Silver Monitoring Thread £ (GBP) only.

[garthy]

Just watching Bloomberg (sky channel 502) and one of their headlines is...

 

'Silver poised for for Bull market as economic woes spur haven demand'

 

In all the years I've been watching I can't remember a headline on there like that.

[Danny-boy]

Just watching Bloomberg (sky channel 502) and one of their headlines is...

'Silver poised for for Bull market as economic woes spur haven demand'

In all the years I've been watching I can't remember a headline on there like that.

Let's see if they are right then.

Personally, I think they have the same prediction accuracy of most people, very little.

[craig12]

news flash .Mario draghi  ends  cheap silver buying opportunity...cheers pal

[Shamatti]

So the ECB announces QE to the tune of 2 Billion Euros per day. Up to 1 trillion to be printed.

 

I don't see how this will instil any confidence in the already beleaguered currency.

 

I am starting to feel quite bullish towards the silver market! It way waver, but I think we saw the lows last year, this year - at least for now - prices are going to be generally upwards.

[simon13]

Yes, keep dropping! I need it to go lower still for the spot price competition.

[Shamatti]

£12.24 - it's all upwards at the moment.

 

Oil prices spiked after the death of the scumbag king of Saudi Arabia. I think this will be temporary though. Not enough to affect PMs

[HelpingHands]

Confirmed same policy in SA re oil. Pms down.

[Cointreau]

Expect a smackdown next week. FOMC meeting 27-28 Jan.

I will wait till Friday to make my purchase.

Lower! Lower!

Edited January 24, 2015 by Cointreau

[Shamatti]

Expect a smackdown next week. FOMC meeting 27-28 Jan.

I will wait till Friday to make my purchase.

Lower! Lower!

 

Perhaps, but the Greeks are voting this weekend, and of they put the the far left anti-austerity party in that could really shake things up next week.

[redrug]

Perhaps, but the Greeks are voting this weekend, and of they put the the far left anti-austerity party in that could really shake things up next week.

 

A Syriza based government seems unavoidable and the consequent fallout could make the next few weeks "interesting". I suspect that everyone will be too busy whacking the moles to think too much about smacking silver.

[Fluttershy]

any Solid reasons to think this downwards trend will continue? and how long for?

 

it`s been creeping up again slowly, and may get to the £13-14 level this year, just wondering if there`s any grounds to think this may be the last chance to catch a Low for a while.

[craig12]

i think anywhere near £11.30 will be a good buy

[HelpingHands]

any Solid reasons to think this downwards trend will continue? and how long for?

 

it`s been creeping up again slowly, and may get to the £13-14 level this year, just wondering if there`s any grounds to think this may be the last chance to catch a Low for a while.

My thoughts are that the pound will get weaker leading up to the election esp if a hung parliament is likely. Also you never know when the US will start up QE again.

[craig12]

what factors take pms really low ........war  qe   stock market too high  stock market too low  oil  sanctions     if you knew the signs  youre halfway to holding off pulling the trigger too early 

[craig12]

£11.80 on the horizon

[HelpingHands]

Expect a smackdown next week. FOMC meeting 27-28 Jan.I will wait till Friday to make my purchase. :)Lower! Lower!

Anyone want to take a punt on the next round of QE being announced?

[craig12]

that greek primeminister sure knows how to rattle em     come on lad   you could be our savior in getting sub £200 sovereigns back 

Edited January 29, 2015 by craig12

[a_a]

Expect a smackdown next week. FOMC meeting 27-28 Jan.

I will wait till Friday to make my purchase.

Lower! Lower!

 

Good call!

[Paul]

 

Normal routine has been resumed !!  

 

 

good call Cointreau

[Danny-boy]

Expect a smackdown next week. FOMC meeting 27-28 Jan.

I will wait till Friday to make my purchase.

Lower! Lower!

Well what a superb prediction that turned out to be.

Well done Cointreau!!!

[a_a]

Crazy really - rate hike chat from Fed, end of QE (for now), oil is being smashed, rate cuts in Europe, the Swiss, and Greek politics, to name a few things that have happened in 2015 alone

 

Down is up and up is down these days.

 

Although... imagine if PM's are actually overpriced... unthinkable!

[Pete]

Found myself thinking about adding some 2015 to my stack so did a quick "rekkie" on current price compared to spot.

 

Here we go using one of the best dealers with low / no VAT

 

Britannia - 30%

Noah - 24.9%

Koala - 30%

Kook - 35%

Phill - 21.1

Hawk - 26.7%

Maple - 20%

Panda - 53%

Elephant - 27%

 

Compared to last year these margins seem to have creeped up so what are the reasons ?

 

A Canadian Hawk can be purchased in the USA for $19.67 which is about £13.11 or 16.8% above spot.

Allowing for marginal rate VAT this suggests the margin over spot could be back to around 20% but our European dealers seem to have sneaked in a further 5% ( effective increase in margin price of about 25% though ).

 

Market forces perhaps but it looks as if we are paying a higher price despite lower spot.

Maybe these margins will return to previous levels if spot rises ?

Maybe the pricing model used is similar to that of big energy utilities - a one way ratchet ?

Edited January 30, 2015 by Pete

[morezone]

I have a feeling it's something to do with the various currency rate changes along the way.

[Pete]

I have a feeling it's something to do with the various currency rate changes along the way.

 

The pound is stronger so prices you would think should be lower in sterling.

The ratio of selling price to spot has no relationship to currency exchange rates as they are neutralised in the ratio.

[BaldyBob]

I know what you mean Pete, but a look at prices from British dealers soon brings you back to Earth.

 

If of course they get too greedy, no doubt a competitor will be along to undercut them shortly. With regard to currency, we are probably paying the price for the weaker Euro, as it is costing them more to buy stock.