Silver Monitoring Thread £ (GBP) only.

[AndrewSL76]

2 minutes ago, James32 said:

😂😂 really need to keep my reactions for night time🙈

It was over a year ago! How time flies:

 

[KevjustKev]

17 hours ago, AndrewSL76 said:

We have discussed this before. They are hidden in his piano. It’s why when it’s being played there is always a dull thud from the Middle C.

It's not a true middle C as most piano's are not tuned at A440Hz

[HerefordBullyun]

7 minutes ago, tallthinkev said:

It's not a true middle C as most piano's are not tuned at A440Hz

Its clear to say this man knows how to tinkle his ivories. I much prefer to tinkle ladies ovaries though!

[AndrewSL76]

13 minutes ago, HerefordBullyun said:

Its clear to say this man knows how to tinkle his ivories. I much prefer to tinkle ladies ovaries though!

If this was a saliva monitoring thread, Bully would be overflowing.  

[Stacktastic]

So what caused this metals Euphoria this week and why has it suddenly finished? 

Lets hope it sends it lower so we can load up for there real thing (whenever that happens)? 

Edited January 21, 2022 by Stacktastic

[goldmember44]

16 hours ago, Stacktastic said:

So what caused this metals Euphoria this week and why has it suddenly finished? 

Lets hope it sends it lower so we can load up for there real thing (whenever that happens)? 

My guess is general economic worries regarding inflationary pressures, as well as geopolitical concerns regarding the much-hyped by media Ukraine-Russia-NATO standoff.

I don't think it has finished, merely took a breather, and will continue next week. It's looking bullish for gold, and especially for silver and platinum.

[CANV]

I’m sticking with my conspiracy theory that the banks don’t have the white metals in their vaults to back up the paper they have issued and people are gradually finding out..   obviously this is zero evidence gash but I like it 

[Stacktastic]

48 minutes ago, CANV said:

I’m sticking with my conspiracy theory. 

I would not call it a conspiracy theory - is there a ton of paper silver that massively outweighs physical above ground?? 
And that includes the likes of us who are hoarding it and industry stock piles. 

Edited January 22, 2022 by Stacktastic

[Stacktastic]

On 22/01/2022 at 14:18, goldmember44 said:

I don't think it has finished, merely took a breather, and will continue next week. 

Not so sure - as I said somehting is fishy about this run - reeks of bored crypto & nasdaq pumpers. 
POLY is down 7%, HOC 5%, GDXJ 4%. Im surprised given the drop in crypto over the weekend. 

I was waiting for a big dip & that run up could help things considerably to get great exposure.
We have seen how these markets can and probbaly will move, hopefully the miners will remain unloved this quarter.  

Edited January 24, 2022 by Stacktastic

[silversky]

For those who think inflation is transitory, while Peter Doocy was being wrangled out of the room he asked Brandon, "do you think inflation is a political liability Mr President?".  This is Brandon's response!!!

 

[Gruff]

2 minutes ago, silversky said:

For those who think inflation is transitory, while Peter Doocy was being wrangled out of the room he asked Brandon, "do you think inflation is a political liability Mr President?".  This is Brandon's response!!!

 

Saw that, hilarious. It really shows his cognitive state if he thinks he can just say things like that. 

 

[sixgun]

This is the silver squeeze in action. i know some dismiss it saying that the collective collectors don't and can't have an effect. Silver squeeze days or weekends or whatever doesn't, but a relentless squeeze keeps drawing down on reserves. The European refineries are not producing silver. There are supplies in Russia and elsewhere but those are tapped out for most of this year. Silver squeeze and a record year for coins and bars. U.S. Mint Silver Eagle sales already reached 4.4 million in January 2022. Coincidence?

[Gruff]

6 minutes ago, sixgun said:

This is the silver squeeze in action. i know some dismiss it saying that the collective collectors don't and can't have an effect. Silver squeeze days or weekends or whatever doesn't, but a relentless squeeze keeps drawing down on reserves. The European refineries are not producing silver. There are supplies in Russia and elsewhere but those are tapped out for most of this year. Silver squeeze and a record year for coins and bars. U.S. Mint Silver Eagle sales already reached 4.4 million in January 2022. Coincidence?

Interesting that more than 10% of that was purchased in the last year

[sjhdesmond]

6 hours ago, Gruff said:

Saw that, hilarious. It really shows his cognitive state if he thinks he can just say things like that. 

 

Poor America, that's pretty bad luck to get two consecutive mentally disabled presidents.

[Gruff]

2 hours ago, sjhdesmond said:

Poor America, that's pretty bad luck to get two consecutive mentally disabled presidents.

True, but you can say that about a lot of countries. The only installed heads of state, be they presidents or Prime Ministers are there due to the controlling globalist companies pushing their agenda. Look at BoJo as well as Macron. Two complete clowns that give zero f*cks for any lay person. 

All politics nowadays is soap opera, designed to keep the masses entertained 24x7

[sjhdesmond]

3 hours ago, Gruff said:

BoJo

Yup.

