warpig Posted April 10, 2012 Share Posted April 10, 2012 An excellent podcast IMO. http://www.netcastdaily.com/broadcast/fsn2012-0404-1.mp3 Quote Link to comment Share on other sites More sharing options...
roman holiday Posted April 11, 2012 Share Posted April 11, 2012 Yes - I noted that distinct divergence yesterday. Does anyone have any theories? Ummm... gold has triune properties? Inflation hedge with the risk on trade. Deflation hedge with the risk off/ safe haven trade. And effectively an alternative currency. Volatile within the triangulated mix, but in the aggregate trending up. Quote Link to comment Share on other sites More sharing options...
Lepista Posted April 11, 2012 Author Share Posted April 11, 2012 http://news.bbc.co.uk/today/hi/today/newsid_9712000/9712315.stm Quote Link to comment Share on other sites More sharing options...
culvers Posted April 12, 2012 Share Posted April 12, 2012 PM's ready to rally.... http://theshortsideoflong.blogspot.co.uk/2012/04/this-post-is-follow-up-on-last-weeks.html might have been a good call - gold and silver both just had a massive spike, how high can it go? Quote Link to comment Share on other sites More sharing options...
warpig Posted April 12, 2012 Share Posted April 12, 2012 Not to worry it was worthy of a repost. I posted that on 8 April, get with the programme. Quote Link to comment Share on other sites More sharing options...
SEW247 Posted April 13, 2012 Share Posted April 13, 2012 Hope everyone's filled their boots over the past few weeks. Got a feeling things are gonna hot up soon. Lucky I got paid my bonus 2 weeks ago, and it aint going into a cash ISA or shares Quote Link to comment Share on other sites More sharing options...
JohnLennon Posted April 14, 2012 Share Posted April 14, 2012 Hope everyone's filled their boots over the past few weeks. Got a feeling things are gonna hot up soon. Lucky I got paid my bonus 2 weeks ago, and it aint going into a cash ISA or shares I can also smell another sh1t storm brewing. Spain and Portugal need more bailouts (well bugger me!). FTSE down (shysters will need more QE money spent 'other assets' i.e. shares), Double Dip (despite fiddling), Unemployment on the up the up, tax take on the down and down, fk me not much good news! At least Greece is contained On the bear side I note Bullionvault gold and silver doesn't seem to go up (or down) very much in reltiaon to the spot price anymore. I've logged in on down days (Silver down 5% say) looking to fill me boots, only to find Silver down 1%, etc. Dislocation between spot gold and physical.....Dunno! Quote Link to comment Share on other sites More sharing options...
culvers Posted April 14, 2012 Share Posted April 14, 2012 i was in town yesterday and noticed a closed down shop in the shopping centre had been partially reopened as some sort of "cash 4 gold" type set up which consisted of a cardboard cut out sign, and two blokes behind a desk. It struck me how as the price of gold has risen, gold ownership by the "general public" in the UK has probably dropped massively as everyone "cashes in" I genuinely believe the majority of people have no real gold or silver, the only person i know who owns any gold is my wife, and that is because she is chinese thai and they all seem to hold a significant portion of their wealth in gold. Quote Link to comment Share on other sites More sharing options...
blackdug Posted April 14, 2012 Share Posted April 14, 2012 i was in town yesterday and noticed a closed down shop in the shopping centre had been partially reopened as some sort of "cash 4 gold" type set up which consisted of a cardboard cut out sign, and two blokes behind a desk. It struck me how as the price of gold has risen, gold ownership by the "general public" in the UK has probably dropped massively as everyone "cashes in" I genuinely believe the majority of people have no real gold or silver, the only person i know who owns any gold is my wife, and that is because she is chinese thai and they all seem to hold a significant portion of their wealth in gold. We're was your wife born,,,Thailand or china........ Quote Link to comment Share on other sites More sharing options...
culvers Posted April 14, 2012 Share Posted April 14, 2012 We're was your wife born,,,Thailand or china........ malaysia... Quote Link to comment Share on other sites More sharing options...
200p Posted April 15, 2012 Share Posted April 15, 2012 http://www.youtube.com/watch?v=1w0LOtWmy_o Quote Link to comment Share on other sites More sharing options...
Fortune Posted April 17, 2012 Share Posted April 17, 2012 A 25% rise in Gold (measured in pounds) is most definitely baked into the cake. Who wants to make an easy 25% in a few months? Pound Strength Is ‘Crippling’ Britain’s Recovery, Civitas Says Britain’s exchange rate is “crippling” the economic recovery, and devaluing the pound by as much as 25 percent could push growth back to an annual 4 percent, research group Civitas said. The pound’s “significant” drop since 2008 hasn’t been enough to make U.K. exports competitive on world markets, and a future decline in the currency is inevitable, according to John Mills, the author of the Civitas report published in London today. A devaluation of as much as 15 percent would balance the U.K.’s trade deficit, he said. “The exchange-rate policy which we have pursued for decades has made it much more expensive to run most manufacturing operations here than in other parts of the world,” Mills said. “Getting the exchange rate down is a matter on which, in the end, we will have no choice.” Bloomberg Quote Link to comment Share on other sites More sharing options...
