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Reputation Activity
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silversky got a reaction from ZRPMs in Silver Monitoring Thread £ (GBP) only.
Your own weight in kilos is a good start.
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silversky got a reaction from katyc in Silver Monitoring Thread £ (GBP) only.
Quiet in here... Just touched 19...
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silversky got a reaction from BLOOMMAN101 in Silver Monitoring Thread £ (GBP) only.
Your own weight in kilos is a good start.
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silversky reacted to ArgentSmith in Silver Monitoring Thread £ (GBP) only.
normally a bullish indicator, when everyone is getting excited you need to worry
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silversky got a reaction from James32 in Silver Monitoring Thread £ (GBP) only.
Quiet in here... Just touched 19...
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silversky got a reaction from ArgentSmith in Silver Monitoring Thread £ (GBP) only.
Quiet in here... Just touched 19...
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silversky reacted to PapaLazarou in Gold Monitoring Thread £ GBP only
...and yet Bliar is still disturbingly keen on cottages.
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silversky reacted to Paul in Gold Monitoring Thread £ GBP only
Free money trees 🎄 🎄 🎄 for EVERYONE !
Print, print, print, borrow, borrow , borrow our way out way out of recession
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silversky reacted to dicker in Gold Monitoring Thread £ GBP only
As always is the case. Irrespective of country.
Every socialist that gets to power in the U.K. makes working people poor and themselves rich.
This is ONE of Tony Blair’s houses.
I remember reading he had a 30 million property portfolio…this is just one of his houses.
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silversky reacted to katyc in Gold Monitoring Thread £ GBP only
I firmly believe many small business owners feel the same as me. We may be small but with a typical VAT +Corp tax + employee tax payouts of 100k+ per year (multiplied by millions of business owners) - followed by less jobs available since we are closing down - means the UK is even more doomed. We are (were) the backbone of the economy (around half the jobs I believe).
And to think it was a CONSERVATIVE gov that pushed us out is the most baffling part of it all!
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silversky reacted to katyc in Gold Monitoring Thread £ GBP only
I had Portugal in mind. There was a Golden Visa programme but they've recently decided to pull it (I don't blame them, as it wasn't fair on the locals). There are other options I'm considering. Cyprus is becoming popular. The Canaries have a great temp all year around. Poland is a very good contender as there are some amazing parts and my other half is Polish - but I am not sure I could stomach the winters. Maybe Spain.... but I hear the heat and poor Wifi get unbearable (first world problems, ha ha! But I do need good Wifi as I'll be semi-retired but always have my finger in pies as my brain never switches off 🤪).
I'm under no illusion that all countries will have their own ridiculous nonsense going on - just like the UK, but by semi-retiring I'll enjoy giving the Government way less money and I may as well be somewhere sunny as it really lifts my spirits (especially after 44 years in Yorkshire and 350 days a year of rain!)
If by some miracle, over the next few years, the UK improves I may stay. But something has really changed in me and, right now, I'm working every day to reduce my belongings to make - whatever I decide - happen. I've a lot of research to do! I don't see the UK improving for at least 10 years - if ever at all. I love the Brits and I'm proud of being a Brit. But this country has become too woke for me.
I know.... More reason to get outta here!
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silversky got a reaction from HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only
Nothing wrong with selling a bit if you need to purchase real world things, it's just money after all. Just don't forget to buy it back for the long run...
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silversky reacted to dicker in Gold Monitoring Thread £ GBP only
GBP1674
Lots interest rate indicator news out this week in the US as well as unemployment numbers.
The last few days has apparently seen big volumes pouring into Gold and BTC. As well as being news driven I suspect some traders are going in large to catch the upward momentum before selling out. What does this mean for GBP Gold?
I don’t honestly know.
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silversky got a reaction from katyc in Gold Monitoring Thread £ GBP only
Nothing wrong with selling a bit if you need to purchase real world things, it's just money after all. Just don't forget to buy it back for the long run...
