Silver Monitoring Thread £ (GBP) only.

[Keithoil]

Markets open in 35 minutes I wonder what it will do, I would like it to go doon so I can get my big order off. If it gets to £10 ish I think that will light the fuse then it is only a matter of time.

[Paul]

............oooooohhhhhhhhh !!!  @ £10.69  

 

20p per oz rise this past hour

[HelpingHands]

Can it not wait until I've stacked enough?

Also, can somebody tell me what is enough?

[Paul]

If you need to ask that question, you haven't stacked enough HH

[Danny-boy]

Also, can somebody tell me what is enough?

Your own body weight in silver would be a good start.

I'm a big boy so I have some serious stacking to do!!!

[Paul]

SILVER @ 15 stone = 3062 troy oz @ £13.50 per coin/bar =  £41,337

 

GOLD @ 15 stone = 3062 troy oz @ £800 per coin/bar = £2.449,600 (!) eek !

 

Looks like I'm staying with silver with these numbers 

[Pipers]

Does anyone think this is a big move on precious metals?  Oil is down to lows, Gold and silver up again what do you think? 

[Danny-boy]

Does anyone think this is a big move on precious metals? Oil is down to lows, Gold and silver up again what do you think?

Not sure, I'll base my decision on Friday close this week I think.

I'd say we'll be over £11 by the end of the day.

[HelpingHands]

It should stop messing around and just go to 1000 per oz.

[Cornishfarmer]

Think speculators are getting out of oil and going into pM's and commodities

[Paul]

It should stop messing around and just go to 1000 per oz.

 

If it goes to £1000oz I'm having next few years off work

[HelpingHands]

Think speculators are getting out of oil and going into pM's and commodities

Somebody go check on the 'Crude Stackers' forum.

Edited December 9, 2014 by Helping Hands

[Fluttershy]

the CIA Torture report was released earlier, there are many reprisal fears, i wonder if this is playing a part?

[SilvergunSuperman]

I am trying to hold off buying any more until the new year after a large outlay (for me) recently but I'm getting an itchy trigger finger watching the markets   

[Paul]

A near 5% upside today - fun and games on Friday m'thinks.  The usual shenanigans day and early Sunday mornings

 

Either another nice upside or the paper traders will be playing whack-a-mole to the price back down

[Keithoil]

Maybe with the silver price we need to take a step back and look at the bigger picture.

 

It is still really very very cheap at these prices. Not sure if we have seen the bottom though only time will tell.

 

I think this is in part due to the plummeting oil price when it goes back up we may see this go back down again.

Edited December 9, 2014 by Keithoil

[HighlandTiger]

Maybe with the silver price we need to take a step back and look at the bigger picture.

 

It is still really very very cheap at these prices. Not sure if we have seen the bottom though only time will tell.

 

I think this is in part due to the plummeting oil price when it goes back up we may see this go back down again.

 

Excellent point there. In fact we are still cheaper than it was FIVE years ago. 

[Keithoil]

Cheers HT.

 

I was just thinking most everyone is saying ah bugger, bollocks, shit,(or something along those lines!) the price is flying back up, yes it is but it is still way below where it has been.

 

So some advice FILL YOUR BOOTS, WHILST THE FILLING IS GOOD.

[HighlandTiger]

The way I look at it, if it is cheaper now than when you eventually intend to sell it, then it will be worth buying. I will continue to buy my 20 or so ounces of silver a month until it hits £20+. Although the longer it stays below that amount, the more money I'll have left to pay for the nicer yellow stuff.

 

If it goes past the £20 mark, I may have to re-assess my monthly amounts. 

[a_a]

So, Friday afternoon, what do we think will happen at the end of the day?

[HelpingHands]

10.50

[Stretch]

I'm thinking this is a seasonal high and we're gonna get some new lows in January. I'm in two minds if to make a purchase now or keep saving the fiat for a larger purchase in the new year.

[Pipers]

What I've done Stretch is split, i have bought some now postponed delivery until end of Feb if the price dips I will buy a lot more if it stays the same I will buy a little more.    

[HighlandTiger]

...................and over the cliff we go again......

[Danny-boy]

...................and over the cliff we go again......

Surprising.

Oil down 4% to $55. Wow, wasn't expecting that. $58 was supposed to be a support line but it smashed that.

Not moaning though, unleaded down to £1.11and dropping. I do 20k miles a year and get paid 45p a mile, so it puts more sausage in my pocket.