Pixel8r

Thanks GF, looks nice with a curve on it.

Thanks for the GBP outlook. What is the reason as to why the trend line is not now set at a higher angle? Isn't that what happens when are market goes exponential.

Just been to First Majestic website to see for myself. They are selling silver coins today, at $14 per ounce ($4.50 over the comex spot price), and they are selling out. They only have proof coins left, at even more over spot. Take a look; http://www.firstmajestic.com/s/OrderForm.asp Looks like they will ship most places.

I agree with what you say, just am curious as to why TA chartists always just use the USD.

Ker, Would you mind doing some of these charts and analysis in GBP. A lot of the people on this board are using GBP to buy rather than USD. http://stockcharts.com/h-sc/ui?s=$GOL...id=p64060619744 The chart looks a lot different in GBP, not half as bearish, it looks set for surge up again soon. In fact it looks much more positive in loads of currencies. It has recently hit new highs in UK Pound, Canadian Dollar, Rupee, Rand & Australian Dollar. Why the focus just on USD? Here's a collection of long term charts in those currencies.

http://arabianmoney.net/2008/11/13/saudi-a...d-in-two-weeks/ Saudi Arabia buys $3.5bn of gold in two weeks There has been an unprecedented surge in Saudi gold purchases in the past two weeks with over $3.5 billion being spent on the yellow metal, reported Gulf News citing local industry sources. Gold market expert Sami Al Mohna told the leading regional newspaper that this buying had substantially increased the gold reserves of the country: ‘Many Saudi investors see this as the right time for making investments in gold as the price is the most reasonable one at present’. He said gold was seen as a traditional safe haven at a time of global financial turmoil. Gulf regional stock markets have fallen very sharply since early October, leading to an exodus of cash which needs to find a safe haven. Gold is currently trading at prices similar to a year ago, and 30 per cent off its March peak. Saudi investors clearly think this is the right time to buy and are piling into gold. News about the Saudi gold rush is bound to fuel speculation about the alleged large physical gold transactions that have been taking place at prices will above the spot price set in the futures market. It is very unlikely that such a large hoard of physical gold could have been bought for the depressed current price. Market analysts such as the legendary gold bug Jim Sinclair have pointed out that if less than two thousand millionaires insisted on delivery of physical gold at the end of their futures contracts, as is their legal right, then the spot gold market would jump to new highs. Saudi Arabian investors have spotted a bargain, and it may be a much better one than they think.

$762.50 now, we appear to have broken the pennant to the upside. Is the short squeeze starting early?

Basically Jeffrey Christian, Founder of CPM Group, thinks silver will average $18 an ounce over the next 10 years. A bullish outlook for silver on the demand side and supply side. There has been enormous demand for physical silver and at the same time de-leveraging has caused the paper market to massively sell off. Physical silver is getting very hard to get, there are signs of increased people taking delivery off the comex market. The price should get up to $20-$24 and stay there, due to demand and lack of supply over the next few years. His reasons for being bullish on silver for next decade are; 1 - Investors are going to be very keen to hold silver for many years to come. They are going to want to add to their holdings not sell them. 2 - Industrial uses of silver are going to remain very strong and we are going to see new uses, including biocides, electronics and batteries, which will lead to a sharp increase in industrial demand. Fabrication demand should increase by 5% a year, even with the drop off in photographic use. 3 - Supply is price inelastic, the fall in base metal prices had lead to delays in production. Silver is mostly mined as a byproduct of copper, gold & zinc mines. With the fall in prices and the credit crunch the mines are being delayed, they just can't get finance. What has been biting on the down side can also bite on the upside, we should very large price spikes soon. Electricity is going to become the desired method of delivering energy over the next decade, which is very bullish for demand for silver. Over the late 80's and 90's the shortfall in supply of silver was being made up from existing silver inventories. We could see a liquidity squeeze in late november, which should case a spike up in prices, due to the short levels on the dec contracts. It is good to hear the fundamental reasons for being bullish on silver.

Interesting second hour on FSN Jeffrey Christian Founder, CPM Group The CPM Silver Long-Term Outlook: Supply, Demand, and Price, Ten-Year Projections

I am not sure that there is a "disparity between COMEX and physical prices". You can still buy physical from GoldMoney for spot + small commission.

I was looking through the report and came across the image below. It appears to say that it is very rare for Gold & Silver, also that it is very common for platinum.

$9.81 now, lets see where it ends the day....

Gold's New Records - James Turk 18/10/08 Gold closed this past week with new record highs against the Australian dollar, Canadian dollar, Indian rupee, South African rand and British pound. Here are gold's long-term charts against these currencies. Gold did not close this week with a new record high against the euro or the US dollar. But gold remains in a clear uptrend against both of these currencies, as we can see from the following long-term charts (the price of gold in Deutschemarks is used until it was subsumed into the euro). Importantly, the debasement of the dollar is becoming so profound as central banks create "unlimited" amounts, the gold cartel will no longer be able to stop the watchdog from barking by capping the gold price. I expect new record highs in gold against the dollar and the euro by the end of this year.

Like this guy; One of my favorites is from Dan Ascani, who wrote essentially about Professor Jastram’s very long-term study on gold, and he essentially states that Jastram studied four pronounced price deflations taking place. In all four deflations, operational wealth in the form of gold appreciated handsomely. When one sees that just by holding gold for 13 years, from 1920 to 1933 operational wealth would have increased 2½ times, one realizes that gold can be a valuable hedge in deflation—however, a poor one in inflation. See full article here.

We should be talking about how Gold & Silver will preform in a currency crisis, Bob Moriarty thinks one is due within 6-8 months. Bob Moriarty gives Al Korelin solutions for investors during this crisis. - 18/10/08

Gold Fields Ltd. (GFI) is looking quite good as well on value Price: $6.47 EPS: $0.64 P/E: 10.11 Div: $0.251 (3.75%) the majors appear to be being treated like juniors at the moment.

I was more thinking of gold valued in GBP-Gold chart rather than BV itself, sorry it was the only place I have for UK chart. It looks a lot more positive than the USD-Gold one to me. I know of the problems at BV, is GM having problems fulfilling orders as well?

Ker, I am wondering what you make of this chart?

This looks like it would tie in to the election date (18 days to go)

This from Jim Sinclair to clarify to what was aid on Silver yesterday; Silver will perform with gold. My concern is that after $1200 in gold, silver may not keep pace with gold due to its industrial demand component. That is 100% consistent with what I have said for years. What I said is absolutely true, but you give it too much of a bearish interpretation. I never in any way made a bearish prediction for silver. I said be realistic as markets move up as what I told you, in my opinion, is correct. All the best, Jim

Yeah it's a reverse of yesterday (silver up, gold down), just noise I think really don't think one day counts as decoupling.

Someone is fishing

Welcome. I use James Turk's goldmoney.com, you can buy silver at spot with a low commission charge. The commission is variable, it depends on the amount. Also if you have gold or silver held with goldmoney you can do a metal exchange, in which the commission is less. When you come to sell you get spot rate and no commission is applied.

We are all on the roller-coaster now, get used to it and pass the sickbag.

I am getting very tempted to do another exchange. What are your thoughts Steve? Gold/Silver ratio now 83.53