Pixel8r
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Posts posted by Pixel8r
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Gold price trend is pretty clear, 20% odd appreciation annually against the reserve currency. Factoring in also the depreciation of assets [against the dollar], and you have an even greater relative appreciation of gold in real terms.
Same conversation we have had before, but needs to be had again by the looks of things.
The trend in gold prices will and is accelerating as time goes on, each amount of printed money has less effect therefore causing more to be printed and leading to higher prices. The trend line since October 2008 is at more at a 42% rate of increase, until that line breaks why call it 20% when it has been in place for over 2 years?
There seems little point to keep reposting the flawed analysis.
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It seems a bit daft to try and put a final price that gold will go to and when to me. Gold is going up but the amount it goes to and the time it takes is dependant on how much currency is created from thin air. That is virtually impossible to put a number on. For instance with the Greek situation currently it was first said that that it could cost the UK £2.5 billion, but now it has been released that it could be as high as £336 billion.
Rather than trying to guess how high gold will go when valued in a flawed fiat currency, I think it is better to think about what you will be able to exchange your gold for and when. Who knows if the dollar will even still be around by 2020. I think looking at the great charts over at approximity give a lot better valuation to where gold will go, like the dow/gold ratio and the house/gold ratio charts.
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More fun and manipulative games by the CME, the tightness in silver is requiring very creative handling of the situation. This is more proof that silver is on it's way to the moon over the next few years, they can't trick the market forever the physical shortage will raise prices eventually.
Is The COMEX Manipulating Gold Margins To Mask Silver Supply Deficits?
June 17, 2011 By Patrick A. Heller
The COMEX has just dropped the minimum margin requirement for gold contracts to $6,075 from its former $6,751 minimum. This move does not make economic sense as the price of gold is now within 2% of its all-time high COMEX close.The lower margin requirement also does not make sense when compared to the COMEX margin requirements for silver contracts. With the lower margin requirements it is now possible to control more than $25 worth of gold for every $1 of margin put down on a gold contract. In contrast, the silver contract minimum margin requirements are much higher. At today's closing silver price, investors could only control up to $8.30 of silver for every $1 of margin put down on a silver contract.
You have to remember that common sense and consistency aren't the only factors that the COMEX considers when setting these requirements. Could it be that the COMEX is trying to lure speculators and investors away from the silver market by offering them greater margin opportunities in the gold market?
Think about it for a minute. By the end of this month, the next round of COMEX silver options will expire and the first day of notice for delivery of July 2011 silver contracts will occur. Both of these events could trigger strong demand that could seriously deplete COMEX registered silver inventories...
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Pixel - did you see the GPR results the other day? It's been a volatile ride but I'm still in. I view it as a smaller First Majestic
Yeah Q1 EPS up 500% from a year ago, I hope they can continue such amazing growth. It would be good to see them start a dividend payment soon though, rather than just keep doing more financing.
I sold half my original buy to realise a 10 bag and free up some cash for more purchases, will hold the rest for the duration I think.
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I think when you list on Amex you get to have your company outside the NYSE for a day.
First Majestic did it earlier in the year
Cool, can't wait for the GPR day.
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Pixel, Chris, thanks for posting this.
Call me Silverfinger!
Shouldn't your interests read 'holding silver & gold'?
I understand your wanting to escape the noise and thank you for your posts over the years. Hopefully will still be able to read your stuff and check your great graphs in the future.
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Fundamentals still lookin' good...
This link has a cool graph showing the registered comex silver holding which is updated daily;
http://www.24hgold.com/english/interact ... com=SILVER
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"The best currencies - Gold & Silver!" on the front of NYSE... Own up, this must be photoshop'd....!
That must have cost Rob McEwen a pretty penny.
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First of, long term bullish on silver.
That said, a very good chance she's going to remain volatile.... and that in the aggregate may appreciate at a similiar rate to gold... being around 20% a year [in 2006, silver was 13 dollars]. 20% appreciation a year would put silver around 32/33... but could well over-correct.
Your thinking seems flawed to me, why do you think silver will on 'aggregate may appreciate at a similar rate to gold'? The gain in silver in the last gold bull run in the 1970's vastly out did the gain in gold, the same appears to be happening this time. Sure silver will move up further and come down further it acts like gold on steroids.
