Silver Monitoring Thread £ (GBP) only.

[HelpingHands]

Madhatter is a genius with his timed buys.

[craig12]

we wanted it lower for longer havent got enough yet  my mortgage pay off is 670 oz

[Fluttershy]

we wanted it lower for longer havent got enough yet  my mortgage pay off is 670 oz

 

who`s this "We"? is that like "Them"?

 

anyway, if it goes To-Da-Moon you should have plenty anyway!

[craig12]

to da moon .mmmmmmmmmmmm next

[watchesandwhisky]

Madhatter is a genius with his timed buys.

I think your being a bit generous there HH but i must admit i am relieved i didnt wait to much longer and got it all sub £10.

Though to be fair wouldent be supprised to see a drop monday, but whatever happens physical is a steal right now

[HighlandTiger]

into the £10.40's now...........errrrr how far is this moon I keep hearing about?  

[Paul]

£100+ an oz when im 65 hopefully

[silversword]

2 months ago it was £11.47 per oz, and we all thought that was pretty cheap. Whats the excitement about?

[HighlandTiger]

2 months ago it was £11.47 per oz, and we all thought that was pretty cheap. Whats the excitement about?

 

I have trouble remembering what I did yesterday, how am I supposed to remember two months ago?       

[Paul]

it was nearly £30 in 2011 and there was massive positive sentiment to jump of the silver rocket to the moon before it hit £50 in 2012

 

no shortage of buyers either i was getting out bid 9 times out of 10 times bidding on kookaburra date runs at the time on eBay

[craig12]

remenber guys and gals , this is where sarnia  comes into its own as the silver and gold is still priced at yesterdays spot 

sarnia arent the cheapest but postage isnt too bad   starting at £2 they have seconds from £12.05 

if you use the cut off point for £199 for the oz and pay by transfer for a 2 % discount 

i can vouch for them on the 3 occasians ive ordered , they always come in pristine condition

Edited November 14, 2014 by craig12

[Shamatti]

Too Soon? lol

 

 

[alec86]

this explains what seems to of happened today with the price rises, couldn't get my head around why such the big rises... 

 

http://online.wsj.com/articles/gold-prices-rise-as-stocks-pause-1415981857

[Shamatti]

this explains what seems to of happened today with the price rises, couldn't get my head around why such the big rises... 

 

http://online.wsj.com/articles/gold-prices-rise-as-stocks-pause-1415981857

 

"To read the whole article, subscribe or log in"

 

What lurks behind the pay wall dude? Wanna give us cheap skates a summery?

[Pipers]

Ok guys this Telegraph article from the 3rd  Nov put Gold in bear to go down to $1000, I have read Jim Rodgers on his blog claim Gold needs to go down to $960 to be a buy, but remember these are just opinions they are not Gurus.

 

J Rodgers claims Gold/Silver bugs are Maniacs, a Gloomy bunch, and until these mystics are washed out, Gold cannot make a bottom.IMO  What this means is, he is getting frustrated that Gold hasn't come down fast enough for him to reinvest to make big profits, he is blaming what he claims are maniacs eg people like us on this forum the people in India, China,Russia, Asia, Middle east, Turkey, South America. as being Maniacs.

 

It is up to me if I invest in Gold and Silver I use it esp Gold as a hedge against my house, J Rodgers can call us names if he likes, IMO is he is now pumping up Agriculture, anyone who invests at all in commodities invested ages ago in Agriculture and there investment is set making money. IMO He is one of those investors who gets into a market then goes around pumping it up taking out profits as he pumps it up in interviews on RT or Bloomberg.  

 

Just in case (one in a million chance ) JIM RODGERS reads this. If Gold only has  $200 to its bottom why would any of us then sell, we would be idiots because of the spread on physical 1% below sell plus carriage then buy 3-5% above spot again if possible at the bottom, when scramble is on.  I remember last scramble Gold was going for 10% above spot and Silver over 35% above spot. 

best to hold physical for long term investment.     

 

http://www.telegraph.co.uk/finance/commodities/11204581/Gold-price-tumbling-to-1000-as-rising-dollar-crushes-confidence.html

 

http://jimrogersonthemarkets.blogspot.co.uk

[alec86]

"To read the whole article, subscribe or log in"

 

What lurks behind the pay wall dude? Wanna give us cheap skates a summery?

 

Im not subscribed to it, and now I get the same message,

 

BUT i still had the link open so C&P it for you 

 

 

 

NEW YORK—Gold and silver prices rose to a two-week high on Friday as a rush by investors to cover bets on lower prices accelerated a rebound in both markets.

Gold for December delivery, the most active contract, rose $24.10, or 2.1%, to settle at $1,185.60 a troy ounce on the Comex division of the New York Mercantile Exchange. This was the highest settlement since Oct. 30. Silver for December delivery rose 4.4% to $16.314 a troy ounce, also the highest settlement since Oct. 30.

Gold fell in morning trade, luring some price-sensitive buyers into the market, but the modest rebound quickly turned into a surge. As prices crossed above $1,160 an ounce, bursts of high-volume trading indicated that stop-loss orders were triggered, said Thomas Capalbo, a broker with Newedge in New York. These automatic buy orders are designed to limit losses by closing out a bearish position if the market moves above a predetermined price level.

“Everyone is looking at the same charts and the same indicators so people are going to put their stops in the same places,” Mr. Capalbo said.

Gold prices have been moving lower for several weeks, and some investors were choosing to lock in gains on their bearish bets ahead of the weekend, said Bob Haberkorn, a senior commodities broker with RJO Futures in Chicago.

“You have two days when the markets aren’t going to be open, and people are hesitant to keep large positions open in case something happens,” Mr. Haberkorn said.

Other bearish traders were likely forced to close out their positions before their losses stacked up too high, he said.

Moreover, next week is due to bring a string of U.S. economic data and the release of the Federal Open Market Committee’s minutes from its October meeting, giving investors fresh insight into the Federal Reserve’s October monetary policy decision. Gold doesn’t earn interest and costs money to store, making it unattractive should the Fed begin raising interest rates.

Edited November 15, 2014 by alec86

[Shamatti]

Markets are open! What's the betting it is back under £10 by lunch time tomorrow? lol Not sure it will continue its climb this week. Still time to stack on chaps!!!

[Danny-boy]

Markets are open! What's the betting it is back under £10 by lunch time tomorrow? lol Not sure it will continue its climb this week. Still time to stack on chaps!!!

I see a lot of people calling a small rise and then an even bigger drop than before.

I must say, I'm constantly conscious that nobody has a clue where the price will go though.

[SilverPirate]

I agree Dan no one has a Scoobydoo what P.M's will do.We can all feel it in our water that one day, it will be the big investment we hope it will be.

This time next year Rodder's we will  be millionaire's.  Won't we?

[Shamatti]

Wow, what just happened? 20p drop in 4 minutes?

 

Now at £10.20

[watchesandwhisky]

Wow! Though I must say nothing surprises me anymore

[HelpingHands]

Maybe someone has to keep smacking it down after the recent Russian gold buying news.http://www.bloomberg.com/news/2014-11-18/gold-holds-decline-from-two-week-high-as-dollar-gains-oil-drops.html

[watchesandwhisky]

Bang right back up again

[Dave]

128,000 contacts dumped in one go this morning ( USA time) But this time they can't keep it down , I think the upward movement is very close , less than 3 hours for price to regain its hight

[Pete]

Last time I saw a graph like this I was studying quantum mechanics and tunneling.