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sixgun

Silver Premium Member
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Reputation Activity

  1. Like
    sixgun got a reaction from Robda1986 in If silver goes to £28 per ounce like 2011   
    i have heard members ask - if the price of silver goes up to £50 /oz, no-one will buy it - well how did it get to £50 /oz if people didn't buy it?
    Bitcoin was a few cents in 2009 - the price of BTC has gone up a few 1000% and people keep buying.
    My parents' first house was £1100 - people keep buying houses after they have gone up a few 1000%.
    Gold was £325/ oz in the summer of 2007 - it is over £1400 now. 
    i see spot silver is £12.74 and silver coins are changing hands for more than 50% more than that.
    i'll worry about people not buying silver at £28 when it happens - i don't think it will be worrying when it does.
  2. Haha
    sixgun got a reaction from MancunianStacker in The coming Gold crash   
    https://centralbankgold.org/2020-survey
    2020 Central Bank Gold Reserve Survey
    The number of central banks buying gold is expected to increase substantially this year. According to the 2020 Central Bank Gold Reserves (CBGR) survey, 20% of central banks intend to increase their gold reserves over the next 12 months, compared to just 8% of respondents in the 2019 survey. The increase is particularly notable as central bank buying has reached record levels in recent years, adding around 650 tonnes in 2019 alone.
    Hmmm - these central bankers obviously aren't listening to the Wonger - more and more gold buying - but i thought the price was going down hard.
  3. Like
    sixgun got a reaction from BackyardBullion in If silver goes to £28 per ounce like 2011   
    i have heard members ask - if the price of silver goes up to £50 /oz, no-one will buy it - well how did it get to £50 /oz if people didn't buy it?
    Bitcoin was a few cents in 2009 - the price of BTC has gone up a few 1000% and people keep buying.
    My parents' first house was £1100 - people keep buying houses after they have gone up a few 1000%.
    Gold was £325/ oz in the summer of 2007 - it is over £1400 now. 
    i see spot silver is £12.74 and silver coins are changing hands for more than 50% more than that.
    i'll worry about people not buying silver at £28 when it happens - i don't think it will be worrying when it does.
  4. Like
    sixgun got a reaction from Blockhead in If silver goes to £28 per ounce like 2011   
    i have heard members ask - if the price of silver goes up to £50 /oz, no-one will buy it - well how did it get to £50 /oz if people didn't buy it?
    Bitcoin was a few cents in 2009 - the price of BTC has gone up a few 1000% and people keep buying.
    My parents' first house was £1100 - people keep buying houses after they have gone up a few 1000%.
    Gold was £325/ oz in the summer of 2007 - it is over £1400 now. 
    i see spot silver is £12.74 and silver coins are changing hands for more than 50% more than that.
    i'll worry about people not buying silver at £28 when it happens - i don't think it will be worrying when it does.
  5. Like
    sixgun got a reaction from Russell in Silver Monitoring Thread £ (GBP) only.   
    i notice the volume of open interest on the Comex is really low and falling (the green line) -  there are fewer and fewer open contracts - liquidity is drying up. Interest must be moving elsewhere and off the Comex. 
     

  6. Like
    sixgun got a reaction from 999Ag in If silver goes to £28 per ounce like 2011   
    i have heard members ask - if the price of silver goes up to £50 /oz, no-one will buy it - well how did it get to £50 /oz if people didn't buy it?
    Bitcoin was a few cents in 2009 - the price of BTC has gone up a few 1000% and people keep buying.
    My parents' first house was £1100 - people keep buying houses after they have gone up a few 1000%.
    Gold was £325/ oz in the summer of 2007 - it is over £1400 now. 
    i see spot silver is £12.74 and silver coins are changing hands for more than 50% more than that.
    i'll worry about people not buying silver at £28 when it happens - i don't think it will be worrying when it does.
