Gatesy

Hi All, Things certainly getting interesting again out there, and thank god for the sensible comments and links coming back to prominence here. A couple of months back it was more like a kids playground... I am still materially exposed to junior miners at this time. What are the views on the impact on them in a US/global bond crisis? Is it worth selling some now to come back in after an initial stock correction/crash? A got hit on the miners by the 08 corrections pretty badly, but held, and despite a very strong bounce back am still only just approaching the levels of my initial investment. Price action in a number of the stocks has been particularly strong in the last couple of days (GCU jumping nearly 100% on Tuesday before falling back a little) but I'm not sure whether this will be sustained strength or a mini blow off top?? Any fellow holders out there with an opinion? (or non holders for that matter)

A key crossroads for gold.

Oh, OK hadn't spotted that.

I own some U but still down 27% from when i bought it in 08, but my Cameco is now within 20% of my buy price. However, I like the fact that this thread has had only 83 hits in 3 days Certainly not pulling in the crowds currently.

I didn't like the bit where they had the door open ! Quick close it again !!

Was it "blink and you miss it" ? I just had a quick look on iPlayer and skipping through didn't see anything. I can't bring myself to sit through such banal crap to find it to be honest, unless you know what time that piece was on?

Tyhee up 30% in one afternoon. Bet JP is happy it's starting to move. 19.5c a price not seen since Sep 2008.

I'm wondering when the next heist will happen....

Ditto.

"Giffen Good" anyone? http://en.wikipedia.org/wiki/Giffen_good In economics and consumer theory, a Giffen good is one which people consume buy more of as price rises, violating the law of demand. In normal situations, as the price of such a good rises, the substitution effect causes people to purchase less of it and more of substitute goods. In the Giffen good situation, cheaper close substitutes are not available. Because of the lack of substitutes, the income effect dominates, leading people to buy more of the good, even as its price rises

An oxymoron if ever I saw one. Assets that are unproductive are not assets. An investment either generates future economic benefit , or it doesn't.

I'm keen to keep watching the COT stats, with particular reference to Frizzer's call re a low in long commercial positions. Anyone know how to track this daily?

It's a long time since I did my GCSE maths. Can someone explain why the log versions make more sense and why straight lines on a non log chart may be invalid? So gold gains a quicker rate than any stock gains from now on?

Keep meaning to look at averaging into GM (I already have a core holding). Do they now allow Direct Debits from the Uk or do you have to go through the painful clearing / waiting process every month?

Er, no. What I was trying to point out was that I don't think gold has topped. I was comparing the current situation in the 'mass market' for gold (such as I don't think really exists) with the property market at it's top, not the gold market's top. ie. At the top of the property market the media and papers were flooded with organisations (builders, estate agents etc) selling to the market (cashing in), not buying from the market. A second wave of smart investors (and I would classify the gold party organisers buying up gold from willing punters as such, if not as early smart money) has appeared to buy up gold as they obviously think it's value will rise. I do think this is a clear sign of market development. When there is a flood of gold sellers, selling to the willing mass punters, not from them, as with property at the height, then that to me may be a sign of an impending top. Hope that's sort of clear, as it's been rather a long week , again and these forums are not the easiest place to articulate your thoughts at times.

Was property porn on TV suggesting you buy or sell houses at the top?

I've said it before and I'll say it again: When the mainstream is encouraging people to BUY gold not sell it that may be the time to sell.

Agreed. It's easy to think others are all in the know when you seek out others who are, well, all in the know... But I agree, If (and I have really tried to stop even doing it now) I talk about gold people just say, well, yeah but if I buy a house on 1.5% interest and rent it out for ,,,la, la, la,,,. The majority still have no idea.

I've seen a few ads in the papers as well. I'll be more worried (as an impending top) when people are buying en masse though rather than being asked to sell....

Others may have commented and I am a few days behind here, but this is convincing evidence that the 'middle' classes will soon 'get it' and pile in IMO. What I mean is articles like this in the Times from someone of Moggs influence are key yo bolstering support in UK buying.

Ahh.. hem, if keeping shtum is not your bag the you could sell as you approach the CGT limited, and buy back 30(?) days later, spreadbetting in between to hedge your lack of holding.

It was the belfast boy himself was it not, who said "I've spent most of my money on booze and women, the rest I just wasted..."

Oh yes, my mistake, read it too quickly !

No need, you own the metal, ultimate insurance.

You can't say JP hasn't been busy ! I didn't realise you got a preview on I Tunes.