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mervs68
mervs68
Posts : 183
Join date : 2021-07-04
Age : 69
Location : Craigavon

Precious Metals Weekly Round Up.  - Page 2 Empty Re: Precious Metals Weekly Round Up.

Sat Sep 25, 2021 6:45 pm
Precious Metals: Weekly Update Sept 20th – Sept 24th (incl) 2021
*The precious metals price quotes are from one of the UK’s biggest bullion dealers. They may not, and often do not, correspond exactly with other quotes.

Gold @ £1280.22. Weekly change = plus £2.03 = + 0.16%
USD – 0.25%. Euro -0.17%
Gold premiums rose sharply in China as investors sought refuge from the imminent collapse of Chinese property giant Evergrande. These debts of £222bn, threaten to destabilize the already shaky economy, with knock on effects worldwide.  

Silver @ £16.41. Weekly change = + £0.08 = + 0.46%
USD + 0.22%. Euro + 0.23%
Silver ended the week with a little positive shine. However, the relentless selling pressure continues to put a massive dent in sentiment. The last time outlook was this bleak was autumn of 2018.

Platinum @ £727.01. Weekly change = plus £35.17 = +5.08%
USD. + 4.54%. Eur. + 0.23%
Platinum had a bit of a bounce this week from a technically ‘oversold’ level. The PGM’s have suffered from the underlying issue of semiconductor shortage, created when car manufacturers, expecting new purchases to fall away at pandemic heights, tripped-up by cancelling ‘chip’ orders, as car demand surged instead. Now they are at the end of a very long queue. The recent stoppages at U.S. car manufacturers have produced a shortage of new and used vehicles, thus stockpiles of platinum group metals are surging; triggering prices to plummet over the past month or so.

This article is for informational purposes only, it should not be considered Financial, Musical or Legal Advice. Nor to lead your thinking Not all information will be accurate, as the world is not fully round. Consult a music historian, astrologer or non-financial professional before making any major decisions. And good luck – may the force be with you. alien


Last edited by mervs68 on Sat Sep 25, 2021 6:49 pm; edited 1 time in total (Reason for editing : grammar etc.,)

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mervs68
mervs68
Posts : 183
Join date : 2021-07-04
Age : 69
Location : Craigavon

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Sat Oct 02, 2021 4:40 pm
Precious Metals: Weekly Update Sept 27th – Oct 1st (incl) 20121
*The precious metals price quotes are from one of the UK’s biggest bullion dealers. They may not, and often do not, correspond exactly with other quotes.

Gold @ £1300.07 Weekly change = plus £19.84 = + 1.55%
USD + 0.57%. Euro + 1.65%
Short term gold looks bright. Technically the MACD* and RSI* are turning positive, on the daily charts. Meanwhile on the fundamentals side, we are heading towards the end of year, which includes five of the major Gold buying festivals. In a typical year gold jewelry demand consumes roughly half of production. So Gold, with some blips, could find some strength over the short term.

Silver @ £16.65 Weekly change = plus £0.24 = + 1.48%
USD + 0.41%. Euro + 1.48%
Silver is struggling big time. The monthly charts show it hanging over a precipice and I fear it close to falling. But that equates to buying opportunities. Silver might bounce a little this week, but again I fear it to be ‘a dead cat bounce.’

What a Face Platinum @ £726.45 Weekly change = minus £0.56 = - 0.08%
USD – 0.99%. Euro + 0.11%
The fundamentals for Platinum are weak short term but looking out across the horizon towards 2023 the future looks brighter. I can visualize Platinum slumping to near its March 2020 lows and if they hold then it Might turn around massively. Platinum spikes very quickly.

*MACD – Moving Average Convergence/Divergence.
*RSI – Relative Strength Index.
This article is for informational purposes only, it should not be considered Financial, Musical or Legal Advice. Nor to lead your thinking. DYOR. Not all information will be accurate, as the world is not fully round. Consult a music historian, astrologer or non-financial professional before making any major decisions. And good luck – may the force be with you. What a Facecyclops cyclops

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mervs68
mervs68
Posts : 183
Join date : 2021-07-04
Age : 69
Location : Craigavon

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Sat Oct 09, 2021 10:13 pm
Precious Metals: Weekly Update Oct 4th – Oct 8th (incl) 2021
*The precious metals price quotes are from one of the UK’s biggest bullion dealers. They may not, and often do not, correspond exactly with other quotes.

Gold @ £12.90. Weekly change = minus £9.33 = - 0.72%
USD – 0.54%. Euro – 0.01%
Gold bounced around between a weekly high of £1307 and £1284 low and ended the week trading slightly lower. Fluctuating USD, approaching FED taper, potential interest rate rises, and confusing economic outlook all lead to a directionless precious metal.

