'Bart' Posted May 25, 2010 Share Posted May 25, 2010 also how is it when anyone else starts a thread on precious metals it's gets moved pretty sharpish, but when king shoulda coulda woulda starts ones it stagnates in the main forum for days. A good question. The sorry truth is that RB has compromising pictures of the last "all mod" shindig. I won't bore you with the sordid details, suffice to say that peanut butter, Baby Doll nighties and copious amounts of alcohol were involved. Since that time, he's been the secret power behind the forum (who do you think really got the epic "Gold" thread moved?) (Oh RB, the cheques in the post, OK mate?) Quote Link to comment Share on other sites More sharing options...
azogar Posted May 25, 2010 Share Posted May 25, 2010 A good question. The sorry truth is that RB has compromising pictures of the last "all mod" shindig. I won't bore you with the sordid details, suffice to say that peanut butter, Baby Doll nighties and copious amounts of alcohol were involved. i thought as much, i hope you kept your cyberman outfit on at all times! Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted May 25, 2010 Share Posted May 25, 2010 keep the new gold is bad threads coming. they seem to work wonders. Quote Link to comment Share on other sites More sharing options...
'Bart' Posted May 25, 2010 Share Posted May 25, 2010 i thought as much, i hope you kept your cyberman outfit on at all times! As an all-over prophylactic, it can't be beat. Although I do have to suffer crude comments about the size of my chest unit. Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted May 25, 2010 Share Posted May 25, 2010 Hmm. I don't know if I can buy any of this arguement. When the big boys bet on gold, I would tend to follow. Billionaire Kaplan Bets Most of His Wealth on Gold "I've reached a point where I feel the only asset I have confidence in is gold," Kaplan says.Reflecting his conviction that global economic instability could bring rising demand for gold, Kaplan has gone further than perhaps any other major investor, betting the majority of his wealth on gold and other precious metals. "You've got a perfect storm with no apparent solution," he told The Wall Street Journal. "If the world does well, gold will be fine. If the world doesn't do well, gold will also do fine … but a lot of other things could collapse." I wonder, RB, what is with your one man revolution and single mindedness against gold? Are you right and the likes of Jim Rogers, or Kaplan wrong? Quote Link to comment Share on other sites More sharing options...
ccc Posted May 25, 2010 Share Posted May 25, 2010 Hmm. I don't know if I can buy any of this arguement. When the big boys bet on gold, I would tend to follow. Billionaire Kaplan Bets Most of His Wealth on Gold I wonder, RB, what is with your one man revolution and single mindedness against gold? Are you right and the likes of Jim Rogers, or Kaplan wrong? That is interesting. I imagine most Billionaires don't take fine as acceptable. Not sure what that is telling us though. Quote Link to comment Share on other sites More sharing options...
plummet expert Posted May 25, 2010 Share Posted May 25, 2010 http://uk.finance.yahoo.com/news/platinum-and-palladium-extend-slide-on-euro-as-equities-fall-reuters_molt-ca8a2b6c3129.html?x=0 Platinum and palladium extend slide on euro as equities fall Jan "Janis" Harvey, 16:30, Tuesday 25 May 2010 LONDON (Reuters) - Platinum and palladium fell in Europe on Tuesday, resuming last week's slide, as investors took fright at a further drop in the euro and equity markets, and industrial end-users held out for lower prices..../ The world's largest gold-backed exchange-traded fund, New York's SPDR Gold Trust, said its holdings rose more than 16 tonnes to a record 1,236.889 tonnes as of May 24 . 1,2 million tonnes eh. Must have been a lot of mining going on very recently. Quite a lot. Reflecting most of all the reality of the second leg to the monster recession/depression. Have metals all peaked? IMO, yes they have. Metals are the last speculative bubble still in tact apart from UK house prices. On industrial metals I agree. Get shorting metals like copper right away as they will fall substantially between now and Xmas. But the silver gold equation is sooooooooo different. There are clear signs of detachment from the direction of the stockmarket, which if correct signals a big upswing on the back of fear as the market crumbles. Quote Link to comment Share on other sites More sharing options...
sharpe Posted May 25, 2010 Share Posted May 25, 2010 On industrial metals I agree. Get shorting metals like copper right away as they will fall substantially between now and Xmas. But the silver gold equation is sooooooooo different. There are clear signs of detachment from the direction of the stockmarket, which if correct signals a big upswing on the back of fear as the market crumbles. I agree Gold now back above $1200 an ounce. Negative post from RB on gold - is a clear sign of a buy on the dip Quote Link to comment Share on other sites More sharing options...
scepticus Posted May 25, 2010 Share Posted May 25, 2010 I agree Gold now back above $1200 an ounce. Negative post from RB on gold - is a clear sign of a buy on the dip have you always been a goldbug or is this a recent development? Quote Link to comment Share on other sites More sharing options...
