How low can we go?

[FlorinCollector]

Anyone on here smarter than me study the charts or anything on gold and silver and think we will go lower in price or what?

thanks ?

[Pete]

Having followed the herd when prices were predicted to go to the moon; I am now wondering whether to accumulate more as prices head south.
Once silver hits $5 per ounce my average will work out about right at today's prices.

Extrapolating historic charts is about as much use as picking lottery numbers avoiding the ones that were drawn the week before.

[tbone]

I think what little wind was left in the PM sails just went into cryptos.  My guess is PM prices won't turn up significantly until either the bitcoin or stock bubble pops.  Which is fine for me since I'm not looking to sell anytime soon.

[FlorinCollector]

That also sounds good to me i was happy to buy at prices before so at new prices its even better. 

That is a gutter Pete if you don't mind me asking what price were you buying silver at  

I just feel their going to inflate the American market for sometime to come. 

It must be crazy if you study economics, I thought about it but surely all the fundamentals are well thrown out the window now :)) 

[HawkHybrid]

for sovereigns now is a decent enough time to buy. if history

rhymes then prices are likely to strengthen once january

arrives.

 

HH

[augur]

The most annoying thing about these price movements is that it becomes harder and harder to justify to purchase proof coins from the Royal Mint with premiums reaching 100%.

[Martlet]

If you're looking at charts, not considering anything else, you wouldn't like what they say... Gold probably fall to around £700-720 to test the support there.   Silver would be looking at ~£9.  

[JunkBond]

As a newbie can you guys tell me if and when Gold first hits a big low, say £700, does retail supply suddenly dry up initially or will the cheap stuff be out there ready to buy?

[Pete]

12 hours ago, JCRJM said:

That also sounds good to me i was happy to buy at prices before so at new prices its even better. 

That is a gutter Pete if you don't mind me asking what price were you buying silver at  

The chart sums things up nicely and remember to add the premium for silver coins as these are spot prices.

 

 

 

[Pete]

3 minutes ago, JunkBond said:

As a newbie can you guys tell me if and when Gold first hits a big low, say £700, does retail supply suddenly dry up initially or will the cheap stuff be out there ready to buy?

Chances are if gold dips much lower than it already has then you may find it impossible to purchase sovereigns etc.
You may have to buy Krugerrands or bars and dealers like Atkinsons and HGM will likely raise their premiums to compensate for the lower spot price.
Stackers and collectors may decide not to sell either because they believe the fall in price is temporary or they would sell at a loss.

[Stu]

7 minutes ago, JunkBond said:

As a newbie can you guys tell me if and when Gold first hits a big low, say £700, does retail supply suddenly dry up initially or will the cheap stuff be out there ready to buy?

Never noticed any shortages in 2014 or 15 when around that price although Mike Maloney would probably try to make you believe it. I think it would need to go sub $1000 now for supply issues to appear. 

[JunkBond]

6 minutes ago, Pete said:

Chances are if gold dips much lower than it already has then you may find it impossible to purchase sovereigns etc.
You may have to buy Krugerrands or bars and dealers like Atkinsons and HGM will likely raise their premiums to compensate for the lower spot price.
 

Yes, I notice HGM are down to just the 4 Ducat now!

[HawkHybrid]

the spread is currently up on trading gold at hgm.

cheapest sovereigns have a spread of 5%(3,-2).

gold bars have a spread of 6%(3,-3).

from what I remember hgm's stock of cheapest sovereigns

was more intermittent(flood, drought) during at least parts

of 2014-2015.

 

HH