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Silver Monitoring Thread £ (GBP) only.


Message added by ChrisSilver

To discuss price action in USD instead, please see here: https://thesilverforum.com/topic/19861-silver-monitoring-thread-usd-only/

 

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1 minute ago, Silverman2U said:

Well if the vaccine is “not accepted” (possible) with media hype, hard brexit upon us, money pumped into the system at all time highs, tech stocks in share mark at all time highs, housing the highest its ever been before, people loosing jobs hand over fiat in many sectors due to continued restrictions... I think the only think holding back the Sunami is politicians trying to get re-elected.. with government clinging on be their fingertips hoping the masses will no revolt.

If I won lotto tomorrow. I would be buying MORE gold and silver!! 

I am in this game for the long term. 
 

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12 hours ago, Silverman2U said:

Well if the vaccine is “not accepted” (possible) with media hype, hard brexit upon us, money pumped into the system at all time highs, tech stocks in share mark at all time highs, housing the highest its ever been before, people loosing jobs hand over fiat in many sectors due to continued restrictions... I think the only think holding back the Sunami is politicians trying to get re-elected.. with government clinging on be their fingertips hoping the masses will no revolt.

If I won lotto tomorrow. I would be buying MORE gold and silver!! 

I was inspired by a friend and retired local jeweller. In the middle of lockdown when the share markets had gone down the toilet he was selling scrap silver to eat and pay the bills. Ingenious. First thing in life... security. Silver and gold! 

Edited by Silverman2U
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18 minutes ago, Silverman2U said:

the masses will no revolt.

Its been an interesting year. spiritually its been called the second coming (been predicted for ever).
where things all open up. Think flower power globally, but without the drugs - well maybe some drugs LOL.
It will get a lot worse before it gets better socially, but thats the whole point as I can already seee the changes in normal people I know. 

Im gonna get the popcorn out and watch hits all unfold as all the pointers are a huge revolution of some sort, or loads of mini ones.
I honestly cant see PM's going down over the next few years (on the whole), so i need to be more patient.

Stock market crash - hopefully, but I am not sure?? £3,000 gold / £50 silver - certainly. 

Edited by Stacktastic
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On 24/11/2020 at 09:14, Silverman2U said:

I was inspired by a friend and retired local jeweller. In the middle of lockdown when the share markets had gone down the toilet he was selling scrap silver to eat and pay the bills. Ingenious. First thing in life... security. Silver and gold! 

What is so ingenious about that? You mean to say he had no savings to buy food and pay bills? Ffs If you had bought toilet rolls or hand sanitizer you would have made a killing. 

Edited by Erolroller
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16 minutes ago, Pete said:

I know why silver plunged because I just took delivery of my last bulk EU order before the VAT kicks in.
If silver drops a bit more the reduced VAT savings will be wiped out.
Sod's Law.

 

Don’t worry Pete it’s only a loss when you sell. Keep stacking, back up the truck 🛻 

Decus et tutamen (an ornament and a safeguard)

YouTube - https://www.youtube.com/channel/UC5OjxoCIsDbMgx7MM_l4CmA

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The gold/silver cabal are in a fix. i hear from Andrew Maguire that he personally knows someone who is standing for 30 tonnes of November gold deliveries. In total there are 47 tonnes that must be delivered on Monday. Then there is a much large amount for New Year's Eve in the December GC contracts.
They are thrashing around trying to shake out contracts and short cover. 
Maguire does get excited at times - the cabal is ever resourceful. In past times they would smash the price of paper contracts with impunity b/c very few stood for delivery but since the market broke earlier this year they are queuing up. 
i say just keep stacking. Get metal at the best prices you can find and keep going.

 

Edited by sixgun

Always cast your vote - Spoil your ballot slip. Put 'Spoilt Ballot - I do not consent.' These votes are counted. If you do not do this you are consenting to the tyranny. None of them are fit for purpose. 
A tyranny relies on propaganda and force. Once the propaganda fails all that's left is force.

COVID-19 is a cover story for the collapsing economy. Green Energy isn't Green and it isn't Renewable.

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4 hours ago, sixgun said:

i hear from Andrew Maguire that he personally knows someone who is standing for 30 tonnes of November gold deliveries.

I initially thought no way a single individual would have the financial means to stand for 30 tonnes of Gold deliveries but I did the sums 30 tonnes equivalent 964522.3971 troy oz and and current spot price $1,723,456,845. In the USA alone 614 Billionaires https://en.wikipedia.org/wiki/List_of_countries_by_number_of_billionaires and all it takes is one of them to diversify into physical Gold. A single billionaire would need to open 9645 futures contract on leverage then I would assume pony up the rest of the cash on expiration and ask for delivery. Financially yes it is plausible and feasible but the Comex would never allow a single individual to take Gold deliveries of 30 tonnes and allow that much Gold to be moved outside it vaults (yes for a sovereign country / bullion bank but surely no for an individual entity) and demand the futures contracts settled in cash and have the legal right to do so.

