G0ldfinger Posted May 30, 2008 Author Report Share Posted May 30, 2008 Nice to see they don't really believe their own ratings. http://www.bloomberg.com/apps/news?pid=206...&refer=home Moody's Implied Ratings Lab Reveals Ambac, MBIA Turning to Junk Link to comment Share on other sites More sharing options...
Justin Thyme Posted May 30, 2008 Report Share Posted May 30, 2008 He said the low of the current correction would be in by the first week of May. So long as this doesn't go below $850 he will be right. Gold did some serious messing around between 1970 and 1980, worse than we have seen this time. I know that history may not repeat itself but its the best we have to go on. I've only been following gold since it got to about $800. How accurate have Jims views been before that? I can't really say as I only got into gold in October last year and that was on MoneyWeek's say so . . . and there I was considering cancelling the £59 subscription before the trial was up Link to comment Share on other sites More sharing options...
azazel Posted May 30, 2008 Report Share Posted May 30, 2008 If I knew when the price was going to fall and then go back up I could make allot of money. Perhaps this is why the manipulators do their manipulating. Gold going up nicely now. Wonder what will happen when the Yanks have finished their coffees...... Link to comment Share on other sites More sharing options...
alexreeve Posted May 30, 2008 Report Share Posted May 30, 2008 He said the low of the current correction would be in by the first week of May. So long as this doesn't go below $850 he will be right. Gold did some serious messing around between 1970 and 1980, worse than we have seen this time. I know that history may not repeat itself but its the best we have to go on. I've only been following gold since it got to about $800. How accurate have Jims views been before that? Goldfinger? You been into gold since $35? Absolutely right. Wasn't there something about $5 note becoming worthless 15th June, not far away now? James Turk has also been talking about the dollar collapse being imminent. Link to comment Share on other sites More sharing options...
drbubb Posted May 30, 2008 Report Share Posted May 30, 2008 Gold Investment & Trading - #4 : June 2008, Will Gold find another bottom at $850 per ounce? A great chart to kick off the new month Link to comment Share on other sites More sharing options...
drbubb Posted May 30, 2008 Report Share Posted May 30, 2008 NEW JUNE THREAD: http://www.greenenergyinvestors.com/index.php?showtopic=3246 ...is now up and available Link to comment Share on other sites More sharing options...
azazel Posted May 30, 2008 Report Share Posted May 30, 2008 I received an answer from coininvestdirect.com regarding the question asked as to why they do not sell silver britannias. quote >>>......Nice to hear from you again. Regarding the silver Britannias we usually have no demand for them so that we do not list them. Should you be looking for them we can try to organise some of course......<<< end quote Nice to know that you can make specific requests for items not listed. They must have higher demand for 100kg maples than 1 ounce silver britannias! Looks like golds on its way back up now $887 Link to comment Share on other sites More sharing options...
ConvertedGoldBug Posted May 30, 2008 Report Share Posted May 30, 2008 I received an answer from coininvestdirect.com regarding the question asked as to why they do not sell silver britannias. >>>......Nice to hear from you again. Regarding the silver Britannias we usually have no demand for them so that we do not list them. Should you be looking for them we can try to organise some of course......<<< Nice to know that you can make specific requests for items not listed. They must have higher demand for 100kg maples than 1 ounce silver britannias! That's a shame, and surprising... it would be nice to be able to have a "stack" of some of these! As it is, they're too expensive other than to get individual years as one-offs, just as part of a collection. Link to comment Share on other sites More sharing options...
azazel Posted May 30, 2008 Report Share Posted May 30, 2008 That's a shame, and surprising... it would be nice to be able to have a "stack" of some of these! As it is, they're too expensive other than to get individual years as one-offs, just as part of a collection. I will ask her to give me a price for 50. Link to comment Share on other sites More sharing options...
ConvertedGoldBug Posted May 30, 2008 Report Share Posted May 30, 2008 I will ask her to give me a price for 50. That would be useful... maybe also for perhaps half that quantity? Individually, they tend to be around £15 - £16 each, so definitely not worth it unless they're the same price as Maples or Eagles Link to comment Share on other sites More sharing options...
azazel Posted May 30, 2008 Report Share Posted May 30, 2008 That would be useful... maybe also for perhaps half that quantity? Individually, they tend to be around £15 - £16 each, so definitely not worth it unless they're the same price as Maples or Eagles Yes I agree. I guess its a British coin and carries a rip of Britain premium. I only have about four of them for that reason. Pandas seem to sell at the best premium above cost price on ebay IMO. Link to comment Share on other sites More sharing options...
Errol Posted May 30, 2008 Report Share Posted May 30, 2008 Not sure if you guys all use this site already, but it's my main resource for gold/silver/economy related news and aricles: 321gold.com Link to comment Share on other sites More sharing options...
Steve Netwriter Posted May 30, 2008 Report Share Posted May 30, 2008 The end of the previous gold thread is here: http://www.greenenergyinvestors.com/index....ost&p=40278 Well it's nice to wake up and find it didn't go down, but instead went back up Link to comment Share on other sites More sharing options...
azazel Posted May 30, 2008 Report Share Posted May 30, 2008 The end of the previous gold thread is here: http://www.greenenergyinvestors.com/index....ost&p=40278 Well it's nice to wake up and find it didn't go down, but instead went back up Yes, it is. Lets hope things carry on that way next week. Link to comment Share on other sites More sharing options...
