bakachu

Maybe we all a bunch of lunatics goldatics?

You sir, rock!!! will listen now

Interesting read, for me the 'proof in the pudding' will be if people like James Turk notice/write-about odd things going on with the supply. Although presumably the quantities he deals with are smaller than the above..

Now if they could just get this to work in seawater where there's said to be a few billion KG's of gold particles waiting to be extracted..

First hand report of 'golden week' in China: Kitco Thread Some really interesting pictures and observations. DrB, have you noticed an increase in gold fever in HK?

Perhaps the trading talk could be encouraged to go in the "Investors Edge" : Markets & Trading" sub-forum?

50/50 USD and CAD Edit: Forgot to mention, if the dollar breaks ~76 I'll be back all in

I may regret this, but with the dollar index getting stronger and yesterdays gains based largely on rumours, I've lightened up on some silver. I'm calling it hedging and not trading I don't have a large position, so it's mainly a learning experience for me.

I think it's $1033, at least thats what the people on this Kitco Thread think is the figure to be taking out

hmmm, gold approaching $1030 and dollar index treading near 76.. this could be very interesting indeed!

+1

To my layman eyes today's POG seems like it's just reacting to big swings in the dollar index, seems pretty volatile at the moment

hmm, i've been resisting the urge to press the 'sell half!' button, with the aim of buying it all (+more?) back again! Actually I'm now feeling quite bullish, considering that quite often when I'm feeling confident it doesn't go the way I hoped! I'm expecting some sort of 'plot twist' this time around, should be interesting...

Go on Steve, do it do it do it!

Im thinking it whats GF said.. can you say 'SHORT SQUEEZE'! P.S Excellent countdown image

Exciting stuff all this $1000 line treading! Its like a semi-final game of football at 1-1 with 15 minutes to go... Which team's going to score the next goal, will it go to penaltys, or will there be a REFEREE!! moment as some foul play occurs..

From past experience there is indeed a link between Steve's rockets and knock downs. Superstition: no; A signal that bigger players are about to be taking profits: maybe

Hmmm, i lve been talking with the wife about selling 7%ish to finish off paying back my student loan, maybe a little bit more to exchange into yen for holiday money. I suppose after the 'double top' last time, I'm a bit more aware of the speculation side of things to drive the market. But I also fearing the day I try to get clever with things is the day I seriously misjudge what's going to happen next I'll be watching golds next assault on $1000, keeping an eye out for false breakouts up or down in order to decide what to do. I've more silver than gold, but look to gold as an indicator for how silvers going to behave.

This is mental! What on earth is going on! I'm almost tempted to do a Steve™ * *Ryhmes with sprocket;

If it breaks it, I say we start a new Silver thread

Does any one have the 12month high for silver in GBP? Currently at £9.52 per once on GoldMoney...

Has anyone else noticed that if they 'catch' a gold price breakout on the kitco charts as it's happening, it then stops at that very moment and then drops down as soon as they refresh a couple of seconds later?

I don't have a huge amount, but its all with GM. If it comes to the stage where those holdings are not 'safe', so be it; there will probably have bigger problems that require my attention by then. I'm not interested in keeping physical as the risk and the worry factor in getting mugged/robbed means that I'm quite happy to take my chances with GM. So no plans here

How will prices lift off? I think many here (including myself) are expecting a mania phase where everyone and their dog are rushing to buy assets in order to safe guard their wealth, thus sending gold and silver 'to the moon'. The only problem is, despite everything which has happened so far, the $1000 barrier remains an elusive barrier to break. I'm sure people like Jim Sinclair know that in order to reach $1600, a mania phase does need to kick off, or some kind of 'black swan' has to happen. Are they doing their little bit, or using their influence inorder to kick-start this? Is the intended audience of such articles being primed to be the first wave (or sacrificial lambs even!) in an attempt in getting to $1600? For the record, just so you know where I am coming from, I have been holding for a while, I have been disappointed by the recent failures to take $1000 (like alot of people I think), but overall I'm better off than where I started, so its all good I can't help but feel alot of the current mess/events was priced into gold very early on when it rose steeply in late 2007. To push it further to the next level will take things going pear shaped for the value of the dollar, or/and the bond markets. As time goes on, the chances of hitting a mania phase seem to be dwindling without any shocks to the system (Or are we the mania phase for the smart money?!). I really not commenting about Jim's persona or anything like that (to be fair I really dont know anything about him), I'm just genuinely interested in the discussion of the psychology of it all

As much as I like the re-assuring tone of these kind of 'notices', they always seem to employ the same, almost manipulative, techniques upon the reader. Things like: 'This is whats going to happen, heres lots of numbers to prove it' 'Dont try to be clever or think for yourself, just follow what we say' it reminds me of the war general who sits comfortably away from the fight while he commands the foot soldiers on the front line. Just felt the need to get that out!