Member Info for bonker99

Nuff said:

https://www.zerohedge.com/news/2019-05-14/recalling-2010

Well they don't like those numbers on Wall St (big autos miss) so they're pressuring down as I type - Gold back at/over $1300, moving up with the Dollar again ...

Look at this - ouch:

https://twitter.com/EPBResearch/status/1128644573364981761

US retail sales misses ........

Blimey, talk about volatile - where's that popcorn? :)

Yes but not for long - possible paper dump in progress by the Yanks again but it only chipped two bucks off so far.

That's been another feature recently - US paper dumps having a diminishing effect but let's wait it out :)

Iraq said to be purchasing Russia's S-400 defense system.

Work that one out :)

Nice spike on the Dollar right now as it happens - Gold not budging though :)

Hey.

Well various currency plays in that scenario are tough to call of course but yes, *for some* the Dollar would indeed be a safe haven but others will prefer gold.

I've mentioned an apparent break in the usual inverse relationship between the Dollar & Gold these past weeks - the fat lady isn't in on that shout yet of course but there's definitely been evidence of it recently.

Ultimately, if you're not sure, feeling risk-off and want to hedge your bets then Gold > everything else for many out there - CBs in particular.

Again, there's no way that CBs kicked off Basel 3 at the end of March without reason and they'll likely be better informed than we are as to US, er, "foreign policy" actions and timescales ...

BTW, I haven't referred to it yet but in terms of geo-political risk, clearly, Iran/US is about as big as they come and I'm expecting a "Hormuz incident" anytime down there - WTF knows what follows on from that but this just caught my eye:

https://twitter.com/michaelkamon/status/1128589903774781440

If it kicks off this could be America's first proper war since Vietnam - great for inflation though ...

Up The Villa :)

IIRC, and I haven't looked for a while, EVRH has a whopping gap to fill at 1s??

You'll have to Google me to get my charts :)

The very short-term is unreadable as it ever is of course but there's a belting looking Descending Wedge, within a much larger/higher Descending Wedge as shown on last night's chart update - in the usual place if you haven't seen it - these formations can be incredibly bullish on the right moves being seen but in the micro you'd want to see a move above 768p with that then becoming the new floor with an eye on a move back to/slightly above £10.

Morning.

Dollar off a little as I type - Gold looks to have busted a Bull Flag for a $1,310-$1,323 target range, Silver testing a Bull Pennant breakout too - north of $15.05 should secure that, anything up to $17s on offer then IMO.

Fingers crossed we've cracked it here.

1s I think.

UTV!

There's definitely a pattern to them recently - arriving in clumps after hours for around 23k shares each.

Leverage only scary if you're wrong of course - perhaps they're very confident - I suspect there's a few quid Stateside looking for a new home after the recent drop over there.

Keep seeing these £160-170k clumps of trades after hours - thoughts?

Evening - yes it did although that was an outlying ratio number as I recall :)

Currently at 87.5 - 103 at current GP would be a tad under $13.

Literally had to rub my eyes when I saw that badboy - JPM closing out no doubt ;)

Check out that £8m trade @ 734p :)

NP - I should add some colour to that position actually - obviously there's a (very high right now!) ratio between the Gold:Silver price so there's significant scope for Silver to close that ratio.

I would, however, suggest there's two main parameters to weigh up when looking at the relative future for the Silver price:

1/ An economic activity downturn which could weigh on Silver while Gold moves up because of it - some elements of an inverse relationship there but it will only go so far because:

2/ If Gold moves up a bunch then Silver will follow it - eventually - largely predicated on the perceived expense of buying gold (jewellery primarily) when people start to switch to the cheaper silver instead which then closes the Gold:Silver ratio again