gwizzie

That is US inventories, you would need to compare this to every other consuming country's inventories. The US are consuming less, there can be little doubt, but is this drop in consumption being offset by emerging countries increase?

920.9 is exactly the 76.4% level

Really want spot to push through 926 today and then..... crap...hang on lads!!

Sorry for the lateness but i dont think the lone ranger would like that............. ..........ok i get me coat on the way out

I was about to say ah crap my wee kitco doo-dah has broken. Does this work for anyone else?

It doesnt include the £ or $ Its a currency based on resources (i.e gold and a basket of other "stuff")

Well what do you expect? he's looking for bullish signals in a downtrend. Would failure to achieve these signals not indicate a bearish market? If this current move goes to test "bubbs bottom™", it could indicate a H & S with a drooping shoulder. The result of which could be quite severe

I like the fact the price is showing some respect to the fib level. Could be good support

This is the level Tim Wood and comrades have been suggesting too. His record is pretty good but do you think this level is attainable i.e. Will opec/ saudis / Russia allow it to drop below $90?

850 holding well so far under a lot of pressure, needs to hold until tomorrow. Fridays are usually green

Sorry to follow the mighty DC with this...i have been humming this since yesterday and only realised why I make the next milestone 922.75 as i speak........smack!!!!!!!!!!!!

Someone coined the phrase "dragflation" I cant recall where i read it but it seemed to make sense at the time edit: found it here I have read so much stuff over the past while that i think i am at the same place before i started reading

shooting fish mate! take your pick, they have been raped and pilaged over the past while. edit: oh...and stay away from aim. Its a joke

mmm...i would have expected oil to shoot up more if this was the case this move in gold has ignored every point of resistance so far.... What is the point looking at a chart!!!!

goldman + morgan?

leveraged silver is i'm afraid I have natural gas which i only bought on the 3rd! I assumed it was part of the energy and backed by shell, its only when something like this happens that you learn to look for the small details

jesus theres 2 of them now

having another go @838.5 Dang......

The big one would suggest a move to circa $200....it couldn't... The wee inverted one is the one i have been watching after bubb called the bottom

I have 838.25 (close of 21st aug) as the next barrier assuming we are going to linger around these levels

The force is with you lately B... I was going to post around 2.30 how surprised i was that gold was rather lythargic today.... Could this be short covering?

