azazel Posted February 25, 2008 Share Posted February 25, 2008 Not necessarily. It always depends on the specific situation and what really happens/who acts.NO. There is a historic time series for gold in USD, GBP and EUR. Look e.g. here: http://www.lbma.org.uk/statistics_historic.htm From these prices in the different currencies, you are then able to recalculate the historic exchange rates on these days. Hmmm maybe it wasn't such a dopey question then. At the moment we are in record territory for gold in USD + 950 but still a little lower than last weeks GBP level. Is there likely to be an event that could significantly increase the price of gold in GBP even if the price has not moved much in USD? Quote Link to comment Share on other sites More sharing options...
Wizofoz Posted February 25, 2008 Share Posted February 25, 2008 1000 is here to stay. Quote Link to comment Share on other sites More sharing options...
Wizofoz Posted February 25, 2008 Share Posted February 25, 2008 I have another nice chart: Quote Link to comment Share on other sites More sharing options...
R K Posted February 25, 2008 Share Posted February 25, 2008 I have another nice chart: Do you suffer from multiple personality disorder by any chance? By the way, you missed off the increased incline support line Q1 '06 Quote Link to comment Share on other sites More sharing options...
whoami Posted February 25, 2008 Share Posted February 25, 2008 Commodities priced in Euros (chart in this article), bit of a must see, you will be surprised.http://jessescrossroadscafe.blogspot.com/2...ommodities.html Thanks for posting that. Throws an new interesting new light on my current dabble in beans and grains. Quote Link to comment Share on other sites More sharing options...
Wizofoz Posted February 25, 2008 Share Posted February 25, 2008 Do you suffer from multiple personality disorder by any chance? Have a nice day you too.. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted February 25, 2008 Share Posted February 25, 2008 Hmmm maybe it wasn't such a dopey question then. At the moment we are in record territory for gold in USD + 950 but still a little lower than last weeks GBP level. Is there likely to be an event that could significantly increase the price of gold in GBP even if the price has not moved much in USD? Yes. A George Soros style attack on the pound where it plunges 20% (e.g. against the Dollar) on a single day. In case gold stayed constant in Dollars, gold in Sterling would rise by 25% (100% / 80% = 125%). Quote Link to comment Share on other sites More sharing options...
Gel Posted February 25, 2008 Share Posted February 25, 2008 I have another nice chart: Hey, looks very similar to the chart on the front page....and we know which way that's heading....not saying this one will but hey....worth noting. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted February 25, 2008 Share Posted February 25, 2008 Hey, looks very similar to the chart on the front page....and we know which way that's heading....not saying this one will but hey....worth noting. That's only because you don't look far enough into the past. Quote Link to comment Share on other sites More sharing options...
narco Posted February 25, 2008 Share Posted February 25, 2008 (edited) Major surge incoming? Edited February 25, 2008 by narco Quote Link to comment Share on other sites More sharing options...
Guest_chris c-t_* Posted February 25, 2008 Share Posted February 25, 2008 Nice Smackdon now! Might be last chance to buy (I know I'm going to try to get in here..) Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted February 25, 2008 Share Posted February 25, 2008 (edited) CARTEL ALERT! NY market is open now. :lol: EDIT: Pretty brutal/sudden. Don't you love them? Who, otherwise, would make gold so cheap? Edited February 25, 2008 by Goldfinger Quote Link to comment Share on other sites More sharing options...
R K Posted February 25, 2008 Share Posted February 25, 2008 Nice Smackdon now!Might be last chance to buy (I know I'm going to try to get in here..) The Empire Strikes back....impressive stuff. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted February 25, 2008 Share Posted February 25, 2008 The Empire Strikes back....impressive stuff. Repeat after me: "There is no manipulation in the gold market. There is no..." Quote Link to comment Share on other sites More sharing options...
