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chazza

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Posts posted by chazza

  1. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Everyone now seems to be calling for an upside breakout - Chris Locke on cnbc this morning said he expected up upside breakout -I cannot find any negative views at this time - Also most people are calling on a weaker $ , which should be positive for Gold

     

    appart from Dr B ? I still remain v.cautious - if there is a stock market crash I think the $ will quickly go up and gold down -

     

    Any other short term views ?

     

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

  2. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Well in my prediction of a drop below GBP 500, I'm in good company... Frizzers also sees a possible/probably drop of USD 100

     

    http://www.moneyweek.com/investments/preci...gold-93306.aspx

     

    "The dollar gold price could easily be taken down $100 from here, so be careful."

     

    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.

  4. NEOwave Warnings - from Glenn Nealy

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    #1 AGAIN...

     

    NEoWave's Glenn Neely Ranked #1 Stock Market Timer by Timer Digest

     

    In May 2009, Timer Digest recognized Glenn Neely, founder of NEoWave Institute, as the #1 S&P timer for the past 12 months. Glenn Neely's NEoWave Trading Services employ an advanced form of Elliott Wave theory.

     

    Aliso Viejo, California (PRWEB) June 15, 2009 -- In May 2009, Timer Digest recognized Glenn Neely, founder of NEoWave Institute, as the #1 S&P timer for the past 12 months. NEoWave offers trading strategies and insights for the S&P, Euro, T-Notes, and Gold.

     

    Glenn Neely's NEoWave Trading Services, which employ an advanced form of Elliott Wave theory, have been consistently ranked in the Top 5 most accurate by Timer Digest for more than a decade. In fact, in February 2009 Timer Digest recognized Glenn Neely's NEoWave Gold Trading service as the most accurate service - and, therefore, the most profitable service - in the United States for the previous 12 months.

     

     

    About Glenn Neely and NEoWave Institute:

    Glenn Neely, who is internationally regarded as the premier Elliott Wave analyst, founded the Elliott Wave Institute in 1983. In 1990, Neely published his advanced Wave analysis process in his now-classic book, Mastering Elliott Wave. In 2000, Neely changed the name of his research and advisory firm to NEoWave Institute to differentiate his scientific Wave analysis technology from orthodox, subjective Elliott Wave analysis, which is frequently nebulous, inaccurate, and constantly fluid.

     

    What is Elliott Wave? In the early 1930s, Ralph Nelson Elliott presented his theory of market behavior, which quantifies each stage of an economic cycle into specific patterns of mass psychology. Glenn Neely has devoted more than 25 years to mastering and advancing the concepts of Wave theory. Neely refined Elliott Wave theory to make it objective, practical, and consistently accurate, producing his now-famous NEoWave technology. This precise, step-by-step assessment of market structure leads to low-risk, high-profit investing and trading. Orthodox Elliott Wave, devoid of such technology and rules, typically leaves the analyst with ambiguous interpretations, seriously flawed results, and dual-directional forecasts.

     

    Today, decades after R.N. Elliott penned his original theory, countless investors and traders trust Neely's revolutionary, step-by-step NEoWave approach to market analysis. Devotees of NEoWave Institute and Glenn Neely are reaping the rewards of low-risk, high-profit investing. Learn more about Glenn Neely and NEoWave Institute at http://www.NEoWave.com.

     

    /see: http://www.emediawire.com/releases/2009/6/emw2527714.htm

     

    Anyone use his services/newsletters?

     

    Sounds interesting, but from his swanky website I imagine it could be pricey....

     

  5. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Looks like you sparked a mad rush to the audio with that post. It is the first time I that I have been unable to access due to "too many listeners". :lol:

     

    Hoye has been calling for a turn in the markets for a while now. I am hoping [though there may also be a reason] that this call here is again a bit premature as would love to see the silver/gold ratio near 50 at which point I would swap silver for gold and Yen. Then it could be "whiplash" a la Hoye in the markets. Hold onto your hats. :rolleyes:

     

    reason: http://www.greenenergyinvestors.com/index....st&p=121344

     

     

    gold_1_year_silveruuuuuuuuuu.png

     

    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.

  6. UK House prices: News & Views

    in NEWS Commentary, 2021 & Beyond

    Posted

    Right.

    I think she's operating on a 2005-7 paradigm: "Buy as much house as you can afford, and wait".

    Maybe she and her friends, just dont "get it" yet. It's hard to give up old obsessions sometimes.

    It's her life. She's free to do that. But if she's other-driven, she will feel increasing uncomfortable,

    as she realises the extra debt has robbed her of financial flexibility, in order to fulfill an outmoded dream.

     

    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.

  14. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Puplava (in his last show) seems to think the S&P 500 could go back to over 1,100. I think he is once more far too optimistic on the stock markets.

     

    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....

  15. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    You will only pay income tax if you are trading in your GM account.

     

    I’m not certain how HMRC define ‘trading’. But I know it is your own responsibility to declare that you have been trading and pay the taxes accordingly. Personally, I don’t class a few buys and sells in a year as trading.

     

    So it would be 18% if you werent trading?

     

    PM me if you want to give me gold.

     

    :lol: You will be top of my gold gifting list

  16. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I simply plan to be non-UK domiciled when these profits are taken. Is that a naive thing to expect?

     

    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?

  22. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Will start to average into silver at goldmoney shortly. Decided to buy silver for the following reasons:

     

    1] The ratio with gold is favourable at around 70:1.

    2] Seems to me silver should pick up a bit before gold does due to the money going into commodities given inflation expectations.

    3] Long term goal to acquire 100 odd ounces of gold.

    4] 200 mda has been dragged down with silver. Still high with gold.

     

     

    ag0365lf_ma.gif

     

    sweet.gif

     

    Gold Silver ratio appears to be at support at 200 MA

  24. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Yup that sort of fall happening for a lot of gold/silver producers...

     

    I'm looking at:

     

    SSRI - Silver Standard -13.49%

    SLW - Silver Wheaton -13.57%

    GG - Goldcorp -10.62%

    AUY - Yamana -14.14%

     

    Long term i'm still thinking PM's will rocket so i'm hoping these all pull back a little more before people start recognising inflation is incoming.

     

    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.

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