wren

is there a GEI thread on that somewhere?

He started a thread on Agri-stocks (in the Members Only subforum):

http://www.greenenergyinvestors.com/index....ic=8325&hl=

Hi all, new to the forum,most excellent threads. I really like the silver story over gold but agree on the volatility. I think the combination of inevitable industrial demand and the short squeeze potential that silver could explode through the old highs of $50 over a period of time.

 

I listened to an interview on Kitco last week with David Bensimon who predicted $160 silver by 2014. Not sure if it has been posted here but if it hasn't let me know and I can dig it up. Same guy called for oil to $130 when it was like $30 or somewhere abouts.

Welcome to GEI, chipshot.

I am also very bullish about silver long-term. I had not heard of Bensimon before. If you have a link to his interview that would be interesting.

Even in today's dollars I think over 100 US dollars is very possible, perhaps in a few years. Silver is just so useful and thereby precious.

http://blogs.telegraph.co.uk/finance/ambro...lization-shift/

 

China, gold, and the civilization shift

 

So far, China has just 1.7pc of its reserves in gold, or 34m troy ounces. I was told by a top Chinese official that they are buying on the dips so as not to crowd out the market

Jim Sinclair talked of a "Swiss stair" when governments accumulate. I don't know where the term comes from but the gold behaviour over the last several weeks has been like that.

For a population of 1 300 million 34m ounces of central bank gold is peanuts.

There was a thread on gold conspiracies a while back, but I can't find it.

 

Can anyone post a link to it?

 

Thanks in advance.

This one?

http://www.greenenergyinvestors.com/index....ic=8163&hl=

OMG

 

This should be clased as ethnic cleansing. Where are all the good men?

Apparently half of Latvia's hospitals have been closed.

A new euro all-time high: 793.60

Eyeballing the BV charts it looks like new all-time highs also in GBP, JPY, CAD and CHF.

Bob Chapman just an hour ago - Very important information!

 

http://www.discountgoldandsilvertrading.net/Radio_Show.htm

 

scroll down to wednesday.

 

Just from source...New Tarp rules 1/1/2010

 

2035 banks in danger of collapse!

 

I wonder what this will do to Gold/Silver.

Scary!

Everybody should listen to this. Direct link to mp3 page:

http://libertyarchives.com/farlive/FS2_WED.MP3

I am as nervous as I am excited about gold. I can't believe how high the price has gone.

Now that we're well over 1000, give or take 100 doesn't seem like such a big deal any more.

1192.20 at the mo'.

Miners: We're running out of gold

Good for the gold price but maybe not so good for some of the miners?

I wonder if more marginal companies will struggle to produce profitably as the available ores decline in quality?

Thanks to Pixel8r for keeping us up to date with some of the better and more interesting gold articles.

USD 1189.90

EUR 785.93 (must be close to the all-time euro high)

Pushing up in after-hours trading.

USD 1200 beckons. Will it correct before then?

Dollar down against the euro.

USD 1.5143 = 1 euro

I don't understand this. Where has the extra Gold come from? Just because the price has increased, and perhaps is owed by different people, the volume of Gold hasn't. Has gold really been flowing into NYC for the last few years?

 

Is it being moved to the far east for safekeeping, perhaps? HSBC has a very big presence in the far east.

One of the reports said that HSBC inherited the gold storage business when it took over Republic Bank and now they are getting out of that business. So no surprise if the holdings need to be moved.

See: http://www.Tinyurl.com/EuroFalls

 

If you read the postings, you will see how what might be a great call was ignored and sometimes rubbished

Link doesn't work. It seemed quite a plausible call to me.

Error: Unable to find site's URL to redirect to.

Up to 1160.80.

This is going to be exciting. Can they take it down?

I agree there! Good work Pix. Saves me loads of time reading through Kitco, FS, and all the rest. Keep it up! One word of caution is Adrian Ash (BV) saying that they weren't selling gold to private investors recently. Basically he was reading same as Nadler. So we all need to be cautious. IMO...

Any link?

That would tie in with BV's holdings remaining static at 18 tonnes the last few months.

It wouldn't surprise me if Joe Investor has either been scared by the behaviour of the gold market over the last year or is more interested in other things at the mo' like stock markets.

Interestingly the holdings at BullionVault seem to have remained at 18 tonnes for several months.

Maybe the 18-month long correction/sideways movement tempered demand?

More about Paulson's new fund.

Paulson's golden investors have to commit $10 million

Fri Nov 20, 2009 4:49pm EST

 

By Svea Herbst-Bayliss

 

BOSTON (Reuters) - Investors tempted to put money into star hedge fund manager John Paulson's new gold portfolio will have to commit at least $10 million and leave the money locked up for at least one year, according to a prospectus.