Fortune Posted April 17, 2012 Share Posted April 17, 2012 Speaking of 2008, look what has happened since. Look like we launch in the autumn - sep or oct. Quote Link to comment Share on other sites More sharing options...
R K Posted April 19, 2012 Share Posted April 19, 2012 First 50/200 ma crossover 'Death Cross' in spot gold since September 2008 http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=3&mn=0&dy=0&id=p03293854833 Ditto in sterlings http://stockcharts.com/h-sc/ui?s=$GOLD:$XBP&p=D&yr=3&mn=0&dy=0&id=p92948983182 Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted April 19, 2012 Share Posted April 19, 2012 First 50/200 ma crossover 'Death Cross' in spot gold since September 2008 http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=3&mn=0&dy=0&id=p03293854833 Ditto in sterlings http://stockcharts.com/h-sc/ui?s=$GOLD:$XBP&p=D&yr=3&mn=0&dy=0&id=p92948983182 She cannae take any more capn? Are you officially calling abandon ship? Quote Link to comment Share on other sites More sharing options...
R K Posted April 19, 2012 Share Posted April 19, 2012 She cannae take any more capn? Are you officially calling abandon ship? It's not a 'trading' signal, it's an observation. It's quite possible price will rise back to the 200ma. But it's a clear, factual, unbiased market signal that momentum has evaporated. One can also imagine possible scenarios as the summer '11 blow out top starts to weigh on 10month-12month momentum in the next couple of months. Only new highs would prevent the momentum funds from being sellers. With zero yield and carry costs gold is particularly volatile in that regard. We'll know by Q3/Q4 '12 how that went Quote Link to comment Share on other sites More sharing options...
Errol Posted April 19, 2012 Share Posted April 19, 2012 (edited) First 50/200 ma crossover 'Death Cross' in spot gold since September 2008 http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=3&mn=0&dy=0&id=p03293854833 Ditto in sterlings http://stockcharts.com/h-sc/ui?s=$GOLD:$XBP&p=D&yr=3&mn=0&dy=0&id=p92948983182 Yawn. On another note, just reading 'The Golden Revolution' by John Butler - A great read and provides some good ideas about how the coming gold standard might work. Amazon.co.uk link - http://www.amazon.co.uk/The-Golden-Revolution-Prepare-Standard/dp/1118136489 Edited April 19, 2012 by Errol Quote Link to comment Share on other sites More sharing options...
R K Posted April 19, 2012 Share Posted April 19, 2012 I often wonder whether key TA signals are deliberately targeted by the pros to trigger sales. Certainly we should get a bit more jittery here before people buy back in. Perhaps remaining below at the month end will be another key sell signal. Indeed. One only has to look at the silver chart to find evidence of that (or pretty much any other asset chart). We've been in a momentum free zone for the past 12 months or so which reflects the problems in the main driver economies of India and China. India need to act on the current a/c problems caused by their gold market - evidenced by their recent gold sales tax, and China, well it's pretty clear China's wheels are coming off whether it's a hard or soft landing. Price is as price does. $1000 and $18 or lower are where value lies. Above that it's a ponzi (we know people buy into ponzis of course and find rationales for so doing) Quote Link to comment Share on other sites More sharing options...
warpig Posted April 19, 2012 Share Posted April 19, 2012 We also know some people can't recognise value when it's right in front of them. $1000 and $18 or lower are where value lies. Above that it's a ponzi (we know people buy into ponzis of course and find rationales for so doing) Quote Link to comment Share on other sites More sharing options...
warpig Posted April 19, 2012 Share Posted April 19, 2012 (edited) Edited April 19, 2012 by warpig Quote Link to comment Share on other sites More sharing options...
R K Posted April 19, 2012 Share Posted April 19, 2012 We also know some people can't recognise value when it's right in front of them. Let's stick to the objective evidence shall we? My evidence is long run reversion. Yours is? Quote Link to comment Share on other sites More sharing options...
warpig Posted April 19, 2012 Share Posted April 19, 2012 Common sense. Let's stick to the objective evidence shall we? My evidence is long run reversion. Yours is? Quote Link to comment Share on other sites More sharing options...
Errol Posted April 19, 2012 Share Posted April 19, 2012 Let's stick to the objective evidence shall we? What did the 'evidence' tell you back in 2002? I presume you loaded up with hundreds of ounces of gold since you would have known it was going to $1900? Quote Link to comment Share on other sites More sharing options...
R K Posted April 19, 2012 Share Posted April 19, 2012 Common sense. You could have at least offered some of Errol's historical charts of tails and real price. Oh well. No evidence, no discussion. Which is more than fine with me. Quote Link to comment Share on other sites More sharing options...
R K Posted April 19, 2012 Share Posted April 19, 2012 What did the 'evidence' tell you back in 2002? I presume you loaded up with hundreds of ounces of gold since you would have known it was going to $1900? We don't do 'personal' remember? It's not about you etc etc Quote Link to comment Share on other sites More sharing options...
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