cranberryDog46

If there was any doubt that government sees keeping house prices as high as possible...

http://www.dailymail...rty-market.html

The state is going to lend money to buy to let landlords!

the reason politicians won't want to tax property is because they'd be taxing themselves,

they get their mortgage paid for by the tax payer so are basically getting a free go at the Casino - as long as this situation persists all government policy will be aimed at keeping prices as high as possible and the market as liquid as possible

Jeremy Paxman wasn't too keen on gold was he. I don't remember debates on prime time TV when gold was topping...

looks like Keiser had already beaten the pro paper guy up before the show.

how long has Japan managed to keep interest rates low for, 20 years?

Interesting that we have not had a word of protest from Labour on the mortgage guarantees. It seems they have learnt nothing.

rising house prices are payday for MPs

another reason why all parties will do everything they can to keep prices high or rising

what being a gold holder feels like at the moment

https://www.youtube.com/watch?v=gbyFxNDP0Nw

Sorry zoomraker, but I really don't know much about gold or PMs (apart from it being an historical store of wealth etc) and I've never really followed the gold threads etc.

 

That said, it looked like a good deal back in 2003/4 (Credit where it's due to Dr B and others for getting in early on that one), but I was always happier with stocks and the housing market as I knew a little about them and practically nothing really about Gold etc (hence I've never commented on any of the gold threads).

 

I bought a few sov's etc back in 2005, but for fun really, nothing serious. Got some silver last xmas, and have been looking at possibly getting some more sovs & silver soon (but again, no great amount).

I was interested in your thoughts on TPTB ability to suppress the Gold price as a way to defend their currencies, specifically the role of the dollar as the global reserve.

I think you're spot on about the lengths they will go to, to maintain or even generate another boom in house prices, of course this could end up leading to the mother of all crashes like in the USA but these things move slowly and that could be 10 or 20 years away.

Perhaps they will not be so successful attacking gold as it is not just a domestic matter it is a battle of international forces, the west versus the east, but in a sense so are house prices assuming that endless QE eventually leads to either currency collapse or rising interest rates and that may be closer at hand than another 10 or 20 years.

Oh for a crystal ball.

any thoughts on Gold John Doe?

I think there are two sets of forces of play both a result of the decline and fall of the American Dollar Empire.

The first set of forces I see as bearish for gold - this is the American determination to maintain & possibly grow the price of the S&P through money printing and asset purchases.

The second set of forces I see as bullish for gold - this is the determination of the BRICS nations to end the dollars status as global reserve and the buying of gold by central banks.

However, as the BRICS nations hold much of their wealth in the dollar they would seem to be in a bit of a Catch 22.

My fear is that the bearish forces could dominate over at least the next ten years and we could be entering a period of price decline for gold. Empires can take many decades to die.

aren't people also protected from a Cyprus event if their money is in the S&P?

The S&P seems to be where TPTB want you to have your money, isn't buying/holding gold now just pissing into the wind?

what motivation is there to buy gold if people perceive their capital will be protected and they can get yield in stocks?

could it be due to Cyprus having to sell their Gold,

the market anticipating increased supply

what probability do you give of a double bottom being a bullish signal?

does it need stimulus because it's a weak market, high prices but low volume?

bearish = cheap

yet another article about Gold from MSM that does not mention QE, money printing or interest rates,

the purpose is to confuse and decieve

Is gold about to rocket or is the pound about to collapse....?

for gold to rocket without the pound collapsing other currencies would have to fall against the pound?

If the pound does collapse could foreign money flee UK property?

even if there aren't aliens, why the vatican should be encouraging belief in them is a bloody interesting question.

maybe to do with the speech Bernanke is giving today?

thanks PD

A couple of interesting articles from Ambrose Evans Pritchard related to the recent price moves.

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100022953/golds-death-cross-is-a-buy-signal-for-china/

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9891082/Trade-protectionism-looms-next-as-central-banks-exhaust-QE.html

If I understand correctly he is saying that the price falls are due to mutterings from the fed about QE being restricted or being brought to an end.

Pritchard makes the point that this will be very difficult to do.

The idea that QE will lead to inflation seems to be going mainstream.

My hope is that the price falls are a market over reaction to weak comments from the Fed about restricting QE and that Gold and Silver's upward trajectory will be resumed.

bull market sentiment affected by falling prices shocker

and this means that the gold price in 7 days, 14 days and 30 days will be what and what probability do you assign to that prediction?

if I was able to understand and predict market moods and price movements I would be richer than Soros,

unfortunately all I have to go on is a rather vague and hazy view of fundamentals

Because of the change in price action in response to technicals.

So fundamentals remain the same?

The Gold bulls should be VERY concerned right now.

Because the money printing has stopped?

Or the fundamentals that made people bullish on gold have changed?