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Shorts starting to go into gold. This could be at a peak.
I had $2.4k / $28 as intermediate targets - I'll be amazed if they don't suppress from here.
If £28 holds today that should be pretty bullish
Let's see what silver is end of trade Friday
That'll be interesting
I think this is just a spike for USD - core inflation beat by 0.1% rates stay higher longer. Should be overcrowded trade now - surely it's been priced before today
Yup - no surprise - USDJPY flying, Gold & Silver bouncing around
CPI and core 🔥
Fog,
Are you predicting 1500p plus ?
"Missed this one that I have trackedfor ages. Looked too much at gold players, so missed out on FRES."
Mate, we're at 584p not 1584p. You haven't missed out at all, it was 600p last Christmas.
Think this could just be the very start.
I was hoping to buy into Fresnillo when it was in 450's and I still hope I can buy in before 600p is reached. Just need release of funds to plough into here.
Can see this going to £12 by end of year.
I think the geopolitical tensions and demise of dollar is playing into the huge demand for Gold and silver
I think it was $12 to the £ when the Titanic sank. Though I'm assuming no one was around when the Titanic sank in 1911!
"Michael Oliver – Silver Should Hit All-Time High Above $50 By November" - but as he says, there will be wobbles along the way.
Will you trade the peaks and troughs or just sit tight.
"Silver is on 🔥🔥🔥
Approaching 3 year highs.
It was stuck below $25 forever."
https://twitter.com/WallStreetSilv/status/1777698319290011687
Yep. That exact potential market mover moment influenced my sell decision on PAAS and my trim here.
If the market likes the print, I have plenty of risk on equities (including this one) to ride some more before further potential trims.
If it comes in hot (and if this one does not, IMO the next one likely will), then I have a pretty decent amount of dry powder to deploy accordingly. GLA.
Missed this one that I have trackedfor ages. Looked too much at gold players, so missed out on FRES.
Pokerchips, £ and FTSE 100 have been "cheap" for donkeys too, still not enough to entice overseas investors though. Oh the days of $2 to the £, perhaps some on here remember when it was 3...
"these will almost certainly get sold off, along with everything else, when a proper market correction occurs"
With CPI print tomorrow, you might not have long to wait LWHL!
"Michael Oliver – Silver Should Hit All-Time High Above $50 By November"
https://twitter.com/MacleodFinance/status/1777630858284876242
"....towards the US and Japan "
well a boom in AI and a cheap YEN ...and you have the perfect reasons ....
Fear is now behind us and Fres shareholders can now sit back and enjoy the rewards as FOMO replaces Fear.
"Of course it has.....The City makes money....and as there is no such thing as a bad market"
Not sure about that Pokerchips. Even hedge fund titans like Paul Marshall have lamented the fall of UK equities, he aptly described it as the "Jurassic Park of stock markets". Many UK fund managers pivoted away from UK equities towards the US and Japan, the valuation disparities across the pond are really stark - the big neon sign examples are BP and Shell versus Exxon, Chevron etc.
Low volume and thin liquidity mean institutions need to encourage order flow and market participation by taking down stocks and forcing market consolidation to earn £££, we've seen it in oil and gas.
Most people here would rather shovel every penny they have into the housing market, whereas UK stocks have been largely ignored.
Did you know that in the early 2000s, Vodafone had a bigger market cap than Apple - now it's $23bn versus $2.6tn :)
"There are decades where nothing happens; and there are weeks where decades happen"--Vladimir Ilyich Lenin
Pretty much sums up the silver market!
Thanks Pokerchips. I appreciate your help.
Https://wise.com/ph/account/
listed on the stock market
https://www.lse.co.uk/SharePrice.html?shareprice=WISE&share=Wise-Plc
Thanks for the advice on the foreign currency issue Pokerchips and LWHL.
I didn't want to open another bank account just for a small number of cheques. I went round the local businesses that advertise a cheque cashing service but none of them would take foreign cheques.
I have never heard of WISE, thanks, I will look into that.