Silver Monitoring Thread £ (GBP) only.

[HawkHybrid]

I guess it's my turn to call out the 15:00 drop in pms

 

there might be more to come this time.

 

HH

[Danny-boy]

Blimey, hadn't noticed that. Maybe back into the 11's.

[DrDime]

Not sure if this is the place to post this but I've noticed lately that big movements happen in gold/silver and bitcoin at the same time.

[Danny-boy]

Not sure if this is the place to post this but I've noticed lately that big movements happen in gold/silver and bitcoin at the same time.

If you look a couple of pages back, I said exactly the same thing.

Nobody was interested lol.

[DrDime]

Must have missed that one :-/ it may be an indication that BTC is being increasingly viewed as a store of value. It didn't used to follow PMs so much in the past

Sent from my iPad using Tapatalk

[morezone]

Ooo. Might b hitting £12 soon. So close at the mo

[Keithoil]

All watching and waiting patiently.....

Edited July 24, 2014 by Keithoil

[morezone]

Big cheer.  Sub £12 now.

Makes no odds to me at present because I don't have anything to order.  I would like it to stay below £12 until close of markets just in case I visit Blackpool on Saturday.

[craig12]

£11.23  will be a major milestone as I think that was the lowest it hit  without going back 4 years  will dealers be dropping the price of coins/bars now or will premiums be higher?

[Danny-boy]

I wasn't expecting that today!!!

Payday next week too.

[craig12]

me neither danny /this is a sobering thought when you think of buying  20 oz or so  a friend of mine  is currently £55k  in the red after buying some shares in a company,  from just a year ago   makes a tube of anything   or a couple of sovs  seem like a good return

I have to laugh as I bought 5 oz for £60  I said to my fellow friend   im not sure I wanted too pay the £70 he offered them to me for  as I thought spot was going to fall after the Ukraine air incident,   didn't expect it to fall this far

Edited July 24, 2014 by craig12

[morezone]

£11.23  will be a major milestone as I think that was the lowest it hit  without going back 4 years  will dealers be dropping the price of coins/bars now or will premiums be higher?

 

Most dealers use real time price changes.  If it goes down, their price goes down.  If it goes up, their price goes up.  Or am I missing something??

[craig12]

apart from that sarnia lot  theyre about a week behind the real world,,  I think hgm and chards aren't live are they

Edited July 24, 2014 by craig12

[craig12]

there'll be some real crakpots/proffesors on the silver stackers site now predicting to da moon  , or I say it,ll be $1 by christmas

[morezone]

apart from that sarnia lot  theyre about a week behind the real world,,  I think hgm and chards aren't live are they

 

Some dealers might not do it in real time but they still do mirror the spot price proportionally.  If it takes a while for them to make downward adjustments, it will also take them a while to make upward adjustments.  It swings both ways so there is no bias.

It's not like they're deciding not the reduce prices down if spot goes down and will only increase if it goes up.

[Danny-boy]

It's not like they're deciding not the reduce prices down if spot goes down and will only increase if it goes up.

Unlike oil prices & petrol, gas prices and utility bills.

[morezone]

Unlike oil prices & petrol, gas prices and utility bills.

So annoying. They're so quick to increase to maintain their margins but only decrease when the want to follow another competitor because they've decreased to poach customers.

[garthy]

Not sure if this is the place to post this but I've noticed lately that big movements happen in gold/silver and bitcoin at the same time.

 

I think the reason for this is that America growth forcast was downgraded today by the IMF, which give people renewed confidence in the stockmarket because they know there will be no interest rate rise and no taper of QE, money left PM's and bitcoin the same time this news was announced, traders know the powers that be will continue propping up the market.   

[silversword]

Price has been bouncing around that £12 mark all day, with only a couple of overnight dips to £11.9x which were very brief. This is one of the few occasions when silver price hasn't mirrored movements in gold pricing.

[simon13]

I've been ready for a big STG order for 3 days now but spot has remained totally steady.  Want a wee drop down and I'll be happy.

[Keithoil]

@Simon13

 

If you wait it could continue rising!!!

 

If it did would you bite the bullet and buy or wait till it dropped again.

[simon13]

I've been patient for 3 day. Now. All I really want now is a wee token drop to justify my patience.

[Keithoil]

I hope it goes your way!!!!!

[morezone]

Thursday night/Friday morning last week was the lowest for a while.

I'm going to assume £2000+ order otherwise it's probably not worth holding out because as Keith has pointed out, it could go either way.

£12 vs £12.20 is 1.7% which is 1 extra coin per £1000.

[simon13]

I totally understand this... but it is now a matter of principal.