Pixel8r Posted October 11, 2010 Report Share Posted October 11, 2010 No resistance would be nice because physical in the uk is similar to the dollar price thanks to vat and premiums. Buy via Goldmoney or Bullionvault for no VAT or premium on physical. I have most of my silver stash at GM, keep a STHF position in coins which I had to pay VAT on. Link to comment Share on other sites More sharing options...
Eiji Posted October 11, 2010 Report Share Posted October 11, 2010 I wonder if anything will come of the CFTC investigation (LOL yeah...) into the massive silver shorts by JPMorgan. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 12, 2010 Report Share Posted October 12, 2010 The latest decline looks very controlled, maybe too controlled? http://gold.approximity.com/since2008/Gold-Silver-Ratio.html Link to comment Share on other sites More sharing options...
Perishabull Posted October 13, 2010 Report Share Posted October 13, 2010 The latest decline looks very controlled, maybe too controlled? The rise in gold and silver has been almost a straight line, a disorderly rise could well induce panic, perhaps it's being carefully "managed". Link to comment Share on other sites More sharing options...
frizzers Posted October 13, 2010 Author Report Share Posted October 13, 2010 Big, big level for silver coming up: Link to comment Share on other sites More sharing options...
Pixel8r Posted October 13, 2010 Report Share Posted October 13, 2010 Big, big level for silver coming up: I thought that level had already been reached, the london silver fix for 26/09/80 was $22.24. Link to comment Share on other sites More sharing options...
Schaublin Posted October 13, 2010 Report Share Posted October 13, 2010 Silver now at 15 GBP - and a one ounce Libertad will set you back 21 GBP from CoininvestDirect. Still ridiculously cheap and there for the taking for the moment... Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 13, 2010 Report Share Posted October 13, 2010 I thought that level had already been reached, the london silver fix for 26/09/80 was $22.24. Inflation-adjusted we're not there yet. http://gold.approximity.com/since1968/Silv...SD_CPI-adj.html Link to comment Share on other sites More sharing options...
frizzers Posted October 13, 2010 Author Report Share Posted October 13, 2010 Don't know source, but mine, Nick Laird (sharelynx), is about as reliable as it gets. Other sources confirm, just below $25 was the level. (Might be the difference between spot and future though) Eg http://www.futuresbuzz.com/silverlt.html London silver was fixed price $ 25 in September 1980, According to The Silver Institute, an American industrial group Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 13, 2010 Report Share Posted October 13, 2010 ... London silver was fixed price $ 25 in September 1980, According to The Silver Institute, an American industrial group I cannot quite confirm this, but I don't have intraday data. According to the Approximity database, the London Fixing silver high in Sep. 1980 was $23.54/oz. See also the zoom-in chart below. http://gold.approximity.com/1979-1980/Silver_USD.html Link to comment Share on other sites More sharing options...
frizzers Posted October 13, 2010 Author Report Share Posted October 13, 2010 GF, looking forward to an update on the housing v gold charts soon ... Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 13, 2010 Report Share Posted October 13, 2010 GF, looking forward to an update on the housing v gold charts soon ... I think the chart is pretty much up-to-date, but it relies on nationwide values. We're now the 2nd time under 200 oz. Link to comment Share on other sites More sharing options...
frizzers Posted October 13, 2010 Author Report Share Posted October 13, 2010 It's amazing the speed at which this has come down. It fell as quickly in the70s , then went parabolic , or whatever the opposite of parabolic is, in 1980. I guess/hope we still have that to come. But there is support here at 200. We could easily make a low here, as per 1990s When does NW data come out? It must be fairly soon. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 13, 2010 Report Share Posted October 13, 2010 $24.06 Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 13, 2010 Report Share Posted October 13, 2010 But there is support here at 200. We could easily make a low here, as per 1990s The fundamentals point lower IMO. When does NW data come out? It must be fairly soon. I think Sep. came out quite a while ago, so we have to wait for the Oct. data early Nov. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted October 13, 2010 Report Share Posted October 13, 2010 I cannot quite confirm this, but I don't have intraday data. According to the Approximity database, the London Fixing silver high in Sep. 1980 was $23.54/oz. See also the zoom-in chart below. ../.. GF - you may find this link interesting http://www.safehaven.com/article/5133/the-...r-spike-of-1980 Also, there is the matter of how high that grand silver peak actually ascended to. Various numbers gravitate around $50 give or take a dollar or two. According to Paul Sarnoff's book "Silver Bulls", January silver contracts topped out at $49 with a low of $37 and a close of $44. However, Stephen Fay's work "The Great Silver Bubble", suggests that it went as high as $50.50 on the COMEX exchange but goes on to state that the record was actually set three days earlier on the CBOT exchanges where it topped out at $52.50. For historical purposes we go with the $50.50 on that notable Monday afternoon. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 13, 2010 Report Share Posted October 13, 2010 $24.06 Gold:silver at 57.11 right now. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 13, 2010 Report Share Posted October 13, 2010 GF - you may find this link interesting. The highest London Silver Fixing was $49.45 in Jan 18 1980 (a Friday). Gold peaked at $850 in the afternoon fixing on Monday 21st Jan 1980. Link to comment Share on other sites More sharing options...
DoctorSolar Posted October 13, 2010 Report Share Posted October 13, 2010 It's amazing the speed at which this has come down. It fell as quickly in the70s , then went parabolic , or whatever the opposite of parabolic is, in 1980. I guess/hope we still have that to come. But there is support here at 200. We could easily make a low here, as per 1990s When does NW data come out? It must be fairly soon. Curious as to why you think we could easily make a low here. Given that your commentary here and elsewhere suggests that the gold bull has much further to go (perhaps doubling from here) this would imply that you think houses could easily double from here too. Is this really what you think is easily possible? Or am I missing something? Link to comment Share on other sites More sharing options...
azazel Posted October 14, 2010 Report Share Posted October 14, 2010 Inflation-adjusted we're not there yet. http://gold.approximity.com/since1968/Silv...SD_CPI-adj.html In the period of 1970-1980s, inflation got out of control which contributed to the spike in precious metal prices seen on your chart Goldfinger. I know there has already been alot of inflation, especially in house prices, but the fear is that all the QE and loss of confidense in the fiat money systems will cause an inflation event some say will make the 1970 look like a "walk in the park". So to inflation adjust the price and spike of the 70's with todays figures, before the feared coming inflation event would significantly underestimate the extent of the move that is to come. Link to comment Share on other sites More sharing options...
Icarus Posted October 14, 2010 Report Share Posted October 14, 2010 I like it when this happens. Link to comment Share on other sites More sharing options...
nobla Posted October 14, 2010 Report Share Posted October 14, 2010 Sarnia Silver is low on stock but has seconds of ASEs and maples for £17.99, i bought some ASEs and you can hardly tell they are seconds, they just had some tiny marks on them Link to comment Share on other sites More sharing options...
TrueNorth Posted October 14, 2010 Report Share Posted October 14, 2010 Now sold out on Maples and the amurrican one ouncers. Link to comment Share on other sites More sharing options...
nobla Posted October 14, 2010 Report Share Posted October 14, 2010 All one oz coins seem to be gone from Sarnia. hmm 10 oz bar for £199 Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 14, 2010 Report Share Posted October 14, 2010 We almost hit $25 earlier. The ratio now at 56.2. Call me Silverfinger. Link to comment Share on other sites More sharing options...
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