  7. Confused
    sixgun got a reaction from FullMetalJacket in Silver Monitoring Thread £ (GBP) only.   
    i notice the volume of open interest on the Comex is really low and falling (the green line) -  there are fewer and fewer open contracts - liquidity is drying up. Interest must be moving elsewhere and off the Comex. 
     

  8. Like
    sixgun got a reaction from Arganto in If silver goes to £28 per ounce like 2011   
    i have heard members ask - if the price of silver goes up to £50 /oz, no-one will buy it - well how did it get to £50 /oz if people didn't buy it?
    Bitcoin was a few cents in 2009 - the price of BTC has gone up a few 1000% and people keep buying.
    My parents' first house was £1100 - people keep buying houses after they have gone up a few 1000%.
    Gold was £325/ oz in the summer of 2007 - it is over £1400 now. 
    i see spot silver is £12.74 and silver coins are changing hands for more than 50% more than that.
    i'll worry about people not buying silver at £28 when it happens - i don't think it will be worrying when it does.
  9. Like
    sixgun got a reaction from TerryGriffiths in The coming Gold crash   
    @Martin1983The graph shows the number of GC (gold) futures contracts.
    These contracts are long and short. One party wants to sell gold (short) and counter party wants to buy (long).
    For every short there must be a long.
    The holders of contracts are classified into various groups. The commercials are the banks - the speculators are the hedge funds and the like.
    You can see the darker bars below the line are the commercials which Net hold the opposite side of the contracts to the light coloured bars above the line - the speculators
    If the banks hold a large number of short contracts it generally predicts price will fall. They have deeper pockets, there are fewer of them and they act together - there is a concentration of positions. They are short - want the price to fall and act to drop price by dumping more short contracts into the market. This is the origin of the claims of market manipulation by a small number of banks acting together to move price. Dumping 10's of thousands of contracts into the market over a matter of minutes.
    Wonger came to the forum last year stating silver would fall - he based this on the build up of short positions with the banks. Price did fall a bit but nothing like he was predicting. 
    Since Wonger predicted the collapse in the gold price the 'open interest' - the number of open contracts held has reduced. You can see the green line - it peaked in mid January and has declined since. We have seen no end of commotion in the paper markets - i think it unlikely banks will want to ramp up short positions. We have seen Scotiabank announce they are pulling out of the gold trade. There has also been mentioned several times that the banks use the COMEX futures market to hedge their positions in the LBMA over the counter market. So they are long in London and short on the COMEX. i have also heard comment that some of the long positions classified as speculators are actually commercial positions on the quiet, so perhaps the short position of the commercials is less than it seems.
    Wonger has more recently changed his tack - he says  there is going to be massive deflation. That asset prices and commodities will fall in price. This he believes includes precious metals. 
    We will see but i am not with Wonger in his investments.
  10. Like
    sixgun got a reaction from TerryGriffiths in The coming Gold crash   
    It's getting harder and harder - exactly - Wonger he say he go down hard.
  11. Like
    sixgun got a reaction from TerryGriffiths in The coming Gold crash   
    Who is being encouraged to buy gold? i don't see it. All but a handful are buying gold - that handful may be buying it hand over fist but it is still but a handful. Some people need to open their eyes to the world around them. 
    The situation is improving on the purchase side,  but buying gold has been difficult as mints and refineries closed down. Most people are struggling to survive let alone hoard gold. Are jewelry shops open? - they're certainly not on the Continent.
    The COMEX as far as precious metals is on its last legs - the LBMA has similarly been exposed for what they are - paper tigers. The spot price of silver is meaningless. The spot price of silver fell and the price to buy physical went up. i listened to the TF Metals interview with Andrew Maguire - Maguire said the Chinese are taking over the London gold market through the LME (London Metals Exchange) - that liquidity will flow to the LME. Maguire has a tendency to be a bit over enthusiastic at times but i find it hard to believe this one is a baseless statement. 
  12. Haha
    sixgun got a reaction from Darr3nG in Gold Monitoring Thread £ GBP only   
    Gold blasting to all time highs in Sterling.
