Buylowsellhigh Posted November 16, 2005 Share Posted November 16, 2005 Most would have expected Gold to sell off when the Dollar was strong. It hasnt happened. It has'nt happened yet. --- Quote Link to comment Share on other sites More sharing options...
FTBagain Posted November 16, 2005 Share Posted November 16, 2005 FT.com (in the news blog) are suggesting that the markets do not like the possibility of any further cuts in the UK interest rates, just as many on here have been suggesting for some weeks now. If the MPC hold at the next meeting, there could be another drop in the pound, especially if the Fed raises its rates. Quote Link to comment Share on other sites More sharing options...
libitina Posted November 17, 2005 Share Posted November 17, 2005 How's it doing today? Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted November 17, 2005 Share Posted November 17, 2005 How's it doing today? On its **** and struggling, expected some pullback after yesterday. http://quotes.ino.com/chart/?s=FOREX_GBPUSD Quote Link to comment Share on other sites More sharing options...
Mushroom Posted November 17, 2005 Share Posted November 17, 2005 'Bears Pound Sterling On Lower Growth' by Richard Lee, Currency Analyst - November 17th, 2005, Daily FX. http://www.dailyfx.com/index.php?option=co...keyword=article Something tells me that this is only just the beginning. The rest of the world are on to us. Our economy sucks and they're bailing out, big time! Freudian slip? "As leaders attempt". Is it suggested that Mr King and the MPC are therefore merely puppets? Quote Link to comment Share on other sites More sharing options...
Pheno Posted November 17, 2005 Share Posted November 17, 2005 5 Year chart: http://uk.finance.yahoo.com/q/bc?s=USDGBP=X&t=5y Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted November 17, 2005 Share Posted November 17, 2005 Well spotted, so much for the inflation target. As a result, with the number of individuals claiming unemployment rising above expectations of 12,100, sentiment is leaning towards a more than probable rate cut as policy leaders attempt to spark consumer demand. Quote Link to comment Share on other sites More sharing options...
Guest Riser Posted November 17, 2005 Share Posted November 17, 2005 (edited) How's it doing today? You can watch the demise of the pound and rise of gold here: BBC FOREX Edited November 17, 2005 by Riser Quote Link to comment Share on other sites More sharing options...
FTBagain Posted November 17, 2005 Share Posted November 17, 2005 It took a big hit yesterday at 14:00 and for a couple of minutes it looked as if the same would happen today. Someone on the US FOREX got it in for the pound? Quote Link to comment Share on other sites More sharing options...
libitina Posted November 17, 2005 Share Posted November 17, 2005 Thanks guys Quote Link to comment Share on other sites More sharing options...
Jason Posted November 17, 2005 Share Posted November 17, 2005 Gold £ spot price is up 5% since the end of last week ( £268 -> £282 oz). Let me just update that for you: Up 9.2% (£268 -> £292) Quote Link to comment Share on other sites More sharing options...
Dames Posted November 17, 2005 Share Posted November 17, 2005 Let me just update that for you: Up 9.2% (£268 -> £292) Damn , knew I should have chucked a couple of hundred on the GBS warrants. Dames Quote Link to comment Share on other sites More sharing options...
DEATH Posted November 17, 2005 Share Posted November 17, 2005 Gold hit a 18yr high. Platinum hit a 25yr high. The BBC website and news didn't mention it, they talked about Prince Charles giving up polo. Quote Link to comment Share on other sites More sharing options...
roblpm Posted November 17, 2005 Share Posted November 17, 2005 Can someone fill me in (though this is the sort of thing that could be on a wiki faq!!) The pound went down cos the BoE said inflation wasn't too bad and therefore wont necessarily put interest rates up. Therefore no-one wants pounds. So far so good, but doesn't a weak pound make imports more expensive and lead to more inflation?? as everything gets more expensive? Or is this not a big effect?? Quote Link to comment Share on other sites More sharing options...
Michael Posted November 17, 2005 Share Posted November 17, 2005 (edited) Gold is on its way to $500+. Silver to $8.25+ Correction... and then maybe MUCH higher in 2006 Dr Bubb ,I seem to remember you saying how you're heavily invested in precious metals and mining...ever since i've been on this forum i've wondered what is the best way to speculate on gold...... Do i buy the metal and if so how?....or do i buy shares in gold companies.....and if so in gold MINING companies........ Edited November 17, 2005 by Michael Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted November 17, 2005 Share Posted November 17, 2005 www.moneyweek.com has several articles on this. Quote Link to comment Share on other sites More sharing options...
