Member Info for carvegyber

The stubborn key level has fallen. Gold's 1850 fell early this morning and silver has now bust through 28. If it stays above 28, looks like it will gun for 30. When silver moves, it motors.....

Good thing I listened to my logical head and rolled the dice. Nice trade thank you Fres.

Still wondering what this morning was about. Looks like the US market maybe piling back into gold and commodities big time

It almost seems that at precisely 8.40am this morning, the market decides to value this at 870 instead of 910 despite gold and silver moving up significantly from Friday's close. Gold even bust through the crucial 1850 levels and should be visiting 1900 soon. Mind boggles....

roll. lol

everyone here is scratching their heads. Volume was higher during the crash but the half an hour after that, there appears to be good buying .
Volume has settled back down to the normal low volume. Still scratching head but I thought I would role the dice with my GSK profits.

This crash makes no sense. It is 3am in Mexico. If it was bad news, price would have dropped first thing. For it to happen to that magnitude at the time it occurred, I would think a trading algo error or some sort.

Anyway, I took advantage and opened a trade at 876. Let's see if I am right?

Whoa, I had never seen this before when silver price is on the up. What is going on? Makes your stomach sink to think there is some bad news out.

Yes paul. I agree on the bit on how they update the market. I get a feeling that they don't give two hoot about their UK public listed investors. Terrible IR.

I don't think the 1q results were bad. If you 4x the results, it would mount up to a decent year of production. Plus you have Juanicipio coming on stream end of the year to add to that pile.

Pb. I guess you are perma bear and i am perma bull. You flog sinking messages and i flog hope. Lol

On the macro side, fed has just said they want to see inflation high for a year or two. 10yr Tnote is now back to 132.5 levels and dollar at the crucial 90 mark. This should allow gold to keep going up. My prediction earlier this week of gold silver busting through the key levels imminently is still looking good.

Hopefully the weekend Asia market will bust it through.

Volume is low today but good sign is that the momentum trend is up. We could well be in a recovery mode and we know when this goes on a charge, it can charge. Mid last year it went on such a charge and reached 1350 in a month hardly catching a breadth. I am looking for such a run again. Gold and silver just needs to break 1850 and 28. This will be the cue.

Yes, momentum is still negative.

Gold looks like it is going to rapidly retest 1850 and silver heading back towards 28. Fres at 870? You really could not make it up. It is making a mockery of my trading. I was counting on the return of gold bull giving me another bumper fres results.... very miffed.

yes, I think once the traders/fed have settled the Tnotes narrative then gold will really start to motor. If YCC is wheeled out, gold will go to $3000 in couple of years I reckon. I really do see gold touch $2000 now that inflation appears to be everywhere.

PB, I think we are sort of highlighting the short term and long term thing here. Short term, traders trade 10yr Tnote but long term, it is real rates. Real rates haven't really gone negative for very much of 2021. The inflation narrative only started hitting headlines in the last couple of month. Coinciding with gold's rise from the double bottom.

PB, not entirely. Gold was at these levels even when yields were way above 2%. The correlation of PMs is more perfect with Real Rates. Therefore I am relaxed with PM story.

Looks like market is in sell everything mood.

Looks like fres has gone into freefall mode again. I have to say, this really confounds me. With Gold at 1818 and silver at $27, really? This should be closer to 1300 than 800

Make no mistake. I don't deny that inflation will set in. I am one of the earliest on this BB to highlight it. I am just saying you need to distinguish the term hyperinflation (50% monthly increase). This can only happen with a collapse in currency which is usually triggered by default, sudden collapse in gov income, or mass destruction of industry or all three. I can't see it happening for those countries mentioned. Argentina, Venezuela yes but UK, US, EU no.

Inflation could sustain 4-5 which is deep down, actually what the government wants. GDP growth accompanied by moderate inflation which means the debt pile gets rapidly smaller without them having to do anything. This is stealth financial repression. If you have cash, 5 years later, it is worth 50% less! Places to be are property, gold, commodities, stocks. Maybe bitcoin but this is prone to speculation and government control.

Ultimately, gold is king.

It is worth adding that currency spiral downwards when there is defaults and because our debts are in £s, we are able to service the debts. Same with US or EU, but most other countries borrow in USD.