Member Info for carvegyber

he he. 3765 shares at 898 ..... will I cry or laugh in a week or two? I know silver bear timing is not over but we must be very very close to the bottom. USD is being bought as they liquidate euro and eurostocks due to covid. EU fecked up and now trying to bully UK. as with anything covid, this phase will pass and things will look up in 2-3 weeks.

This opportunity is too good to pass up. Back in with another large trading tranche.....

On Mary's note, it is harder to range trade when the PM miners market is on a bear which it is right now but it seems to have found a bottom or close to a bottom. The medium range sort of trading that Mary mentioned is very much possible and quite profitable with Fres because when it rises, it can rise very quickly.

I also use the news to help me decide how much exposure. The feb spike definitely helped me clear out all my silver long position and so I think I am in a healthy place now even if it falls a little more. Next commodity rally should see silver catch up with gold again. Right now, silver's industrial element has made the ratio go back up. Lockdown worries is driving that but soon things will open and if bond yield falls or inflation start going up, then it will really help us. USD falling will be a big boost too especially if the feds start to perform YCC. This is the big one that I am banking on.

There was a savage takedown this morning despite gold inching up. I wonder if we will finish strongly today. I see this quite often.

Munch, don't be silly lol. Fres is the worst company in the ftse100 for communication. They are simply not interested in PR and their listed shareholders.

So just another name default on debt? Gold would be $3000 or more! That is when people find out the paper they are all holding are worthless or worth less. Might as well wipe their arse with it. LMAO.

Market appears incredibly uncertain with many forces pulling in equal measure. Nobody knows which direction to take.

Sharem, They built a lot of infrastructure after the war but most of it is creaking now. They desperately need to upgrade their infrastructure but haven't the money except borrow. It is good for the market and good for gold with more money being created.

Gold took a dive this morning because of Turkey Lira slump but you would have thought it should be the other way round! The world has gone mad. Perhaps this is just short term panic and logic will resume. I bet the folks in istanbul is busy buying up every ounce of gold in the grand bazaar. The sensible ones anyway.

Looks like Turkey is the first casualty of the pandemic debt fiasco. I presume other coutries will start going that way soon. South Africa, India maybe even Italy and Spain....? Especially if Germany and Holland is sick of guaranteeing the spending in the south. Surely people could see the value of gold and it should be over $2000 right now.

No Way! That will send the yield sky high and destabilise everything. If that doesn't send gold through $2000, I don't know what will....

Anyway, looks like market is slowly warming up to the value of gold in times of inflation and currency debasement. The PM miners are slowly coming back into focus again. We just need the double boost of silver as a commodity and we may have a chance of seeing £20. I guess a lot would jump ship at £13. I would go half out I think and reassess.

Share, I like that. Hold property and gold. Bitcoin is too volatile and prone to government legislation not to mention competition.

scoutt, I wouldn't count on the dam breaking at Comex. Over the last 10 years there has been repeated prophecies of this happening but it never happens.....

Yes that is not helpful but imo, it is natural that bond holders will want to sell. I wouldn't buy unless I can at least be on par with inflation. Market is going to test feds on the resolve.

The thing is though, I think we have reached turning point where gold is going to regain its role as inflation hedge. Provided the rise in yield doesn't become disorderly from this point on. If I am proven right, with yields rising gently, then gold could resume its bull run. Fingers crossed. I hope it is not wishful thinking.

Yes, also need silver to burst through the 2700 level. A bit of profit taking when Europe opened so let's see....

Yes, fed reaffirmed their bond buying and wanting to keep inflation above 2%. Should be a strong open tomorrow. Gold flying up now.

I tracked the PSLV at the start of the silver squeeze. At the beginning of it all in Feb, they held 90moz. looks like almost 40moz has been added and this demonstrates the power of the social media. SLV has gone down from the peak and flowed into PSLV. I am still holding mine firmly.

Strong finish today. Brokers are finally waking up the the value of the sector and they have seriously underestimated those precious miners with exposures to silver I reckon because the jump in silver prices were not fully reflected in the sales last year.

Having said that, silver price a very sluggish today and I wonder if this has anything to do with the comex delivery month....

Also, this bit of analysis is the affirmation that I have been looking for to confirm my own thoughts:

Both the dollar and benchmark Treasury yields were slightly softer. USD/ US/ In the next few months, rising yields could also be accompanied with stronger gold prices, as a move closer to 2% in yields could derail relentless stock market buying and see gold resume a safe-haven trade, Moya added.

While gold is considered a hedge against inflation, worries over rising prices spurred by stimulus measures and a recovering economy have propelled treasury yields higher, lowering gold's appeal, as the metal does not pay interest

We have to wait until end of April for that. If the production figures are in line with Q4 20 or exceed, then Fres should be due a big leg up. I still feel they could have been overly conservative in their production guidance. Just a hunch reading the RNS

It also looks like the market is slowly waking up to the value of gold miners and money is flowing back into it. Fres has been punished hard despite a fantastic results so it should probably rise the hardest if the gold bull were to resume.....

GLA

Could still be a bumpy road depending on what Powell says wed. ....no doubt this will be way higher in a year when inflation rears its head but for now, market is fixated on treasuries.

If he says he will buy to keep yields suppressed, the I will love it.