marmite Posted April 3, 2009 Report Share Posted April 3, 2009 Wow, look at the 1 year chart for Gold in US $ A year ago we was at 900 and today we are at the same, just think of how much has happened in the past year and the market has stayed flat ( all be it with a few up and downs inbetween ) Whats does it mean ?????? I have no idea Its just my observation. Look at in £ and thats a different story alltogether Link to comment Share on other sites More sharing options...
marceau Posted April 3, 2009 Report Share Posted April 3, 2009 Something tells me we may be about to see a big drop in gold measured in Turdling, the charts look set for it and the (delusional) newsflow seems to be pointing in that direction. I have been (incorrectly, so far) bearish on gold all year, the rally simply hasn't convinced me, but I'm keeping an open mind. IMF sales news may be a total red herring in real terms, but it does have the power to move markets. I think there could be a bumper gold buying opportunity coming up over the summer, maybe the last true buying period before we move into the mania phase and prices move too fast to make sensible purchases. This could be the last time governments appear to be in control of the system. They may have bought themselves a few more months of confidence, but if they fail this time it really will be game over. The sad truth is that they WILL fail and when they do I definately want a piece of the action, so I'm still building cash and still waiting. Western governments are leaving themselves far too exposed through their actions, someone is bound to take advantage eventually. I don't care who it is, so long as I can hang onto their coat tails. What a patriot I am, eh? Link to comment Share on other sites More sharing options...
romans holiday Posted April 3, 2009 Report Share Posted April 3, 2009 Anyone considering swapping a little gold for silver? Link to comment Share on other sites More sharing options...
Pixel8r Posted April 3, 2009 Report Share Posted April 3, 2009 What's "mysterious" about that? Do some people really think that Deutsche Bank was punting such huge amounts of gold for its own account? Of course, they had someone on the other side. Now we know who it was : someone who kept their gold with the ECB, and maybe the ECB itself OF MORE INTEREST to me is... What will the Buyer do with all that Gold? Hold it in preparation for the onslaught of inflation. What is the holder of large amounts of fiat to do, when QE is in effect and about to ramp up. It is better to hold Gold than fiat is it not, when they are creating much more fiat? I now this is a very simple outlook, but it can't be denied in the long run. I fear that most people here have done their buying already A lot of people on here bought over a year ago and have exchanged pounds for gold. They did very well last +44%, so why change back now. Not everyone is concentrating on the daily swings more the big picture. I myself sold a house and put the money into PM's around 1 1/2 years ago and moved into rented. I looked at it as a long term plan, three years or more. During that time I expected houses to go down a lot and gold/silver to rise a lot. So far things are very much going to plan, so why change it because of the daily swings. You maybe able to convince me to change my mind in about another couple of years. Link to comment Share on other sites More sharing options...
marceau Posted April 3, 2009 Report Share Posted April 3, 2009 Good grief, I just spent a while browsing today's papers. There's rabid 'green shoots' news all over them, everything from house prices to a Chinese recovery. Looks like reality is about to take a longer holiday than I'd first envisaged - and that won't be good for gold. The Daily Reckoning has this one nailed - the crash will be a long, slow and painful re-education and will keep going until no-one who believes in the bullsh*t has any money or hope left. Thank god it's the weekend - I need a beer. Link to comment Share on other sites More sharing options...
Pixel8r Posted April 3, 2009 Report Share Posted April 3, 2009 Anyone considering swapping a little gold for silver? Done that already around 4 months ago, LOL. Link to comment Share on other sites More sharing options...
FWIW Posted April 3, 2009 Report Share Posted April 3, 2009 Hold it in preparation for the onslaught of inflation. What is the holder of large amounts of fiat to do, when QE is in effect and about to ramp up. It is better to hold Gold than fiat is it not, when they are creating much more fiat? I now this is a very simple outlook, but it can't be denied in the long run. A lot of people on here bought over a year ago and have exchanged pounds for gold. They did very well last +44%, so why change back now. Not everyone is concentrating on the daily swings more the big picture. I myself sold a house and put the money into PM's around 1 1/2 years ago and moved into rented. I looked at it as a long term plan, three years or more. During that time I expected houses to go down a lot and gold/silver to rise a lot. So far things are very much going to plan, so why change it because of the daily swings. You maybe able to convince me to change my mind in about another couple of years. Well said Pixel8r. Time and history are on our side. The 'fiat' money masters will be shitting themseves...Some of their kin may already be buying physical gold as we speak! Link to comment Share on other sites More sharing options...
