Wallis

I feel fine, sold my house in November for full asking price and will now be renting for as long as it takes. ! All first time buyers should be glad if they cant get a mortgage, why would you want to borrow money to buy an asset which is falling in price ??????

If Gold breaks the 905 level i think we could see quite a big leg down... Helping it on its way could be a fall in price of Oil and the $ strengthing. I think long term will be fine but could still see a nasty doropmay as far as $600 level.

When Gold hit $1000 it was always going to come off a few $. It's like Oil, it touched $100 and didn't get back there for a while. Once Gold trades thru $1000 again and all the sellers have gone then it will really motor, it has been attempting this break for nearly 2 weeks

remember inflation is only at 2.2%.....i trust our Govt.. (not)

There is not a shortage of housing. There are about 35 3 bed semis for sale in a 2 mile radius from my house...I am in London suburb. The only people who say they is a shortage are the ones who try to justify the reason house prices are so high. Just accept it for what is is ...'A speculative bubble' House prices left fundamentals behind around 7 years ago !!

I think Asian markrts will take Gold and Silver to new highs tomorrow, the indexes are firm so is Oil. After a couple of weeks attempting new highs this is when we break through. All thanks to the Fed for cutting interest rates and diverting money into Gold. !!...

Perhaps house prices are rallying again after the interest rate cut !!

Perhaps they meant 22.0%

NO ! see JAPAN for details

i'm long Silver on spread betting...it really is rollarcoaster stuff. Look how it has rallied now it has broken it's high again...looks like it is going to out perform Gold !!

The Producer prices today were really inflationary....I agree the CPI and RPI will only be small up tomorrow and fiddled as usual. RPI should be about 8% in reality

One thing there will not be is a stalemate for any length of time Once it gets in the nations psyche that house prices are actually falling do you think sellers are going to for a nice orderly queue. If I was selling my house I would do it now before another 5 people in my road all want to do the same thing !

What is interesting I found yesterday is that some estate agents are telling home owners to lower there prices to make a sale. It makes sense for them really, because they do not get paid anything while sellers are sitting tight and buyers are refusing to pay up. They EA's themseleves might be the ones who kick start the decline !!

mysterious early afternoon smack-downs....seen that a few times ..usually when the yanks come in.. me thinks it the big net short players trying to flush out 'weak longs'...they acutally bury Silver on these smack downs...but I usually buy on these dips as the rallies are just as violent.

Isn't this market just like the other booming 'poor' countries i.e Bulgaria, India....Where is your secondry market ?? if the locals earn only $20 a day ??

I looked at Germany a couple of years ago...and agree prices haven't done much. There is also the hassle of language factor also there are quite high taxes and agency fees. An easier option would be to look at Stock Exchange listed German Property Funds which seem a much easier way to get exposure to that market. German properties do offer decent yields though unlike our own market so you have probably got limited downside.

Does anyone think we may see short -term $ strength which will weaken the price of Gold. It looks like we may have seen the bottom of US rate cuts for at least a couple of months. It may be now the turn of the markets to pick on other currencies to weaken like the Euro /and GBP as they now play catch up with rate reductions . this I think may lead to a sharp short term $ bounce, Anyone agree ?

Of course the Fed want price of Gold supressed. 1, The higher Gold goes the more people lose faith in the paper currencies. 2, The Fed are actually responsible for the boom in Gold...all this extra liquidity they have provided has made more ammo to send the gold price rocketing !

Thats was such an obvious short-term trade...hope you had a go ! Even better news, the ECB and the B of E have basically said they will not be bullied into cutting rates. like the Fed. Looks like the $ is on it's own ...Up we go!!!

Watch Gold and Silver tomorrow...they will be flying.. Cheers Uncle Ben !...

What happens when they have no more interest rates left to cut !!

I think the Spanish property market is 'Long and Wrong'

Silver getting a bashing this evening...Sold some of my position at 16.60 yesterday and bgt back @ 16.20.. I always have a core long postion though. Will buy more on every 20 cent tick down. It ain't gonna go up in a straight line ,the volitility is there ,so trade it !!!

I made a comment on the way silver trades yesterday, about price manipulation on COMEX being 4 big players there. If possible check out the daily chart and see the way the price was smacked down about 4pm today. These guys are all net short and will try to panic out the weak longs in the market. Buy silver on the dips and trade round the position if possible. Easier to do this on Spread Betting. Good Luck

I've been in silver on spread betting for about 6 months ago and it is very volatile compared to Gold, treat it with respect. I originally got carried out when it collapsed a few months ago but have made up for it now. I keep a core long postion as I am a long term bull . I trade round the position i.e sell on runs and buy back on dips. It is not unusual for silver to be up 3% and then down 2% within an hour. The Silver on COMEX is mainly traded by only four main trading houses. these guys have been running net short postions for years , that is why they can let it run high for a few days and then smack it down to panic out the weak longs in the market. Hopefully these guys should get over run soon by sheer volume as more people begin to invest in silver.