Silver Monitoring Thread £ (GBP) only.

[Webster]

1 minute ago, a_a said:

Stocks.

If everyone was a winner in stocks then everyone woud be rich, I need more knowledge before I go into stocks. Any advice for a rookie?

[KDave]

Buy low and sell high. Best advice I ever got. 

[Webster]

1 minute ago, KDave said:

Buy low and sell high. Best advice I ever got. 

Would be great to know when something is at it's 'low'. If people knew apple was going to take off we would have a lot more millionaires

[Paul]

Put the risk and reward in the fate of OTHER peoples hands ?? .....................err NO.  Stocks ???  if you have six figures ??  maybe.......a little 

Society & mainstream thinking, always advises YOU, to trust OTHERS, with YOUR money ! and for your complacency more often than not will charge you a fee or commission to do so 

I DONT THINK SO

If you are sat on £1k, £10k, or £100k in the bank and you have it sat earning the bear minimum in passive income you guys are seriously lacking creativity?

If you have MADE  £10k in (X) industry, invest the hell in it, this is where you have MADE the money - if you've made profit there. you must obviously know what your doing

Folk are lacking education, Folk are lacking enthusiasm, Folk want it handed on a plate

Tie your money up for years in some crappy sub 1% ISA , that doesn't even cover what it will buy you in 1yr/3yrs/5yrs via erosion of inflation. So your cash will buy you less 'things' after the duration.

YAY !!! we have negative interest rates now in Europe and no doubt coming very soon to Uk with our £2trillion + deficit!  

INVEST NOW - we will see you only loose the very least in the years you tie it up with us - GREAT - Sign me up Jack !

Can folk not ????????????

• If someone who can buy and sell an under price car at auction ? buy for £700 and flip for £800
• Flip rubbish from a car boot for a few sheckles more on eBay in their spare time after work ?
• Can you not buy that extra bit of kit for your business to add an extra income stream ?
• Upgrade from a home inkjet printer to a dry-lab home professional  prints you can sell dog enlargements/school sports day prints/celebration birthday.wedding. nights in your local club
• Buy a closed pub and convert it to a cannabis farm in the cellar and upstairs and live off the bar takings as a 'legit' living
• Go onto new build estates to create a window cleaning round, if folk are daft enough to pay £250k for a shoe box of cardboard new build, your £6 a fortnight cleaning their windows is easy pickings
• Purchase knowledge, surround yourself with folk who can improve you, learn, read, research,have connections, make contacts.
• .....................and 10,000s more examples

 

Human nature is ridiculously selfish, and only serves ITSELF 

YOU fulfil a need in ANY, in ANY market, that makes things EASIER, CHEAPER, SMALLER, FASTER, MORE REGULAR, BETTER, NICER, FANCIER you will make far and away above what you will ever get relying on others to make the money for you. 

 

 

Edited April 18, 2016 by Paul

[LongJohnSilver]

Whoah, big moves early 

[HighlandTiger]

I'm nearly there .....    

I've got 175 ozt of sterling silver and I'm only £2.71 down on spot price. A couple more pennies on the price of silver and I'll officially be in profit.

Shame my deluded foray into the murky world of numismatics means i've still got a way to go before I can say the same about my bits of round lumps of silver with the pretty animals stamped on them.    

Edited April 19, 2016 by HighlandTiger

[Shinus73]

10 minutes ago, HighlandTiger said:

I'm nearly there .....    

I've got 175 ozt of sterling silver and I'm only £2.71 down on spot price. A couple more pennies on the price of silver and I'll officially be in profit.

Shame my deluded foray into the murky world of numismatics means i've still got a way to go before I can say the same about my bits of round lumps of silver with the pretty animals stamped on them.    

For a fleeting moment this morning, at a spot price of £11.69, my silver spreadsheet went 'green' for the first time since the heady days of April 2011. Happy days - let's see how long it lasts...

[Danny-boy]

My 750oz of silver is at an average of £11.72.

I'm 0.6% away from going green [emoji1]

[vand]

Argh.

Was going to buy more ozs yesterday but delayed it and now have to pay 3% more!

Technical analysts will tell you this is a serious technical breakout from the reverse H&S formation.

Next challenge is £12.40 level from Jan 2015... just a few more % away now.

Edited April 19, 2016 by vand

[Cornishfarmer]

Out of interest are you all calling break even spot price or the 80/90% of spot dealers will pay?

[Paul]

[Danny-boy]

Out of interest are you all calling break even spot price or the 80/90% of spot dealers will pay?

Spot price.

[pho]

11 minutes ago, Cornishfarmer said:

Out of interest are you all calling break even spot price or the 80/90% of spot dealers will pay?

doesn't that kind of depend what exactly they're buying back though?
A local dealer here for example is paying 11,5% OVER spot when buying back silver maple leafs (and 12% for silver eagles)

[vand]

I'm tracking everything in a googlesheet which tells me I have acquired 483oz at an average of £14.30/oz in 3 months since I started stacking, mainly acquired through CelticGold & STG. Stack is quite diversified, with a balance of govt coins from the lowest premium maples/kangaroos up to lunar coins. Hoping to build up to ~1000oz by end of the year, though of course this will depend upon the buying power of the pound in my pocket. 

[HighlandTiger]

Argh.

Was going to buy more ozs yesterday but delayed it and now have to pay 3% more!

Technical analysts will tell you this is a serious technical breakout from the reverse H&S formation.

Next challenge is £12.40 level from Jan 2015... just a few more % away now.