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1 minute ago, Abyss said:

I initially thought no way a single individual would have the financial means to stand for 30 tonnes of Gold deliveries but I did the sums 30 tonnes equivalent 964522.3971 troy oz and and current spot price $1,723,456,845. In the USA alone 614 Billionaires https://en.wikipedia.org/wiki/List_of_countries_by_number_of_billionaires and all it takes is one of them to diversify into physical Gold. A single billionaire would need to open 9645 futures contract on leverage then I would assume pony up the rest of the cash on expiration and ask for delivery. Financially yes it is plausible and feasible but the Comex would never allow a single individual to take Gold deliveries of 30 tonnes and allow that much Gold to be moved outside it vaults (yes for a sovereign country / bullion bank but surely no for an individual entity) and demand the futures contracts settled in cash and have the legal right to do so.

i don't know the specific circumstances - i wonder if Maguire is acting for this 'individual'. 
We can speculate all day about how this could or could not occur. i am simply repeating what Maguire has said this week.
Can you imagine the response of a multi-billionaire who shelled out $1.75 billion if the COMEX said you can pay out $1.75 billion - the gold is yours but you can't take it out of our vaults.

Always cast your vote - Spoil your ballot slip. Put 'Spoilt Ballot - I do not consent.' These votes are counted. If you do not do this you are consenting to the tyranny. None of them are fit for purpose. 
A tyranny relies on propaganda and force. Once the propaganda fails all that's left is force.

COVID-19 is a cover story for the collapsing economy. Green Energy isn't Green and it isn't Renewable.

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I am still struggling with this chart.
Why did silver rise so dramatically ( up 60% ) over the summer only to loose half these gains relatively quickly ?
I assume the big players that drive prices maybe realised their "ill gotten gains" using an "algorithm" but others who bought nearer the peak, believing silver is destined once again for loftier heights, will be sitting on close to 30% paper losses today.
 

983317776_Screenshot2020-11-29at11_55_02.thumb.png.157e60da80e79d35b0925a61ef158a89.png

Edited by Pete
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1 hour ago, Pete said:

I am still struggling with this chart.
Why did silver rise so dramatically ( up 60% ) over the summer only to loose half these gains relatively quickly ?
I assume the big players that drive prices maybe realised their "ill gotten gains" using an "algorithm" but others who bought nearer the peak, believing silver is destined once again for loftier heights, will be sitting on close to 30% paper losses today.
 

983317776_Screenshot2020-11-29at11_55_02.thumb.png.157e60da80e79d35b0925a61ef158a89.png

It’s Long term. No prob. Annoying that that. I put a bit more than I liked in, ho hum. Got 30 years to sit tight ;) 

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Silver is not a good long term investment. Look at the charts.

When the price went up 60% this year, I hope everyone got out.

 

 

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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3 hours ago, Pete said:

I am still struggling with this chart.
Why did silver rise so dramatically ( up 60% ) over the summer only to loose half these gains relatively quickly ?
I assume the big players that drive prices maybe realised their "ill gotten gains" using an "algorithm" but others who bought nearer the peak, believing silver is destined once again for loftier heights, will be sitting on close to 30% paper losses today.
 

If you overlay DXY(green) on silver(pink) and flip it vertical

dxysilver.thumb.jpg.d47ba883a8a7c45d381d33fc8ee3e250.jpg

 

They've only really decoupled as opposites and fallen together in November

People pulling out of fear assets to go into recovery possibly (incredibly optimistic) 

You can see price spiked 50% in a short space of time in 2008 then had a down period, I think we're in history repeating and the highlighted area, short term down but long term up. 

2008.thumb.jpg.9b8706bd831a395b85aa5d15d4ad8418.jpg

Edited by Kman

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

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15 minutes ago, HighlandTiger said:

Silver getting smacked down again..... I wonder where the bottom will be?

been watching it - It will probably test the prices in May. 
I wish I have some more money. 😛

I cant see gold going too much further, given the world economy - silver should follow that. 
Might turn around and explode again at the first half of 2021 when people realise they are not going back to normal? 

Edited by Stacktastic
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9 minutes ago, azogar said:

hi everyone - first post!! but before i get into posting, which is the best thread suited for posting charts etc? thanks in advance

The one it relates to ie gold for gold silver for silver and general if its a mashup

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8 hours ago, azogar said:

hi everyone - first post!! but before i get into posting, which is the best thread suited for posting charts etc? thanks in advance

Welcome, charts seem to be of little use this year 🤪, too much corruption and manipulation of late, but long term upside to come hopefully in 2021.

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8 hours ago, azogar said:

hi everyone - first post!! but before i get into posting, which is the best thread suited for posting charts etc? thanks in advance

Welcome to the forum. 

I would talk to KMAN, he loves his charts. 

I think the best thing is to look back to the 70's & 2008 and look at the trends.
The way I see it is silver moves quick and its hard to shift especially as a physical item. 

You just cant rely on it hitting £50 an ounce and staying there, judging by history, but long term who knows? 
Platinum is getting my attention now. My oz Brit is my favourite coin in my collection, but also very much harder to shift in physical. 

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15 minutes ago, Stacktastic said:

I would talk to KMAN, he loves his charts. 

It's true lol

Here is the latest one

Silver still has a lot of work to do to recover, lets see it can establish itself back above 24.45 - hasn't been able to do that since September

Obviously this move up is positive but it's positive within a negative area, I'd still be looking to sell rather than buy currently

silverchart1.thumb.jpg.1cced33a098fb288e9d792fa2e51e8f4.jpg

 

 

 

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

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18 hours ago, Kman said:

 

It's true lol

Here is the latest one

Silver still has a lot of work to do to recover, lets see it can establish itself back above 24.45 - hasn't been able to do that since September

Obviously this move up is positive but it's positive within a negative area, I'd still be looking to sell rather than buy currently

silverchart1.thumb.jpg.1cced33a098fb288e9d792fa2e51e8f4.jpg

 

 

 

just brought my first 50oz during that brief dip at £20.50 maybe I should of held off on your advice 🤦🏼‍♂️ lol 

Edited by stackingsi
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