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silversky got a reaction from Earthmetal in Gold Monitoring Thread £ GBP only
Nothing wrong with selling a bit if you need to purchase real world things, it's just money after all. Just don't forget to buy it back for the long run...
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silversky got a reaction from AuricGoldfinger in Gold Monitoring Thread £ GBP only
Nothing wrong with selling a bit if you need to purchase real world things, it's just money after all. Just don't forget to buy it back for the long run...
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silversky reacted to BLOOMMAN101 in Gold Monitoring Thread £ GBP only
Come to terms with it now mate before it hits £4000
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silversky got a reaction from HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only
Clive, here is a link to some trading view charts embedded on a dealers webpage. You can manipulate them and select different candle durations as well as play with a number of indicators such as moving averages and Fibonacci retracements etc. The trading view charts are a good representation of the live spot price with bid and ask prices being displayed as well.
https://vongreyerz.gold/why-gold#gold-charts
So we've bounced off ATH today. We've approached the crazy weekend spike from back in December, but this time at a slightly more measured pace over a number of trading days. USD high 21.46.56 today 2141.86. GBP high 1688.16 today 1687.62 The Euro is similar with it just exceeding the ATH in Euros.
It's beginning to look like the zone between £1650 and £1630 represents two strong support lines for any retracements in the future, and good entry points after a retracement from higher up than here. I can see this having a pop at some blue sky in USD, before retracing to set up a new floor over the next month or two.
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silversky got a reaction from BLOOMMAN101 in Gold Monitoring Thread £ GBP only
Clive, here is a link to some trading view charts embedded on a dealers webpage. You can manipulate them and select different candle durations as well as play with a number of indicators such as moving averages and Fibonacci retracements etc. The trading view charts are a good representation of the live spot price with bid and ask prices being displayed as well.
https://vongreyerz.gold/why-gold#gold-charts
So we've bounced off ATH today. We've approached the crazy weekend spike from back in December, but this time at a slightly more measured pace over a number of trading days. USD high 21.46.56 today 2141.86. GBP high 1688.16 today 1687.62 The Euro is similar with it just exceeding the ATH in Euros.
It's beginning to look like the zone between £1650 and £1630 represents two strong support lines for any retracements in the future, and good entry points after a retracement from higher up than here. I can see this having a pop at some blue sky in USD, before retracing to set up a new floor over the next month or two.
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silversky reacted to HonestMoneyGoldSilver in Gold Monitoring Thread £ GBP only
I don't have the answers but I did say in this thread that the previous dip was unjustified as market participants already knew the odds of rate movement. They are following the CME FedWatch tool, whose odds are set by traders:
CME FedWatch Tool - CME Group
It currently says the odds of a March rate cut are 3%. During the previous unjustified dip the market had it around 85% rate cut in May. The current status favours rate cuts now in June
I think the "problem" or mis-pricing of gold happened at the end of 2023/start of 2024 when some traders expected rate cuts in March (we already knew the odds of March rate cuts were low). When it became obvious there were no cuts coming in March, the price of gold dipped. The market has decided it's relatively certain (70%) about cuts in June and so now markets are rising. In my mind the gold and silver prices are just recovering the positive movement they should have had several months ago. Just my opinion, I have no crystal ball or secret info
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silversky reacted to Midasfrog in Gold Monitoring Thread £ GBP only
Also dealers buying prices are an important indicator of what is really happening , currently buy back sovereign prices are way below spot
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silversky reacted to katyc in Gold Monitoring Thread £ GBP only
Strange thing is, some USA economists recently said they believe there won't be any this year the way things are going in the economy. It reminds me of 08 in terms of people just buying, spending, borrowing with a mix of 2000s dot com crash (over hype in P/E ratios). Us stackers need patience of a saint, but I really think it'll pay off one day.
(I think UK will have to cut before summer though.... surely? Our economy is a stagnant rotten piece of cheese.
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silversky reacted to GoldDiggerDave in Gold Monitoring Thread £ GBP only
Mate it won’t happen, there’s no way they can put Biden live on stage, it will be car crash viewing.