Technical analysts talk more bovine excrement than the you tube experts. The only difference is that they stick different coloured lines over a chart and a great at after timing.

If this chart stuff actually worked the people creating them would be richer than Bill Gates

Sent from my SM-G901F using Tapatalk

[Roy]

23 minutes ago, Danny-boy said:

My 750oz of silver is at an average of £11.72.

I'm 0.6% away from going green

That was some canny buying Dan. Well done sir! 

[Paul]

1 minute ago, HighlandTiger said:

Technical analysts talk more bovine excrement than the you tube experts. The only difference is that they stick different coloured lines over a chart and a great at after timing.

If this chart stuff actually worked the people creating them would be richer than Bill Gates

Sent from my SM-G901F using Tapatalk

Two statistiians were testing real time heads or tails probability theories and one out of two of the them was normally wrong

[Shinus73]

18 minutes ago, Cornishfarmer said:

Out of interest are you all calling break even spot price or the 80/90% of spot dealers will pay?

I sell my silver on eBay only and have always achieved 15-20% over spot for 1 oz low premium bullion coins (even after fees - the now frequent final value fee offers help). I therefore use spot + a small correction factor (upwards) when valuing my stack.

I've never sold to a dealer and unless we get the moon shot we all dream of in our weaker moments, I don't plan to.

Of all the things I've learned relating to stacking, knowing how and where to sell is easily the most important.

[vand]

loling at the hate for TA on here.

TA is not necessarily day-trading, and it isn't and either|or thing - it can be used in perfect harmony with fundamentals for timing purposes to make long term decisions. I have liked the fundamental case for silver but have steered clear of buying it until now because the technicals from late 2011-2015 have looked awful.

Or you can dismiss it and continue to take your tips from hucksters like Bob "2 Dads" Kiyosaki as @Paul eloquently called him who jumped on the bandwagon in 2011 AFTER the trend change and ridden it down to the bottom with him. Your choice. Michael Covel recently wrote about this on Daily Reckoning but it was pull down - no doubt Kiyosaki's lawyers have been on the blower.

For an example of EXCELLENT usage of TA in forming a long term picture, have a look at someone like Chris Aaron. He uses simple TA to form likely scenarios and long term forecasts which are far more well-formed that any wishy-washy Fundamentalists can put together.

Sorry it's USD price and getting away from the point of the thread, but relevant imo..

 

Edited April 19, 2016 by vand

[vand]

44 minutes ago, HighlandTiger said:

Technical analysts talk more bovine excrement than the you tube experts. The only difference is that they stick different coloured lines over a chart and a great at after timing.

If this chart stuff actually worked the people creating them would be richer than Bill Gates

Sent from my SM-G901F using Tapatalk

Jesse Livermore WAS richer than Bill Gates (in comparative terms) , and he was primarily a TA.. and in an era where it took more than a couple of mouseclicks to buy or sell something.

[Silvergun]

My Stack consists of 941 oz of bullion @ £12 an oz. and 314.5 oz of numismatics at £21.75 an oz, Total oz = 1255.5 @ £14.44 an oz . I have a way to go yet to being in profit.

Edited April 19, 2016 by Silvergun

[Paul]

You do you you want, I will do what I want. I dont seek to preach or convert.  Think for yourself and do what feels right to you.

Believe in charts? GREAT go for it, i hope you make thousands

My reasons for buying gold and silver since my first purchase in 2010 have not changed one bit.

The world was in a bad way then, and is now in a whole loads worse now six years on 

Take your pick of any of the holes in the dam that have a sticking plaster over them that could burst through any moment.  

Not a day goes by without another new potential hole being highlighted in the dam.

How long is it going to be until this giant game of financial musical chairs goes before the music stops ??  I haven't not a clue

I'm not looking to profit from stacking (although it would be nice), i'm looking to protect what i have worked for

You dont buy fire insurance, after the fire?

 

 

[HighlandTiger]

Technical analysts talk more bovine excrement than the you tube experts. The only difference is that they stick different coloured lines over a chart and a great at after timing.

If this chart stuff actually worked the people creating them would be richer than Bill Gates

Sent from my SM-G901F using Tapatalk

Jesse Livermore WAS richer than Bill Gates (in comparative terms) , and he was primarily a TA.. and in an era where it took more than a couple of mouseclicks to buy or sell something.

Are you really going to hold up Livermore as someone who was a success predicting the markets.

The same Livermore who lost every penny he amassed, was declared bankrupt and committed suicide.

Thanks for proving my point. No one can predict the markets . .. . end of story

Sent from my SM-G901F using Tapatalk

[ApisMellifera]

I'm learning/researching TA at the moment and do find it a very useful measuring tool. I'm using it in combination with the fundamentals... but... at the end of the primary focus is to keep building the stack. I see TA similar as weather prediction, no one really can predict the weather accurately but you can get a rough idea where it could go to prepare yourself

@vand I can't seem to find that Daily Reckoning article at the moment. Do you have a link? Would be interested to read   Kiyosaki is hardcore stacker and has been stacking since the 70's when gold was in $30-40 p/Oz and silver at $2-5 p/Oz, and he still thinks that the current PM prices are low and thinks that one should have PM as protection/insurance.

[KDave]

@ApisMellifera That is an excellent way to look at TA. 

That said whenever someone mentions TA I always think of this for some reason;

To stay on topic - I am glad I bought several kilos of silver from Germany and Arshi over the last few months. Need £13.01 an ounce before break even though. Lets see how I feel about it in 6 months time once this bull trap is over!