Silver Monitoring Thread £ (GBP) only.

[Shamatti]

Just call me " Paul the Prophet " from now on or "The Oracle" - i dont mind - really i dont 

 

Yeah....but! lol We are still up on this time last week, up on this time last month, and up on this time 6 months ago. So it aint so bad. Two steps forwards one step back is still progress!

[Pipers]

Silver/Gold down today maybe a bear squeeze on.

[HawkHybrid]

Yeah....but! lol We are still up on this time last week, up on this time last month, and up on this time 6 months ago. So it aint so bad. Two steps forwards one step back is still progress!

 

I'm also guessing an overall rise from this point

in the £/oz price of silver. gold was holding strong

yesterday in £'s and technically if silver would have

breached the moving average line properly it

should have increased it's drop at the point of

breaching(the long's selling). 

 

HH

[HelpingHands]

www.youtube.com/watch?v=f6nOgR6gH70

[HawkHybrid]

this could be the rise that leaves the £10.xx

behind us.

 

HH

[Danny-boy]

this could be the rise that leaves the £10.xx

behind us.

HH

Maybe not [emoji1]

[HighlandTiger]

Heading to the nines?

Edited June 4, 2015 by HighlandTiger

[craig12]

not been this cheap for around 6 months , but I still have to question , the price is now lower as everyone is selling

therefore   why rush in

never catch a falling knife and all that

Edited June 12, 2015 by craig12

[Stu]

not been this cheap for around 6 months , but I still have to question , the price is now lower as everyone is selling

therefore   why rush in

never catch a falling knife and all that

Half your order now and half later. If it goes down split the difference. If it goes up again, split the difference. Unless you know for certain that this price will drop further? A default or skirmish somewhere out of nowhere could send the price 10%+ upward

[HawkHybrid]

not been this cheap for around 6 months , but I still have to question , the price is now lower as everyone is selling

therefore   why rush in

never catch a falling knife and all that

 

if everyone is selling then who is buying?

if no one's buying why is the price not dropping

faster?

 

HH

[StackemHigh]

Who is selling and buying?

Is there some sort of manipulation going on selling and reselling to stabilise the market or big buyers hoarding large quantities of gold and silver ?

[Pipers]

Silver is grinding down again, so is Gold.  

 

Silver went below £10.20 that is significant.

 

I don't know how long this will last probably until Greece blows up big time. 

[immmelting]

I bought most of mine at £10.60 spot, and I don't have any more spare cash to buy more. I'm in it for long term. I hope most of you guys are in a position to do the same. Nobody knows what might happen in near future with greece etc... Kinda looking very uncertain towards the end of the year with China and Russia working on this new world reserve currency. America going to be in a lot of hurt.

[Pipers]

Hi immelting, at £10.60 you are in the same price band as £10.21 when the price falls below £10.20 its significant because there is a lot of support at that level in the markets.  

 

A lower price is a good thing when we are  accumulating and for the next 10  years a low price would be very helpful to us. 

[Pipers]

If you need to buy Silver think first.  If Greece defaults then the price of Silver and gold go up a lot.  If Greece and the IMF find a solution then Silver and Gold will fall in price.

[AuFinger]

I don't imagine double guessing will yield anything fruitful in the current paridgm of manipulated markets.

 

Sometimes just using your gut feeling is the best approach, and it's much easier to forgive yourself when you're wrong, if the decision was made from the heart rather than the mind.

 

 

 

 

In the long run silver is currently cheap.

 

If the world implodes, it's cheap right now.

 

If the world explodes in growth and prosperity, it's cheap right now.

 

If the cycle of gold/silver price continues it's expected dance, it's a good investment right now.

 

Only in the short or medium term would you lose out, especially if you buy mundane silver with VAT on top.

 

 

It's human nature to not be contrarian and follow everyone else like a sheep, but right now is a gift for buying PM for the longer term investment, and also fairly sensible as a tangible store of wealth. Assuming you don't lose it all out of a hole in your pocket, or a boating accident on the lake!

Edited June 23, 2015 by AuFinger

[Stu]

Could well see sub £10 before the US shuts up shop tonight

[Pete]

£10 and perhaps falling further ??

So tempting to place a serious order with STG to lower the £/oz average BUT if I go ahead we will be looking at even lower prices tomorrow.

[AuFinger]

Or don't buy and it goes up

5 years into a bear market and I'd be seeing this as bottom volatility in the bigger picture.

I guess it depends how long you want to hold it for, but I can see much bigger long term rises than falls at the £10 point.

But ultimately if you subscribe to manipulators suppressing price then it's fundamentally good value.

If it's not been suppressed and it's fundamentally low and dropping then can it really go much lower given the prevailing economic doldrums?

Tough one.

I say buy buy buy!

[FriedrichVonHayek]

I am glad I sold all my Silver last month as I can see it dropping much further after the Greek pantomime is resolved.

I am back buying a little bit here and there but I am waiting for a big shakeout before I pull the trigger.

[HelpingHands]

The closer it goes to zero the less risk there is.

Currently I can only lose about tenner. I hope I get to only potentially lose £9 if it drops a bit more.

Let's see if I can get away with that reasoning.

[FriedrichVonHayek]

The closer it goes to zero the less risk there is.

Currently I can only lose about tenner. I hope I get to only potentially lose £9 if it drops a bit more.

Let's see if I can get away with that reasoning.

That's the way I feel,the more it goes down the more bullish I am.

[Stu]

. If we do see further drops I hope the dealers do not up their premium to compensate.

[Danny-boy]

. If we do see further drops I hope the dealers do not up their premium to compensate.

They didn't last year when it dropped to the mid 9's.

Not that I remember anyway.

[HelpingHands]

I think the 10oz Koala was £117 ish.