gold and silver smashed down again

[gkoogk]

with NK firing a very long missile I thought metals would rise quick..yet  gold and silver crashed ?

[Scuzzle]

Thats how things go nowadays in upside down world.

[sixgun]

The Bank of International Settlements has its options expiry tomorrow and these are underwater. We have roll over of December contracts as well so there are the usual centrally organised sell orders to suppress price.

[Jay2]

16 hours ago, Scuzzle said:

Thats how things go nowadays in upside down world.

We're in The Upside Down? Stranger things have happened..

[sovereignsteve]

3 minutes ago, Jay2 said:

We're in The Upside Down? Stranger things have happened..

well it is winter

[Ansel]

27 minutes ago, Jay2 said:

We're in The Upside Down? Stranger things have happened..

Stay frosty, boys..

[MIP]

I see it as a last call to accumulate cheaper silver. I'm 44 and my horizon is retirement. I don't think this QE and debt nonsense masquerade can stand 20 years. Patience.

[999magnum]

On 11/28/2017 at 18:15, gkoogk said:

with NK firing a very long missile I thought metals would rise quick..yet  gold and silver crashed ?

You think maybe Kim Jong Un is in cahoots with APMEX?

[Keenstacker]

I took advantage of the low spot and put my first order in with Goldsilver.Be, got myself 50 2018 Britannia’s and a few of the Brexit Britannia’s. I have heard mixed things about the site but here's hoping it all goes smoothly for me. :-D

 

 

[Keenstacker]

Are you in the UK? If so how long did it take to arrive ?

 

[Jay2]

8 hours ago, Keenstacker said:

Are you in the UK? If so how long did it take to arrive ?

@BackyardBullion Does group orders from GSbe for many UK forum members. He might be the man to ask about their shipping times, and possibly join a future cheaper-shipping bulk order.

[Bumble]

Gold is seasonally weak in Nov-Dec and stronger in Jan-Feb. Indian wedding season and Chinese new year play a part. If the previous two years are a guide, there will be a "sell the rumour buy the fact" event in which traders sell in anticipation of a Fed rate rise and then buy when the rise is announced.

[JunkBond]

So basically everything I was going to buy in Jan-Feb I should buy before Christmas, then maintain discipline. Sounds easy.

[kimchi]

4 hours ago, JunkBond said:

So basically everything I was going to buy in Jan-Feb I should buy before Christmas, then maintain discipline. Sounds easy.

This time next year you'll have spent up to 2023!

[JunkBond]

@mr-dead says my new half krug is too shiny, so now I have to buy another one to compare! Well while they are cheap eh.

[Thelonerangershorse]

On 12/2/2017 at 13:49, JunkBond said:

@mr-dead says my new half krug is too shiny, so now I have to buy another one to compare! Well while they are cheap eh.

I would have thought 3 or 4 from different sources just to be sure.

[JunkBond]

10 minutes ago, Thelonerangershorse said:

I would have thought 3 or 4 from different sources just to be sure.

Just looked at the @BackyardBullion vid with his Krugs and they are shiny like mine so not worried now. Buying more sounds like fun though.

 

[Thelonerangershorse]

Still watching the price drop, How low do people think it will go? silver certainly seems to be headed sub £12, can gold drop below £900???

[JunkBond]

1 minute ago, Thelonerangershorse said:

 can gold drop below £900???

Yes of course, anything is possible.

[sovereignsteve]

Been here many times, just relax.

[jmichael99]

1 hour ago, Thelonerangershorse said:

Still watching the price drop, How low do people think it will go? silver certainly seems to be headed sub £12, can gold drop below £900???

I wish it would so I can buy more.  But I doubt it will go much lower

[JunkBond]

Still being smashed.

[Thelonerangershorse]

silver now under £12, gold £935, looks like it may drop below £900

[JunkBond]

9 minutes ago, Thelonerangershorse said:

silver now under £12, gold £935, looks like it may drop below £900

Then it's January sales come early!  

[kimchi]

19 minutes ago, Thelonerangershorse said:

silver now under £12, gold £935, looks like it may drop below £900

Wow.

Surely gold can't/won't be allowed to go under £900 (unless very major plays are coming this year).

Any thoughts @sixgun?