Silver Monitoring Thread £ (GBP) only.

[Earthmetal]

12 minutes ago, silversky said:

Do you realistically see any government coming to power who will not continue this policy?  I don't.  

No, because no-elected party ever comes to true power, or policy making.
Power & policy is directed by the corporate lobbyists, via the (non-elected) Civil Service, to the mouths of puppet career 'politicians'.

When a very rare instance happens of a politician letting their brain/conscience/scruples get ahead of their career and income, they are swiftly and efficiently 'dealt with', Andrew Bridgen being the most recent example.

[BLOOMMAN101]

13 minutes ago, silversky said:

It would take massive negative flows to change significantly the demand floor on housing.  Many of the recently imported care workers are living four to a room in shared accommodation.  Even if many were to leave, there would still be enormous demand for better living conditions amongst those who remained.  Add to that the near 100% increase in certain building materials, and the idea of building houses to make them cheaper is simply off the table.

I would be interested to see a long term chart of house prices vs ounces of Silver if anyone has one?  I'm aware that one exists somewhere for gold, but I'm curious to see one based on Silver.

http://www.goldchartsrus.com/chartstemp/USHLSPOG1.php

[Earthmetal]

9 minutes ago, BLOOMMAN101 said:

http://www.goldchartsrus.com/chartstemp/USHLSPOG1.php

A close correlation there.

[silversky]

Thanks  @BLOOMMAN101 for the chart.  Reposted clipped below.  It would appear that houses are cheap (ish) compared to Silver!!!

[silversky]

Looking at the chart, the time to sell the house and back up a few trucks outside Chards was clearly between 2000 and 2005 when Silver was in the weeds.  Interesting because buying a house in that period made some significant gains relative to now.  But nothing like the gains that would have come from Silver.  We appear to be somewhere close to the middle in terms of multiples.  15000 / 3 is back to 5000 ounces per house, and 15000 x 3 is back up to the cheap silver days of 45000

[sixgun]

1 hour ago, silversky said:

It's value in toilet paper is not really relevant.    Demographic forces are unlikely to reverse for several decades in the UK, and freeing yourself from having to pay ever increasing amounts of toilet paper rent is valuable to you.  The only way the supply of renters and potential owners is ever going down, is if a forceful government retroactively cancels a load of new British citizens, and starts deporting them.  Such a move is virtually impossible in the modern global world.  The last time someone tried that sort of thing, the global community railed against them, and a world war ensued.  We'd have far worse problems to worry about if such a situation developed again.  Basically, housing pressure is here to stay.  It'll be bickered about as always, and tinkered around with ineffectually from time to time, but ultimately it is here to stay certainly until the boomers and gen x die off in large numbers.  It's good to relieve yourself early... of any requirement to pay toilet paper charges every month. 

Mr Sunak could always mandate the useless eaters take multiple doses of Climate Change in the form of his upcoming long list of mRNA / plasmid DNA special injections. That'll sort it.

[HonestMoneyGoldSilver]

Not a fan of Sunak or even the idea of Sunak but I will give credit where it's due. He somewhat listened with regards oil and gas. He has issued hundreds of new permits for oil and gas exploration/exploitation in the North Sea. I agree with his logic when defending this move - "it's the greenest solution to get it from the North Sea rather than ship it halfway across the world". I've said that several times in relation to EVs and "green energy" directives like wind and solar

The new permits will be a win-win for the richest and a small win for the ordinary man, not a win for the country as a whole. A win for the country would be giving citizens shareholder ownership, rights and dividends in the companies who have been granted permission to exploit the North Sea. The energy companies operate on limited liability, passing the unlimited liability to the taxpayer. In a very real sense we are subsidising private companies with foreign shareholders by picking up the tab while they profit with tens of billions annually

I'm a guy who likes traditional British and Christian values. I am not into this new-age c**p, open borders or social justice. With regards immigrants they are actually necessary. Not in the volume we've seen recently but over the long-term our rate of immigration should be roughly + 0.7%/year. We've been running far hotter than that for the last 20 years, meaning we need to reduce immigration to 0% for a decade to rebalance

When it comes to pressures on the housing market, in many jurisdictions there are 10 times more people arriving than new houses being built. Think about that. Our influx of people is a full order of magnitude greater than our ability to house them and provide public services (GPs, NHS, roads, schools, etc). Even a dramatic reduction in immigration or a reduction to 0% for a decade is not going to fix the enormous housing and public services problems. The demand for property and the cultural attachment here to property (winter is a thing) means there are going to be more buyers than properties for sale throughout the entirety of the UK most likely for the rest of our lifetimes

I'm sure that affects silver prices somehow but there has been no widespread buying of the dip so far this week. As I've been saying for a while, from now until the end of August is a great time to be adding to your silver (and gold) stack

[MancunianStacker]

On 10/08/2023 at 09:16, Joshp said:

I'm currently looking for a mortgage broker, (a good one). Are you able to offer any guidance? 🙂

I’ll PM you 👍🏻 

[silversky]

Interesting spike low on release of better than expected US retail figures.  Perhaps that was just an electronic push which failed?  The price has again rebounded sharply though, and it could in fact be the bottom for now.  I will be interested to see how tomorrow's UK inflation numbers come in.  That might make a bit of a change to the GBP.

