraqi forces have lost control of the Baiji refinery which is now being held by ISIS militants. Oil production expected to drop; oil to rise; all commodities to follow suit. And just as I was gearing up for an end-of-month spending spree.

Did you realise with last weeks gains that Over the last 12 month rolling period Silver has only lost something like 50p?

Looking back over the chart this is right. Enlightening that, in US Dollar terms, the silver price has actually risen slightly due to the Dollar weakening/inflation.

Markets opened, let's see where she goes

Got a 2014 from a dealer, as that's the only year they seem to have in stock and I'm concerned about fakes on the secondary market. the 2014 design is not "wow" outstanding but it's ok. I doubt I will go backwards on these due to cost, but I will probably get 2015's and onward if circumstances permit.

My first Panda came today. Just got the one because I really wasn't sure if I liked them from just looking at photos, and they are pricey. It's growing on me I have to admit. Always nicer to have and hold (yeah with gloves on, don't panic) than to see in a picture.

Good point, had forgotten abou them. Cheers both of you.

Presumably cheaper than official mint tubes? Where from?

I tell you what, if eggs and baskets had gone up in price the way silver has in the last couple of days, omelettes would have become a luxury food by now.

Another upswing and we will see $21/oz broken before close of trading. A 15% movement in just a couple of days. Oil is up, but its nothing compared to PMs.

Silver comfortably back through and beyond $20/oz now, but still below £12 due to dollar weakness.