Errol Posted May 25, 2010 Share Posted May 25, 2010 Gold looked pretty strong to me today. Not sure which chart RB is looking at. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted May 25, 2010 Share Posted May 25, 2010 Gold looked pretty strong to me today. Not sure which chart RB is looking at. The commodities market is breaking down, the differential between gold and other commodities (including popular but also industrially significant rare® metals) is growing by the day. Quote Link to comment Share on other sites More sharing options...
1888 Posted May 25, 2010 Share Posted May 25, 2010 Have metals all peaked? IMO, yes they have. Hello coininvestdirect oh hello,I'd like to place an order please Quote Link to comment Share on other sites More sharing options...
Errol Posted May 25, 2010 Share Posted May 25, 2010 The commodities market is breaking down, the differential between gold and other commodities (including popular but also industrially significant rare® metals) is growing by the day. Probably because gold isn't a commodity. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted May 25, 2010 Share Posted May 25, 2010 Probably because gold isn't a commodity. Well for something that isn't a commodity it certainly behaves like one and trades on the same exchange....... http://www.chartsrus.com/chart.php?image=http://www.sharelynx.com/chartsfixed/CRBGoldOverlay.gif Quote Link to comment Share on other sites More sharing options...
Injin Posted May 25, 2010 Share Posted May 25, 2010 Probably because gold isn't a commodity. Only in the same way that religious icons aren't commodities to the religious. Quote Link to comment Share on other sites More sharing options...
Fishfinger Posted May 25, 2010 Share Posted May 25, 2010 Hello coininvestdirect oh hello,I'd like to place an order please Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted May 25, 2010 Share Posted May 25, 2010 Have metals all peaked? IMO, yes they have. Metals are the last speculative bubble still in tact apart from UK house prices. So you think there is no derivatives bubble? Anyway gold has risen 30 dollars in the last 3 days back above 1200/ounce , put that in your pipe and smoke it. Quote Link to comment Share on other sites More sharing options...
Tiger Woods? Posted May 26, 2010 Share Posted May 26, 2010 Aside from that somewhat suspect definition of fiat, what do you think will happen to the price of physical gold when people find out that it's scarcer than people thought? Apropos of absolutely nothing, a couple of days before the musical chairs squeeze, I had been contemplating buying VW shares. I'd never contemplated buying them before, and never have since. It was something about how they were behaving against the rest of the market. Funny how one has these intuitions, but discounts them as irrational at the time. The thing that has most impreseed me about gold recently is that it has so far held the 1187 level. It is now being viewed as money, and if a paper gold source comes up short at some stage in the future, there will be an almighty scramble. Quote Link to comment Share on other sites More sharing options...
'Bart' Posted May 26, 2010 Share Posted May 26, 2010 Gold now back above $1200 an ounce. Negative post from RB on gold - is a clear sign of a buy on the dip Up to $1212 now, up $55 on the month so far and rising against all major currencies. RB, over to you..... Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted May 26, 2010 Share Posted May 26, 2010 Quote Link to comment Share on other sites More sharing options...
EmpiricalBear Posted May 26, 2010 Share Posted May 26, 2010 The man on the street is not yet buying gold. When people are dumping their BTL's to get gold, then we will know its time to get out. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted May 26, 2010 Author Share Posted May 26, 2010 Up to $1212 now, up $55 on the month so far and rising against all major currencies. RB, over to you..... If you are feeling lucky this is a buying opportunity. With confidence running high today in the SMs and the catastrophes regarding the Euro, sovereign debt and banking crises, and war in Korea now a thing of the past we may see a buying spree for gold as a safe haven. Hang on................. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted May 26, 2010 Author Share Posted May 26, 2010 The man on the street is not yet buying gold. When people are dumping their BTL's to get gold, then we will know its time to get out. The man on the street must have bought several million tons of "gold" via ETFs in the past few months. My fear is that when they decide to panic, realising they are in a Ponzi trap. the whole market will be thinking "sell" whether ETFs, actual physical (as opposed to what may have been sold as rights to physical) etc. Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted May 26, 2010 Share Posted May 26, 2010 If you are feeling lucky this is a buying opportunity. With confidence running high today in the SMs and the catastrophes regarding the Euro, sovereign debt and banking crises, and war in Korea now a thing of the past we may see a buying spree for gold as a safe haven. Hang on................. My goodness Gordon must have been busy today. Quote Link to comment Share on other sites More sharing options...
1888 Posted May 26, 2010 Share Posted May 26, 2010 The man on the street must have bought several million tons of "gold" via ETFs in the past few months. My fear is that when they decide to panic, realising they are in a Ponzi trap. the whole market will be thinking "sell" whether ETFs, actual physical (as opposed to what may have been sold as rights to physical) etc. ETF's will be toilet paper and physical will attach the rocket boosters ETF's are oversold in relation to the true quantity of gold this has acted as a brake on the physical price imo Quote Link to comment Share on other sites More sharing options...
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