Silver Monitoring Thread £ (GBP) only.

[HonestMoneyGoldSilver]

Apologies for talking about crypto again. Silver is doing great! It will be interesting to see what happens tomorrow and the weekly closing price. Currently:

[Zinho]

10 hours ago, silversky said:

In a couple of hours time, the monthly gold chart is about to be painted with an all time high close.  And the closes matter.  It's only a short push to all time intraday highs, and if it breaks through, then there will be a big reach upwards over a long time frame.  High inflation has been chipping away all around the world for a couple of years now, and the pressure to devalue all fiat currencies against PMs is real.  Silver will be pulled up in tandem, and this is why I think 20% in short order is easily possible.  Perhaps even upwards of 35% in a big lunge.  The last big leg up in Silver was in March this year.  It put on 30+% in USD and 25% in GBP.  Those moves will likely be eclipsed when the next pop happens.  Three big peaks in gold is a little ominous though, and a third failure to continue higher would signal a deep retracement.  I'm 70/30 on the break upwards.

 

 

Goldbugs have been getting cucked by the inflation narrative for decades. 

 

11 hours ago, HonestMoneyGoldSilver said:

If you sell at the peak by definition your counterparty has booked a loss

If you had held the S&P500 since 1925, adjusted for inflation you would have netted zero. You have to get in and out. It's all well and good being the ethical investor, but i'm here to make money to better me and my family. 

[theman73]

30 minutes ago, Zinho said:

If you had held the S&P500 since 1925, adjusted for inflation you would have netted zero. You have to get in and out. It's all well and good being the ethical investor, but i'm here to make money to better me and my family. 

That's the spirit.

[Stu]

41 minutes ago, Zinho said:

Goldbugs have been getting cucked by the inflation narrative for decades. 

 

If you had held the S&P500 since 1925, adjusted for inflation you would have netted zero. You have to get in and out. It's all well and good being the ethical investor, but i'm here to make money to better me and my family. 

That’s great if you are one of the very few who are able to time the market. For mere mortals, tracking an index will probably give you the best chance of returns v risk.

https://dqydj.com/sp-500-return-calculator/
 

Calculator above indicates around a 7% inflation adjusted return starting from the year you chose on the the S&P. Often quoted figure is around 10% which ain’t bad and probably better than precious metals. 

[Zinho]

28 minutes ago, Stu said:

That’s great if you are one of the very few who are able to time the market. For mere mortals, tracking an index will probably give you the best chance of returns v risk.

https://dqydj.com/sp-500-return-calculator/
 

Calculator above indicates around a 7% inflation adjusted return starting from the year you chose on the the S&P. Often quoted figure is around 10% which ain’t bad and probably better than precious metals. 

The real inflation figure is and always has been far higher than the quoted figures we get from CBs.

p.s I saw a stat (I'll try find it) that simply holding S&P over time vs buying at market open and exiting at the close you would would be up exponentially more. I realise not everyone can sit there at 2:30pm (if you're a Brit) and manage your portfolio that way. But you can pay a money manager to do that. 

Edited December 1, 2023 by Zinho

[Darr3nG]

1 hour ago, Zinho said:

If you had held the S&P500 since 1925, adjusted for inflation you would have netted zero.

Hell of a ride, though...!

[theman73]

18 minutes ago, Zinho said:

The real inflation figure is and always has been far higher than the quoted figures we get from CBs.

p.s I saw a stat (I'll try find it) that simply holding S&P over time vs buying at market open and exiting at the close you would would be up exponentially more. I realise not everyone can sit there at 2:30pm (if you're a Brit) and manage your portfolio that way. But you can pay a money manager to do that. 

You are on something good here...

[Zinho]

1 minute ago, theman73 said:

You are on something good here...

You should try some 😃

[andrewse]

a santa sized sack of hopium 😛

[theman73]

1 minute ago, Zinho said:

You should try some 😃

I'm trying, virtual right now, started with 10k and now I'm on 32k trading only spot silver, next year I will start with real money

 

[Zinho]

Good luck. There's a big reality shift from trading a paper account to real money 🫡

 

[SidS]

21 minutes ago, Darr3nG said:

Hell of a ride, though...!

October 1929 looked real good, until it didn't. 😁

[theman73]

3 minutes ago, Zinho said:

Good luck. There's a big reality shift from trading a paper account to real money 🫡

 

I was scalping crypto a few years ago till the bloody Elon started his manipulations... I hate him, scalping horse racing on Betfair around 15 years ago plus arbs with online bookies. I lost money only on crypto due to this mf Elon (true that I was 10x leveraged)

[Zinho]

9 minutes ago, theman73 said:

I was scalping crypto a few years ago till the bloody Elon started his manipulations... I hate him, scalping horse racing on Betfair around 15 years ago plus arbs with online bookies. I lost money only on crypto due to this mf Elon (true that I was 10x leveraged)

I don't mean this to sound condescending, but did you employ a proper risk management strategy? It's very easy to get carried out using lev in crypto if you don't use a stop loss 😄

[Bigmarc]

8 minutes ago, Zinho said:

, but did you employ a proper risk management strategy

If you did that you wouldn't go anywhere near crypto

[Zinho]

5 minutes ago, Bigmarc said:

If you did that you wouldn't go anywhere near crypto

We'll agree to disagree there. Systemic risk is everywhere, scared money don't make money. 

[Bigmarc]

4 minutes ago, Zinho said:

We'll agree to disagree there. Systemic risk is everywhere, scared money don't make money. 

There is huge risk, thought that was the fun of it. 

[theman73]

25 minutes ago, Zinho said:

It's very easy to get carried out using lev in crypto if you don't use a stop loss

Stop loss are for the weak, I use my own hand.

Edited December 1, 2023 by theman73

[HonestMoneyGoldSilver]

5 hours ago, Zinho said:

If you had held the S&P500 since 1925, adjusted for inflation you would have netted zero. You have to get in and out. It's all well and good being the ethical investor, but i'm here to make money to better me and my family. 

I see. And if we remove ethical constraints on our investment and business activity .... you're buying stocks, cryptos and precious metals are you? I'd pick the black market every day of the week

[gji25]

2 minutes ago, HonestMoneyGoldSilver said:

I see. And if we remove ethical constraints on our investment and business activity .... you're buying stocks, cryptos and precious metals are you? I'd pick the black market every day of the week

hear! hear! ciggs and booze. you cant go wrong 👍

Edited December 1, 2023 by gji25
typo

[katyc]

6 hours ago, Zinho said:

If you had held the S&P500 since 1925, adjusted for inflation you would have netted zero.

Another thing to consider is that most smart investors who see what's coming (e.g. TSF members 😉) - who were investing pre 1925 - would have seen what's coming due to various indicators and got out and then bought back in at a low price, hence profited.

[katyc]

Additionally, most of us won't be buying in to the current S&P Santa rally because we know what's going on behind the scenes (because we dig deeper in to the data and ignore the lying media who report manipulated data). We are waiting for a drop then will go back to the usual dollar cost averaging for a decade or several (when things start to settle down). I could be wrong, but that's the impression I get for many. Although none of us will time it perfect, we'll likely fare better than those who are blindly investing.

Edited December 1, 2023 by katyc

[BLOOMMAN101]

37 minutes ago, gji25 said:

hear! hear! ciggs and booze. you cant go wrong 👍

+ bullets

[katyc]

Just now, BLOOMMAN101 said:

+ bullets

+ Crossbows

£19.95.... Hovering below the £20 today. Who's expecting a Friday smackdown?

[Darr3nG]

3 minutes ago, katyc said:

Who's expecting a Friday smackdown?

Can't wait...