Silver Monitoring Thread £ (GBP) only.

[matrawr]

Thank you @Bumble

[BackyardBullion]

Early week jump in metal prices in £ 

Bet those of you who locked in some prices over this weekend's group order are feeling smug! 

Let's see if it holds for the week or drops back down. 

[Paul]

31 minutes ago, BackyardBullion said:

Early week jump in metal prices in £ 

Bet those of you who locked in some prices over this weekend's group order are feeling smug! 

Let's see if it holds for the week or drops back down. 

Has Trump, done a Father Dougal and pressed the BIG RED BUTTON, saying "DO NOT PRESS" ?? 

[FlorinCollector]

Yes had just checked the prices there. Quite a jump ? Wonder why

[Cornishfarmer]

17 minutes ago, JCRJM said:

Yes had just checked the prices there. Quite a jump ? Wonder why

China, American trade war starting?

[KDave]

43 minutes ago, JCRJM said:

Yes had just checked the prices there. Quite a jump ? Wonder why

US markets are selling off. 

[Lowlow]

3 hours ago, KDave said:

US markets are selling off first.

There, fixed it for you.

[sixgun]

i have felt for a long time that the only way to truly rectify the system is to destroy it - completely. Smash the trough that the swine feed at. Many will suffer but it will be better in the end. i prepare for this situation so as to get out ahead on the other side. What is needed means destroying the monetary system. That the stock market must be crashed, that the economy must be destroyed, that the Federal Reserve must be ended, that the USD must be obliterated. A trade war is in the plan - i suspect China - Russia and the US are cooperating in this trade war.

It was interesting to note that Q Anon posting on 4chan.org was asked to prove him/herself and get Trump to say 'tip-top, tippy-top' in a speech. i have never heard anyone say tippy-top. In the Easter speech Trump said 'tip-top and tippy-top'

Listen from about 50 seconds. I think if there is any doubt that Q Anon is not Trump himself or directly involved with Trump at the highest level it is settled now. Notice the White Rabbit in attendance. We are about to go down the rabbit hole.

 

Edited April 4, 2018 by sixgun

[sixgun]

i have mentioned for some months now the growing number of EFP's being booted over to the London market from COMEX. There will be a default and a price explosion. Like a bomb exploding it will be very sudden and to most of the world completely unexpected.

It is well worth the time to read this piece. It bringing into focus what is happening and what you will not hear from the controlled financial media. The paper market days are very limited.

https://www.tfmetalsreport.com/blog/8942/guest-post-explaining-exchanges-physical-efps-gijsbert-groenewegen

[mr1030]

Interesting article.  Makes we want to spend money.  

[DRooster]

Silver price is really jumping, just a short blip?

[RoughDog]

It's back above £12 an ounce.

[vand]

17 hours ago, RoughDog said:

It's back above £12 an ounce.

Or rather Sterling is back below £12/oz

[KDave]

Yes it's all about sterling, silver was very cheap last week in usd but in sterling you wouldn't know it!

I blame mr Carney. 

[vand]

Silver GBP vs USD:

http://schrts.co/VLbZjk

 

As Sterling has bounced in the last year, silver in GBP has been fairly depressed, but we're seeing some unwinding of that now

[KDave]

The annoying thing is I had the funds lined up ready for this fall in silver, then sterling started weakening... can't win sometimes. I bought some anyway 

[BackyardBullion]

Lots of upwards movement today with interest rate news

Makes the previous group order significantly more valuable!

[Bullionbilly]

56 minutes ago, BackyardBullion said:

Lots of upwards movement today with interest rate news

Makes the previous group order significantly more valuable!

Typical.... i was looking earlier and added plenty to the basket at lower rates, took my little girl to the park and its gone up ! ( bloody kids )

[jonrms]

Tell me about it. LOL

[vand]

Encouraging technical picture for SilverGBP.

Looks like it is about to complete a basing pattern. We are just touching the 200dma, the 50dma is well behind us and beginning to turn up.

Last time this happened was in Aug 2017, unfortunately it did not mark the start of a new uptrend back then, but maybe it will do so this time.

 

http://schrts.co/bptvpT

Edited May 11, 2018 by vand

[KDave]

It could do but I would be surprised. Carney held rates again killed the currency again, I think it's weakness in sterling rather than strength in silver. If the US do the same then perhaps silver strengthening is legitimate, when is the next rate rise planned for in the US? 

[vand]

Might sound a bit obvious, but unless your base currency is USD then the price of anything denominated in USD going to be a reflection of the strength or weakness of your currency vs USD.

One of the primary reasons to stack is to protect ourselves against loss of purchasing power through currency devaluation, after all. But you can't have it both ways - if your currency appreciates then the GBP value of your stack will decrease. This is fine - your current purchasing power has just increased a little, while insurance just got a little cheaper.

Edited May 11, 2018 by vand

[KDave]

That's my point, for silver to be bullish in GBP and not in USD, is not bullish for silver it's just bearish for GBP. 

I want the silver price to rise relative to everything else other wise you are right I've bought currency insurance and not a commodity investment. Can't complain too much, but I do earn in GBP, not good to be made poorer because they won't raise interest rates. 

[vand]

Whisper it quietly, but SilverGBP is threatening to set a new 6 month high...!

[vand]

Major Breakout.

 

Yesterday was one of these sessions where both USD and PMs rallied. Result is that the true price of PMs in other currencies make a big move higher.