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Silver Monitoring Thread £ (GBP) only.


Message added by ChrisSilver

To discuss price action in USD instead, please see here: https://thesilverforum.com/topic/19861-silver-monitoring-thread-usd-only/

 

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  • Founder & Administrator

Price seems so good at the moment, so tempted to buy a tube of libertads, but sadly can't really afford to do so :(

My posts are my personal opinions, they do not constitute advice or financial advice.

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TPTB wants the big money to move out of gold and into sovereign bonds.

Sovereign bonds, which have been doing well lately, may be the last domino to fall.

Imagine all that money going into precious metals instead. You would have to add on a few zeroes.

Edited by Cointreau
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Interesting. Might be time to hold off that big purchase and wait

http://moneyweek.com/silver-price-could-fall-by-20-percent/

Yea money week emailed me that. But for the last year they have been emailing me saying that now is the time to invest in precious metals and mines as these prices won't last. I think a lot of people expected silver to bounce right back to the highs, now I think that the silver price will make a slow and steady recovery after going sideways for a while.

Would be nice for a 20% fall, than I'll pick up a tube of libertads, and maybe even get some gold.

My posts are my personal opinions, they do not constitute advice or financial advice.

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So, silver just spiked through any hint of resistance to hit $19.10/oz, while gold broke $1255, up $11. Those libertads have just gotten a touch dearer. My thoughts of adding a gold Britannia next week will depend on whether a correction kicks in.

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That looked like a speculative jump followed by a small sell off, they tried price the increase into the market before the buying frenzy, thing is after a small sell off prices look to be steadily climbing, with the dollar also climbing today this seems quite bullish.       

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Was wondering the same myself.

Platinum & Rhodium have taken a fair hit too.

 

It's a shame it isn't silver or gold taking the hit.  Could do with some cheap(cheaper) goodies

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Iraq is practically in civil war territory now. Oil prices are rising and that will drag both gold and silver up with it. I expected us to head back towards £12/oz silver over the next few weeks but this may accelerate if Ukraine and the Middle East keep flaring up.

 

I don't know why these tin-pot countries cannot just keep an effin' lid on things until I finish my purchases for the month :angry:

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because europeans and americans want to export democracy.... which will never work. so it leaves everywhere they try in shambles.

 

look at japan, the middle east  and africa...

 

i agree, prices will rise with commodities currently in volatile zones. major Fracking operations will subdue this as would a north sea push for oil.

 

however with scotland wanting to be independent, it could result in a further escalation of price of oil.

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