Wol Posted February 4, 2008 Share Posted February 4, 2008 Good Cartel-smackdown action at the moment. Take your money from your RBS account and buy gold for cheap now. It's not the Cartel, you fool. It's naughty pixies. Quote Link to comment Share on other sites More sharing options...
DisplayNameChanged Posted February 4, 2008 Share Posted February 4, 2008 Good Cartel-smackdown action at the moment. Take your money from your RBS account and buy gold for cheap now. Or sell some of your gold and buy some RBS shares. If they keep the dividend payment going, you will be earning 8%+ on your money. As I write they are 407.5p up 4.8% on the day. Quote Link to comment Share on other sites More sharing options...
Wol Posted February 4, 2008 Share Posted February 4, 2008 Or sell some of your gold and buy some RBS shares.If they keep the dividend payment going, you will be earning 8%+ on your money. As I write they are 407.5p up 4.8% on the day. Some of us unloaded at +6%. Quote Link to comment Share on other sites More sharing options...
azazel Posted February 4, 2008 Share Posted February 4, 2008 The price seems to slowly march upwards in spiky steps but slides down on sharp drops. That’s my analysis for what its worth. I don’t rate the naughty pixies analysis much. Quote Link to comment Share on other sites More sharing options...
thefinalbear Posted February 4, 2008 Share Posted February 4, 2008 Rock and roll. I hope this continues. I love Gold smackdowns. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted February 4, 2008 Share Posted February 4, 2008 Its lagging behind the house price curve, but has risen nearly four fold over ten years so will have to correct sometime Yes. But before that we will see the average house price below 100oz of gold, and possibly even below 80oz. It's not the Cartel, you fool.It's naughty pixies. So you could escape them because they were busy? Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted February 4, 2008 Share Posted February 4, 2008 (edited) Beautifully painted. Edit: They had to, after GATA's ad in the WSJ. Edited February 4, 2008 by Goldfinger Quote Link to comment Share on other sites More sharing options...
stonethecrows Posted February 4, 2008 Share Posted February 4, 2008 So you could escape them because they were busy? GF I take it you have heard old english proverb that says 'those in glass houses should not throw stones'? Purely out of interest you understand, how many times HAVE you had to change your smalls since friday btw? Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted February 4, 2008 Share Posted February 4, 2008 ...Purely out of interest you understand, how many times HAVE you had to change your smalls since friday btw? I hope once a day is OK. Twice on days I do sports. BTW, this does not scare me. What scared me today is RBS, because I had to leave money in an account with them because I kind of expected what gold is doing at the moment. I hope they hold out at least as long as this gold correction lasts. But then, what do I know. Possibly better to buy asap. Quote Link to comment Share on other sites More sharing options...
azazel Posted February 4, 2008 Share Posted February 4, 2008 Can someone explain, how can gold reach $1500 or $2000 or evan $5000 an ounce if the "cartel" has the power to force the price down if they so wish? Are we not at their mercy? Quote Link to comment Share on other sites More sharing options...
narco Posted February 4, 2008 Share Posted February 4, 2008 Are we not at their mercy? Not when they run out of gold. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted February 4, 2008 Share Posted February 4, 2008 (edited) Can someone explain, how can gold reach $1500 or $2000 or evan $5000 an ounce if the "cartel" has the power to force the price down if they so wish? Are we not at their mercy? No, because they have used up almost all their powder. They can keep the market suppressed with paper, but not forever since some demand physical (other central banks, investors). They are not entirely stupid, so they won't burn it all. They know that in the end paper buys nothing, and gold is everything. At some stage, they will actually panic and buy it back. That's when Gold will shoot beyond Pluto. Edited February 4, 2008 by Goldfinger Quote Link to comment Share on other sites More sharing options...
Compounded Posted February 4, 2008 Share Posted February 4, 2008 Can someone explain, how can gold reach $1500 or $2000 or evan $5000 an ounce if the "cartel" has the power to force the price down if they so wish? Are we not at their mercy? It has happened before Google "London Gold Pool" Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted February 4, 2008 Share Posted February 4, 2008 Talking of gold: shooting up somewhat. Quote Link to comment Share on other sites More sharing options...
Layman Posted February 4, 2008 Share Posted February 4, 2008 Talking of gold: shooting up somewhat. I think it's called a "Smack-Up" (and I'm sure I can see an inverted head and shoulders in there somewhere....) Quote Link to comment Share on other sites More sharing options...
azazel Posted February 4, 2008 Share Posted February 4, 2008 Don't they have enough gold to play that game untill the recesion is passed and the price of gold would naturally be falling due to high interest rates? If they dont have that much gold then who has got it and could they not then control the price? Quote Link to comment Share on other sites More sharing options...
