Silver Monitoring Thread £ (GBP) only.

[Cityman1]

I usually sprinkle hundreds and thousands on my cup cakes for eating, not on my charts when reading the gold price. Oh.

[Gruff]

1 minute ago, Cityman1 said:

I usually sprinkle hundreds and thousands on my cup cakes for eating, not on my charts when reading the gold price. Oh.

Probably help in trying to read what the market will do next

 

[HerefordBullyun]

11 minutes ago, Cityman1 said:

I usually sprinkle hundreds and thousands on my cup cakes for eating, not on my charts when reading the gold price. Oh.

Sadly I have a brain injury and I have cognitive moments!!!

Probably from eating too many crayons in my time in the army! 

Edited October 2, 2023 by HerefordBullyun

[Gruff]

1 minute ago, HerefordBullyun said:

crayons

Code for disco biscuits?

[HonestMoneyGoldSilver]

1 hour ago, silversky said:

From the top on Friday, to the current bottom today it's a full 10% drop in $$

That's absolutely savage, and I'm not even sure what the excuse event for the actual trigger was.  It just happened suddenly and gained momentum.  It currently looks like a falling knife to me.  Pack up and wait a week or two would be my instinct if I were buying at the moment.

You could well be right. By luck or judgement I managed to get the last two lowest lows and bought at those times. This lowest low could revisit those prices of March but in what reality does that make sense with inflation? I'm not saying you should spend all of your money now at $21.04/£17.40, it might be a good idea to wait a week or 2 if you want physical. Silver (and gold) premiums go up instantly with spot but take a bit longer to come down when spot drops. If I see deals on TSF today that reflect current spot price I will buy them (if they are coins/items that I usually buy)

 

Edited October 2, 2023 by HonestMoneyGoldSilver

[HerefordBullyun]

1 minute ago, Gruff said:

Code for disco biscuits?

Only the Mefloquine the MOD gave me.

Back on topic - ahem Gold has gone down $100 in space over a week and silver has been destroyed also.

 

[Earthmetal]

22 minutes ago, HerefordBullyun said:

Alright I got my 100s and thousand mixed up!

 

Very easy to do. I try to put ours in colour order but the little sods get everywhere.

[Sovhead]

54 minutes ago, HerefordBullyun said:

Alright I got my 100s and thousand mixed up!

 

I was gonna suggest earlier to change your username to HerefordBullshit 🤣🤣🤣

[Paul]

Are we at £50oz yet ?

( asking for a friend ) . . . . . . . . . 

 

[BLOOMMAN101]

2 minutes ago, Paul said:

Are we at £50oz yet ?

( asking for a friend ) . . . . . . . . . 

 

 

[silversky]

1 hour ago, HonestMoneyGoldSilver said:

but in what reality does that make sense with inflation?

That's the problem with Silver.  It never makes much sense.  Either it's behaving badly as a defence against inflation,  or it's having one of it's spasmodic stellar rises for absolutely no apparent reason.  It's not exactly a beacon of transparency, and the market is full of pumpers and dumpers with all sorts of exciting stories to boot.  Sometimes it seemingly possesses industrial and economic value, performing well in a rising economy, and other times it simply doesn't.  Sometimes it behaves as if it still has monetary properties, acting in tandem with gold as if it might still perform some function as a store of wealth, and other times it simply diverges.  Most of the time it just spikes around irrationally, behaving like the captured plaything of traders.  It seems to be something which traders occasionally find the time to knock about for a bit of fun, perhaps after finding time to sniff some expensive Bolivian marching powder off of certain appendages of ladies of the night.  Maybe that last bit is just in my imagination , and maybe wolf of wallstreet doesn't really happen in real life...

[Dalriada83]

It's a latent soviet plot as we were warned about by Yuri Bezmenov. We've been through stage 1 - Demoralization; this is stage 2- Destabilization. The marxist machinations set in motion by the KGB lumber on long after the death of the commissariat that spawned it. Or it might just be magic.

[Petra]

No matter how low it goes, only one thing for sure …… it’s going back up sooner rather than later. Once the lows have filtered into the actual advertised coin and bar prices, get loading up, it won’t last!😮🤔

[Sovhead]

35 minutes ago, Petra said:

No matter how low it goes, only one thing for sure …… it’s going back up sooner rather than later. Once the lows have filtered into the actual advertised coin and bar prices, get loading up, it won’t last!😮🤔

👆🏻this 100%

[HerefordBullyun]

3 minutes ago, Sovhead said:

👆🏻this 100%

The summer I predict when the fed pivots. Unless a credit crisis ensues beforehand.

[Bigmarc]

12 minutes ago, HerefordBullyun said:

The summer I predict when the fed pivots. Unless a credit crisis ensues beforehand.

I think this too and kind of my plan,.....ish

 

[Stacktastic]

I am buying more AG, paper silver, GDXJ & Wheaton is this continues.  
Much more upside than another block of physical to throw at burglars and use as a paper weight. 

I will buy a sov or two if it gets to £1479.09  

 

13 hours ago, HonestMoneyGoldSilver said:

You could well be right. By luck or judgement I managed to get the last two lowest lows and bought at those times. This lowest low could revisit those prices of March but in what reality does that make sense with inflation? I'm not saying you should spend all of your money now at $21.04/£17.40, it might be a good idea to wait a week or 2 if you want physical. Silver (and gold) premiums go up instantly with spot but take a bit longer to come down when spot drops. If I see deals on TSF today that reflect current spot price I will buy them (if they are coins/items that I usually buy)

 

Fabulous chart that! So simple. 
Anyone that says TA is useless is a moron or following a morons TA like them.  

The amount of time i have pinpointed to the exact point a retracement based on a simple line over the last year is impressive. 
And I have no idea really what i am doing (yet). 

Edited October 3, 2023 by Stacktastic

[James32]

1 minute ago, Stacktastic said:

£1479.09

Very specific 😆 

[Stacktastic]

 

7 minutes ago, James32 said:

Very specific 😆 

Yeah - I like to be accurate LOL, I was using the gold version of the chart above. 
Good chance it will get there and bounce hard if the dollar and bonds stay strong. 

Good chance silver could fall off its perch in the next year - being industrial. 
Especially if anyone announces a recession and stagflation! 
Im backing up the truck towards £15.27.00  

Black swann event combined with that - £13. 

Edited October 3, 2023 by Stacktastic

[SidS]

6 minutes ago, Stacktastic said:

Good chance silver could fall off its perch in the next year - being industrial.

Good job I've been buying tin and gallium instead! 😁

[BLOOMMAN101]

7 minutes ago, SidS said:

Good job I've been buying tin and gallium instead! 😁

If all this happens I'll need Valium, not Gallium

[Stacktastic]

Gareth recon's silver is set up for a bounce. 
time count of 7 (daily candles) is usually very precise.
Support/gap fill also just below. 

Edited October 3, 2023 by Stacktastic

[HerefordBullyun]

3 minutes ago, Stacktastic said:

Gareth recon's silver is set up for a bounce. 
time count of 7 (daily candles) is usually very precise.
Support/gap fill also just below. 

can you share the youtube link mate?

 

[Stacktastic]

4 minutes ago, HerefordBullyun said:

can you share the youtube link mate?

 

 

[BLOOMMAN101]

8 minutes ago, HerefordBullyun said:

can you share the youtube link mate?

 

Silver is about 13 mins in mate