chazza

Anyone follow EWI on silver?

Not a subscriber myself but saw that they are calling the March high to Nov low a primary 5 wave down, the current move a correction (initial target $15.5 i think) then a further move down.

My rent went up this month. But for the last 4.5 years I have paid so little, I felt ashamed anyway.

Very ballsy of your landlord, did you not let him know what you thought you could get elsewhere?

Nice.

 

I was mad buying gold two or three years ago. Now I am the one who was on the right side of the markets. I am getting flickers of interest from some. When I suggest buying gold and storing at home or somewhere safe, I get a 'What! Actual gold!' . Still not in the mainstream.

Mentioned to me friend yesterday that I was in PM's, he said "You as well! I've just met 3 or 4 of my colleagues and they are all invested"

Ex-city workers, so the trickle down has started.

and why does he think the market has bottomed?

Yes, this bit was good. Because he went back to see them after buying the first lot to try and buy another. He bought the first 3 for £275, however they are now priced at £350k. So he thinks he may have got in at the bottom.

No comment required....

There's a bit of bullisheness in todays Sunday Times, Money section I think.

A roundtable of economists and estate agents, so its nice and impartial. "Seeing a slowdon in the price falls", "One London solicitor has bought 3 flats and believes he has got in at the bottom"....

Glad I avoided the temptation to trade my silver holding, a nice rebound in sterling.

Though if the next equity drop comes sooner than expected, think we could see G:S go the wrong way (for silver holders).

Bearish flag formations in gold and silver in GBP being formed?

We should treasure the one or two people who are brave enough to post permanently PM negative stuff (seriously).

I agree, I like Ker's stuff. If it encourages more thinking than just pulling the trigger it benefits us all.

45% physical silver. That's a lot.

 

I'd recommend listening to some Bob Hoye.

 

Silver may not be the done deal people think it is. I have a huge holding bought in 05-06 . It is a source of immense frustration to me.

I was under the impression Bob sees a retracement on silver for the short term, to around 50:1, with a general retracement in the markets.

Superb call again

? Gold stocks being pounded?

6 hr goldshow on fsn this weekend. 3,4,5 & 6 available on itunes now

6 hours.....

Not sure I can face it, although I am sure one of the hours will be very good.

Agreed. I know a lot of people won't want to hear this, but I can't see gold going up again significantly for many months and I'm expecting further declines just before Christmas. Not that this will make any difference to the price of a physical ounce (so I'll keep drip feeding in that department), but I think it could be wise to start building a good cash pile in the meantime.

 

I would expect to get some good stink bids on commodity shares just before Xmas, particularly if we've had another sell off before then. If prices are further down I think the old end of year tax bargains game could be extremely profitable. Any thoughts for another end of year tax bargain list, Bubb?

Agreed. I bought my first bit of silver to keep the voice inside my head quiet. However the rational part of my brain keeps trying to remember H. Hendry, who I think espoused some very good 'advice'.

LOL! .. I've got to say in this current market I'm more and more inclined to agree that TA *must* be getting difficult if not impossible. You have organisations going bust or being bailed out, central banks slashing rates, stock markets yo-yoing. When the fundamentals and external factors are swinging around all over the place, how on earth can the charts (which show where the money flowed in THE PAST) have any real bearing on the future? - other than the fact that a lot of black boxes out there are trading according to how they've been programmed - which is to follow the charts.

 

Add in a spot of market intervention/manipulation and it really becomes a lottery.

 

A year ago I was an anti-chartist. Having read up quite a bit, I'm now more of a believer and I feel they have real value.

 

But right now? In this climate?! ... tenuous, at best.

TA still works, to what degreee is the question.

Just bought some silver.

Lower prices are coming..

For those who have missed it:

Wow, thats huge no? I would not be so happy to receive an ETF in place of physical

..Once you take delivery of a bar, it then leaves the chain of integrity and would need assaying (re-making) before it could enter the chain again - in effect, loosing value...

Apolgies if someone has asked the question and I just havent scrolled down to it yet.

"Leaving the chain of integrity" is that falling outside the scope of a official dealer, so in order to verify the quality it is melted to check for impurities etc. and then remoulded?

... Bought a bit more of Geiger Counter recently

Gulp

 

Let's hope that it dosnt need to go all the way to the bottom

 

From the HUI:Gold ratio chart it looks like it might...

Looks like it broke through suport at 0.32, heading to 0.22....

(Sorry, can't copy the BBg graph over..)

Gold/Silver ratio going higher..

Why investing is not for the brave

 

- Courage can be an admirable trait. But bravery has little place when making rational investment decisions, says Merryn Somerset Webb. Buying property isn't brave. Nor is buying bank stocks or junior miners. The word to describe those actions is 'stupid'.

 

To read why, click here: Why investing is not for the brave

Been thinking about this as merryn has something intersting views IMO. However this is not so insightful in my opinion, unless she said the same thing about juniors 12 months ago.

I also think with the benefit of hindsight it is foolish to invest in juniors presently or over the past 12-24 months.

Edit: Or option ( I have my back up because they have bitten me on the arse also

I dont post much on this gold thread, but as one well known specialist in the investment world once sent to me -

Holy bat fook!

Im sure my junior and major funds are up by at least 8% to....

 

Long Term chart for Newmont (NEM)

The lack of comment now sums up my feelings too....

I’ll take it that since I’m talking to myself here that we’ve hit a bottom in the uraniums??

 

Mega uranium is in lift-off mode today

 

http://stockcharts.com/h-sc/ui?s=MGA.TO&am...id=p06226185237

Lets hope so, not much room left between some of the share prices and zero. Bought a bit more of Geiger Counter recently

The media uptick has been going on for a while now and the uptick in the uranium companies doesn't seem to have started yet. The stories you quote are about infrastructure projects as much as they are about demand for uranium, so which will be the bigger story in the next decade - the uranium miners or the engineers which build the power stations?

 

 

 

 

First post, I'm a new convert from the HPC forums. I'm always late for a bandwagon!

Uranium co's seem to have taken a spanking in the past couple of weeks, just general market sentiment or have I missed something specific?

There's also a 1.5% currency exchange charge, so for a £1000 deal it would cost £27.95 or £55.90 a round trip. That's assuming their platform allows you to trade the stock you're interested in otherwise a telephone trade will cost a minimum of £25 (plus the currency charge)on a sliding scale.

Are you able to do the FX yourself with TD?

i.e. can you transfer to a FX dealer and then to your bank account when debitting/creditting cash?