Being 50 / 50 gold to dollars seems a bad move to me, when dollars are being created at the rate they are. What do you think will happen to the dollar/gold/silver as QE3 is announced? I think that gold and silver will take off like the scalded cat and the dollar will tank. So having gold and dollar you will gain from the gold and give back via the dollar depreciation, which will mean you stay in the same place while stuff continues to get more expensive around you.
Since 2004 the average UK house has crashed around 73% when valued in gold and 84% when valued in silver. If you look at the average UK house valued in dollars the crash didn't start till 2008 and they have only been around a 29% fall.
We seem to be always going over the same ground, I wonder how long it will take you to get it.
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Nice action in ECU Silver today +17.5%, looks to me that the shorts are madly covering I am expecting the up to continue tomorrow as there hasn't been any news yet.
Will be good if we get some follow through today to the big spike and volume yesterday, as it looks like we could be breaking the downtrend.
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Nice action in ECU Silver today +17.5%, looks to me that the shorts are madly covering I am expecting the up to continue tomorrow as there hasn't been any news yet.
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Still at the all time high in Euro-Gold.
and an all time high close in GBP-Gold.
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I looked at ECU a while back as Goldlion over at Stewart Thomson's place suggested it. While doing my research I discovered the chap over at IKN has a real beef with ECU:
http://www.incakolanews.blogspot.com/
I decided against buying after reading his posts on the company and just as well as it has been a total dog since Jan. Now maybe things have turned for ECU and they are now a screaming buy. However, I would tread with caution and at least look at what IKN has to say. Good luck.
Been finding out a bit more about that blogger. It seems he is well known by ECU followers and is "a real slippery scumbag". The quote below is from the comment at the bottom of this post by Dave in Denver on his site The Golden Truth. I wouldn't dismiss ECU just off the back of one bloggers posts about them, that is the trouble with the net it makes stock manipulation much easier.
ECU Silver May Be Ready To Make A Big Move
The blogger in Peru is an at-large stock analyst who publishes for Hallgarten and Company. He's a real slippery scumbag. I'm not sure if he lives in Peru or just uses a server in Peru for his blog.His motivation? Assuming a he has a few thousand followers, maybe even more, a big hedge fund can pay him to go on a smear campaign against a stock. This guy's work on ECU is blatantly wrong and slanderous. We have confronted him several times via email and he responds with unabashed arrogance and lies. Yellow journalism at its epitome
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I bought Silver Wheaton, Silvercorp and Great Panther Silver recently. I'll buy more over the next few months if they drop further.
I own all of those as well, they are all good safe bets but are priced as such these days. For a bit more spice I have also been buying some exploring juniors recently, as a max of 20% of my portfolio, which appear cheap to me currently (ECU. GBB, CSG, SVL, AQ, MML).
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Finally the cartel gold distraction method is starting to backfire as holders swap ETF's to physical bars.
Gold investors choose bars over ETFs in Q1 - WGC
Investors forsook gold exchange traded funds in the first quarter in favour of coins and bars, the World Gold Council said, with buying of physical investment products helping lift overall bullion demand by 11 percent.The WGC said ETFs recorded their first net quarterly outflow since mid-2007 in the first three months of the year, with overall holdings of the products -- which issue securities backed by physical gold -- falling by 55.9 tonnes.
Total coin and bar demand rose by 52 percent or 125.5 tonnes to 366.4 tonnes in the first quarter. Gold investment increased by 26 percent in tonnage terms to 310.5 tonnes, helping raise total bullion demand to 981.3 tonnes from 881 tonnes.
Eily Ong, research manager for the industry-funded WGC, said she expected this trend to persist throughout the year...
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And if silver gets cheap enough (under $27?), I may give it some thought as a CORE position
Now I really don't understand things, my cheapest buy was at £6 per ounce in '08 why didn't you build a core then?
GOLD
in Gold, FX, Stocks / Diaries & Blogs
Posted
Bix Weir has been saying that 'Silver Can Go Below $0 or to $1,000,000 In A Nanosecond'