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Gatesy

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Posts posted by Gatesy

  1. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

     

    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)

     

  5. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Interesting video BTW. ( 12.190 tonnes gold + 487.611 tonnes silver stored by GM)

     

    = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

     

    G O L D M O N E Y A N N O U N C E M E N T

     

    Precious Metals Vault video in the Governance section

    -----------------------------------------------------

    Thanks to our storage partner, VIA MAT International, we are pleased to offer you a rare and exclusive look into a state-of-the-art high security precious metals vault. All of the gold and silver bars shown in this video are a part of the precious metals held by our customers in the vault.

     

     

    Kind regards,

    GoldMoney Relationship Management Team

     

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

  6. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Did anyone just see the BBC one show? Public phase?

     

     

    Gold ramping on the BBC. OMG :o

     

    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?

  9. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I'm going to sit and wait for my next (big-ish) purchase. I've got the dry powder for more but can't bring myself to buy at the moment into this strength.

     

    I've a large core position, so I am 'on the boat' before it sailed. I just would like to get a few recently-acquired items of luggage on board before the coast is out of sight. :)

     

    Ditto.

  10. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Are there any gold bugs on here?

     

    Today’s the Day for Gold Bugs

     

    November 6, 2009

     

    http://blogs.wikinvest.com/dailyangle/2009...-for-gold-bugs/

     

    "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 :D

  12. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I always get a little nervous when everyone is making the same call. Statistically, I wouldn't be surprised that if you made the opposite bet to the consensus you would come out on top.

     

    I am wondering if we could see the market flat and a bit to the downside here before we get a final rally up. Then in the fall we might finally see the big dip.

     

    Take with a heavy dose of salt of course.

     

    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?

  13. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    And you've plotted straight lines on a non-log chart.

     

    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?

     

     

    In short - I still feel this bouyant stock market may not fall much or at all from here, and could even gain further.

     

    So gold gains a quicker rate than any stock gains from now on?

  14. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    ZEAL Report: Silver/Gold Ratio

     

     

    In terms of putting my money where my mouth is im pretty much following marc fabers advice of using gold and silver (via goldmoney) as a savings account. Every month I buy what ever my left over GBP will get me. An imminent lump sum of cash will also be averaged in.

     

    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?

     

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    You think gold has 'topped' then? :rolleyes:

    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. :rolleyes:

     

     

  18. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I'll know when a mania has arrived when colleagues at work start talking about gold bullion. I've never heard ANYONE else I know mention gold ever.

     

    I'd be surprised if 1% of the population of my town own gold (real gold that is, not electronic gold or gold funds/shares).

     

    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.

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    In times of crisis, never forget the value of gold

    William Rees-Mogg : http://en.wikipedia.org/wiki/William_Rees-Mogg

    February 16, 2009

    http://www.timesonline.co.uk/tol/comment/c...icle5740620.ece

     

    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.

  21. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    That's not too bad. If we have many more days like we've had this week though the HMRC will be doing pretty well out of Gold too!

     

     

    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.

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