Precious Metals Weekly Round Up.

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.

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.’

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.

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

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.

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.

Thank you @mervs68: not only do we get this useful information, but we get poetry too.

Merv as always Thank you.

Precious Metals: Monthly Update October 2021.
Gold @ £1302 Weekly change = minus £0.4 = - 0.03%
Gold Monthly change:
GBP = minus £2.27 = - 0.18%. USD @ 1784 = +26.64. + 1.52%
Euro @ 1542 = + 1.6%

Silver @ £17.48 Weekly change = minus £0.21= - 1.23%
Silver Monthly change
GBP plus £1.00 = + 6.04%
USD @ 23.92 = + 7.75%. Euro @ 20.69 = + 7.91%.

Platinum @ £752. Weekly change = minus £11.30 = - 1.48%
Platinum Monthly change
GBP plus £ 32.5 = + 4.52%
USD @ 1030 = + 6.13%. Euro @ 891 = + 6.16%.

There is dismissive talk of ‘transitory’ inflation, pats on the head and be a ‘good child’ platitudes and listen to the grown-ups, from those in power with the sword of Damocles hanging above their heads. Economical with all truths, full of bluster and empty of wisdom, morals or acumen, prancing and posing on the world’s stage but in the real world get ready for the impact of inflation. Rising prices, supply shortages and Covid/Brexit ‘problems’ are reshaping our world. Precious metals have witnessed the sunrise and set over empires, seen the fads come and fade away, they will have their shiny days until the sun finally sets.
*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.

Merv, Fantastic!!!

Happy Halloween my friend

You too my pal DV I be back soon..

Sorry no Updates this week.. Family issues.... Take care everyone

mervs68 wrote:Sorry no Updates this week.. Family issues.... Take care everyone

Merv, Sending our thoughts and prayers for those who do.

Take care of your end bud. The updates can wait.


from ACE/ Jon

Admin

Precious Metals: Weekly Update 8-12 October 2021

“Asia and Europe: distant recesses of the universe. The oceans: a drop of water. Mount Athos: a molehill. The present: a split second in eternity. Minuscule, transitory, insignificant.” – Marcus Aurelius 121AD- 180AD

Precious metals had shiny week. Gold + 3%. Silver + 5%. Platinum + 5%
Gold @ £1390.58 – USD 1864.91. Euro 1629.64.
Silver@ £18.88. – USD 25.32. Euro 22.12.
Platinum @ £815.47. USD 1093. Euro 955.71.

Silver investment demand was dull in October despite the rise in price. American Silver Eagles sales totaled 1,076 Koz, less than half of September sales. Perth Mint sales down also at 1,352 Koz.
*The solar photovoltaic (PV) industry accounts for 11% of total silver demand, consuming 101 moz last year, up from 98.7 moz in 2019 and almost double the level just five years earlier (54.1 moz in 2015) (source: The Silver Institute). Despite the pandemic, global PV installations reached 138 GW in 2020, a new annual record of 18% growth and causing a modest uptick in silver demand (+2% year-on-year) despite the ongoing thrifting of metal in solar cells. Even in countries badly affected by the pandemic, PV installations and associated silver demand have been resilient. Global PV deployment is expected to record another year of record growth in 2021, with estimates ranging from 163-183 GW (equivalent to ~120-130 moz
of silver at current loadings). By 2022, PV installations are forecast to exceed 200 GW for the first time on record, with silver consumption moving closer to ~140 moz.
* Source – Heraeus Precious Appraisal.

U.S. equities remain hot, hot, hot. Bubble territory?
U.S. Dollar Index @ 95.12, highest since July 2020. (Tracks the strength of USD against a basket of six countries – Euro 58%, Japanese Yen 14%, Pound Sterling 12%, Canadian Dollar 9%, Swedish Krona 4%, Swiss Franc 4%. *Rounded up/down.
U.S. Consumer prices rose 6.2% year on year, in October. A 31 year high.
U.K inflation – latest release for September = 2.9%. October figures released 17th November.

*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.

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.

Glad to see you back, friend.

Precious Metals: Weekly Update 15-19 November 2021

Gold @ £ 1373 Weekly change minus £17.23 = minus 1.24%
USD – 0.99%. Euro + 0.42%
Silver @ £ 18.32. Weekly change = minus £0.56 = -2.96%
USD – 2.79%. Euro – 1.34%
Platinum @ £774.81. Weekly change = minus £40.66. – 4.99%
USD – 4.78%. Euro – 3.43%

Precious metals had a difficult week, could not gain any traction. Silver volume levels are the lowest since November 2020; at 1/10th of spring/early summer levels. Also, Gold volume retreated to half of summer 2020 levels. Semi-conductor shortages, continue to hit European new car sales – October trades being at their lowest monthly figures since 1990. The affects being realized in Platinum price drop.
U.K. annual inflation rate hits 4.2% - highest since December 2011.
US Dollar Index @ 96.07 hits highs last seen in May 2020: up 1% on week.
The DJI slightly off all time highs @ 35,601, down 2% on week. FTSE 100 @ 7223 – on week, just off highest level since the spring 2020 collapse.  