    The shorts are getting burnt but Wonger say he go down hard.
     
  13. Like
    sixgun got a reaction from Silverscrooge in If silver goes to £28 per ounce like 2011   
    i have heard members ask - if the price of silver goes up to £50 /oz, no-one will buy it - well how did it get to £50 /oz if people didn't buy it?
    Bitcoin was a few cents in 2009 - the price of BTC has gone up a few 1000% and people keep buying.
    My parents' first house was £1100 - people keep buying houses after they have gone up a few 1000%.
    Gold was £325/ oz in the summer of 2007 - it is over £1400 now. 
    i see spot silver is £12.74 and silver coins are changing hands for more than 50% more than that.
    i'll worry about people not buying silver at £28 when it happens - i don't think it will be worrying when it does.
  14. Like
    sixgun got a reaction from Antwerpstacker in The coming Gold crash   
    @Martin1983The graph shows the number of GC (gold) futures contracts.
    These contracts are long and short. One party wants to sell gold (short) and counter party wants to buy (long).
    For every short there must be a long.
    The holders of contracts are classified into various groups. The commercials are the banks - the speculators are the hedge funds and the like.
    You can see the darker bars below the line are the commercials which Net hold the opposite side of the contracts to the light coloured bars above the line - the speculators
    If the banks hold a large number of short contracts it generally predicts price will fall. They have deeper pockets, there are fewer of them and they act together - there is a concentration of positions. They are short - want the price to fall and act to drop price by dumping more short contracts into the market. This is the origin of the claims of market manipulation by a small number of banks acting together to move price. Dumping 10's of thousands of contracts into the market over a matter of minutes.
    Wonger came to the forum last year stating silver would fall - he based this on the build up of short positions with the banks. Price did fall a bit but nothing like he was predicting. 
    Since Wonger predicted the collapse in the gold price the 'open interest' - the number of open contracts held has reduced. You can see the green line - it peaked in mid January and has declined since. We have seen no end of commotion in the paper markets - i think it unlikely banks will want to ramp up short positions. We have seen Scotiabank announce they are pulling out of the gold trade. There has also been mentioned several times that the banks use the COMEX futures market to hedge their positions in the LBMA over the counter market. So they are long in London and short on the COMEX. i have also heard comment that some of the long positions classified as speculators are actually commercial positions on the quiet, so perhaps the short position of the commercials is less than it seems.
    Wonger has more recently changed his tack - he says  there is going to be massive deflation. That asset prices and commodities will fall in price. This he believes includes precious metals. 
    We will see but i am not with Wonger in his investments.
  15. Like
    sixgun got a reaction from GoldElliott in If silver goes to £28 per ounce like 2011   
    i have heard members ask - if the price of silver goes up to £50 /oz, no-one will buy it - well how did it get to £50 /oz if people didn't buy it?
    Bitcoin was a few cents in 2009 - the price of BTC has gone up a few 1000% and people keep buying.
    My parents' first house was £1100 - people keep buying houses after they have gone up a few 1000%.
    Gold was £325/ oz in the summer of 2007 - it is over £1400 now. 
    i see spot silver is £12.74 and silver coins are changing hands for more than 50% more than that.
    i'll worry about people not buying silver at £28 when it happens - i don't think it will be worrying when it does.
  16. Like
    sixgun got a reaction from Airhead in If silver goes to £28 per ounce like 2011   
    i have heard members ask - if the price of silver goes up to £50 /oz, no-one will buy it - well how did it get to £50 /oz if people didn't buy it?
    Bitcoin was a few cents in 2009 - the price of BTC has gone up a few 1000% and people keep buying.
    My parents' first house was £1100 - people keep buying houses after they have gone up a few 1000%.
    Gold was £325/ oz in the summer of 2007 - it is over £1400 now. 
    i see spot silver is £12.74 and silver coins are changing hands for more than 50% more than that.
    i'll worry about people not buying silver at £28 when it happens - i don't think it will be worrying when it does.
