Silver Monitoring Thread £ (GBP) only.

[HelpingHands]

I will ask in the STG question thread.

[Fluttershy]

just this minute bought 10 maples from STG for £150.99, not bad really! if it goes even lower I may do it again

[HelpingHands]

Are they your first coins?

[simon13]

I know how to predict when there will be a big drop in spot. Once I put on a big order, wait 2 days and it will have a nice drop.

Any theories on why its dropping?

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[Fluttershy]

Are they your first coins?

 

they are yes

I do have a pegasus round, but I guess that doesn`t count really.

[garthy]

The Australian government scrapped the 30% tax on mining profits today,  as the PM's fell the Australian mining sector made gains, that may have had downward pressure on gold and silver along with the fear of deflation in the EU, many are predicting a QE money printing program to be announced Thursday.

 

But none of that explains the way gold and silver fell off a cliff today, same old same old and yet again the regulators turn the other way.

[Stretch]

I think it's these Russian sanctions that are possibly being viewed as deflationary by the markets.

[HighlandTiger]

Who cares why it is falling, just use this time to.......................

[Danny-boy]

[garthy]

Good video here from Greg Mannarino tonight regarding why the gold and silver markets fell today, He knows his stuff.

http://m.youtube.com/watch?v=WqIB9e2YWyY

Edited September 2, 2014 by garthy

[morezone]

The £ is giving the $ a major whooping. The € is hanging on in there so all is not lost.

 

Actually it's the other way round since it's the £ that's devaluing.  But I'm sure you all knew what I meant

Edited September 8, 2014 by morezone

[HighlandTiger]

The £ is giving the $ a major whooping. The € is hanging on in there so all is not lost.

Yeah but PM's are still on the rise, Silver is in the mid £11.90's now     and the pound is still 2 cents down on the pre weekend price

Edited September 8, 2014 by Highland Tiger

[HighlandTiger]

Maples for 13.38GBP O.O

 

And 5 days later they are £14.02 

 

I hope everyone managed to get some nice big purchases in last week

[ukstack]

And 5 days later they are £14.02 

 

I hope everyone managed to get some nice big purchases in last week

Thats a price not including delivery 

 

say you bought 50 maples at £14.02 

when delivery costs are added in they come out at 14.30 anyway each so still a great time to buy just a touch more than before and the premium stuff is always higher 

[Shamatti]

Price changes are interesting today. There must be a lot of currency movement. I think the Pound is still losing ground against just about everything. And, quite astonishingly, the Euro has picked up a little. The Dollar is also strengthening. 

 

Predictions for silver? Sideways. It won't go anywhere until the markets weaken, and that aint gonna happen until the US stops printing money!

[Fluttershy]

according to the news, they recon it`s down to the whole Scotland thing, I can`t see it somehow, but that`s what they seem to blame it on.

 

as for silver going up a little, anything at 50p a gram or less is still good

[motorbikez]

according to the news, they recon it`s down to the whole Scotland thing, I can`t see it somehow, but that`s what they seem to blame it on.

 

as for silver going up a little, anything at 50p a gram or less is still good

 

Financial/currency markets do not like uncertainty so I would guess it has some bearing on the £.

[simon13]

In the event of a no vote, we'll probably see the £ strengthen (time to buy)... In the event if a yes vote, we'll see a big weakening of the £.

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[ukstack]

silver nearly hit £12 today now down a bit :]

[HighlandTiger]

silver nearly hit £12 today now down a bit :]

 

It has swung between £11.96 and £11.74. Markets just don't know which way to go......LOL

[HelpingHands]

Back to the 11.70s where we belong.

[garthy]

Most commodities have been taking a hammering of late, seems like they're loosing their battle with deflation.

[ukstack]

when to pull the trigger on some stuff 

 

been watching 40oz of premium drop nearly £16 overnight mmmmm

[simon13]

Well, if the Dollar continues to rise on expectation of an interest rate hike, and commodities continue to drop and there is a No vote then a strengthened £ will allow for some good metal prices.... As long as something really bad doesn't happen.

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[ukstack]

Well, if the Dollar continues to rise on expectation of an interest rate hike, and commodities continue to drop and there is a No vote then a strengthened £ will allow for some good metal prices.... As long as something really bad doesn't happen.

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what if its a yes vote how do you think it will effect things