R K Posted February 25, 2008 Share Posted February 25, 2008 Repeat after me: "There is no manipulation in the gold market. There is no..." You can fight them or roll with them..... Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted February 25, 2008 Share Posted February 25, 2008 (edited) You can fight them or roll with them..... So, you had insider information and shorted just before it happened? Edited February 25, 2008 by Goldfinger Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted February 25, 2008 Share Posted February 25, 2008 (edited) http://www.bloomberg.com/apps/news?pid=206...&refer=home Feb. 25 (Bloomberg) -- The U.S. Treasury supports allowing the International Monetary Fund to sell some of its $98 billion in gold reserves to help cover a revenue shortfall, the department's top international official said.``We have a very credible plan for cost reduction that's in the process of being implemented'' at the IMF, David McCormick, Treasury's undersecretary for international affairs, told reporters in Washington. ``For that reason, Treasury supports limited gold sales.'' Maybe this is an appropriate event to mark the end of Western financial dominance. Well done, IMF & USA! You sold all our gold to the East. Edited February 25, 2008 by Goldfinger Quote Link to comment Share on other sites More sharing options...
narco Posted February 25, 2008 Share Posted February 25, 2008 Repeat after me: "There is no manipulation in the gold market. There is no..." I guess we know where all that leased gold went. Quote Link to comment Share on other sites More sharing options...
R K Posted February 25, 2008 Share Posted February 25, 2008 (edited) So, you had insider information and shorted just before it happened? Of course I don't have insider information. It is following the Euro which was a sell under 1.4880, and crude which is well down too. Once it turned down from 952 this morning is was a short-term sell for me, although I think this is temporary above 932. We'll see. Edited February 25, 2008 by Red Kharma Quote Link to comment Share on other sites More sharing options...
azazel Posted February 25, 2008 Share Posted February 25, 2008 Just looks like another dip that will bottom out at £15,000kg around midweek before it goes back up to about £15,800 by beginning of next week. Perhaps I should have shorted my BV gold ready to buy physical to cover costs, but chances are when I do there will be a sustained up-leg that will leave me behind. Sods law.. Are you happy to have your gold in BV when the exit for it is through the banking system that might go tits up? Quote Link to comment Share on other sites More sharing options...
libspero Posted February 25, 2008 Share Posted February 25, 2008 Not sure about Cartels.. but has this been discussed yet? http://www.hemscott.com/news/latest-news/i...=60917668739034 IMF sell off (taken from the front page) Quote Link to comment Share on other sites More sharing options...
Guest_chris c-t_* Posted February 25, 2008 Share Posted February 25, 2008 Are you happy to have your gold in BV when the exit for it is through the banking system that might go tits up? True, it's a risk , but BV do say that they can refund another a/c if the funding a/c goes TU. Quote Link to comment Share on other sites More sharing options...
newbie Posted February 25, 2008 Share Posted February 25, 2008 Interesting artcile in the Times by William Rees-Mogg William Rees-Mogg has had a distinguished career with The Times and The Sunday Times. He was Deputy Editor of The Sunday Times before becoming Editor of The Times in 1967, a position he held until 1981. He was made a life peer in 1988. Since 1992 he has been a columnist for The Times, writing on a variety of issues. He has also been chairman of the Broadcast Standards Council and British Arts Council. He posts regularly on the website HousePriceCrash.co.uk under the sobriquet "Goldfinger". Quote Link to comment Share on other sites More sharing options...
libspero Posted February 25, 2008 Share Posted February 25, 2008 Interesting artcile in the Timesby William Rees-Mogg Poor GF has been "out'ed" a bit rude Quote Link to comment Share on other sites More sharing options...
Layman Posted February 25, 2008 Share Posted February 25, 2008 Interesting artcile in the Timesby William Rees-Mogg I like the comment by "R. Istbear, Stratford on Avon," ... hmmm, I wonder who that is. Ya know, the funny thing is, all the comments that disagree with Lord Rees-Mogg seem to follow the bizarre argument of "Gold hasn't really gone up much since 1980 so it's a bad investment. I'm not going near it". Such arguments follow the exact same (flawed) logic as those who say "House prices have gone up for 10 years so they won't fall". I mean, come on - HOW FRICKIN' STUPID CAN YOU GET?!! ... I don't drive my car and say "Oh, I've driven 300 miles without filling up the tank so it'll never run out, I'll keep on going". I just can't comprehend it. Really. Honestly. I just don't understand the logic of these people! Quote Link to comment Share on other sites More sharing options...
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