I wasn't being smug. We could get Liz Truss as Prime Minister next, then we'd be equal with the US on two in a row.

[SidS]

We'd be on three in a row, Theresa May was awful. She'd make a good robot though.

[Gruff]

30 minutes ago, SidS said:

We'd be on three in a row, Theresa May was awful. She'd make a good robot though.

To be fair we could call into question David Cameron as well! And ol' big ears himself before that. The man that saw fit to sell most of the UKs gold at knockdown prices... So we could be on 5 in a row if add that war mongering Blair into the mix. This just proves the point that politics globally has been farcical for decades. 

[sjhdesmond]

36 minutes ago, SidS said:

We'd be on three in a row, Theresa May was awful. She'd make a good robot though.

Well I was only meaning leaders who are mentally disabled. Theresa May was useless and actually borderline evil, while Cameron just useless.  Agreed, Brown was a prat for selling off our sovereigns, and yes Blair has the souls of a million Iraqis haunting him for eternity.  But I don't think they were mentally disabled. Just useless.

[HerefordBullyun]

1 minute ago, Gruff said:

To be fair we could call into question David Cameron as well! And ol' big ears himself before that. The man that saw fit to sell most of the UKs gold at knockdown prices... So we could be on 5 in a row if add that war mongering Blair into the mix. This just proves the point that politics globally has been farcical for decades. 

I will say it before and I will say it again never in my lifetime have we everhad a competant PM. 

Thatcher rigged the so called free markets, in favour of the elites. And set the roadmap for future financial crashes, by alowing CDO's and derirative bubbles.

Major - Nearly bankrupt Britian and dithered with the.ERM

Blair - War criminal and champagne socialist

Gordon Broon - Sold all UKs gold at lowest price, one eyed incompetant baffoon. Fannied about during the financial crash, doesnt have a clue about economics to boot.

David camoron - A moron alright - Offshore finanical fiddling - self serving anus, like osbourne too. 

Theresa May - A weak leader, and another fabric member of establishment. Part of the banking cartel.

Bojo - a lying self serving etonian clown - PPE baackhanders having p1ss ups whilst everyones dying including royality.

All are facts...... And if you voted for them - your to blame.... 

 

[Stacktastic]

On 19/01/2022 at 11:43, HerefordBullyun said:

Not listed on my FT account but Maneco64 did a good TA on silver today.

 

Whoever watches Maneco believes him is on a loosing streak. Nice guy (I have had a video chat with him), but clueless & wrong about a lot of things. 
He clearly knows zero about charts, the stock market, the dollar, deleveraging, sector rotation, inflation, bond yields, supply/demand - the list goes on. 
He has apparently been a broker & also owned a pawn shop & a gold bug since 2002?

I have thought & continue to think that we will be seeing $20 silver before too long. 
Then its a journey up to ATH, by the end of the year / middle of next year.  
No crystal ball on that - largely short term technicals & long term fundamentals. 
I sold my Kinross position as this is a steal of a lifetime for the miners (soon),
bet there are tons of 2020 bag holders (i am one) that have stops on the march lows - hit that and boom. 

Edited January 28, 2022 by Stacktastic

[silversky]

Looks like gold in USD has about $50-$100 to fall as it traces out an abc corrective wave of a longer term E wave.  After the E is complete, the most likely direction is a new and huge wave upwards.  E legs often stop short of course so the rebound may happen before that.  I suspect the trigger for this decline was the "Ukraine crisis averted" understanding (even while the media were amplifying it falsely), but a collapse in gold was due anyway.  I don't expect it will last long and I doubt it will trace it all the way to the tip of the triangle.

Silver in GBP is simply being dragged along as a passenger on gold's chart.  It cannot run counter to gold for very long and so it must follow it down until gold has neared a bottom.  The two metals have been out of sync in their price waves for quite a while.  I see this triangle as aligning them to a better degree.  When they get back into sync will be when fireworks start to fly.

[flyingveepixie]

Would it be logical to assume that silver will only fall so far until it reaches a certain point, that point being the cost of getting it out of the ground and through the purification process, whatever that might entail...it seems illogical that it would fall below this point or the mining and refining process would simply stop for lack of viability. 

Edited January 28, 2022 by flyingveepixie

[James32]

1 minute ago, flyingveepixie said:

Would it be logical to assume that silver will only fall so far until it reaches a certain point, that point being the cost of getting it out of the ground and through the purification process, whatever that might entail...it seems illogical that it would fall below this point or the mining and refining process would simply stop for lack of viability. 

Seems very very plausible to me.

[stefffana]

2 hours ago, flyingveepixie said:

Would it be logical to assume that silver will only fall so far until it reaches a certain point, that point being the cost of getting it out of the ground and through the purification process, whatever that might entail...it seems illogical that it would fall below this point or the mining and refining process would simply stop for lack of viability. 

And after, the price will start rising again because the demand will be higher than supply. It is cyclical.