Silver Monitoring Thread £ (GBP) only.

[Stretch]

Ouch!! I placed an order earlier and then the price tanks, typical.

[Fluttershy]

I think it`s related to this:

 

"Tuesday, August 5: Fresnillo Plc (LON:FRES) this morning released its interim results for the six months ended June 30, 2014, posting a 10 percent decline in first-half attributable profit to $130.1 million compared to $144.8 million a year earlier. Total revenue dropped 26.9 percent to $677.1million.

Fresnillo’s share price is currently trading 19p lower at 922.50p as of 15:52 BST."

 

taken from: http://invezz.com/news/equities/12445-fresnillo-share-price-lower-commodity-prices-hit-companys-profit

[simon13]

Don't understand why its dropped but I just put on another order. Can't wait to get my 10oz Koala

[Fluttershy]

I just bought 2x 100g bars also, it`s not much but it`ll keep me happy for a while

[klacey]

Im about to place an order, so keep an eye on sale thread for some deala. Love it when the price drops. lol

[HighlandTiger]

Buggerit....No more cash till next Tuesday. I could do with it either holding or dropping a bit more, till then.

[simon13]

£11.74 now. Anyone know why. Gold has recovered a bit but silver isn't following.

[craig12]

someone posted earlier a possible link as to why,  this price is the same as nearly 8 weeks ago  up and down like a brides nighty

[Ares]

Spot price'll do that.

[simon13]

Bloomberg;

"Silver futures fell to a six-week low as the dollar’s advance reduced the appeal of commodities as alternative investments. Gold, platinum and palladium dropped.

The greenback rose to a five-month high against a basket of 10 currencies amid signs of gains in the U.S. economy. In July, sales of silver coins by the U.S. Mint, the world’s largest, tumbled 27 percent from June to the lowest this year. The Bloomberg Commodity Spot Index of 22 raw materials dropped to the lowest since February.

“The dollar is pushing the precious metals lower,” Bart Melek, the head of commodity strategy at TD Securities in Toronto, said in a telephone interview. “Also, there is little physical demand for silver.”"

[craig12]

this must be a nervy weird time for buyers   wether  to wait another day  few days,  pile in now

[garthy]

 “Also, there is little physical demand for silver.”"

 

Who are they trying to kid? 

[SilverPirate]

It will be hard to resist adding ounces to the stack at these prices.Was saving for a full sovereign,but hard not to keep stacking that silver.how long a cycle to the up side will take i have no clue, but even if i pass it down to my granddaughters,it has to be done,with silver heading so low.

Bring my average down baby.

[garthy]

It will be hard to resist adding ounces to the stack at these prices.Was saving for a full sovereign,but hard not to keep stacking that silver.how long a cycle to the up side will take i have no clue, but even if i pass it down to my granddaughters,it has to be done,with silver heading so low.

Bring my average down baby.

 

I think I'm gonna hunt down the cheapest silver I can find, per oz delivered.

[craig12]

that's maples from stg I would have thought , and if you use the delivery thresholds  it brings it right down  but add one more oz and stg add another £8 on  I think the cut off for best delivery is 55 coins  but it could be 59

[HighlandTiger]

 “Also, there is little physical demand for silver.”"

 

They havn't seen Keithoils stack then............LOL

[silversword]

They havn't seen Keithoils stack then............LOL

The amount of slabbed stuff he buys, I would be better investing in plastics instead of silver.

[Stretch]

Looks like silver's gonna pop over £12 again.

[Stretch]

Looks like silver's gonna pop over £12 again.

Not cleared £12 then but I'm sure Russia will oblige with some ass kicking in Ukraine to send PM's higher for a while soon enough.

[simon13]

Be careful what you wish for.

[Stretch]

If I was to make a wish Simon13 that would be for our government and the Americans to mind their own business and concentrate on domestic issues such as debt, deficit and suppressed interest rates.

[Pipers]

that's maples from stg I would have thought , and if you use the delivery thresholds  it brings it right down  but add one more oz and stg add another £8 on  I think the cut off for best delivery is 55 coins  but it could be 59

 

How often do you place orders this size craig12

[Stretch]

Seems to be only geo political events keeping pm prices high. Deflation is looking like a real possibility no matter what the central banks do. If Ebola takes off in a western city I believe silver and gold would fall significantly. Also this Russian sanctions business may well be deflationary for pm's.

[HelpingHands]

Have we just dropped 25 cents for some unknown reason?

[Fluttershy]

probably something rigged to shake confidence in the new silver fix computer that started today, either that or it`s hung on: Abort, Retry, Fail ?