wren Posted April 3, 2009 Report Share Posted April 3, 2009 Anyone buying now or is the anticipated dip likely to go low enough to hold on for a while? I thought it might have dipped further on recent developments but it has been quite resilient. I'm buying small installments as the price goes down, not averaging over time, but buying preset amounts at preset prices to take advantage of any forthcoming further correction. I'm buying with euros and under the current plan can still be buying below €600 (it's €662 at the moment). So I am hoping that it will continue correcting below €600 but I'm not so confident that we'll get down that far. I'm hoping for and to some extent expecting a further decent correction between now and the summer and plan to take advantage of it. I'm much less clear about my plan for silver purchases. Should I average in? and if so over what time-scale? Or should I wait for price targets as I'm doing with gold? I still haven't decided. Link to comment Share on other sites More sharing options...
dietcolaaddict Posted April 3, 2009 Report Share Posted April 3, 2009 I'm hoping for and to some extent expecting a further decent correction between now and the summer and plan to take advantage of it. I'm much less clear about my plan for silver purchases. Should I average in? and if so over what time-scale? Or should I wait for price targets as I'm doing with gold? I still haven't decided. Snap, same here Wren! I'm building a cash reserve in GM at the moment, probably to invest in a few months time. I'm also keeping a close eye on Oil and quite fancy a bit of exposure to that should it fall again to the $30's in the summer. Link to comment Share on other sites More sharing options...
wren Posted April 3, 2009 Report Share Posted April 3, 2009 Well, CID once again out of 1 Oz Maples, Krugs When I placed an order with them recently there was a new warning message about checking the packages: IMPORTANT Before accepting the delivery of our parcels and signing for them please ensure that exclusively white tape has been used. Should you notice any other kind of tape please refuse delivery. Should you doubt the sound condition of a package please weigh the package before accepting it in the presence of the UPS carrier. The weight of each parcel is encoded as follows on each parcel: CGXAweight in gramKX Example: CGXA390KX - The weight of the parcel is 390gr. As the content of our packages involves high values you are asked to exercise due care in accepting deliveries. Presumably some packages have been tampered with and contents stolen. UPS delivers to me in Finland. Does anybody know more about theft from couriers? Link to comment Share on other sites More sharing options...
azazel Posted April 3, 2009 Report Share Posted April 3, 2009 Hold it in preparation for the onslaught of inflation. A lot of people on here bought over a year ago and have exchanged pounds for gold. They did very well last +44%, so why change back now. Not everyone is concentrating on the daily swings more the big picture. I myself sold a house and put the money into PM's around 1 1/2 years ago and moved into rented. I looked at it as a long term plan, three years or more. During that time I expected houses to go down a lot and gold/silver to rise a lot. So far things are very much going to plan, so why change it because of the daily swings. You maybe able to convince me to change my mind in about another couple of years. Im in much the same boat as you pixel8r. I sold and rented in 2007 and got gold and silver. We are well up even now that the price is down. Ive been re-evaluting our situation today. Im confident house prices will continue to fall and gold will go up in the longer term. So I will continue to rent and accumulate over the next 2 years. I cant see house prices shooting up any time soon. I really should get the courage to trade some so as to increase my possition. Its only down $100 and a black swan event could put us back to $1000 next week. Lets face it, they are talking trillions on a regular basis now and things have gone from bad to worse. Our glorious leaders have done their best to put positive spin on the G20 meeting, and some have fallen for it. Its the cure that will do the worst damage and theres alot of medicine going down at the moment. Im coonfident that gold will go ballistic on the coming inflation. Even Mervin King said the exit strategy for the coming inflation will be large increases in the interest rate. Anyway, thanks for the encouragement and I've made myself feel better by saying this. Link to comment Share on other sites More sharing options...
aardvark Posted April 3, 2009 Report Share Posted April 3, 2009 its annoying how they can beat it down so often but nothing has changed - the G20 meeting achieved nothing of consequence and they have no idea how to fix anything beside throwing more money at it and printing more money to 'restart world trade' whatever that means. there has been no acknowledgment of that the credit bubble was the problem, they are simply trying to recreate it and get back to what they think is 'normal'. i see no reason to sell gold, or even to stop buying it. Link to comment Share on other sites More sharing options...
huntergatherer Posted April 3, 2009 Report Share Posted April 3, 2009 In response to current stategies: I have held a main core position of Au since end of 2006 when near $600 (£315). I diversified out of sterling into foreign currencies in 2007. I bought Ag Spring to Summer 2008 during inflationary expectations and this was hedged by my Au. With the deflation Ag value dropped but bought around $2 per £ and sold out for healthy profit just after the recent Au spike of $1000 (Ag spike $14.50) at <$14.00 because believe we are in a deflationary trend for now. etc. (I should have taken a smaller position in Ag equally hedged with Au during this time as it turned out. I think it is not a good idea to take too large a position in case of another bout of deflation - inflation will come later.) I was also able to buy Ag at a dip for $8.81. Since sold but will later hope to add to Ag to position prior to inflation. I have held off buying Au until recently and bought some in case there is a surge back over $1000. If there is a push I would expect the price to fall back over the summer where I would add to my position. If there is no push I will hold Au as currency to expected inflationary trends. If there is a fall back I will be hedged by core position. Link to comment Share on other sites More sharing options...
