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Another no for you - 91.1 - Gold silver ratio this morning.
The Dow sell-off Mon/Tue is only the startā¦Worth watching thisā¦
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Yes ā¦ I own some
95 this morning FFSā¦
Would like to see 1350 ish to risk a good shot 
I think I posted this at Freebird. Areas where the scalps have a chance of gaining some traction. For now the market close gap at 072x has yet to be filled. It still might but this is the kind of thing I was saying in last post, everyone was looking at it and the MM sold a dream picture. On Smaller time frame the 1-4 hr the current area to about 1080 is a fairly low risk area if you are heading for continuation of the gap. The hourly chart shows how treacherous it was for the guys attempting longs after every bull engulf candle. I stand by never buy or sell the picture that is painted.
I know there is talk of Corona virus but again is it a picture for us ?
Dow, FTSE etc the fear and panic is how the smaller bundles of capital transfer to the bigger bundles. I know this is like teaching the lords prayer to the high priesthood here and we should all know the score but even for myself,writing it, is a decent reminder to stay calm, pick out your level, calculate the risk and fire the shot. If the level is good you can normally get at least a BE from it. If it fails it has nothing to do with Corona and all the other bullshit news of the day. It was just the wrong level for your expectations.
I bought at 2.1 pips from the current low and only netted about 8 pips or so, itās now climbed about 260 pips. Iām not bitter or frustrated, itās the path I have chosen as below that level were many more possible levels and is the price Iām prepared to pay for low risk participation. On this occasion it didnāt stick but every so often it does. Anyway just got a bit of spare time and thought to waffle a tad ! There are large gaps in liquidity that have yet to be filled but in what order ? I know the MM donāt give a shit about Corona or anything else, only getting paid.
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JFDI Stu- (at any price) IMHO gold and silver will go no offer soon ( Only physical tho)
''Those prescient enough to anticipate these events will be hedging not into US Treasuries, which in truth offer no security with government funding almost certain to spin out of control, but into gold, silver, perhaps bitcoin and related investments. āā
āāLet me be clear in what I am saying ā I canāt know when the big shorts will collectively buy back short positions on higher gold and silver prices for the very first time, but as and when they do buy back on higher prices, then prices will behave differently than anyone has ever witnessed.āā
āāThe only reason silver, in particular, is as cheap as it is - is because the big shortsā position has depressed prices. Without this short āprice capā, silver would be much higherāā
http://silverseek.com/commentary/bear-stearns-dĆ©jĆ -vu-17859
JFDI ?
We will see, every market has to attract fresh meat
Just Fā¦g Do IT
There is a lot of fear in the markets atm and the fear trade should push PM,s a lot higher.
I have scrap if I get in a bind. Honestly you should try that. Itās a market on the likes of facebook were people just want quick cash and have no knowledge of any value relatively speaking.
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We will see mate, I have lower levels, I can wait. If it doesnāt happen nothing lost.
As we have discussed before Iāve never really caught the gold bug.
In a true crisis hunting kit and a water source. The scrap stuff is always because itās cheap and I know others will part with their cash for it at some point.
Yeah Iāve got quite a few silver crowns too.
Itās not a bug - itās a logical reaction to the current markets and the search for (massively) undervalued assets,
It comes down to how we see value. Who says itās massively undervalued ? Is it because of the cost of extraction/production ? Estimated reserves ?
In real panic, possibly now I donāt what the masses are doing ? But if their reserves are in gold how do they buy buy food to stockpile and fuel and anything else they deem necessary ? Do they convert gold to cash to buy what they think they might need ?
Itās just how I see it, itās not that important to me to obtain it at any price. I might be missing a trick I donāt know.
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Now you are talking mad max - if that happens, all bets are off and it wonāt matter what you own, and unless you are totally off the grid you will suffer same as everyone else.
Yes I concede that but gold in my view is seen as the apocalyptic mode of currency and wanting to hold physical lends weight to that.
At itās current value 1kg is about Ā£41k , 1kg of Ā£50ās is roughly the same right now at just over Ā£41K. So I can see some advantages in having it in that respect if value rises as 1kg of Ā£50ās will always be the same value.
I think I will continue you to dip in and out CFD and buy bargain scrap when itās offered
??? 20 characters post rule.
It was just another gold post - Donāt wanna get repetitive.
(.) countsā¦