Member Info for BuggerTheBanks

Up best-part of a quid. Keep it coming!

Ha! I was just thinking the same thing. How big a rise do we have to get before people turn up & revel in it? :)

This is presumably why the sector is enjoying such a good day:-

https://www.zerohedge.com/economics/oecd-slashes-2021-global-forecast-warns-govts-must-continue-fiscal-support

That's always a favourite time to whack gold (no matter what he says). Let's see...

Tanked??? They got brayed like a donkey, &, once again, it happened on absolutely no economic news whatso*******ever.

I knew that the PMs market was a manipulated market, but the sheer scale of it is really starting to boil my ****.

This is NOT an AAZ mine.

https://www.zerohedge.com/markets/azerbaijani-troops-enter-largest-armenian-gold-mine

But I wonder if some of the algos picked this up last week, mis-understood it, & that's why we had the erratic price movements.

A very interesting (10 min) article from Sprott Money this week:-

https://www.youtube.com/watch?v=OHGaw7G9KXo

So in a month that has seen the price of gold whacked by $170, November COMEX contracts for delivery are up 900% (not a typo) on the same month last year! But, of course, there's no price manipulation... /s

I'd encourage anyone not already doing so to follow Sprott Money. Their "Weekly Wrap-up" video (once a week on a Friday afternoon) is concise, informative & insightful.

Using the last few years as a guide, it does indeed seem (as suggested) that gold is about to move higher. Here's hoping.

GLA.

Yeah, I saw that & wondered WTF was going on. It seems to have pulled-back half of its losses.

Ah, of course! Final day on the CRIMEX for December delivery.

Who needs an economic reason to slam PMs when you're part of the cabal & can just do it for ****s 'n' giggles (rolls eyes).
Not much of a reaction to UK-listed miners just yet, but I suspect we'll see a sea of red when the US opens in quarter of an hour. Might be time to buy more PAAS...

Not sure why yet.

@ £1.286 this-morning & have pocketed the difference. That will sit on the sidelines to BTFD.

Well, that's not a bad one day return.

More of the same tomorrow, please :)

By design. But not yet...

That should (of course) read "current deliveries". Bl**dy auto-correct :)

TT, how coincidental: I was just checking on that myself. Very interesting article here...

https://thedailycoin.org/2020/11/19/ahead-of-december-comex-deliveries/

This really puts the scale of currency deliveries into historical context. According to the article, it looks like Friday is the final day for December deliveries, but agree that we're due a leg up from here. I'm poised to add new targets & double-down on existing holdings where prices are simply too tempting.

Buy The F****** Dip :)

Having had this on my watchlist for a while, the 30% fall from recent highs was simply too tempting: I'm in at 18.59p.

I don't think we've seen the end of the selling yet, so I stand ready to BTFD, but this was at least a good opportunity to add PAF to my other miners.

Feels good to be on-board.

The current crop of crypto currencies will find themselves outlawed: the Central Banks will see to that (don't forget one of the first things the BoE did upon its inception in 1694 was to get the government of the day to outlaw Tally Sticks (used as money at the time) so they could push their own paper currency).

Yes: there will be crypto currencies in the future, but they will be centrally controlled, just like the fiat currencies of today. Let's not forget that in the midst of the pandemic, The Cares Act (in the US), which was supposed to alleviate the suffering of the American people & small businesses, included a provision for "a digital Dollar to be stored in a cryptographic wallet". Just what has that got to do with helping the American people? As always, the ruling classes make hay out of every crisis to further their agenda.

Cryptos are surging ATM (particularly XRP & ETH). Enjoy the ride (as an ETH holder, I am), but I recognise there is ultimately only one REAL store of value.

...over the last hour. Maybe we've seen the lows for the day.

TT, good to know your trade went well & that you now have cash on the hip to top-up / double-down.

I still hold my original stake from May (12p). Whilst this isn't set in stone, I'm more likely to take stakes in new holdings from my watchlist before I double-down here. I added both First Majestic (-16%) & Hecla (-10%) earlier this month, so not the best of starts there.

December is a BIG month for COMEX deliveries. Remember what happened in the run up to EVERY COMEX delivery so far this year.....SMASH! The precious metal monkey hammer is coming around again. I'll wait for it to strike before going all in (although I may nibble here & there in the interim).

GLA.