Credit deflation and the reflation cycle to come (part 2)

[Tingles]

25 minutes ago, DoINeedOne said:

Nothing wrong with taking profits, BullionVault is a great site for my holding i have small amount physical as in coins but most silver i own is with BullionVault

Not sure about this Silver pump my average buy is around £12.5 if we get near £25 i may sell 50% to recover my investment whilst still holding half then if it drops back down i can re-buy back in, if it doesn't drop i have my original investment money back and silver to hold

I'm very similar with my main silver holdings (average buy £11) and may do the same, although I didn't last August.

[geordie_lurch]

Silver seems to be trying to go higher again - might be the Americans waking up...

[Lightscribe]

6 minutes ago, geordie_lurch said:

Silver seems to be trying to go higher again - might be the Americans waking up...

Wait until 2:30pm. First Majestic should see some movement, as well as physical price. That should in turn send the likes of FRES higher still before the day end.

Bullion by post now is now pricing a 1oz Britannia for £35.88.

https://www.bullionbypost.co.uk/silver-coins/britannia-silver-ounce/2021-britannia-one-ounce-silver-coin/

[kibuc]

Avino +144% premarket, now we're talking. 

[Yadda yadda yadda]

14 minutes ago, Lightscribe said:

Wait until 2:30pm. First Majestic should see some movement, as well as physical price. That should in turn send the likes of FRES higher still before the day end.

Bullion by post now is now pricing a 1oz Britannia for £35.88.

https://www.bullionbypost.co.uk/silver-coins/britannia-silver-ounce/2021-britannia-one-ounce-silver-coin/

Great page that as you can see spot in pounds and how much vat you're paying.

[Lightscribe]

15 minutes ago, Yadda yadda yadda said:

Great page that as you can see spot in pounds and how much vat you're paying.

Yup, shows how much you are going to get ripped off by. £29 for a Britannia excluding VAT though. 

Glad I did most of my silver buying in the lows of 2015/16 and that my 10oz Queen Beasts were up to date in December. Will be interesting to see any updates with orders from Coin Invest and silver to go.

 

[Yellow_Reduced_Sticker]

 

I just checked my bullionvault acc, i'm up 61%, BUT, FFS I forgot to spend the £3K cash left in there on silver last March! what to do ...buy NOW?

 

NA...if i BUY now I'll put a curse on the silver price AND it will surely COLLAPSE ...and @DurhamBorn's son won't be able to pay off his mortgage BY this Friday at 4.27pm!

 

SO...let's have another CRAZY week...watch our silver miners go to the MOON ...whilst munching on popcorn!

 

[geordie_lurch]

This gives some context to what went on last week and what is probably going to only increase this and the next few weeks as all this filters through most things

A longer version of the above:

https://www.reuters.com/article/retail-trading-hedgefunds/goldman-sees-hedge-fund-exposures-close-to-records-ongoing-sell-off-risk-after-gamestop-swings-idUSL1N2K60GW

Quote

“Despite this active deleveraging, hedge fund net and gross exposures on a mark-to-market basis both remain close to the highest levels on record, indicating ongoing risk of positioning-driven sell-offs.”

 

[Heart's Ease]

Thanks to everyone here on DBs superb thread I am in the bizarre position of not having fomo, but looking around instead to see what looms elsewhere as a buy when the attention is on silver and GME.

Also a h/t to @201p who said today on his equally addictive thread "The thing with watching and participating the markets for a long time, you build a tool box for situations. It's time to dig out that non standard crescent wrench."

Let's see how things roll today. Come on the mighty Panther!

[Lightscribe]

18 minutes ago, Heart's Ease said:

Thanks to everyone here on DBs superb thread I am in the bizarre position of not having fomo, but looking around instead to see what looms elsewhere as a buy when the attention is on silver and GME.

Also a h/t to @201p who said today on his equally addictive thread "The thing with watching and participating the markets for a long time, you build a tool box for situations. It's time to dig out that non standard crescent wrench."

Let's see how things roll today. Come on the mighty Panther!

I’ll be enthusiastically coaxing the Panther (oo-er) today alongside you. 

[Green Devil]

26 minutes ago, Heart's Ease said:

Thanks to everyone here on DBs superb thread I am in the bizarre position of not having fomo, but looking around instead to see what looms elsewhere as a buy when the attention is on silver and GME.

Also a h/t to @201p who said today on his equally addictive thread "The thing with watching and participating the markets for a long time, you build a tool box for situations. It's time to dig out that non standard crescent wrench."

Let's see how things roll today. Come on the mighty Panther!

Amazing how things turned out, with even Panther getting a bid! 

[AWW]

I still think silver is a great long term hold, but I've just sold out of my entire holding off Arvino. 103% up on the day is completely unsustainable. Will buy back in later.

[AWW]

I do wonder if ASM went up so much compared to other silver miners is that it was first alphabetically on the list that the silver squeeze brigade are being told to buy today.

[Yadda yadda yadda]

I've sold First Majestic and Pan American but kept Fres and HOC.

Also hope to buy back in later.

[kibuc]

10 minutes ago, AWW said:

I still think silver is a great long term hold, but I've just sold out of my entire holding off Arvino. 103% up on the day is completely unsustainable. Will buy back in later.

Surprised you managed to do so. Usually, I can only trade minnows like Avino or Impact in £1000 batches, if I'm lucky.

[geordie_lurch]

Bp has gone firmly under 270p now - currently 266.5p so not sure where the next bottom for that might be

[Loki]

5 minutes ago, geordie_lurch said:

Bp has gone firmly under 270p now - currently 266.5p so not sure where the next bottom for that might be

Just topped up my BP in my ISA so next stop 150p

[Democorruptcy]

5 minutes ago, geordie_lurch said:

Bp has gone firmly under 270p now - currently 266.5p so not sure where the next bottom for that might be

There seems to be a disconnect at the moment between -BP/RDSB prices and +Crude/Brent prices. Also a lot of oil firms in my watchlist are up, except XOM and COP which are slightly down and also reporting this week. Either somebody knows something about the results or it's a shake out?

[geordie_lurch]

RDSB is aso heading lower now too having gone through 1250 so maybe UK oil stocks are being sold to cover shorts that went wrong

I have managed to pick up some stocks I sold over the last few weeks for around 10% cheaper than I sold them for over the last few days but I might be done trying to squeeze much more out of things now. However I do have about 10% or so cash left waiting in my S&S ISA just in case one of my existing long term inflation stocks or a new one on my watch lists hits some ambitious limit orders

[Errol]

An example of what is on Twitter.

As far as I'm concerned, you can wake me up when Silver is well over $100 an ounce. Until then, there's not much to be excited about.

[Yadda yadda yadda]

I've rotated quite heavily from Silver miners to Oilies today. Also exited my meme stock positions just in time.

[leonardratso]

ive spun silver profits to gold myself

[Gin]

Tesla boss Elon Musk has grilled the co-founder of trading app Robinhood, Vladimir Tenev, about why it limited users buying shares in the US games retailer GameStop and other stocks.

 

Valdimir Tenev..:

“Robinhood stands for, you know, democratising access to stocks,” he said on Clubhouse.

“We want to give people the access… but we had no choice in this case, we had to conform to our regulatory capital requirements.”

 

https://www.bbc.co.uk/news/technology-55888782

[Hardhat]

I'm not selling silver yet, I took profits in the summer with silver at $29. This is a bit of a nothing move so far, apart from some of the juniors up 50-100% of course.

[Hancock]

How comes all Uraniam shares are up . Cameco which is was looking to buy is up 20%

uranium