 

In return, Paulson & Co, one of the world's biggest and most successful hedge fund firms, says it can deliver returns that top gold prices, at a time analysts are betting that rising demand will make the metal even pricier.

 

Since founding his New York-based firm in 1994, Paulson has concentrated mostly on merger deals and the credit market. A bet that housing prices could fall on a national level famously earned him roughly $3 billion in 2007.

 

Now, Paulson is making a concentrated bet on miners and other bullion-related investments because central banks are buying gold and he expects prices to keep rising as demand outpaces supply.

 

Gold prices reached an all-time high of $1152.85 an ounce this week.

 

Paulson has hired two gold industry experts: Victor Flores, HSBC's former senior gold mining analyst, and John Reade, a former senior metals strategist at UBS. Reade had originally planned to join Credit Suisse.

 

<snip>

 

Paulson's prospectus quotes William Poole, the former president of the St. Louis Fed, as saying "We are very vulnerable to an inflation explosion."

 

While Paulson's portfolios have long been winners, some potential investors expressed concern that the portfolio could be volatile and fall fast if gold prices retreat.

http://www.reuters.com/article/businessNew...ews&sp=true

What does everyone think of these new Russian coins then?

 

 

7.78 gramm 999/1000.

Stylish. Is that a horseman and dragon motif like George and the dragon? I like the double-headed eagle also.

Almost halfway now, $1350 by March.

 

Great chart. Nice to see the upper red target line.

Gold Contrarians Will Get Killed

by Jordan Roy-Byrne, CMT, Trendsman.com | November 20, 2009

 

Does it look like the Gold market is anywhere remotely close to a bubble? Apparently, the bubble callers and crowded trade folks haven’t done their research. Doesn’t look crowded to me.

 

Even if a few more people own gold, my bet is that they don’t own enough of it. Gold is under-owned. John Paulson, the great hedge fund manager is pretty bullish on Gold, but he doesn’t own much more than 10% in his fund. (Perhaps that is why he’s starting a Gold fund). Dennis Gartman, I believe only owns around 5% (He’s said so on television). Months ago, Steve Leuthold was on Bloomberg and he was bullish on Gold but said he only owned 1-2%. A time ago, most folks would have 10% of their worth in Gold, whether it was in a bull market or not. Most people who own gold investments, don’t own enough.

 

Moving along, it is important to understand the technical ramifications of Gold’s move past $1000/oz. A market that breaks free from a multi-decade base is a market that shoots much much higher. There are numerous examples of this but we’ll discuss only two.

http://www.financialsense.com/fsu/editoria.../2009/1120.html

The EUR and GBP charts of silver display an inverted head and shoulders analagous to the USD gold one.

I wonder if these will follow through in the same way. GBP silver is still slightly below its March '08 all-time high while EUR silver recently broke its old March '08 high.

If they do blast off from an inverted H&S pattern it could be pretty spectacular.

Another great day for both gold and silver.

In these 2 very volatile markets corrections come along fairly frequently especially after fast up moves like this.

Anybody willing to stick their neck and call for a sizable correction soon?

I certainly see 1000 again as possible but the 18 months consolidation has stored up a great deal of energy for this upthrust. It seems so far to be behaving as Pixel8r's lines imply like to the 2 previous massive upthrusts in '04-'05 and '07-'08.

It wouldn't surprise me if it gets to 1250 or even 1350 with only some minor breathers.

More lengthy and substantial corrections/sideways behaviour may only come after the energy of this upthrust is fizzled out at fairly higher levels like 1250.

Now that gold is well over 1000 ups and downs of 50 or a 100 don't seem so big as before.

It looks like a new goldmine will open in Scotland:

Scotland's first goldmine offers villagers a glittering prospect

 

Scotgold bought the old mine in 2007, just as prices began to rise. The company had estimated that it needed a price of around $650 per ounce to have a viable business, but with the recession pushing the price to $1,113 it now has the prospect of reaping untold riches.

http://www.timesonline.co.uk/tol/news/uk/s...icle6913206.ece

Yes, the GDXJ does have naughty potential - somewhat flawed... Still, I wouldn't disregard it totally on that report.

 

People could just do their own version of it by, say, picking 10 of it's listed stocks and investing directly. Some of the 'bigger' juniors may have US and CAD listings - if that makes things easier for people re. their brokers.

 

Doubt I'll bother as got most of em anyways...

 

Bubb should do one!

Could buying an ETF instead of 10 different stocks save on transaction fees?

Just that I would like to buy a well managed basket of stocks, but if it involves extra risky derivatives I'm not so sure.

Let's face it real juniors are high risk anyway. Why add more risk?

Be careful Wren...

Thanks for pointing that out.

Why don't they just buy company stocks?