Silver Monitoring Thread £ (GBP) only.

[crazy hippo]

looks like its going to go back up towards the £11 handle before it hovers there and then takes another whooping.

 

and no doubt we shall have the same discussion then. currently 11.73

[Shamatti]

looks like its going to go back up towards the £11 handle before it hovers there and then takes another whooping.

 

and no doubt we shall have the same discussion then. currently 11.73

 

£10.73? Back up to £10.75 now. Where next?

[Danny-boy]

I can't decide if we will be over 11 or under 10.5 by the end of next week.

[craig12]

I can't decide if we will be over 11 or under 10.5 by the end of next week.

its all academic, on a past history average price       its still expensive  £9 feels right

Edited October 9, 2014 by craig12

[crazy hippo]

6-7 sounds like a more realistic figure. i reckon ’15 and early ’16 are gonna be bash years. then we may see a uptrend towards the latter half of the decade.

[morezone]

To infinity and beyond.....getting oh so close to £11

[Pete]

To infinity and beyond.....getting oh so close to £11

 

Short lived !!

[Danny-boy]

Short lived !!

Indeed.

[Shamatti]

Like a jumping jack on a trampoline! lol It will be back up again soon, then down, then up......

[LongJohn]

Like a jumping jack on a trampoline! lol It will be back up again soon, then down, then up......

Seems to rise when the US markets are closed and drop when they open, funny that.

Edited October 9, 2014 by Long John

[craig12]

isnt it up today on mining stocks rising on the markets

Edited October 9, 2014 by craig12

[motorbikez]

No Craig the mining stocks mainly rise and fall on whatever spot does,pure gold & silver miners that is, not necessarily mining companies for whom silver and gold are just a small part of their over all operations.

[garthy]

The stock markets are looking bad, a rally yesterday after the fed pretty much said they would never raise interest rates, today they tried to rally then pulled back, the dow's nearly down 2% as I type, doesn't look good.

Should be interesting to see how gold and silver perform for the rest of the week, again impossible to call.

[motorbikez]

More good news for PM mining stocks then garthy if the markets get a well over due bashing.

[Danny-boy]

Seems to be a lot of people in the media calling for another GFC.

Scary stuff.

[Shamatti]

I have been watching the pound loosing it's gains over the Euro this week. Which is a pain as I need to bring my house money over here soon!

 

I think if the pound weakens it might be bad news for silver too?

[motorbikez]

Why don't you change your money tomorrow with currencyfair,you can do the exchange and leave the cash in your currencyfair's acc. I often play the currency game in a small way and exchange GPB into AUD or EUR when I think I can get a good exchange rate V GPB and leave it on hand in Currencyfair's acc until I blow it on silver coins

[garthy]

More good news for PM mining stocks then garthy if the markets get a well over due bashing.

 

Yeah great day for fresnillo, I sold mine at 940 so did quite well, I'm definitely considering getting back in now after the hammering it's taken, it all depends on those metal prices, will they get pulled down by the markets in the short term or will money go looking for a safe place, going to be interesting to find out. 

[motorbikez]

I'm still holding Fres and am still underwater, but a couple of months ago I sold 100 RRS and made a very nice profit.

[Shamatti]

Why don't you change your money tomorrow with currencyfair,you can do the exchange and leave the cash in your currencyfair's acc. I often play the currency game in a small way and exchange GPB into AUD or EUR when I think I can get a good exchange rate V GPB and leave it on hand in Currencyfair's acc until I blow it on silver coins

 

Going to pick this convo up in my thread about changing money - trying not to hijack this one!

[motorbikez]

Have a look at HOC that has been slaughtered over the last year and is primarily a silver producer, the family I believe own at least 20% and have been engaging in cost cutting etc so could be due for a bounce.

 

I have held shares in them a number of years ago and did OK with them, I might be tempted with a small punt of a 1000 shares they are on my watch list.

[garthy]

Have a look at HOC that has been slaughtered over the last year and is primarily a silver producer, the family I believe own at least 20% and have been engaging in cost cutting etc so could be due for a bounce.

 

I have held shares in them a number of years ago and did OK with them, I might be tempted with a small punt of a 1000 shares they are on my watch list.

 

I that Hochschild mining? I held them earlier this year and pulled a profit, if you want to see a miner that's been smashed check African Minerals, they've gone from 600 to 15, I watch it all day and the swings are wild, started out today down 20% and finished plus 3.33%, there maybe big money to be made there but also a chance of big losses.

 

Anyway tomorrow will be an interesting day for silver, it's gonna be all over the place.  

[Shamatti]

Thought I would post another Franklin Sanders market update. Suggesting that the pm price correction which started back in '11 is now over and that the nice upward trend will resume. Possibly. Depending on a few small huge factors! lol  But expect prices to rise next week. For those of you who blinked.... you just missed the bottom.

 

I don't have his confidence in the market yet and I am expecting more bumping along for a while. It is all just smoke and mirrors. The markets look great flaky healthy depending on how far back you look.    The Euro is struggling, as is the Pound. And the Dollar. Hang on, they can't all be loosing against each other!!!

 

Any way - here is the article. http://silver-and-gold-prices.goldprice.org/2014/10/the-gold-price-rose-2880-this-week-or.html

 

You have to skip over all the charts to find the words!

[Shamatti]

Market opened half an hour ago. It is all up so far!

[crazy hippo]

hovered around 10.80/10.90 today. Up or down this week...?