Edited August 15, 2023 by silversky

[CANV]

On 11/08/2023 at 18:02, HonestMoneyGoldSilver said:

Not a fan of Sunak or even the idea of Sunak but I will give credit where it's due. He somewhat listened with regards oil and gas. He has issued hundreds of new permits for oil and gas exploration/exploitation in the North Sea. I agree with his logic when defending this move - "it's the greenest solution to get it from the North Sea rather than ship it halfway across the world". I've said that several times in relation to EVs and "green energy" directives like wind and solar

The new permits will be a win-win for the richest and a small win for the ordinary man, not a win for the country as a whole. A win for the country would be giving citizens shareholder ownership, rights and dividends in the companies who have been granted permission to exploit the North Sea. The energy companies operate on limited liability, passing the unlimited liability to the taxpayer. In a very real sense we are subsidising private companies with foreign shareholders by picking up the tab while they profit with tens of billions annually

I'm a guy who likes traditional British and Christian values. I am not into this new-age c**p, open borders or social justice. With regards immigrants they are actually necessary. Not in the volume we've seen recently but over the long-term our rate of immigration should be roughly + 0.7%/year. We've been running far hotter than that for the last 20 years, meaning we need to reduce immigration to 0% for a decade to rebalance

When it comes to pressures on the housing market, in many jurisdictions there are 10 times more people arriving than new houses being built. Think about that. Our influx of people is a full order of magnitude greater than our ability to house them and provide public services (GPs, NHS, roads, schools, etc). Even a dramatic reduction in immigration or a reduction to 0% for a decade is not going to fix the enormous housing and public services problems. The demand for property and the cultural attachment here to property (winter is a thing) means there are going to be more buyers than properties for sale throughout the entirety of the UK most likely for the rest of our lifetimes

I'm sure that affects silver prices somehow but there has been no widespread buying of the dip so far this week. As I've been saying for a while, from now until the end of August is a great time to be adding to your silver (and gold) stack

anyone who says using our own oil and gas is a 'green' solution is either a moron or too cowardly to actually say,, using our own oil and gas is what we should have been doing for the last 25 years and we would have made a fortune..  

[flyingveepixie]

10 hours ago, CANV said:

anyone who says using our own oil and gas is a 'green' solution is either a moron or too cowardly to actually say,, using our own oil and gas is what we should have been doing for the last 25 years and we would have made a fortune..  

There is no such thing as "green" in the same way that there is no such thing as "the climate emergency".   Apart from the colour of grass and what you might find in a tin of paint of course..!  The word "green" has been hijacked by politicians and activists for their own divisive purposes, and the purposes of their masters in the billionaire club in the same way that the word "Rainbow" and many other words and phrases have been hijacked and turned into political tools for sinister purposes.

Completely off topic : my apologies.🤮

The price of silver is currently a few pennies higher than it was 12 hours ago at £17.786, but still going down steadily when viewed over the last week. The picture looks even worse when viewing the trend over the last month which shows a drop in value of 6.87%. from £19.325 on 21/07/23.  On the 6 month chart, silver was at it's highest on 14th April at around £20.797.

Edited August 16, 2023 by flyingveepixie

[EdwardTeach]

On 16/08/2023 at 05:29, flyingveepixie said:

The word "green" has been hijacked by politicians and activists for their own divisive purposes, and the purposes of their masters in the billionaire club in the same way that the word "Rainbow" and many other words and phrases have been hijacked and turned into political tools for sinister purposes.

 

"The science" is another hijacked phrase which has been turned political and no longer has anything to do with the actual scientific method.

Hypothesis > method > experiment > results > conclusion > peer review/debate/reproduction of results etc. You know, all that useful stuff kids used to get taught in schools before they were turned into woke indoctrination camps by Marxists.

 

Edited August 18, 2023 by EdwardTeach

[flyingveepixie]

25 minutes ago, EdwardTeach said:

"The science" is another hijacked phrase which has been turned political and no longer has anything to so with the actual scientific method.

Hypothesis > method > experiment > results > conclusion > peer review/debate/reproduction of results etc. You know, all that useful stuff kids used to get taught in schools before they were turned into politicised woke indoctrination camps by Marxists.

Ah yes,  "The Science"   another classic example....

[Coverte]

So it's just another dip - must maintain confidence in one's own original convictions; Rick Rule on Eric Sprott:

 

Edited August 17, 2023 by Coverte

[theman73]

It's easy to manipulate the market when you are:

 

 

[BLOOMMAN101]

The full interview is here for anyone with the time

 

[Bigmarc]

Ah Joe Rogan. The guy almost had me convinced I should start micro dosing magic mushrooms. I did a few days of research but the missus was having none of it. 

[BLOOMMAN101]

I did a bit of "research" myself over the years 

 

Edited August 17, 2023 by BLOOMMAN101

[monkey]

Rather strong pump today. lets see if it continues..... or get hammered down again.

[theman73]

3 minutes ago, monkey said:

Rather strong pump today. lets see if it continues..... or get hammered down again.

We will find out in a few minutes.. Americaaaaaaa

[stefffana]

Nice to see again...

 

[theman73]

1 minute ago, stefffana said:

Nice to see again...

 

Now the question is why the silver was £17,60 a few days ago

Not because of manipulation... no no no

[MBTPSilver]

Quite the rise this week, up 8% in GBP. 7% in USD so not just the weaker pound, seems to gaining some nice momentum. Recently it keeps hitting resistance at $25/£20 ish level so we'll see what happens this time. I'm glad I topped up at sub-£18 now!

[BLOOMMAN101]

[monkey]

I have some possible price targets in site, not been charting long but the patterns I find seem to have a fair degree of prediction.

If the capping line I have is broken I have a near term target of £21 again.