Silver @ £16.65. Weekly change = £0.00!!!
USD + 0.54%. Euro + 0.75%
Silver hit an early week low of £16.40 before a short-lived Friday burst to £17.02. But short lived it was, as it finished the week exactly where it started.

Platinum @ £ 761.16. Weekly change = plus £34.71 = + 4.78%
USD + 5.32%. Euro + 5.51%.
Platinum hit early week lows of £700.17 before rising sharply on Friday to finish off the week with good gains. Whether this can be sustained, only time will tell.

This article is for informational purposes only, it should not be considered Financial, Musical or Legal Advice. Nor to lead your thinking. DYOR. Not all information will be accurate, as the world is not fully round. Consult a music historian, astrologer or non-financial professional before making any major decisions. And good luck – may the force be with you. Have a nice weekend everyone Very Happy

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mervs68
mervs68
Posts : 183
Join date : 2021-07-04
Age : 69
Location : Craigavon

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Sun Oct 17, 2021 9:51 pm
Precious Metals: Weekly Update Oct 11th – Oct 15th (incl) 2021
*The precious metals price quotes are from one of the UK’s biggest bullion dealers. They may not, and often do not, correspond exactly with other quotes.

Gold @ £1286.Weekly change = minus £4.39 = - 0.34%
USD +0.6%. Euro + 0.38%

Silver @ £16.98. Weekly change = plus £0.33 = + 1.94%
USD + 2.87%. Euro + 2.66%

Platinum @ £776.54. Weekly change = Plus £15.38 = + 2.02%
USD + 2.77%. Euro + 2.52%
Gold climbed steadily in early week trading to hit a high of £1315, before giving it all back by week close.
Likewise Silver hit week highs early Friday of £17.25 before losing a lot of momentum. The shiny metal still ended the week with a decent 1.94% gain.
Platinum lost its mojo early week, hitting a GBP low of £742 before climbing up again by week’s end of trading.

This article is for informational purposes only, it should not be considered Financial, Musical or Legal Advice. Nor to lead your thinking. DYOR. Not all information will be accurate, as the world is not fully round. Consult a music historian, astrologer or non-financial professional before making any major decisions. And good luck – may the force be with you.

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mervs68
mervs68
Posts : 183
Join date : 2021-07-04
Age : 69
Location : Craigavon

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Sun Oct 24, 2021 10:50 pm
Precious Metals: Weekly Update Oct 18th – Oct 22nd (incl) 2021
    *The precious metals price quotes are from one of the UK’s biggest      bullion dealers. They may not, and often do not, correspond exactly with other quotes.
 
GOLD @ £1303. Weekly change = plus £16.97 = + 1.32%
   USD = +1.43%. Euro = + 1.02%
 
Silver @ £17.69. Weekly change = plus + £0.72 = + 4.2%
    USD = + 4.39%. Euro = + 3.9%
   
Platinum @ £763.84. Weekly change = minus £12.70 = - 1.64%
    USD = - 1.35%. Euro = - 1.73%

The role of Gold and Silver as safe haven assets in turbulent times is being challenged. Youthful ‘new order’ investors see them as shiny relics of the distant past sinking into the sands of time. Bitcoin has doubled in price since July lows, touching $67,000 a few days ago. Expectations are that $100,000 will be breached in the foreseeable future. Gold has traded sideways for months and each time it rises investment houses sell and take profits. Silver has had a few good weeks but that only returns the price to Sept. 8th levels.  Sentiment has no place in the fickle world of investment. But things that have been around for a long long time tend to stay around. Those that become ignored and lost in the shadows quite often have an endurance that out lasts the latest brightest ‘Young thing’. Take Care. Be Kind..

Ozymandias
‘I met a traveller from an antique land
Who said: "Two vast and trunkless legs of stone
Stand in the desert . . . Near them, on the sand,
Half sunk, a shattered visage lies, whose frown,
And wrinkled lip, and sneer of cold command,
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them, and the heart that fed:
And on the pedestal these words appear:
'My name is Ozymandias, king of kings:
Look on my works, ye Mighty, and despair!'
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare
The lone and level sands stretch far away."
Percy Bysshe Shelley 1792 – 1822. On Youtube spoken by Vincent Price – outstanding.


Last edited by mervs68 on Sun Oct 24, 2021 10:52 pm; edited 1 time in total (Reason for editing : grammar etc.,)

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The Cat's Mother
The Cat's Mother
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Join date : 2021-05-19

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Yesterday at 7:43 am
Thank you @mervs68: not only do we get this useful information, but we get poetry too.

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Admin
Admin
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Join date : 2021-05-08
Location : England UK
https://www.thepreciousmetalforum.com

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Yesterday at 2:14 pm
Merv as always Thank you. cheers
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