Member Info for MontyMcgree

Any predictions for tomorrow? continued sell off, recovery, flat?

I've seen/read a lot of theories about why the drop(s) happened but it's hard to know if people are just attaching news to the event rather than it actually being the reason

-32% silver ooooof my lord

Maybe some opportunities when the dust settles 96dc2

-26% silver unreal

Maybe I'm a sicko but I find it quite exciting

-24% silver, -18% platinum and -10% gold in a day, living through some history here

Personally I'm not buying nor selling currently

I will wait to see how things settle down with gold and look for a buying opportunity

I can't fault anyone selling though even if it's called "panic"; if your mistake is cashing out some big gain it's not the worst mistake in the world

I did post recently that I knew of some "normal people" starting to talk about and buy silver and we did seem to reach peek manic euphoria is some posters here (Element) which I know is anecdotal evidence but it did make me feel easy and we might be at a top, at least for now

That being said who knows what's going on, wouldn't be surprised if gold was -5% again Monday or +5

Yeah indeed esduk it has been pretty broken since 2008 but sometimes it's more impactful on the markets than others but I thought that went without saying

I think it was to be expected price may go down a little, consolidate

But also looking outside of GGP gold down big, bitcoin down big, s&p down; something wrong in the global financial plumbing perhaps

If I were to guess purely from looking at the chart - https://i.ibb.co/svDhxy05/Screenshot-2026-01-28-143508.png

We will make a wedge, little or large (perhaps not how I've drawn them) , and break up or down

Markets are weird atm, oddly I wouldn't be shocked if Victor is right

Up or down though doesn't really matter, all looking so good for the future it's only up long term 😎

Ps. speedy wont thank me for saying it but he is just following the protocol of the best security is secrecy, I however managed to track down this candid picture of him

https://i.ibb.co/39g97kYQ/speedy-cctv.png

Jiffy to me it seems like you were right the firs time https://www.bankofengland.co.uk/freedom-of-information/2021/questions-about-bail-in-and-customer-deposits

I remember back when Elon Musk was in full insufferable DOGE mode he talked about live streaming an audit of Fort Knox, what happened to that 🤔

Nice one FrakturHaaz, very nice to hear people have had life changing gains here, all the best to you and family

Just on the topic of global macro

Apparently Japanese interest rates are causing a problem because historically you could borrow yen very cheap

"The Carry Trade Formula:

Borrow Cheap: Take out a loan in Japanese Yen at a near-zero interest rate.

Invest High: Convert that Yen into a higher-yielding currency, like the US Dollar (USD), and invest the money in foreign assets—such as US stocks, corporate bonds, or high-yield emerging market debt.

Profit: The profit (the ‘carry’) is the difference between the high interest you earn abroad and the near-zero interest you pay back home in Japan."

The very Interesting full article: https://divistockchronicles.substack.com/p/the-yen-carry-trade-from-free-money

"This time it's different" four most dangerous words and all that

If the world gets so bad the current system totally collapses then I worry we will have bigger things to worry about than the price of precious metals

Sl lets hope I'm right and there is a brighter future where gold goes down 40% or more (but good luck on the house first speedy)

History says gold only goes up in a straight line? we all have access to charts and the biggest drops usually come after the sharpest rises

On another note, an interesting way to value goal is against average house price - https://www.longtermtrends.com/real-estate-gold-ratio/

There's always a drop, I didn't think that was a controversial thing to say?

The dxy seems ok if we're judging usd against other currencies

"Gold may well rise further but at what point does it become too expensive?"

At some point it will drop 40% and you would be forgiven from just looking at chart to think it could drop at any time given the incredible rise, looks unsustainable, but given the state the world it should have legs yet

It's hard to imagine the ai bubble wont burst in the next couple years and gold will be sucked down then for a period; I'm trying to learn as much as I can atm about AI and the implications, very interesting, scary..

Doozer currently under Basel 3 gold isn't listed as a "Level 1 High-Quality Liquid Asset" like cash or bank reserves or treasuries

"Gold is generally considered a Tier 1 capital asset but is not officially reclassified as Level 1 HQLA under universal Basel III standards as of 2026"

I'm not sure about it as collateral in the repo market either way because I assume the lender would want a bigger haircut because gold price is not stable

"I dont know whether it was this thread or not but it has been said that we can expect US $ treasury bonds to be sold off (and gold bought instead)."

Big financial institutions lend to each other in overnight agreements using US treasuries as collateral with a low haircut because they're liquid and the lending party knows if they don't get their cash back the treasuries wont take too long to mature

Treasuries are perfect because they balance the books, they're as good as holding cash and offbook in the repo market you lend them out and get cash to play around with and speculate on whatever they like to speculate on

Gold doesn't fulfil the same role and also you need dollars to pay back debt in dollars

Liquidity is king