  17. Like
    sixgun got a reaction from FullMetalJacket in If silver goes to £28 per ounce like 2011   
    i have heard members ask - if the price of silver goes up to £50 /oz, no-one will buy it - well how did it get to £50 /oz if people didn't buy it?
    Bitcoin was a few cents in 2009 - the price of BTC has gone up a few 1000% and people keep buying.
    My parents' first house was £1100 - people keep buying houses after they have gone up a few 1000%.
    Gold was £325/ oz in the summer of 2007 - it is over £1400 now. 
    i see spot silver is £12.74 and silver coins are changing hands for more than 50% more than that.
    i'll worry about people not buying silver at £28 when it happens - i don't think it will be worrying when it does.
  18. Like
    sixgun got a reaction from OriginalS in If silver goes to £28 per ounce like 2011   
    i have heard members ask - if the price of silver goes up to £50 /oz, no-one will buy it - well how did it get to £50 /oz if people didn't buy it?
    Bitcoin was a few cents in 2009 - the price of BTC has gone up a few 1000% and people keep buying.
    My parents' first house was £1100 - people keep buying houses after they have gone up a few 1000%.
    Gold was £325/ oz in the summer of 2007 - it is over £1400 now. 
    i see spot silver is £12.74 and silver coins are changing hands for more than 50% more than that.
    i'll worry about people not buying silver at £28 when it happens - i don't think it will be worrying when it does.
  19. Like
    sixgun got a reaction from arshimo2012 in If silver goes to £28 per ounce like 2011   
    i have heard members ask - if the price of silver goes up to £50 /oz, no-one will buy it - well how did it get to £50 /oz if people didn't buy it?
    Bitcoin was a few cents in 2009 - the price of BTC has gone up a few 1000% and people keep buying.
    My parents' first house was £1100 - people keep buying houses after they have gone up a few 1000%.
    Gold was £325/ oz in the summer of 2007 - it is over £1400 now. 
    i see spot silver is £12.74 and silver coins are changing hands for more than 50% more than that.
    i'll worry about people not buying silver at £28 when it happens - i don't think it will be worrying when it does.
  20. Like
    sixgun got a reaction from sovereignsteve in The coming Gold crash   
    @Martin1983The graph shows the number of GC (gold) futures contracts.
    These contracts are long and short. One party wants to sell gold (short) and counter party wants to buy (long).
    For every short there must be a long.
    The holders of contracts are classified into various groups. The commercials are the banks - the speculators are the hedge funds and the like.
    You can see the darker bars below the line are the commercials which Net hold the opposite side of the contracts to the light coloured bars above the line - the speculators
    If the banks hold a large number of short contracts it generally predicts price will fall. They have deeper pockets, there are fewer of them and they act together - there is a concentration of positions. They are short - want the price to fall and act to drop price by dumping more short contracts into the market. This is the origin of the claims of market manipulation by a small number of banks acting together to move price. Dumping 10's of thousands of contracts into the market over a matter of minutes.
    Wonger came to the forum last year stating silver would fall - he based this on the build up of short positions with the banks. Price did fall a bit but nothing like he was predicting. 
    Since Wonger predicted the collapse in the gold price the 'open interest' - the number of open contracts held has reduced. You can see the green line - it peaked in mid January and has declined since. We have seen no end of commotion in the paper markets - i think it unlikely banks will want to ramp up short positions. We have seen Scotiabank announce they are pulling out of the gold trade. There has also been mentioned several times that the banks use the COMEX futures market to hedge their positions in the LBMA over the counter market. So they are long in London and short on the COMEX. i have also heard comment that some of the long positions classified as speculators are actually commercial positions on the quiet, so perhaps the short position of the commercials is less than it seems.
    Wonger has more recently changed his tack - he says  there is going to be massive deflation. That asset prices and commodities will fall in price. This he believes includes precious metals. 
