Silver Monitoring Thread £ (GBP) only.

[Kman]

It may well deserve its own thread, but when it comes to technicals and charting, I am out of my depth. I just had to google "stochastics" and after reading, I still have no idea whats going on

 

I watched this the other day

 

 

I have absolutely no idea what she is talking about    it's something I should learn though 

[garthy]

I watched this the other day

 

 

I have absolutely no idea what she is talking about    it's something I should learn though 

 

A whole load of jargon there, I'm no expert but I started out reading a book by Rodney Hobson called 'share made simple' it helped a lot, if you wanted to learn about the stock market it's a good place to start, not that I'd recommend getting involved right now, but there will be a time when it'll pay to understand the markets, probably when silver and gold have peaked and the stock markets have hit the bottom, I'm hoping it'll happen around the same time.

 

http://www.amazon.co.uk/Shares-Made-Simple-beginners-market/dp/0857192353/ref=sr_1_4?ie=UTF8&qid=1403902332&sr=8-4&keywords=rodney+hobson

[HawkHybrid]

anyone here thinking/hoping that silver will drop back down

a bit the coming week?

 

HH

[ChrisSilver]

anyone here thinking/hoping that silver will drop back down

a bit the coming week?

HH

Although silver might seem a lot more expensive now, if I was buying it wouldn't bother me. Because if you take a look at a 5 year chart it's still ridiculously cheap...

[garthy]

anyone here thinking/hoping that silver will drop back down

a bit the coming week?

 

HH

 

I'd like it to but I don't feel unhappy paying these prices, looking back I wish I'd have made more of the $18.80 price we had at the start of the month   

[Danny-boy]

I'd like it to but I don't feel unhappy paying these prices, looking back I wish I'd have made more of the $18.80 price we had at the start of the month

There are plenty of people regretting buying at $45 so count yourself lucky at present prices. Ha ha

[garthy]

There are plenty of people regretting buying at $45 so count yourself lucky at present prices. Ha ha

 

Yeah Dan that must be painful, but I like to think they'll be ok in the long run.

 

Gut feeling is silver may go higher next week, seems to be a lot going on at the moment.

[silversword]

My gut feeling is it will go higher next week, so I'm tempted to get an order in before markets open. Buying at £12.27 is still pretty good. If it goes lower later on then I can get more but it would take something very special to go much below £12.

[garthy]

Just been reading on bloomberg that the silver market's worth 5 trillion dollars!

 

So if you listen to people in the know there's only 1 billion oz of above ground silver, so according to my calculations if we say silver is $20 an oz (easier to do the maths) we should either have 250 billion oz of above ground silver or silver has been leveraged 250 times per oz.

 

if there is only 1 billion oz's of above ground silver available then silver would have to be $5000 an oz for the comex market to make delivery.

 

Wow, hold on to your silver!!

 

http://www.bloomberg.com/news/2014-06-18/new-silver-benchmark-seen-heralding-gold-fix-revamp-commodities.html

Edited June 29, 2014 by garthy

[Danny-boy]

Now $5000/oz is a number I could quite happily live with.

Instant millionaire!!!!

[garthy]

Now $5000/oz is a number I could quite happily live with.

Instant millionaire!!!!

 

ha ha tell me about it, I'll be happy with 50 quid!     

[HighlandTiger]

Now $5000/oz is a number I could quite happily live with.

Instant millionaire!!!!

Thats £2935 an oz. . I know a nice castle in Scotland i can buy with my little stack..... Not bad for a few months stacking

[silversword]

£2935 is a long way to go from £12 or so. I expect some people would be happy with £29.35 oz, but not yet: More stacking to do.

 

Anyone got a crystal ball for this week?

[Pipers]

I think today is very important on comex, to see where all the paper contracts are going before the 6 months closing or roll over?  

 

Which way guys price up or down?

[silversword]

I hedged my bets and have put an order in now while the price is reasonable. I was expecting a slight rise after the weekend, but with no real upwards momentum thus far today, I think we could see a drop.

[Danny-boy]

I think we could see a drop.

I agree, I'm expecting to see £11.XX in the next 2 weeks.

[HighlandTiger]

Dropped 10p today. or  about 4.5%. Keeps doing that every day we'll be down to the £11's by the weekend. Just in time for a nice order to be placed

[HawkHybrid]

 

 

Dropped 10p today. or  about 4.5%.

 

about 1% you mean?

 

HH

[HighlandTiger]

about 1% you mean?

 

HH

Bloody calculator on my laptop.....

 

I need my casio back......

[smokestack]

£2935 is a long way to go from £12 or so. I expect some people would be happy with £29.35 oz, but not yet: More stacking to do.

 

Anyone got a crystal ball for this week?

http://www.ebay.co.uk/itm/CRYSTAL-BALL-6cm-with-stand-and-GIFT-box-Scryers-Clairvoyance-Readings-fortunes-/251249700614?pt=Loose_Gemstones&hash=item3a7fa62f06 Let me know how you go on silversword

Edited June 30, 2014 by smokestack

[a_a]

What we need is a load more insanely priced IPO's

 

I wonder what's going to happen when the silver fix is over, could go either way

[garthy]

Looks like we're going higher.....

[Pipers]

Just checked Kitco charts Gold shot up on NY Nymex closing NY globex opening, looks like silver was dragged around as usual. silver looks like its now drifting like it has been at this time the last few days 

[simon13]

Highland Tiger, I have a nice Highland Castle for sale

 

http://www.dornochcastlehotel.com/

[LongJohnSilver]

I am sanguine about falls and rises in silver. I'm semi into semis and bullion mixed .

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