LauraB Posted April 3, 2009 Report Share Posted April 3, 2009 Snap, same here Wren! I'm building a cash reserve in GM at the moment, probably to invest in a few months time. Me too. Still adding to GM cash as some of my (now) daft & innocent UK 'investments' mature. I fail to see how a trillion odd fixes a quadrillion odd problem. I don't know much but I can usually spot *olloks from a safe distance. G20 was far too luvy to convince anyone with an ounce of original thought for long? I also note that Cgnao's bottom is now hanging out! Life can be so tough in the prediction game, but I trust he will return? - hope so Link to comment Share on other sites More sharing options...
G0ldfinger Posted April 3, 2009 Author Report Share Posted April 3, 2009 ...There's rabid 'green shoots' news all over them, everything from house prices to a Chinese recovery.... I'll use these "green shots" to buy more gold and silver at the present rock bottom prices. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted April 3, 2009 Report Share Posted April 3, 2009 I'll use these "green shots" to buy more gold and silver at the present rock bottom prices. i topped up with some sovs today - i am still keeping some dry powder back just in case the sterling rally continues the thing about the anti-gold trade at the moment, ie. stocks & commods rising etc., whilst gold is apparently being sold off, is that this would normally signal growth and confidence returning which by consequence is usually a side effect of money growth. so, what exactly are we seeing at the moment; the gradual decline of fear and the end of the 'fear' gold trade? perhaps, but then this surely means that the switch from deflation to inflation is upon us?(from a msm perspective). so whilst the 'market meltdown' gold buying influences may be declining (msm pov), wait until the inflation fear factor sets in. jobs are still being lost, oil is on the rise, other commods are on the rise, the CB's wont stop printing till they see growth (or their debt being eroded). The Chinese are stocking up with gold. it wouldn't surprise me to see pog go down to $800 but just like last year, the physical small bullion market will tell a different story Link to comment Share on other sites More sharing options...
callmejoe Posted April 3, 2009 Report Share Posted April 3, 2009 A heads-up on the Northwest Territorial Mint http://www.atg.wa.gov/pressrelease.aspx?id=18988 Link to comment Share on other sites More sharing options...
wren Posted April 3, 2009 Report Share Posted April 3, 2009 An updated version of "I sold my soul to the company store". http://mises.org/multimedia/mp3/twotrilliontons.mp3 BTW, we're well into April now and need a new thread. Link to comment Share on other sites More sharing options...
Perishabull Posted April 3, 2009 Report Share Posted April 3, 2009 Goldfinger, at what level are you going to sell? (just curious) Link to comment Share on other sites More sharing options...
G0ldfinger Posted April 3, 2009 Author Report Share Posted April 3, 2009 ... BTW, we're well into April now and need a new thread. Never understood why we needed a new thread when the old one was so good. Bless it! This thread would be the longest ever, and I was the father of it. Darn it! I missed my chance/ticket to celebrity. Link to comment Share on other sites More sharing options...
G0ldfinger Posted April 3, 2009 Author Report Share Posted April 3, 2009 Goldfinger, at what level are you going to sell? (just curious) There is not one "level". There are many indicators that have to be watched. The more indicators will get ticked off, the more I will start to average out. But we are far from that. Indicators are e.g. house-gold ratio, DJIA-gold ratio, real rates of interest, M3-gold ratio, etc. Nominal price is irrelevant (especially in Zimbabwe). http://goldismoney.info/forums/showthread.php?t=195370 Link to comment Share on other sites More sharing options...
FWIW Posted April 3, 2009 Report Share Posted April 3, 2009 I got an email from Black Swan Trading (www.blackswantrading.com) today that had this in it, that shows support at $893. Can anyone point me to a free charting package that allows me to add fibonacci lines to the gold price? Link to comment Share on other sites More sharing options...
Steve Netwriter Posted April 4, 2009 Report Share Posted April 4, 2009 I got an email from Black Swan Trading (www.blackswantrading.com) today that had this in it, that shows support at $893. Can anyone point me to a free charting package that allows me to add fibonacci lines to the gold price? http://www.netdania.com/Products/live-stre...artStation.aspx Link to comment Share on other sites More sharing options...
Steve Netwriter Posted April 4, 2009 Report Share Posted April 4, 2009 An updated version of "I sold my soul to the company store". http://mises.org/multimedia/mp3/twotrilliontons.mp3 BTW, we're well into April now and need a new thread. Thank you Will do. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted April 4, 2009 Report Share Posted April 4, 2009 Old thread end: http://www.greenenergyinvestors.com/index....st&p=104598 Ready steady................go. Link to comment Share on other sites More sharing options...
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