Member Info for BuggerTheBanks

Thanks TM, it would seem so.

Anyone know why? No RNS...no major move in the metals. Yes, some bad economic news, but I wouldn't have thought it would move the SP on this scale.

Are we going back to £20? :)

My guess is the usual suspects are manipulating the price ahead of (an increasingly depleted) CRIMEX delivery.

Carvegyber, kudos to you for posting your position. Usually people will only tell you of a gain once they've realised it (assuming they're truthful). Most people aren't willing to state their position at time of trade for fear they've called it wrong and lose face.

Good luck with your trade, my friend: everyone here has a vested interest in you getting this one right.

Shill much?

"It's dead, Jim".

Yields are rising. The 10-year just topped 4.5%.

Tomorrow morning is going to be carnage. Gilt yields will go parabolic.

Tomorrow morning is going to be carnage. Gilt yields will go parabolic.

Tomorrow morning is going to be carnage. Gilt yields will go parabolic.

It's a write-off.

£ getting clobbered. Down from $1.08 to $1.055.

What's that coming down the tracks???? Oh, it's MORE inflation.

Which means (drum roll, please)....

More rate hikes. BIG ONES.

According to the FT, the "break" in the bond market manifested itself in thousands of pension funds have faced urgent demands for additional cash from investment managers in recent days to meet margin calls, after the collapse in UK government bond prices blew a hole in strategies to protect them against inflation and interest-rate risks.

The BoE’s action said its action was designed to restore order. “The Bank will carry out temporary purchases of long-dated UK government bonds from 28 September,” it said. “The purchases will be carried out on whatever scale is necessary to effect this outcome,” it added, saying the Treasury would underwrite any losses.

Understand the implications of both of those paragraphs.

Can someone verify?

...are pretty much out of stock everywhere. Atkinsons...Bullion By Post...the shelves are bare. The handful of silver coins that Atkinsons did have in stock are currently for sale at an 80% premium above spot. Read that again: that is not a typo.

What's about to happen is unprecedented.

...Market carnage next week. Watch what the Fed does on Wednesday (followed by the BoE on Thursday). Central banks are going to hike far longer and far higher than people expect.

...Market carnage next week. Watch what the Fed does on Wednesday (followed by the BoE on Thursday). Central banks are going to hike far longer and far higher than people expect.

...Market carnage next week. Watch what the Fed does on Wednesday (followed by the BoE on Thursday). Central banks are going to hike far longer and far higher than people expect.

PMs will be irrelevant once SHTF. The people in charge have no intention of letting you own ANYTHING. What makes you think they won't confiscate (or at least outlaw) PMs?

There will be no peace in Ukraine.
The market is going to go down like a £2 street-walker.
Inflation won't be the only thing in double digits: I think there's a strong possibility we get double-digit interest rates, too.
Watch.