chazza

Seeing a lot more price drops in the areas I have been looking over the past month. Sellers seem a lot quicker to cut the price after initial market at 'opening' level.

Obviously most are still quite optimistic in their valuations however EA's are a lot less condesending when I give them my opinion on the property current market value.

i got stuck on the train from victoria to balham today so i flicked through the property section. i dont normally as im waiting for a taxi driver to tell me how much his mortgage cost and how many silver coins he owns before i buy somewhere, but nevertheless the 1 and 2 bed flats in fulham, chelsea etc seemed remakably cheaper than i remember them being advertised for in the past...... just an anecdote. i believe the indices have been skewed in the last year by beter quality houses in the same category being sold easily which has given the effect of a low volume rally, when in fact most houses couldnt be sold at the as

I'd have to disagree here, hearing eye watering stories of how much your bog standard flats are going for in these areas

Halifax House Prices JUN -0.6 (expected 0.2) May revised down to -0.5 from -0.4

Well, more likely that than 50.

 

I'm considering trading a little bit of gold for silver when the ratio hits 80/ 85 odd then back to gold at 60/ 65 odd.

Yup from the chart looks like I would switch 50% of my gold at 80

G:S looks like it has broken out of its 4 month consolidation triangle, to the upside. Next stop 100?

Interesting chart gleaned from ZeroHedge. Is gold in a bubble? The answer:

 

'Wow' is all I can add to that graph, certainly puts it in perspective. Goldfinger, that will have to be one of your regulars also...

wow, 10% off after just a couple of weeks? Perhaps these sellers are desperate? I would like to have more evidence to support that as a widespread situation.

 

Things could get interesting.

No, IMO the aksing prices were very toppy in the first place. Prime London commuer-ville, 2007+20% ish

A couple of properties I have seen recently have dropped 10% of their price after not shifting within a couple of weeks. Seems like people dont want to hang around.

A good chance they trade in this market though from what I have been hearing....we'll see!

If the supposed CGT changes come in, ie that CGT moves from flat rate of 18%, to being the marginal rate of income tax, has anyone given any thought to what is the best move if you have an STR in GM/BV sitting on a large capital gain.

 

Can you just sell out and rebuy the next day and pay CGT on all capital gains accrued up to this point? Would you need to declare it now, orat the end of the tax year for this to work? Any expert opinion (or pointers of where to look) would be highly appreciated.

http://www.greenenergyinvestors.com/index....c=10119&hl=

My sentiments exactly, all thoughts welcome

Sure enough... the dollar spikes and silver slides. I'm keen to pile in with my dollar fund on this dip..... but no hurry here. The decline could last a good couple of weeks if the previous dip is anything to go by.

 

 

We seem to be approaching the upper level of G/S's recent MT triangle which should act as resistance, think we will need the next leg of this sovereign collpase for the G/S ratio t obreak substantially higher.....saying that doesnt seem like we are far away given the news flow!

Yup, just breached 61.8% retracement, would like to see it pull back now to 79.5 area. Then I might have a clue where we are....

Pulling back nicely now, poss wave iii down

Dollar on steroids today. If we see it strengthen over a month to 84 or so, silver could go to 15 odd.

 

Yup, just breached 61.8% retracement, would like to see it pull back now to 79.5 area. Then I might have a clue where we are....

I'm err-ing on the side of we get a small leg up here. Copper and oil breaking out, G:S ratio declining and a bullish correction in stocks.

Also, I think the USD may be a due a larger consolidation here. Possibly a wave 2 back to 79.5 area.

I expect a test of the upper expanding triangle resistance in the S&P, possibly even the 61.8% fib. Risk trades on.

The one doubt in my mind is that the markets have done their job in decreasing the amount of bearishness out there. So a perfect time for the markets to crap out!

Ive been adding the last few days, out of USD into Gold.

Think we could test the highs again if the SM's keep on going.

Can't you just give it a rest now? It's all very clear what you think about RH so just leave it be, eh? Why come back to start a fight...it's so petty.

+1

Silver 17.57

 

Anyone trading silver? I'm looking to sell around 18/ 18.50.

 

Nearing overbought on RSI:

 

Have we seen a triple top in GBP @ 11.75?

Wow, you're such a charmer. Tell me your secret with the ladies.

:lol:

Funnily enough I've been single for the past 20 years and can't fathom out why...?

Wife is all in Sterling, inspite of repeated advice to get it out into something else. How can I make her convert gbp?

Slap her

can I just ask this once more for those that may have missed my request.

I think quite a few of the chartists on this site saw it.

Dollar on steroids.

Thats the thing, DXY is only up .62%. How about if it jumps a couple of %

That's the long term trend broken... I don't think such niceties will be observed in this market. The only certainty is volatility.

Splat! 233-day SMA at 15.50 - will bounce here surely. Im hoping for a bounce generally, more in the stock markets so i can add more shorts.

EDIT: Also DXY testing 80 and gold at support at 1071 ish. If we dont bounce now, we never will

Woosh. Support at $15.70. Then I'm $8.55 bid...

Can somebody explain what it means to be locked in?

 

From other comments i am getting the impression these companies are making it unprofitable to transfer back to cash?

Above a certain pruchase amount, the price you transact at is fixed at the London am or pm fixing. I now know these are not cancelable when subitted!

I think gold's decisive move will be on Thursday when the QE announcement comes out. I'm fairly certain they will continue the process and this should be bullish for gold.

Well sterling seems to be starting its plummet vs the USD, so GoldGBP may do very little.

I think we have seen the 1st quarter seasonal peak, it appears to get a month earlier each year. May in 06, March in 08, Jan in 2010?

Bought some gold via GM this am. Was going to cancel as I was in two minds this morning, but then realised I was locked in. Ho hum. Just over 50% invested in gold so still have some dry powder.

Im convincing myself more and more the USD move has some legs and could well push gold to the 1000 level. Probably best to go against my 'sure thing' thinking