chazza

GBP feels weak to me as does the rally in risky assets. I invested my final 50% of my Sterling cash pot into gold.

I see the GBPUSD break today as being important, breaking the uptrend from the March lows. Unless this is THE turn in the equity markets I reckon we should see cable retest the trendline. Which means I think GOLD/GBP is close to its ST low. I'm going to invest 50% of my fund this evening and play the reminaing 50% be ear.

Ah, didn't know he did podcasts, are they available through itunes?

Anyone use his services/newsletters? Sounds interesting, but from his swanky website I imagine it could be pricey....

I swapped my silver for gold on the last dip in the low 60's based on Hoyes call. Given the strength in the equity markets and that we could be rallying for another month or so, which I think Hoyes disagrees with, I think we could also see fresh lows in the G/S ratio, maybe low/mid 50's. The only consolation in my mind that I may have bailed early is the marked divergences we are seeing in currencies/commodities and equity markets. So mayeb we just get a double bottom in the low 60's.

Of the people I know who are buying now, nearly all, I believe, are still operating with this mindset - Lever up and reap the rewards in 5-10 years time.

Half of the people that looked around my house were acompanied by their parents to help with the deposit.

Wow, nice chart!

For a month time horizon maybe, dont think we break 300..

Good points. Thanks guys

I thought they buy their physical through exchanges and take delivery? So if they use Comex, they can't be sure they get the real stuff?

Not in real terms

Not good for Goldmoney?

I agree, he seems to have been caught up in the bullishness, a sign we are close to the top. I note he did then say after 1,100, It could be 1,050 or 1,025. But basically he we recommending buying sotcks....

So it would be 18% if you werent trading? You will be top of my gold gifting list

I'm sure this has been mentioned before, but I assuming holding gold through Goldmoney one will be taxed at your marginal income tax rate, i.e. 30/40%? Is there a way for it to be viewed a money as aposed to capital gains on speculation/or I guess more favourably from a tax standpoint?

Red or brown sauce?

Cheers wren, glad someones on the ball!

Goldfinger, can we (I) see your UK House Price/Gold chart again please? what index is used for the house prices?

Do you know if these are downloadable onto ipod's via itunes? Can't see a link...

Is that a 'flag' on the gold:silver ratio graph?....taking its time to make a move

Gold Silver ratio appears to be at support at 200 MA

Quite a read. My favourtie part of the article: The safest asset in the financial system is the promise of government to honour its own debt.

Yes, I'm waiting to re-allocate a small amount back in. Thinking we get a correction of the trend (underway) and the hoping the stocks reassert their +ive momentum.

Amex Gold Bugs Index. HUI (INDEX) 258.38 Change:-17.44 -6.32% Ouch.