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crazy hippo

Silver Monitoring Thread £ only.

1,853 posts in this topic

This glitch in the gold price shows up in the charts below but not on the kitco chart.

This aberration did happen though.

 

http://www.zerohedge.com/news/2014-05-26/wtf-chart-day-spot-gold-spikes-over-20-futures-close

Yeah i watched it happen, first went up 1.37% then down 1.47% back up 1.63% then settled back to 0.03% all in about 5 minutes, not only that the market was supposed to be closed, weird.

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Although London and New York markets were closed yesterday, I believe there was trading on the Hong Kong exchange. This morning both silver and gold have taken a further dip. I don't pretend to understand why but if they keep going sideways or down today I will be shopping for bargains later.

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silver hit 11.33 just past lunchtime

 

china gives US a blocking over spying (gently)

100 killed in Ukraine.

new Ukrainian leader turns out to be viciously striking down the uprising in the east.

Thailand featured a blip, nothing new or significant there.

 

lets see what happens.

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that barrier has been broken, £ 11.29.

 

lets hope it stays under and sets new lows.

 

you appreciate what you have when its not there. 

 

silver crashes, mines go out of business, stock depletes, price rises astronomically.... now imagine somewhere in there the dollar looses WRC status. :D

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$18.xx is still above the cost of extraction so there is room for further falls. I suspected the price would go below $19 at some point this week, just surprised it took so long. 

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Yep, gone lower again. Gonna get me another sovereign.

I think some you guys ought to start ditching the high premium stuff and buy some cheap bullion.

Them economic headwinds getting more chilling.

Edited by Cointreau
HighlandTiger likes this

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Wow. Silver seems so cheap now. My average is way up near £20. Damn, wish I had a spare few grand to blow on low premium bullion to lower my average. But I am sure we all wish we had more money to buy silver with, ha.

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If it stays below £11.30 I'll do another sizeable order next week once I have spare funds.

If it reaches £11 I'll be a happy chappy.

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Even though $ spot price for silver has fallen, the £ price hasn't moved much at all due to fluctuating FX rates. In any case, I reckon dealer prices are not going to move down a lot further just yet: The order I made on Tuesday, is only 7p cheaper at todays prices.

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Even though $ spot price for silver has fallen, the £ price hasn't moved much at all due to fluctuating FX rates. In any case, I reckon dealer prices are not going to move down a lot further just yet: The order I made on Tuesday, is only 7p cheaper at todays prices.

 

That's about right.  Fluctuating around 5p-10p cheaper than a couple of days ago.  It's never going to make much difference unless there is more of a drop or the order is significant.  As Tesco would say "Every little helps".

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are we seeing a return to pre 2008 levels? i have a feeling something is going to happen, to hammer the price of metals 10-20% in the space of a day.

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11.18 was last seen around 2010 as far as I can tell, but sustained at that level in 2008.

I'm not surprised though.

Where did the 10-20% figure come from? I make it about 2%??

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just a gut feeling, somewhere along the line, we will see a plummet. and all of a sudden it will be 8-9 £/oz it couldn’t go any further down, adjusting for inflation.... but then again, the markets aren’t about whats fair are they. I haven’t made a significant purchase in about 2 months, and I’m glad.

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