Errol Posted February 4, 2008 Share Posted February 4, 2008 Back above $900 I see. I'm still hoping to see it closer to $800. Quote Link to comment Share on other sites More sharing options...
theoutsider Posted February 4, 2008 Share Posted February 4, 2008 Don't they have enough gold to play that game untill the recesion is passed and the price of gold would naturally be falling due to high interest rates? If they dont have that much gold then who has got it and could they not then control the price? When exactly do you expect the recession/great depression to pass? Quote Link to comment Share on other sites More sharing options...
Methinkshe Posted February 4, 2008 Share Posted February 4, 2008 I think it's called a "Smack-Up"(and I'm sure I can see an inverted head and shoulders in there somewhere....) I haven't a clue about technical analysis and charts and head and shoulders (isn't that a shampoo for dandruff?) and such high falutin' stuff, but I'm pretty damn sure that gold will not drop back below $850. Call it what you will, a hunch, accumulated understanding/wisdom because I'm getting old and have been studying human nature and amusing myself with studying finance and economics for years, or whatever. Imo, if you get an opportunity to buy anywhere near $850 you'll be quids in within 6 - 8 months. The deflation/inflation argument is, and will continue to be, irrelevant to the price of gold. The inflation/deflation argument may have relevance in minor cyclical upturns and downturns but that's not what we are facing now. This is the big one....something the world has never seen before. Gold will continue to be the ultimate safe-haven as it has been from the dawn of history. It's all about psychology, human nature, not charts and technicalities. Quote Link to comment Share on other sites More sharing options...
Frizzers Posted February 4, 2008 Share Posted February 4, 2008 Just my 2p Quote Link to comment Share on other sites More sharing options...
Methinkshe Posted February 4, 2008 Share Posted February 4, 2008 Just my 2p Looks like a very interesting chart but I have yet to find a way to read it, and similar charts. Even my best bi-focals don't let me see what is written and I don't know how to instruct my computer to help my failing eyesight. Would it be too much of an imposition to ask you to give me a quick analysis of what the chart is saying? I'd be ever so grateful Quote Link to comment Share on other sites More sharing options...
R K Posted February 4, 2008 Share Posted February 4, 2008 (edited) Just my 2p Concurs with my thinking. Although there is also support around 887. I am hoping for a quick dip back into the 860 area before serious buying kicks back in. If it breaks back over 920ish then I doubt it will drop that far near-term. Edit: Rambling Edited February 4, 2008 by Red Kharma Quote Link to comment Share on other sites More sharing options...
Impartial Posted February 4, 2008 Share Posted February 4, 2008 Just my 2p nice chart. any chance you could add fib retractments to it? I go the track backed up and ready to pounce anywhere near 850 in small chunks at a time. Quote Link to comment Share on other sites More sharing options...
uro_who Posted February 4, 2008 Share Posted February 4, 2008 I haven't a clue about technical analysis and charts and head and shoulders (isn't that a shampoo for dandruff?) and such high falutin' stuff, but I'm pretty damn sure that gold will not drop back below $850. Call it what you will, a hunch, accumulated understanding/wisdom because I'm getting old and have been studying human nature and amusing myself with studying finance and economics for years, or whatever. Imo, if you get an opportunity to buy anywhere near $850 you'll be quids in within 6 - 8 months. The deflation/inflation argument is, and will continue to be, irrelevant to the price of gold. The inflation/deflation argument may have relevance in minor cyclical upturns and downturns but that's not what we are facing now. This is the big one....something the world has never seen before. Gold will continue to be the ultimate safe-haven as it has been from the dawn of history. It's all about psychology, human nature, not charts and technicalities. I agree entirely. Learning technical analysis is about reading that very psychology and human nature in some otherwise tedious numbers and candlestick shapes. To be a black belt at TA you need to understand the emotions of those trading the market. Only when you can do that do you have any chance of predicting the next movement grasshopper. Now we'll see how old you really are. Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted February 4, 2008 Share Posted February 4, 2008 Bubble Bubble Toil and trouble! What the next bubble will be ->>>>> Tech stocks > Housing > ???? David Morgan reveals all [gives it away really!] http://howestreet.com/audiovideo/index.php...mediaplayer/263 Quote Link to comment Share on other sites More sharing options...
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