G0ldfinger Posted May 30, 2008 Author Report Share Posted May 30, 2008 Absolutely right. Wasn't there something about $5 note becoming worthless 15th June, not far away now? James Turk has also been talking about the dollar collapse being imminent. Come on guys. Even Jim Sinclair is allowed to make a sarcastic joke every now and then. Link to comment Share on other sites More sharing options...
wren Posted May 31, 2008 Report Share Posted May 31, 2008 At a petrol station in Oregon, 29 May 2008. Link to comment Share on other sites More sharing options...
qwerty Posted May 31, 2008 Report Share Posted May 31, 2008 Come on guys. Even Jim Sinclair is allowed to make a sarcastic joke every now and then. Or Dr.Marc Faber on the $Million Dollar Bill and wealth transfer http://video.google.com/videoplay?docid=4388519480932709010 Link to comment Share on other sites More sharing options...
drbubb Posted May 31, 2008 Report Share Posted May 31, 2008 "James Turk has also been talking about the dollar collapse being imminent.' He could be right. With gold tailing off a bit, and the dollar having a few days of rally, I do think there's a decent chance that we are near to the END of the DOLLAR RALLY, not at the beginning Link to comment Share on other sites More sharing options...
azazel Posted May 31, 2008 Report Share Posted May 31, 2008 Please can some one explain to me what stops and trailing stops are, shorts and any other related terms in trading gold. Thanks eg 1. Short at 889 2. Stops > 900 3. Target 864 Link to comment Share on other sites More sharing options...
Errol Posted May 31, 2008 Report Share Posted May 31, 2008 Please can some one explain to me what stops and trailing stops are, shorts and any other related terms in trading gold. Thanks Those terms are used in any trading not just gold trading. A stop is the level you place an automatic sell command at. This means you can avoid unecessary losses when a trade moves against you. A short is simply a bet that the price of gold or anything else will go down (eg. I would be short gold or short HSBC shares). Link to comment Share on other sites More sharing options...
azazel Posted May 31, 2008 Report Share Posted May 31, 2008 At a petrol station in Oregon, 29 May 2008. Blimey. I never thought Id see "Klopper humps for turnips" at a petrol station. Well spotted Wren! Link to comment Share on other sites More sharing options...
G0ldfinger Posted May 31, 2008 Author Report Share Posted May 31, 2008 Alright. Saudi nobility has decided that they want to go down with the US. Al-Assaf, Paulson Agree on Saudis Keeping Dollar Peg (Update3) By John Brinsley May 31 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson and Saudi Arabian Finance Minister Ibrahim Al-Assaf agreed that the Gulf kingdom benefits from keeping its currency pegged to the dollar. The riyal's peg ``has served this country and the region well,'' Paulson said today at a joint press conference in Jeddah. ``I totally agree with Secretary Paulson,'' al-Assaf said. ``As we have said many times, we have no intention of de- pegging or of revaluation.'' http://www.bloomberg.com/apps/news?pid=206...&refer=home Link to comment Share on other sites More sharing options...
wren Posted May 31, 2008 Report Share Posted May 31, 2008 Blimey. I never thought Id see "Klopper humps for turnips" at a petrol station. Well spotted Wren! <bigblush> My Dutch is wanting. Would you explain the joke? Link to comment Share on other sites More sharing options...
G0ldfinger Posted May 31, 2008 Author Report Share Posted May 31, 2008 http://gold.approximity.com/gold_analysis.html Are we only weeks away from a price explosion in silver? (May 31, 2008) The gold:silver ratio has formed a somewhat suspicious coiling pattern over the last few months. Considering a longer term chart that shows the ratio since 1985, the pattern that has formed over the last few years looks astonishingly similar to a pattern that developed from 1994 to 1998, which lead to a downward explosion of the gold:silver ratio to below 40:1 and a price of silver of higher than USD 7.75 in early 1998. A closer examination of the chart pattern back in the 1990s shows that gold:silver first entered a counter movement (upwards) to the main trend (downwards) -- (1). After briefly touching the upper boundary of the main downward channel, the ratio made a first attempt to new lows -- (2). After this move had been stopped and the ratio had bounced back, it went in to a coiling pattern -- (3). It stayed approximately constant over several weeks (70:1 to 73:1), before quickly touching the upper channel boundaries again and then turning downwards in a major explosion to below 40:1 -- (4). (Please read on below.) A look at the chart above reveals that we are in the midst of a development of the gold:silver ratio that could play out similarly to those events in the second half of the 1990s. Gold:silver had a counter-trend movement starting 2006 -- (1), bounced back from the upper channel boundary, attempted first lows in early March 2008 -- (2), and is now in a coiling pattern. So, what next? Reappearance of weakness in the US Dollar combined with the Indian wedding season could first send gold back through $1,000. If silver lagged behind this movement, the gold:silver ratio could test the upper channel boundary, before the shorts would finally have to give in to physical buying pressure in silver. Interesting times ahead? Stay tuned. Link to comment Share on other sites More sharing options...
wren Posted May 31, 2008 Report Share Posted May 31, 2008 Good job, we're up and again running pretty quick. Thanks DrBubb! Link to comment Share on other sites More sharing options...
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