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cbs7

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  1. saw this in the latest Dilbert newsletter and it made me smile http://dilbert.com/newsletter/issue/December_2008_Issue71
  2. Thought this guy's ideas on how to deal with junior resource volatility was interesting. Have copied the ideas below from the documents you can download from his website Mercenary Geologist
  3. Hi walden I hope you are right, it certainly felt emotionally something like a low last week. I wouldn't like to see many more sharp around this low but carving out a low while any remaining bullish optimism is wrung out of the market. I like biwwii's commentary on the HUI http://biiwii.blogspot.com/2008/09/hui-wee...e-road-map.html and I did like the volume on the HUI which suggested a strong powerful reversal.
  4. Good chart at biiwii.com showing the CDNX index still working within its triangle. http://biiwii.blogspot.com/2008/07/tsx-ven...hange-pain.html
  5. That is just so blatant it is incredible, but doesn't surprise me one bit. Whatever the FSA say please remember these guys are bookies and Gambling Law in the UK recognises gambling as a grey area of law which is why gambling debts are not enforceable.
  6. I hadn't noticed that myself, but it's yet another nail in the coffin for using SBs for serious investing. I think the promise of tax-free gains is very appealing, but the risks are just not worth it to me. Given this security hole it's easier for them then to claim their data feeds occassionally "make mistakes" and i'm sure in the T&Cs it's buried away that they aren't liable, blah, blah, blah...
  7. True, but we know how well funded these compensation schemes are... and i imagine in the event of a system shock spread betting clients will get less sympathy, and therefore less likely to be bailed out by the taxpayer / investigated by the FSA. I have heard about and also seen this type of manipulation live so I don't think that these are isolated cases. Security on spread betting accounts in my experience is also minimal - when I have rung up all they need is my username and my name - not much else and off you go. I'm not wholly against spreadbetting, but I think the systems are too flaky for any sizeable trading or anything too leveraged. I will use it on occassions for an easy quick trade but not for anything serious, as whatever the FSA say for me they are just a bunch of bookies which means generally they will do things ok, but where it is to their advantage or disadvantage, I suspect there is some manipulation, especially running the stop losses.
  8. I really would advise against spread betting for long-term positions. Please remember that in the UK gambling debts are not legally enforceable so there is a good chance in an extreme event any gains you make you could lose if the the firm or its systems fail in any way. Precious Metals will be extremely volatile and I make sure that all my core positions are 100% unleveraged and 100% owned. If you want to take a long term view buy the shares / metal / whatever it is directly and then you know you own what you own. For lower-risk leveraged short term trade options or double-long/short ETFs would be preferable in my view.
  9. Interactive Brokers is sooo much cheaper and I dare to say even fairly stable (have a look at their share price history compared to most other brokers). The interface has improved a lot though it is still orientated to professional traders so it takes some time to get used to. Customer Service is ok, but not particularly fast. Trades in currencies outside your base currency (GBP in my case) are debited from your balance in that currency. So you actually have to purchase USD or CAD or EUR in currency trades yourself otherwise you run a debit balance and get charged interest. All of this is confusing to start with if you are used to a typical UK broker who normally converts foreign currency into GBP equivalent (while screwing you on the conversion), but you do get used to it. You also enter orders directly into the market which again gives you a lot more control over your trading. I recommend them if you are prepared to take some time to learn the interface.
  10. I came across some excellent bespoke junior gold, silver, energy and other indexes here http://www.smartinvestment.ca/junior_indexes.html These are compiled over at this forum http://www.mexicomike.ca/php/phpBB2/viewforum.php?f=21
  11. Thanks wheelybin and dst - exactly what i was looking for! It looks like it might be a good bet to say that the price of an average UK house could eventually come down from the 700 ounces peak to 300 ounces or less. This sort of thing really makes me consider if all the cash I have earmarked specifically for a house ought to just go 100% into gold bullion as whatever the price of gold does I might reasonably expect that if I have 300 ounces of gold at some point I will be able to buy a house with that or even less perhaps! There are some similar charts I just came across for the US housing market here http://www.sharelynx.com/chartstemp/USHLSPOG.php It's a bit strange because the chart for the US suggests the peak for housing in ounces of gold was back around 2000-01 rather than during the more manic phase later 2003-05
  12. Sorry to interrupt the thread but does anyone know where I could download the historical price of Gold in pounds sterling? I would like for as far back as is possible and monthly data would be fine. I'm looking to plot average UK house prices when priced in Gold to see if there is a historical average/trend. Perhaps this has already been done on HPC or here, but otherwise I think it would be very interesting Thanks!
  13. Hi Justin, that's nearly a 6% premium which although is quite a lot isn't so excessive for physical silver. Unfortunately if you do want allocated physical silver you will have to pay the premiums. If you do get a large enough holding with Goldmoney you can get member's rates which have about 1-2% less premium on the physical purchases, but you need to build up your holding with them.
  14. It seems that it wasn't bad enough for Gordo to sell off 1/2 the UK's gold, but that some of the gold we do have left may not even be the real deal All that glisters may not be gold I came across this when researching fake tungsten coins. Tungsten has almost the same specific density as gold and it looks like the BoE may have ended up with some dud bars...
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