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C12

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  1. Confused
    C12 got a reaction from augur in Is this milking?   
    How about this. Bought this 2008 Britannia 10 years ago and chucked it in a box. Didn't realise the front side had no plastic protection. 
    Just dug it out and looks about 200 years old. 

  2. Confused
    C12 got a reaction from augur in Is this milking?   
    How about this. Bought this 2008 Britannia 10 years ago and chucked it in a box. Didn't realise the front side had no plastic protection. 
    Just dug it out and looks about 200 years old. 

  3. Confused
    C12 got a reaction from augur in Is this milking?   
    How about this. Bought this 2008 Britannia 10 years ago and chucked it in a box. Didn't realise the front side had no plastic protection. 
    Just dug it out and looks about 200 years old. 

  4. Like
    C12 got a reaction from augur in Is this milking?   
    It doesn't matter if you're just investing in silver. When people rush into metals, even the worst condition coins will fly. It's only  an issue if you're a bit OCD about keeping things in pristine condition. 
    My stack of silver is now tarnished and beaten up over the years but never bothered me at all. The silver / gold ratio still massively favours silver in the long term. 
    Keep on stacking.
  5. Like
    C12 got a reaction from kimchi in stacking goals 2018   
    It's a great time to be a silver stacker as we're in the ballpark range of prices that will never be seen again. Not only that, we have the luxury to cherry pick anything we want which wont be the case down the line. the shelves will be empty. 
    Sure, it's entirely possible we get another drop to $10 or even $8 dollars at worst, but the risk to reward ratio over the longer term is insane. 
  6. Haha
    C12 got a reaction from reidpj in Digital 'Currencies' Are ALL A Scam   
    They better not turn gold into sterling into bitcoin and then back to sterling then.
  7. Like
    C12 got a reaction from kimchi in stacking goals 2018   
    It's a great time to be a silver stacker as we're in the ballpark range of prices that will never be seen again. Not only that, we have the luxury to cherry pick anything we want which wont be the case down the line. the shelves will be empty. 
    Sure, it's entirely possible we get another drop to $10 or even $8 dollars at worst, but the risk to reward ratio over the longer term is insane. 
  8. Thanks
    C12 reacted to RichRock in A Guide to Using Candlesticks and Candlestick Formations   
    I use Candlesticks in my trading. Other traders use bars, lines, or just numbers. Candlesticks are more effective in longer time frames such as Daily/Weekly/Monthly, but I also use them right down to 4hr/1hr and 30 mins to get a general idea for fine tuning an entry/exit.  
    What is a Candlestick?
    If you look on my recent simple chart for Gold below, the red and blue vertical rectangles are called candlesticks. Blue is a bullish candle and red is a bearish candle. Various colours can be used, such as black/white/green/red etc, but the main thing is to be able to quickly glance at charts and recognise instantly what is going on with the price action in that particular time frame.
    :
    Each Candlestick tells a story and consists of an opening price, closing price, high and low for that time period, such as below. In this scenario, the white candle is bullish and the black is bearish.

    Candlesticks can be used to determine potential trade setups due to the patterns they can make. These are Candlestick formations and show me the price action and areas of potential trend reversals, or confirmation of the trend. There are numerous formations, but by studying these patterns you will come to see them over and over again in your charts. They are not be any means definitive, some have a higher chance of success than others and what can look like a definite reversal can turn out to be completely wrong. These formations are a guide, but the market can change direction quickly and violently at any point rendering your 'perfect setup' invalid. This is just the nature of the beast and over time you will come to recognise 'painting the charts' and other tactics to entice traders into to wrong side of the market.
    Brief description of many common candlestick formations:



     
    By looking at the charts, we begin to see how these formations signal possible price reversals in a down trend:

    ...and in an uptrend:

    Patience is the name of the game and not rushing into the market, but instead allowing the market to present you the best opportunity for your entries and exits.
  9. Like
    C12 got a reaction from ChrisSIlver in Richard Rock's Trading and Chart Analysis   
    On the Daily chart we can see bullish price action off the 50% retracement of last year's breakout. 
    Now at trendline resistance so would expect some reaction here. If we breakout to the upside here, a pullback to the trendline would be a good long entry.