    We will see but i am not with Wonger in his investments.
  21. Thanks
    sixgun got a reaction from BedMac in The coming Gold crash   
    @Martin1983The graph shows the number of GC (gold) futures contracts.
    These contracts are long and short. One party wants to sell gold (short) and counter party wants to buy (long).
    For every short there must be a long.
    The holders of contracts are classified into various groups. The commercials are the banks - the speculators are the hedge funds and the like.
    You can see the darker bars below the line are the commercials which Net hold the opposite side of the contracts to the light coloured bars above the line - the speculators
    If the banks hold a large number of short contracts it generally predicts price will fall. They have deeper pockets, there are fewer of them and they act together - there is a concentration of positions. They are short - want the price to fall and act to drop price by dumping more short contracts into the market. This is the origin of the claims of market manipulation by a small number of banks acting together to move price. Dumping 10's of thousands of contracts into the market over a matter of minutes.
    Wonger came to the forum last year stating silver would fall - he based this on the build up of short positions with the banks. Price did fall a bit but nothing like he was predicting. 
    Since Wonger predicted the collapse in the gold price the 'open interest' - the number of open contracts held has reduced. You can see the green line - it peaked in mid January and has declined since. We have seen no end of commotion in the paper markets - i think it unlikely banks will want to ramp up short positions. We have seen Scotiabank announce they are pulling out of the gold trade. There has also been mentioned several times that the banks use the COMEX futures market to hedge their positions in the LBMA over the counter market. So they are long in London and short on the COMEX. i have also heard comment that some of the long positions classified as speculators are actually commercial positions on the quiet, so perhaps the short position of the commercials is less than it seems.
    Wonger has more recently changed his tack - he says  there is going to be massive deflation. That asset prices and commodities will fall in price. This he believes includes precious metals. 
    We will see but i am not with Wonger in his investments.
  22. Like
    sixgun got a reaction from MancunianStacker in true price of gold?   
    i saw the recent belangp video where he shows there is cash sitting in a Treasury account at the Fed which would increase the currency in circulation by 40% - this will be spent - and more will be spent. When currencies, like the USD become worthless the price of gold in USD can be $100's thousands - $millions - it does not mean much b/c the USD has become worthless. The USD will become worthless. This is why we store up gold - it protects purchasing power. i believe gold is undervalued in real term and then add in the last few percent of the purchasing power of fiat disappearing and the price could easily become, well infinite, for what infinite amounts of nothing is worth.
     
  23. Thanks
    sixgun got a reaction from Shep in The coming Gold crash   
    @Martin1983The graph shows the number of GC (gold) futures contracts.
    These contracts are long and short. One party wants to sell gold (short) and counter party wants to buy (long).
    For every short there must be a long.
    The holders of contracts are classified into various groups. The commercials are the banks - the speculators are the hedge funds and the like.
    You can see the darker bars below the line are the commercials which Net hold the opposite side of the contracts to the light coloured bars above the line - the speculators
    If the banks hold a large number of short contracts it generally predicts price will fall. They have deeper pockets, there are fewer of them and they act together - there is a concentration of positions. They are short - want the price to fall and act to drop price by dumping more short contracts into the market. This is the origin of the claims of market manipulation by a small number of banks acting together to move price. Dumping 10's of thousands of contracts into the market over a matter of minutes.
    Wonger came to the forum last year stating silver would fall - he based this on the build up of short positions with the banks. Price did fall a bit but nothing like he was predicting. 
    Since Wonger predicted the collapse in the gold price the 'open interest' - the number of open contracts held has reduced. You can see the green line - it peaked in mid January and has declined since. We have seen no end of commotion in the paper markets - i think it unlikely banks will want to ramp up short positions. We have seen Scotiabank announce they are pulling out of the gold trade. There has also been mentioned several times that the banks use the COMEX futures market to hedge their positions in the LBMA over the counter market. So they are long in London and short on the COMEX. i have also heard comment that some of the long positions classified as speculators are actually commercial positions on the quiet, so perhaps the short position of the commercials is less than it seems.