homeless Posted November 18, 2005 Share Posted November 18, 2005 Started reading this thread and was gonna jump right in about the gold price.But time i got to the end it had been covered. For some reason the full extend of the rises hasint been figured into bullion prices in the public yet.Though some has. Soveriegns are selling around the 70-75 mark on average on ebay now for common date bullion coins, this is from about 60-65 a few months ago, so anyone with these have covered there buy/sell premiums and its profit all the way here on in. Bullion bars have reduced in premium and now are often available for spot, however even with losing the premium there still up in price. 1kg silver bars are floating around the 200 pounds mark, up from 180 a few months ago.intrinsic value being only 150 pounds but as anyone knows silver is subject to 17.5% vat and import costs, thus it retains a higher premium over spot than gold. tubes of silver eagles are selling now for near 180 pounds, there are 20x 1 ounce coins per tube.3 months ago these were going for 155 pounds. My regular supplier last week put up the price of all his PM'S, i cleared him out of sovereigns for 63 to 65 pounds, this week he wants 70 pounds as a min, infact will be 75 now im sure.I got some halfs too at 35 these are now around 38/40 for your common date bullion coins. Also i will mention most are not realy intrested in selling them just now, there are a lot more buyers around than sellers, this can only increase the price.In usa silver is like rocking horse shit in all coin dealer shops, they would sell you it if they had it but anything they get aint even hitting the cabinets its already put aside for there favourite customers. Personal opinion PM'S have further to go before much corrections, it already has just pulled back sharply from a correction that lost steam fast.So its gonna increase some more before any correction prob hit 500 usd ounce then wobble a bit then it will sharply jump up them.By this time especially at 500 many more are gonna take notice of gold and the intrest will magnify, so i wouldnt wait for a correction to buy i would buy now. Silver i think could be the bargain of the decade at this price, it is gaining price stronger than gold, it has just dropped below the 60x ratio to gold price, this is seen as a strong break out and i suspect the ratio will continue to drop down to the historical 30x ratio. Quote Link to comment Share on other sites More sharing options...
Michael Posted November 18, 2005 Share Posted November 18, 2005 I have never had more than 1% of my assets in Gold or Silver. But I have often had more than 80% in mining shares. The returns that I have been making blow away anything you will see from any Fund offered by the spivs in the City. But you have to break the rules, and also enjoy quite alot of luck to get them Re-your mining shares, Dr Bubb.............. Although these can be volatile, many mining companies especially those who mine precious metals ''hedge'' their future production..........meaning large falls or increases in the market price of the product aren't reflected in the companies' profits and shareprices..... So in a rising maket your gold mining shares may not rise as much as the price of gold........ and at the moment i'd rather hold the asset itself............. Quote Link to comment Share on other sites More sharing options...
debtfree Posted November 18, 2005 Share Posted November 18, 2005 Re-your mining shares, Dr Bubb.............. Although these can be volatile, many mining companies especially those who mine precious metals ''hedge'' their future production..........meaning large falls or increases in the market price of the product aren't reflected in the companies' profits and shareprices..... So in a rising maket your gold mining shares may not rise as much as the price of gold........ and at the moment i'd rather hold the asset itself............. i agree. the reason to hold gold and for its rise is due to a lack of trust in currency and paper assets. why hold paper shares for something that is being mined when you can hold it in your hand. it is a much safer bet. 100k of bullion is better than a 100k of shares that could at any moment could be worth just the paper they are wrote on. dr bubb has obviously done very well in his shares and made excellent profits, but with that comes time and research in picking the right choices. for those who just want too feel safe and hold an asset that will go up in value and protect them, then bullion IMO is a wiser choice. Quote Link to comment Share on other sites More sharing options...
goldmercury Posted November 18, 2005 Share Posted November 18, 2005 where can you buy bullion? Also I heard that platinum will be in more demand due to new technologies emerging, same is true for gold. Quote Link to comment Share on other sites More sharing options...
pdg Posted November 18, 2005 Share Posted November 18, 2005 Nearing 1.70 as we speak. Quote Link to comment Share on other sites More sharing options...
FTBagain Posted November 18, 2005 Share Posted November 18, 2005 Nearing 1.70 as we speak. I would not be surprised to see a 1c drop today. I have noticed the last couple of days the pound has drop suddenly at 14:00, when to US markets open. It will be interesting to see if it happens again today. If it does then down 1c is not an unrealistic expectation. Quote Link to comment Share on other sites More sharing options...
debtfree Posted November 18, 2005 Share Posted November 18, 2005 (edited) where can you buy bullion? Also I heard that platinum will be in more demand due to new technologies emerging, same is true for gold. www.goldline.co.uk you can buy silver bullion as well without taking delivery, which means you dont pay the VAT. minimum investment 5k. Edited November 18, 2005 by debtfree Quote Link to comment Share on other sites More sharing options...
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