  10. Like
    C12 got a reaction from ChrisSIlver in Richard Rock's Trading and Chart Analysis   
    Nice thread. I'm also a trader (forex) and happy to share some gold / silver analysis on here as things unfold.
    I've been running an active thread over at a forex trading forum for the last 5 years. 
    https://www.forexfactory.com/showthread.php?t=390673
    Technically gold is looking particularity strong on the monthly chart with fresh a demand zone and a longer term trend breakout. Here's the monthly chart. 
    You can see last year's breakout has attempted to retest the breakout line. It's possible (on this timeframe) we could see a deeper pullback to retest it again. 

  11. Like
    C12 got a reaction from JCRJM in Digital 'Currencies' Are ALL A Scam   
    This is where many people are going to get their asses handed to them, even if Bitcoin goes to £1M per coin in a few years. 
    People don't know what their investing in, they don't know how to read a candlestick chart and aren't emotionally equipped to deal with the swings. 
    The current technical targets on bitcoin are $8,500 and $4,500 (which could take some months to play out). Even these levels can be taken out and the bull market (bubble) can still be intact. 
  12. Like
    C12 got a reaction from PansPurse in stacking goals 2018   
    I think I might be done from here since I'm already pretty stacked (most purchases made between 2005 and 2007). 
    If price takes out $1400 I'm really not interested in chasing it. If we get a deeper pullback towards $1,000 then I'll surely get itchy fingers again. 
    I'm only interested in silver Britannias (imported VAT free) and gold Sovereigns / Britannias due to low premiums and CGT reasons (as above). 
  13. Like
    C12 got a reaction from airmac in My Atkinsons Bullion Experience   
    No problems here. Coins came through in excellent time and great condition. And a free chocolate gold coin included.
    Will order again for sure. Nice to see the price has gone up already. over $1300.
  14. Thanks
    C12 reacted to onlyroadtoheaven in Digital 'Currencies' Are ALL A Scam   
    I have tried to educate myself over the Christmas period by reading a book and various articles on Cryptos. Admittedly I have invested a very small amount in a couple of shares associated with the "new system" but not directly in coins. This is because I believe that people can still make money during times of bubbles as long as you recognise that it is a bubble. However I really don't believe in the fundamentals of the shares I purchased 
    I have to agree with @KDave. The arguments in the book/articles are that transactions are low cost (as opposed to western union), they are digital, and that each transaction is logged. Am I missing something as Paypal F&F and my Debit card does this. The value of Cryptos aren't really backed by anything other than faith. 
    What I don't like about our current paper/plastic/digital currency is that governments (and banks) can just print a load more or add a few zeros. I cant help but feel that doing away with Gold backed currency will bite us (or them) on the arse one day.
    My Bank of Zimbabwe Ten Trillion dollar note takes pride of place in my house as a reminder as to how fragile currencies can be when confidence evaporates. I guess this will happen to Bitcoin at some point but could also easily happen to the US $.
    Anyway, I'm off to the garden centre now as spring is on its way and I need to plant those tulips!
     
  15. Like
    C12 got a reaction from kimchi in My Atkinsons Bullion Experience   
    Just ordered 10 x 2018 Sovereigns from Atkinsons based on the good feedback from here. I would be surprised if these arrive in rough condition but I'm manly interested in the bullion. 
    I was watching the price edging up all day and got itchy fingers...
    This will be my first gold order in over 10 years so pretty excited to get the delivery. 
     