    Wonger has more recently changed his tack - he says  there is going to be massive deflation. That asset prices and commodities will fall in price. This he believes includes precious metals. 
    We will see but i am not with Wonger in his investments.
  24. Like
    sixgun got a reaction from Booky586 in The coming Gold crash   
    @Martin1983The graph shows the number of GC (gold) futures contracts.
    These contracts are long and short. One party wants to sell gold (short) and counter party wants to buy (long).
    For every short there must be a long.
    The holders of contracts are classified into various groups. The commercials are the banks - the speculators are the hedge funds and the like.
    You can see the darker bars below the line are the commercials which Net hold the opposite side of the contracts to the light coloured bars above the line - the speculators
    If the banks hold a large number of short contracts it generally predicts price will fall. They have deeper pockets, there are fewer of them and they act together - there is a concentration of positions. They are short - want the price to fall and act to drop price by dumping more short contracts into the market. This is the origin of the claims of market manipulation by a small number of banks acting together to move price. Dumping 10's of thousands of contracts into the market over a matter of minutes.
    Wonger came to the forum last year stating silver would fall - he based this on the build up of short positions with the banks. Price did fall a bit but nothing like he was predicting. 
    Since Wonger predicted the collapse in the gold price the 'open interest' - the number of open contracts held has reduced. You can see the green line - it peaked in mid January and has declined since. We have seen no end of commotion in the paper markets - i think it unlikely banks will want to ramp up short positions. We have seen Scotiabank announce they are pulling out of the gold trade. There has also been mentioned several times that the banks use the COMEX futures market to hedge their positions in the LBMA over the counter market. So they are long in London and short on the COMEX. i have also heard comment that some of the long positions classified as speculators are actually commercial positions on the quiet, so perhaps the short position of the commercials is less than it seems.
    Wonger has more recently changed his tack - he says  there is going to be massive deflation. That asset prices and commodities will fall in price. This he believes includes precious metals. 
    We will see but i am not with Wonger in his investments.
  25. Like
    sixgun got a reaction from cerramio in The coming Gold crash   
    @Martin1983The graph shows the number of GC (gold) futures contracts.
    These contracts are long and short. One party wants to sell gold (short) and counter party wants to buy (long).
    For every short there must be a long.
    The holders of contracts are classified into various groups. The commercials are the banks - the speculators are the hedge funds and the like.
    You can see the darker bars below the line are the commercials which Net hold the opposite side of the contracts to the light coloured bars above the line - the speculators
    If the banks hold a large number of short contracts it generally predicts price will fall. They have deeper pockets, there are fewer of them and they act together - there is a concentration of positions. They are short - want the price to fall and act to drop price by dumping more short contracts into the market. This is the origin of the claims of market manipulation by a small number of banks acting together to move price. Dumping 10's of thousands of contracts into the market over a matter of minutes.
    Wonger came to the forum last year stating silver would fall - he based this on the build up of short positions with the banks. Price did fall a bit but nothing like he was predicting. 
    Since Wonger predicted the collapse in the gold price the 'open interest' - the number of open contracts held has reduced. You can see the green line - it peaked in mid January and has declined since. We have seen no end of commotion in the paper markets - i think it unlikely banks will want to ramp up short positions. We have seen Scotiabank announce they are pulling out of the gold trade. There has also been mentioned several times that the banks use the COMEX futures market to hedge their positions in the LBMA over the counter market. So they are long in London and short on the COMEX. i have also heard comment that some of the long positions classified as speculators are actually commercial positions on the quiet, so perhaps the short position of the commercials is less than it seems.
    Wonger has more recently changed his tack - he says  there is going to be massive deflation. That asset prices and commodities will fall in price. This he believes includes precious metals. 
    We will see but i am not with Wonger in his investments.
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