The Masked Tulip Posted April 6, 2015 Share Posted April 6, 2015 Apparently there is some suspected malarky re the silver COT this week. Apparently it has been the biggest move from long to short positions in silver by the commercial traders in memory - which has led to one gold/silver watcher to wonder whether the previous week's COTs were correctly reported? The big 4 commerical traders have gone massively short again on silver and also gone short again on gold. Or, rather, they have increased their gold short positions whilst reducing their long positions... and massively increased their silver short positions whilst reducing their long positions. I don't pretend to understand it fully but apparently this kind of thing usually happens prior to a big drop in the price of both metals. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 6, 2015 Share Posted April 6, 2015 Just keep buying it, one coin at a time. Amen to that. Quote Link to comment Share on other sites More sharing options...
shindigger Posted April 6, 2015 Share Posted April 6, 2015 Apparently there is some suspected malarky re the silver COT this week. Apparently it has been the biggest move from long to short positions in silver by the commercial traders in memory - which has led to one gold/silver watcher to wonder whether the previous week's COTs were correctly reported? The big 4 commerical traders have gone massively short again on silver and also gone short again on gold. Or, rather, they have increased their gold short positions whilst reducing their long positions... and massively increased their silver short positions whilst reducing their long positions. I don't pretend to understand it fully but apparently this kind of thing usually happens prior to a big drop in the price of both metals. My biscuit tin filling, stasher friend, reports sharp price rises on Ebay Quote Link to comment Share on other sites More sharing options...
renting til I die Posted April 6, 2015 Share Posted April 6, 2015 My biscuit tin filling, stasher friend, reports sharp price rises on Ebay I don't know why anyone would buy gold or silver on Ebay! Apart from the risks of not really knowing who you are dealing with and what you are getting, most of what I have seen on there always appears overpriced compared to what you can get from a good bullion dealer. Quote Link to comment Share on other sites More sharing options...
renting til I die Posted April 6, 2015 Share Posted April 6, 2015 Apparently there is some suspected malarky re the silver COT this week. Apparently it has been the biggest move from long to short positions in silver by the commercial traders in memory - which has led to one gold/silver watcher to wonder whether the previous week's COTs were correctly reported? The big 4 commerical traders have gone massively short again on silver and also gone short again on gold. Or, rather, they have increased their gold short positions whilst reducing their long positions... and massively increased their silver short positions whilst reducing their long positions. I don't pretend to understand it fully but apparently this kind of thing usually happens prior to a big drop in the price of both metals. Doesn't mean they are right but I may have a quick reassessment of my ETF position. Just keep buying it, one coin at a time. I trade a little bit but in the longer term I'm a stacker! Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 6, 2015 Share Posted April 6, 2015 Doesn't mean they are right but I may have a quick reassessment of my ETF position. http://www.caseyresearch.com/gsd Quote Link to comment Share on other sites More sharing options...
R K Posted April 6, 2015 Share Posted April 6, 2015 Short term blow off followed by new lows. Same old. Quote Link to comment Share on other sites More sharing options...
shindigger Posted April 6, 2015 Share Posted April 6, 2015 (edited) I don't know why anyone would buy gold or silver on Ebay! Apart from the risks of not really knowing who you are dealing with and what you are getting, most of what I have seen on there always appears overpriced compared to what you can get from a good bullion dealer. He buys coins out of circulation (scrap) and sends it back if its fake. Its easy enough to test it. He runs his own shop, selling collectables, and buys in a far bit that way too. Hasn't bought for a while as its a bit toppy, but as he's not buying from a bullion dealer, he's not paying any VAT either. Edited April 6, 2015 by shindigger Quote Link to comment Share on other sites More sharing options...
renting til I die Posted April 6, 2015 Share Posted April 6, 2015 He buys coins out of circulation (scrap) and sends it back if its fake. Its easy enough to test it. He runs his own shop, selling collectables, and buys in a far bit that way too. Hasn't bought for a while as its a bit toppy, but as he's not buying from a bullion dealer, he's not paying any VAT either. Good point about VAT on silver. Still, generally the prices on Ebay seem to be at about the same sort of levels as the bullion price plus VAT in any case so I still don't see how it works out much cheaper (I suppose it is for people just buying one or 2 coins) but obviously he is buying niche items that he knows he can get a return on. Quote Link to comment Share on other sites More sharing options...
wherebee Posted April 7, 2015 Share Posted April 7, 2015 Good point about VAT on silver. Still, generally the prices on Ebay seem to be at about the same sort of levels as the bullion price plus VAT in any case so I still don't see how it works out much cheaper (I suppose it is for people just buying one or 2 coins) but obviously he is buying niche items that he knows he can get a return on. ebay buying is useful for those trying not to leave an easy to follow audit trail. Not saying your mate is doing that, but if he wants to understand business by 20% to the taxman, ebay is the way to go. Quote Link to comment Share on other sites More sharing options...