     
  16. Like
    C12 got a reaction from tbone in Digital 'Currencies' Are ALL A Scam   
    The governments and central banks are probably quite happy for this to all play out. They'll watch the various technologies unfold and they can replicate it at a later date (as China is currently doing now).
    It would very easy to ban and shut down access to the networks once they've seen enough.
    I guess until this happens these Ponzi schemes will continue to suck in the masses... 
    https://coinmarketcap.com/all/views/all/
    Coinmarketcap now has 1,382 listed Ponzi schemes and growing rapidly. 
  17. Like
    C12 got a reaction from kimchi in My Atkinsons Bullion Experience   
    Just ordered 10 x 2018 Sovereigns from Atkinsons based on the good feedback from here. I would be surprised if these arrive in rough condition but I'm manly interested in the bullion. 
    I was watching the price edging up all day and got itchy fingers...
    This will be my first gold order in over 10 years so pretty excited to get the delivery. 
     
     
  18. Like
    C12 got a reaction from kimchi in My Atkinsons Bullion Experience   
    Just ordered 10 x 2018 Sovereigns from Atkinsons based on the good feedback from here. I would be surprised if these arrive in rough condition but I'm manly interested in the bullion. 
    I was watching the price edging up all day and got itchy fingers...
    This will be my first gold order in over 10 years so pretty excited to get the delivery. 
     
     
  19. Like
    C12 got a reaction from kimchi in My Atkinsons Bullion Experience   
    Just ordered 10 x 2018 Sovereigns from Atkinsons based on the good feedback from here. I would be surprised if these arrive in rough condition but I'm manly interested in the bullion. 
    I was watching the price edging up all day and got itchy fingers...
    This will be my first gold order in over 10 years so pretty excited to get the delivery. 
     
     
  20. Thanks
    C12 got a reaction from reidpj in Digital 'Currencies' Are ALL A Scam   
    Here's an interesting article on crypto currencies that's worth reading in full. 

    Karl Denninger argues that they are a modern day Ponzi scheme (by design) which will most likely be made illegal at some point for a variety of reasons.

    Digital 'Currencies' Are ALL A Scam
    2017-06-17 08:35 by Karl Denninger
    http://market-ticker.org/

    https://cryptorum.com/threads/karl-d...ll-a-scam.217/

    "ALL such "digital currencies" are by design and intent a means to separate you from wealth and give it to whoever founded said "currency." They are for this reason all effectively a pyramid scheme. This will inevitably lead to the seizure and closing of all such systems -- if and when governments figure it out. The reason is simple: With a finite and ever-more-difficult means of mining each successive coin the effect on value for participants is exactly the same as it is in any pyramid scheme. Since nothing of physical existence is created or dug out of the ground there is no utility value and thus no floor price, unlike gold or silver (both of which have industrial value due to the metallurgical properties.) The person who "invents" such a system gets to "mine" many coins at very low cost (in electricity or whatever.) He then watches the "value" of said coins escalate as each one becomes harder to "mine" and as hype takes over, and can convert that "wealth" into some other form, whether it be a fiat currency, real property or otherwise.

    The founder always makes a grossly outsized "profit" in this fashion with the available profit dropping exponentially and ratably in every single case simply based on the number of participants. At the beginning recruiting others who also make money is easy because mining the coins is easy. However, over time recruiting others becomes harder and harder. This is exactly identical to what happens in a traditional pyramid scheme -- the founder gets a cut off all the sales from everyone under him. The next layer who all find the field "unmowed" with lots of customers make a lot of money too, but always less than the first group and so on. But since the number of customers is finite, just as is the number of coins, with each successive layer of participants it gets harder and harder to find others to transact in sufficient volume to turn a profit because the acquisition of each new (coin or customer) becomes exponentially more-difficult. It is thus impossible on a mathematical basis for any such design to be self-sustaining since it relies on an exponentially more difficult act in a finite world. ALL such systems are inherently ponzi schemes whether we are talking about digital currencies or the alleged sale of products."      
  21. Like
    C12 got a reaction from Frenchie in Gold Monitoring Thread £ only   
    I think the gold chart is technically looking great right here. Last year price broke out above the 6.5 year bear market downtrend and recently retested the breakout line.
    The chart pattern would suggest targets are $1600 and then $1850. 
    Another drop towards $1220 would be ideal but not sure we'll get it.