Gatesy

Just trying to be right and sit tight.

Well, your post might make sense if there was ever an assumption that the above commentators or anyone on this board is just interested in trading. But obviously many don't want to trade. I have been following a little of the banter on your beating B&H and your above comment ultimately just illustrates your short term mentality vs others' long term holding/security mentality. Clearly comparing apples and pears.

I thought this was a great video, showing a majority if clueless joe publc.

Haven't got it in front of me cc but I'm sure you're silver report last year said something about if silver reaches 60% higher than 52 week MA then for goodness sake short it?

My neighbours currenty give me kilos of apples for free in the autumn to make chutney. They can't give em away to most people. Perhaps in the future they wil see a return to scrumping.. edit: by the way I didn't mean the urban dictionary's definition of scrumping which I had never heard of until just now! http://www.urbandictionary.com/define.php?term=scrumping&defid=581935

Anyone share the markets concerns with this news? (There may be no correlation with recent price action - see above post) http://www.prnewswire.com/news-releases/randy-smallwood-succeeds-peter-barnes-as-ceo-of-silver-wheaton-119673519.html

Interestingly Silver Wheaton has completely stopped responding to the hot metal itself, in fact quite the reverse.... http://www.google.co.uk/finance?q=TSE:SLW ps. maybe the market just doesn't like Randy Smallwood

Silver now trading 69% above it's 52 week MA ........ Some would say "short here". I've lightened up the ETF holdings and may well eat my words but having gone through 2008 the view I am now taking is stay in (physical) with a material portion of portfolio but hold some dry powder at these sort of moments.

G&s sharp drops doing serious damage to related stocks / juniors today. Thank goodness for cash on the sidelines. Come on markets do your worst.

From the Frizzer thread: [ramble] I was speaking to a very good friend of mine over the weekend who I consider a very intelligent individual, in fact even if I consider it so or not, he IS a very intelligent individual by virtue of his academic and indeed career (IT) track record. At 38 he is the same age as me and therefore of my generation having grown up with many of the same lower middle class cultural influences. Now I have applied for over a year now a self imposed ban on ever raising the subject of precious metal and related investing in conversation, and will only ever now even discuss it if someone directly asks me about my thoughts on where to be invested and I believe they are actually interested in a proper conversation rather than something they not really going to listen to. Well after a well lubricated afternoon in a London Bridge pub he asked the question, "how are those investments of yours doing these days?". We have discussed my views on gold, and silver, a few times before but he still maintains I have never convinced him of a single good reason for the case of gold ! So maybe in this particular instance I'm the problem , perhaps I can't articulate it, ( I was pretty hosed up!); but I don’t think so. Over the course of about another hour covered many of the fundamentals, supply and demand, past and future debt crises and the monetary response, the bull market technicals, long term cycles and trends and the historic facts of repeating ratios and trends, the psychology of markets, gold as money, 3000 years of history vs 70 years of fiat experiment and so on. And we discussed it all. And nothing seemingly can convince him. Yet he accepts I might be right on “rising gold prices” (which by the way I emplored him to see as falling fiat money values), but in a way that somone would accept there is a 50:50 chance of a coin coming up heads if you tossed it… And the over arching basis to his thinking seems to be that fiat moneys are the way to measure the value of assets and the sovereign economies those currencies mainly operate in. In other words I see the situation as him being massively culturally wedded to fiat monies and incapable of seeing a reality, which I have explained to him is my reality, where individuals should be far more comfortable measuring the real value of things in gold and silver ounces. On the other hand, 3 other people who before my self imposed ban and during (on request only) I had previously discussed PM’s with have unprompted mentioned how well gold had performed recently and how I was a “lucky ba**ard”. What I take from this is that I think some people will actually be more easily convinced than others by a record of “rising PM prices” and quite soon, but that it is in others the cultural complacency and blindness to the flaws of fiat currency that must be overturned by an epiphany before they will be convinced of the truth that is the devaluation of fiat currency, and for them it may sadly come too late. For me it wasn’t 7 years of “price rises” that made me buy metals just blindly jumping in; I do actually consider myself “lucky” that in 2007 I had the epiphany of what gold is and woke up from “the matrix” of the fiat system, as otherwise I could have been in that latter camp of those for which I think it will eventually be too late. I think $1500 / £1000 gold will be very important in terms of a sustained increased awareness amongst those who will respond to sustained “price rises” rather than truly understanding fiat devaluation. Yet I am fairly convinced we will have one major pullback soon before prices are above those levels permanently [/ramble]

Yeah fair play to those charts Pixel and GF

http://m.youtube.com/#/profile?desktop_uri...sters&gl=GB Episode 10 released this week. Genius and always funny, but somehow i knew he was going use the 'G' word when asked how the entrepreneur asked Alan to identify his most lucrative investment

Do you not use Goldmoney at all Schaub?

ps. another reason for considering lightening up was the too damn bullishness of everywhere I look at the moment, in silver and gold The Guardian's now permanent Gold section sandwiched as it is between Savings and Mortgages http://www.telegraph.co.uk/finance/persona...investing/gold/ , along with all the ramping from Back, Sachs and Cracks etc just gives me the heeby geebees !! Still a really healthy correction now would be great as far as I'm concerned, as I may not have lightened the load with existing holdings but I'm sure I will learn from '08 and look for any opportunity to utilise spare cash if bargain season comes presents itself again. So much of this is about fighting the fear and greed bedfellows.

Fair play learner. I was trying to get myself into selling mode today but just couldn't do it (juniors too). Something was stopping me despite seeing the 1.5x 200DMA signal clear as day. I think your 'practicing' for the final top is in some ways quite a neat strategy; but I think you will have to look deeper to understand whether for the real 'end game' you would want to sell at all... If there is a genuine collapse in fiat then surely having sold prior to the real moon shot and a collapse of your chosen paper currency would render your years of foresight, and holding tight, worthless if indeed a hyper inflation were to take hold. Just thoughts really, but I suppose if selling is a realistic objective, which I think you are right it has to be, you need to be nimble at flipping over into another hard asset (houses perhaps?) to ensure your hard work does not go to waste.

"Silver found on Moon" reason for sharp falls in price.....

I am waiting for that and when there is one on pretty much every night, with repeats on Dave, then I will probably swap for other assets.

Right on.

Some sweet moves in the junior stocks today, against the general sharp downward trend on US stocks.

How sad, no message seems to have been posted on Zapata's site . Did always strike me as a strange little fella but well meaning. I wonder what his subscribers do now, not that I am one.

The site isn't the only thing they've redesigned in recent months; the podcasts are a mess.

Also

Not sure if this has been posted.

edit: Probably rise, sell the rumour, buy the news

I am already 'up to me guts' in the yellow stuff so am certainly biased but I like that paragraph above.