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Could you expand on your rationale for the below apart from "i can't see" Based on what reasoning ?
In a time of unprecedented currency debasement ushering in serious levels of inflation seen and unseen and also unprecedented manipulation to keep the price of gold and silver down the facts scream the opposite. If there is a factor that concerns me it is the blatant manipulation via unlimited paper Precious metal contracts ushered in once upon a time when JPM were on the wrong side of being short silver from their inherited bear stearns short position all to avoid another too big to fail. The markets are rotten to the core and so are the regulators.
Lastly the time to buy miners was actually March 2020 not May, in March they had tanked with everything else
"I really can't see gold going higher, economy's desperate to get going, and interest rates have to happen.
The time to buy miners was may 2020."
Is that the same Northern Rock that were dishing out 125% mortgages so immediately(without instant 25 % house price inflation) put the borrower in negative equity and the lender with a negatively priced asset on it's balance sheet ?
Just remeber the paper market was designed to aid liquidity until JPM inherited the mother of all short positions in silver and the regulator threw away the paper contract limit(that basel 3 is trying to fix) by allowing them to print as much paper contracts as they wished thereby not only P*****in the pool but also dropping their kecks to boot in it and this is the market we have today. USA I hope to see the day when you are a 3rd world country in the decades to come....you are well on the path...destroyed by your own malfeasance. Market participants have been happy to play along skimming profits.....of course until some start standing for delivery aka General De Gaulle....my oh my was that a smart guy
Seems it took market pros an hour and a half to decide it was actually bullish for PM's. Which on the numbers plus the possibility around the Fed's raising rates anytime sooner than their 2022/23 blarney.... should have been about 1 and a half seconds not one and a half hours ROFL
The Fed have already said they consider inflation transitory and no rate rises till 2022/23(what a load of horse manure anyway) so obviously the financial so called professionals now are using these stats as a whisper rate rises may come sooner...a 3 year old could work out the will not raise rates.
Never underestimate the stupidity of so called pro's...I am not a big footballing fan but following the commentary by some who have known nothing other than football even I know often when they are talking absolute codswallop...reminds me of Keegan on his departure from the England Manager role " well i don;t know much about strategy" well thaks Kev could have mentioned that at the time you were frist interviewed....i despair at finance pro's hanging on the words of the Fed and assorted ther chuckleheads...when as i say a 3 year old could see through them....they are not raising rates any time soon ...if ever...outside of a global reset
Because I would like to be convinced either way tbh so that I can hold on or exit and reenter sub 700 which I don;t see...heck these were 920 plus just weeks ago....it would not take much to send this to 10 quid imo. It would take one heck of a lot of neg factors to send this to the territory you mention
I cannot see your reasoning for a descent to sub 700p. If Silver and Gold ascend in price you think this is going to reach lower low's ....do you not think you have got tunnel vision from looking at the chart and are not factoring in new information so now even your chart is lying to you ? Not having a pop just would like to explore your view and be convinced of the validity or lack thereof...Seems to me PM's would need to sink or go at least sideways for that that even to be a possibility....how does your chart look if gold goes to even 1850 and silver 27 very very conservative projections ?
Doesn't the Fed have some baloney to spout every week ? What makes me cringe is the way the market hangs on the baloney. Their latest trick is to mention something 18 months or2 years hence. Is the market that stupid ? One i would trust a yank to do this afternoon what he says theis morning let alone 2 years away. Two/ Yeah right you;re going to stop printing all those monopoly dollars you gained from the bretton woods agreement that you then reneged on your side of the bargain to back the dollar with gold.
And lastly you're so indebted you have to inflate the currency to nothingness and yeah right you are going to raise rates and pay higher yields on all that debt you've racked up ! When ? The "12th of never" i guess as the song goes
Just looking on Bullion by Post it states Silver at current spot price and then to buy a basic ounce coin (New Britannia) the price is circa 30 quid that is in dollars 41.50 USD. I recall couple of years ago the price being marginally over spot. That is a massive eye opener to what the real price of physical is and that is 40 USD if you take out the mint costs.
To be absoutely clear anyone who tries to tell others what not to say (unless it's abusive or just plain rubbish..and that can be very subjective) gets red flagged as a control freak ...I am prepared to scan posts for the nuggets that help me....it's a discussion and that's how discussions go....I learn a lot more from these boards than from financial media or analysts.....motley fool is a classic case in point.....standard templates....different stocks...all saying virtually nothing...but hey subscribe to us to read more virtually nothing.....
Connexxion I really don;t know you you visit a chat board the clue is in the name...do you control the conversations at home , at parties. at work ? Do you hand out sheets on what may or may not be discussed ? Get real it;s a chat board repeat...the clue is in the name and as chat boards go compared to adfvn FRES its positively pleasant....
I can barely be bothered to read the juvenile garbage in the mainstream press.....on sky news app this morning some infantile journo prattling on about countries now making brits quarantine for 2 weeks....well nobody is going to go on holiday ad quarantine for 2 weeks. The probably nappy wearing journo then even added you can quarantine at home or a govt faciltity....rofl...right you are a traveller so unless you have a holiday home you have no home there which will be 90 plus percent of people oh a govt covid gulag....sounds great and when i exit my quarantine just in time to go home.....why not say PLEASE DON:T COME...NOT ALLOWED....and the nappy wearing journo doesn;t even go there
I wouldn;t touch HOC with a bargepole right now.....And i haven;t forgotten (and i bet they haven;t) the chairman honey trapping the institutions on ex div day by selling a chunk of his holding at a substantial discount....they ran in for the div and got scalped !
Reminds me of Puppy sellers hiding the best ones around the back ! Or Estate Agents taking advantage and doing shady deals out of view, have heard of them refusing viewings and refusing to pass offers on so they or mates can seal the deal