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Gatesy

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Posts posted by Gatesy

  1. http://kingworldnews.com/the-coming-financial-shockwave-and-one-of-the-most-ominous-graphs-ive-seen-in-my-50-year-career/

     

    The Coming Financial Shockwave And One Of The Most Ominous Graphs I’ve Seen In My 50-Year Career

     

    The common theme running through the above points is counterparty risk. The risks of default are without a doubt continuing to worsen, with the consequence that tangible assets are still the best place to be

     

    In this regard, this long-term chart is showing a very clear picture of the great prospects for silver, which I think is the most underpriced asset in the world.

    KWN-Turk-I-682015.jpg

    ..... this “cup and handle” pattern continues to develop.

    How many times will he redraw that chart with the handle drifting lower? This one from 2013 and I;m sure there are earlier ones with a shallower handle. I like JT but his price and timing calls are usually lowsy. Then again, I;ve got some silver so won;t be sad if he's right.

     

    Silver%2016%20Aug%202013.gif

  2. Just restructured one of my partner's ISA. Bought 100K shareS in HGM. Also bought Blackrock Gold. This ISA is with the Alliance Trust Savings so I was restricted to the UK market.

     

    Why HGM Joe? Has done a double since December...seems to be moving up nicely now.

  3. I did this 5 year chart quite quickly and in actual fact I think there are a few more pivot points to read into this chart with some more work. But it is quite amazing to me the apparent beauty of the Fibonacci numbers in this chart. Also consistent with the 144 day MA theory each time the price has moved up through it, it has gone on to meet the next Fib level up. So perhaps the 38.2% $30 range beckons (maybe with a bounce off $18 first.

     

     

    1310%20silver%20fib.png

  4. GEI has been more harmonious, and the task of our

    few remaining Mods has been easier

     

     

    That may be true but 90% of posts here now seem to be posted by conspiracy theorists. The content on activity in and the outlook for gold and silver markets is almost non-existent.

  5. Why do you think so?

     

    So it's trading at CA$14.41 currently.... Not a done deal or what? Opportunity to snap up a few more shares and then pick up an 8.2% ($1.19 per share) premium???

     

     

    At C$15.60 a share, the offer represents a 36 percent premium to Minefinders’ closing price on Jan. 20.
  6. Gold, Silver Gain After Reports That Iran Made First Nuclear Rod

     

    January 02, 2012, 1:01 PM EST

     

    Jan. 2 (Bloomberg) -- Gold and silver gained after reports that Iran produced its first nuclear fuel rod, spurring investors to buy the precious metal as a haven.

     

    http://www.businessweek.com/news/2012-01-02/gold-silver-gain-after-reports-that-iran-made-first-nuclear-rod.html

    Ridiculous : "Gold climbed to the highest level in a week".... newsworthy that.

  7. http://www.telegraph.co.uk/news/politics/8917077/Prepare-for-riots-in-euro-collapse-Foreign-Office-warns.html

     

    OK I get the feeling thy have decided to let the euro go. Why else would they let Italian yields get as ludicrous as 6.7% for three months.

     

    So I think there is going to be chaos soon. What's the consensus to the direction that pm's will take? Will the chaos cause them to soar as safe havens or will they be sold down for liquidity in a deflationary vortex only to go vertical in the ensuing printing frenzy? I have quite a chunk of fiat that I have just come into and want to convert to physical.

     

    I am doing a little bit of travelling into Europe for work these days, a couple of days at a time here and there. Maybe now is the time to politely decline such callings, and try to stay close to home/loved ones/provisions/stash ? :unsure:

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