*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.

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.

Ironic when you look back at the Highs when you first started.

Gold was slightly less as was silver. Yes there were dips, but still.

Great work bud.

Precious Metals: Weekly Update 22- 26 November 2021
Gold @ £1343.52 Weekly change minus £29.82 = - 2.17%
Silver @ £17.34 Weekly change minus £0.97% = - 5.32%
Platinum @ £720.20 Weekly change minus £54.6 = - 7.05%

Precious metals and equities had an ugly end to the trading week. Low volumes, due to the U.S. Thanksgiving Day holiday and ‘Black Friday’, plus a looming covid mutation created a perfect storm for prices. A return to normal trading and liquidity from Monday will either enforce the slump or be viewed as a buying opportunity. Again, as per usual, no sense in pre-guessing the mood. Better to wait and watch what unfolds. USDollar index @ 96.07, a little off its peak, but still at highest levels in 18months. As most commodities are priced in USD, to a small degree the rise or fall in USD value impacts prices in other currencies, although supply and demand and investor/trader sentiment is prime.

*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.
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.

Precious Metals: Weekly Update: 29thNov-3rd Dec. 2021

Gold @ £1348.79 Weekly change plus £5.27 = + 0.39%
Silver @ £17.05. Weekly change minus £0.29 = - 1.70%
Platinum @ £713.47. Weekly change minus £6.73 = - 0.94%

Gold – directionless – up then down since early summer. Volume declining since springtime. Impossible to say what direction next, because ‘it’ don’t know either.

Silver is technically oversold and may have a short-term bounce. However long-term momentum and volume are negative.

Platinum price is in a downward spiral: £224 off a March peak of £937, a whopping 23% decline and since November 16th has lost 13% and dropped by £108. Although according to the WPIC* demand is expected to have risen this year  + 14% in automotive sector and + 26% in industrial sector. However, investment demand is projected to decline by 86%!!! year on year. A projected surplus of 769,000 oz this year and 637,000 oz in 2022 keeping a lid on price. *World Platinum Investment Council.

Global equities are nervous and volatile, they don’t know whether to laugh or cry. Bitcoin similar, took a price hit on Friday before regaining composure @£37,000 – just shy of triple its Dec. 2020 price! US Dollar Index @ 96.15 a little off year high.

*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.

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.

I am glad the platinum is back down. It makes me go back into collecting more of it.

And as far as silver... Bring it on....

Gold well who doesn't love shiny Gold. Will set a New Years goal for how many oz I plan to buy soon.

Precious Metals: Weekly update: 6-10th Dec. 2021

Gold @ £1344.66. Weekly change -£4.13. -0.31%
Silver @ £16.74. Weekly change -£0.31. -1.82%
Platinum @ £719.10. Weekly change + £5.63 + 0.79%

Gold has struggled since hitting a high of £1560 in August 2020. Volume collapsed to a quarter of summer 2019 levels. If the price over the next year fell to circa £1000/$1400 levels I would not be surprised.
Silver is on the same slippery slope. The silver metal needs to hold £16.06/$21.56 level. If not held then £15.10 awaits. Followed by £14.07, £13.74. Only time will tell.
Platinum also looks a bit moribund. I am waiting on circa £630/$840 levels before I would step in…*I stress, this is purely subjective opinion and not intended to lead reader thinking or investment decisions. As in all things in life - DYOR.

As most commodities are priced in U.S. Dollars the USD index is watched – down a tiny fraction on week @96.05. Prices for American consumers are rising at the fastest annual rate since 1982 – 6.8% in year to November. The ‘FED’ finally decided to drop the term “transitory”. U.K. and European inflation following the same trajectory. Meanwhile equities remain hot. Too hot to touch? Bitcoin circa £36,565 -$48,546 (currently active). November 2021 highs of £49,939 -$69,539.

*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.
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.

Precious Metals: Weekly Update:12th – 16th December 2021
Gold @ £1359.07. Weekly change + £14.41. + 1.07%
Silver @ £16.92. Weekly change + £0.18. + 1.09%
Platinum @ £715.45. Weekly change - £3.65. – 0.51%

With the holiday season arriving expect low volume and high volatility in
all markets. U.S. Dollar Index @ 96.67 just slightly below November Year highs. Bitcoin @ £35,358, down £1100+ on the week.

*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.

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.

Thank you bud, I have updated you title with a special rank of Precious Metal Data Analysis, 
We appreciate your ongoing support. And thought that putting this title ( well deserved ) would help others know that your the person who is watching the markets. 

Thank you bud. 

No Biscuits or anything though.... sorry.

Awww. i like biscuits with my coffee. Thanks pal , i will try to fulfill my duties...

mervs68 wrote:Awww. i like biscuits with my coffee.  Thanks pal , i will try to fulfill my duties...

Your more than welcome bud. 

I thought that as you have been doing this since day 1 nearly, it is rightly so that I give you a title. And I now fixed it as well. Thanks to  @The Cat's Mother

Thanks pal and @The Cat's Mother.