Silver Monitoring Thread £ (GBP) only.

[Gruff]

Let's be honest, it wasn't hard to see that the birds would come home to roost. You can't print FIAT debt into creation at the rate they have over such a short time frame and expect there to be no inflation. Unless you're really, really, really stupid!

Hopefully we will get to write the additional zero's we need onto the fiat notes we hold 
I for one am keen to get a permanent marker out and start defacing "paper"

[SidS]

9 minutes ago, Gruff said:

Unless you're really, really, really stupid!

Modern Monetary Theory.

🤣

[silversky]

27 minutes ago, Gruff said:

Let's be honest, it wasn't hard to see that the birds would come home to roost. You can't print FIAT debt into creation at the rate they have over such a short time frame and expect there to be no inflation. Unless you're really, really, really stupid!

Hopefully we will get to write the additional zero's we need onto the fiat notes we hold 
I for one am keen to get a permanent marker out and start defacing "paper"

On top of the crippling money printing, the Biden administration deliberately sabotaged cheap energy in the US, by ending the fracking boom and shutting down US Canada pipeline construction.  Cheap energy makes everything possible, without it everything becomes expensive and the global price of oil has shot up as a result of Biden's supply restrictions.  When you throw sand in your own gearbox like that, it really shouldn't come as a surprise when it stops working!  A lot more to come as the cost of energy starts to bite.  Complete clowns!

[Gruff]

@silversky Agreed, the Europe/UK situation is no different. Committing to Net Carbon Zero without actually having a viable alternative to go to besides massive depopulation so that there are less citizens to consume resources.

[Martlet]

1 hour ago, Gruff said:

Let's be honest, it wasn't hard to see that the birds would come home to roost. You can't print FIAT debt into creation at the rate they have over such a short time frame and expect there to be no inflation. Unless you're really, really, really stupid!

Or can understand the difference between demand side and supply side pressures. 

Like, for example, price of oil going up not because of demand increasing but supply being restricted. 

[silversky]

[Gruff]

14 minutes ago, silversky said:

Sad but true, the sooner people wake up and realise that this current crisis is an IQ test the better.

[Paul]

We at £50oz yet???

[Gruff]

@Paul Nearly mate, nearly 

[Paul]

50 minutes ago, Gruff said:

@Paul Nearly mate, nearly 

only been waiting since 2010

 

[SidS]

3 hours ago, Gruff said:

@silversky Agreed, the Europe/UK situation is no different. Committing to Net Carbon Zero without actually having a viable alternative to go to besides massive depopulation so that there are less citizens to consume resources.

Of course does it not negate the whole thing when the Carbon emission is simply exported to another country?

2 hours ago, silversky said:

So that's why Shatner went to space.

[Minimalist]

3 hours ago, Gruff said:

Sad but true, the sooner people wake up and realise that this current crisis is an IQ test the better.

Far too many people think if they comply with a tyranny it will boil over and they wont be effected. The truth is most will give up their existance for food and "security". But theres no doubt this will be denied from a historical and current perspective from the average person. 

[GoldStandardPartyUK]

Get ready for them to blame currency speculators and unpatriotic gold hoarders

[sixgun]

Sounded more like an excuse to advertise and panic the children

 

Edited October 14, 2021 by sixgun

[Gruff]

12 minutes ago, sixgun said:

 

Interesting... 

next thing us stackers will be blamed for global shortages and the reason inflation is running as it is 

[Paul]

This is very big news it fully true.

  However,....mmmmmm

Head of big bullion dealer will always says it's a good time to buy pm

 

 

[365DaysofSilver]

8 hours ago, Paul said:

We at £50oz yet???

That’s next week 

[Stacktastic]

11 hours ago, Mothballjim said:

That’s next week 

Oh I hope so.  I would love to transfer my silver to cash and buy gold or uranium stocks. 
I thought we might have another leg down to the 15's but that was wishful thinking. 
Its amazing isnt it, everyone knows there is inflation dont they, but they have to rely on the government to tell them. 
I don't care all my gold miner stocks are up now as they were horrendously cheap considering the fundamentals. 
I think a lot of us can see decent gains on PM & stocks this year ahead.   

Edited October 15, 2021 by Stacktastic

[sixgun]

 

[silversky]

Bets on next weeks close?  Up, down, flat?

[Gruff]

7 hours ago, silversky said:

Bets on next weeks close?  Up, down, flat?

I think it'll be relatively flat at the close. Pure finger in the sky stuff

[HerefordBullyun]

heres the crack - something is said by Central bank that about thier failings which makes PMs rise in the week and then they get monkey hammered down by the bullion banks and the banks, and LMBA and BIS, rinse and repeat until a financial crash.

Edited October 16, 2021 by HerefordBullyun

[noddycoder]

On 14/10/2021 at 13:37, silversky said:

 

 

Edited October 17, 2021 by noddycoder
sp.

[DarkChameleon]

7 hours ago, HerefordBullyun said:

heres the crack - something is said by Central bank that about thier failings which makes PMs rise in the week and then they get monkey hammered down by the bullion banks and the banks, and LMBA and BIS, rinse and repeat until a financial crash.

They're only being allowed to manipulate the PM markets because they're keeping the currency fake high, if they ran true inflation could go hyper with min 10% increase over a couple of weeks comparred to years.

[silversky]

On 16/10/2021 at 07:12, Gruff said:

I think it'll be relatively flat at the close. Pure finger in the sky stuff

It's a bit harder this week.  There's resistance up above and a good chance that a wave down is due.  That being said, I think there's a chance that a blast right through might take place.  Other non pm  metals have been performing strongly and imo there's an even chance that interest in silver picks up.  Most still expect a wave down in silver so I think I think they'll be disappointed.  My bet is for a higher close.