Guest_growlers_* Posted April 8, 2015 Share Posted April 8, 2015 http://m.ft.com/cms/s/0/658a099a-c976-11e4-a2d9-00144feab7de.html Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted April 10, 2015 Share Posted April 10, 2015 Today, US$ up 0.5% and Silver UP over 2% and Oil flat. Seems to me PMs and energy stocks building for biiiig rally and $ to correct. nb. if Yen rallies...Effect on DM shares...? Quote Link to comment Share on other sites More sharing options...
R K Posted April 10, 2015 Share Posted April 10, 2015 Today, US$ up 0.5% and Silver UP over 2% and Oil flat. Seems to me PMs and energy stocks building for biiiig rally and $ to correct. nb. if Yen rallies...Effect on DM shares...? So what? Yday silver DOWN 2%. Just normal volatility Quote Link to comment Share on other sites More sharing options...
Errol Posted April 10, 2015 Share Posted April 10, 2015 Gold Jumps After India Reveals Import Surge Gold prices jumped overnight on initial rumors and again in the last hour as Indian officials note that March Gold imports surged to 125 tons (more than double last March's 60 tons). As Reuters reports, Gold imports in the fiscal year 2014/15 ended March 31 jumped to 900 tonnes, up 36% from a year ago. http://www.zerohedge.com/news/2015-04-10/gold-jumps-after-india-reveals-import-surge Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted April 11, 2015 Share Posted April 11, 2015 Gold Jumps After India Reveals Import Surge "Gold prices jumped as the news broke overnight" Typical zerobrainer gobbldeygook, believing that news, not a rise in demand, moves prices. Classic..._ Quote Link to comment Share on other sites More sharing options...
Errol Posted April 11, 2015 Share Posted April 11, 2015 The only thing that matters in this particular case are the numbers. Zerohedge is irrelevant. Quote Link to comment Share on other sites More sharing options...
Guest_growlers_* Posted April 11, 2015 Share Posted April 11, 2015 If I wanted some low risk diversification from Sterling, thinking short term USTs would be a good bet. Can anyone advise good / cheap etf? Found this one: http://www.ishares.com/uk/individual/en/products/253499/ishares-usd-government-bond-13-ucits-etf-acc-fund Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 12, 2015 Share Posted April 12, 2015 Silver looks like getting smacked down big time this coming week - and gold most likely as well. Quote Link to comment Share on other sites More sharing options...
Errol Posted April 13, 2015 Share Posted April 13, 2015 Gold-Backed SDR "Is Quite Likely To Happen", LSE's Lord Desai Warns Lord Meghnad Desai, chairman of The Official Monetary and Financial Institutions Forum, stated that IMF Special Drawing Rights (SDR) should contain some gold to help stabilize the currency. http://www.zerohedge.com/news/2015-04-12/gold-backed-sdr-quite-likely-happen-lses-lord-desai-warns Quote Link to comment Share on other sites More sharing options...
R K Posted April 14, 2015 Share Posted April 14, 2015 Matt Phillips @MatthewPhillips 28m28 minutes ago Gold bugs cry a single golden tear when they see this chart http://qz.com/383532 Quote Link to comment Share on other sites More sharing options...
MSE refugee Posted April 15, 2015 Share Posted April 15, 2015 At last conclusive proof that the Gold crash is imminent! This thread is absolutely dire nowadays. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted April 15, 2015 Share Posted April 15, 2015 ... while rally underway. Too funny. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted April 15, 2015 Share Posted April 15, 2015 ... while rally underway. Too funny. Quote Link to comment Share on other sites More sharing options...
R K Posted April 15, 2015 Share Posted April 15, 2015 (edited) ... while rally underway. Too funny. Pennies in front of steamroller. Even funnier. Please point out to us all where you are seeing a "rally underway" http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=4&mn=0&dy=0&id=p46682640023 Edited April 15, 2015 by R K Quote Link to comment Share on other sites More sharing options...
Errol Posted April 15, 2015 Share Posted April 15, 2015 I think this is quite interesting. There is certainly an increase in discussions of this type: OMFIF (Official Monetary and Financial Institutions Forum), in association with the World Gold Council, hosts a select group of central banks and other official sector institutions for a breakfast discussion on gold, the renminbi, and the multicurrency reserve system. Discussions are under Chatham House Rules and take place during the International Monetary Fund and World Bank Group spring meeting in Washington. http://www.omfif.org/meetings/briefings/ Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.