what follows here is someones concern with dealing with bullionvault. I think this is very informative and kudos to BV for responding. Lemain - 16 Sep'08 - 12:28 - 47181 of 47253 Re BullionVault - can anyone show me, in BV's published information, that a gram of gold exists, at all times, in the allocated name of the client, for every gram of gold notionally in the client's account? It is implied, but the wording that I have seen is far from clear. Furthermore, can anyone show me where it states categorically that this gold is held in the vault chosen (London, NY or Zurich)? I may well be wrong - indeed I have no firm evidence to support my argument - but I suspect that much of BVs instantaneous gold is not actually in its vaults and allocated to a specific client. I tried to get this sorted out on this thread, in public, with the CEO of BV over a year ago and those of you who listened will recall the discussion. No doubt the conversation is still on the thread and you can find it. If some of BVs gold is paper gold then one hopes that the entire scheme is fully insured but the truth is that the gold market is unbelievably narcissistic - things will have to change and will change, for sure. maximoney1 - 16 Sep'08 - 12:50 - 47182 of 47253 If 1 gram of b/v gold is 'paper gold' then it is blatant fraud. There whole structure is based around the 'storage of physical gold'....imo. You do have the option to take physical delivery subject to fabrication costs to produce the smaller bars. seems clear to me...., Direct access to the very best prices BullionVault.com changes all this. It enables people from all over the world to own professional market gold and keep it in any quantity in officially recognized bullion vaults in London (UK), New York (USA), or Zurich (Switzerland). All BullionVault gold is held in Good Delivery form. So when you come to sell, your buyer is able to trust the purity and weight of your gold, which is guaranteed by BullionVault itself because we know that you never had the chance to corrupt it. So the dealing spread is typically 0.4%, about one-tenth of the equivalent cost charged to private customers for gold coins and small bars. You can buy just a small portion of a 400-ounce bar. You can trade on-line in increments as small as 1 gram - currently about $20. BullionVault is not a unit trust / mutual. There is no 5% front end subscription load. When buying gold you pay a commission whose maximum rate is 0.8%, falling progressively when you invest above $30,000 to the spectacularly low rate of 0.02%. Storage charges are down to wholesale rates of 0.12% pa ($4 per month minimum) with insurance included. That's less than a tenth of the storage fees charged by retail banks, and less than one-third the annual fees charged by typical exchange-traded gold funds (ETFs). BullionVault customers also save money because they deal directly with each other, willing seller to willing buyer, by using our order board. You make a further big saving at settlement time too. You don't have to arrange for expensive armoured courier bullion collections. Your safety & security assured For as long as you own it your gold remains your outright property, stored in specialist facilities reserved exclusively for BullionVault clients and run by accredited professional vault operators who are wholly independent of BullionVault. You choose the storage location :- London, New York or Zurich. You are truly isolated from the systemic risks in the financial system. You have taken legal delivery of your gold and you own it directly in physical form. Unlike the huge majority of investment products no company's financial failure can deprive you of this gold. Lloyds, Via Mat and BullionVault could all fail - and your gold is still safely yours. Each and every working day BullionVault publishes on the internet the complete register of all its gold owners - with each owner listed under a public nickname known only to themselves. This register reconciles exactly to the official bar list published with it. The bar list is produced by the vault operator, independently of BullionVault. No other custody business in the world subjects its records to this continual, daily, public scrutiny. BullionVault is also the only gold market in the world which stays open 24 hours a day, 7 days* a week. Because you and all other BullionVault users have a right to sell whole bars directly onto the main market - one of the deepest capital markets in the world - you'll always find a buyer paying a fair price when you want to sell. You even have the right to withdraw gold from the vault, although the huge majority of BullionVault users leave their gold right where it is. That way they continue to enjoy the benefits of owning Good Delivery gold which - remember - does not leave the professional vaulting circuit. (There may be additional fees, taxes and reporting obligations for bullion withdrawal.) Any purchase you make is settled instantaneously - we checked the seller had sufficient gold in your chosen vault before it was sold to you. Any sale you make is settled instantaneously too - again we checked the buyer had deposited sufficient money before your gold was bought from you. BullionVault offers nobody credit, so nobody can let you down after you deal. You can withdraw your money immediately after you sell. Your money will leave your BullionVault client account by the end of the next business day (London time). There is no minimum period for investing. For your safety - and to obey international anti-money laundering laws - your money is sent straight back to your original funding bank account. Money transmissions to your original funding bank account are fast, safe and low-cost.** And we make sure you can't make an expensive mistake either. You won't be able to buy more gold than you can pay for, or deal at a silly price. Firstly that's because the system eliminates all of these obvious user errors, but it's also because we invite you to phone us, and we'll talk you through your first deal one button at a time. We check that everything is exactly as you want it while you're still on the phone. You'll be amazed how simple it is. Lemain - 16 Sep'08 - 13:53 - 47208 of 47254 maxi - You can't own something "outright" is you are sharing it. You can't own 2, Arcacia Avenue, Bromley, Kent "outright" if 10,000 people also "own" part of it. At the very best, you own a share of something but nothing "outright". Furthermore, if someone is storing it then there is always a contingent liability for storage and insurance costs. For example, if the operating company has failed to pay the storage fees for ages then the storer will presumably reserve the right to charge the "owners" for the unpaid fees? This, to my mind, makes a nonsense of the puff that BV publish. More worryingly, have you seen a copy of the Galmarley Limited (owners of BullionVault) full set of audited accounts? Who are the auditors? Were there any notes to the accounts? When I tried, I was told go get stuffed, or words to that effect. adrianash - 16 Sep'08 - 16:54 - 47243 of 47254 RE: BullionVault Dear Lemain, If our service doesn't interest you, fine. But please beware of libelling us to other users of AdvFn. Full accounts for Galmarley Ltd – trading solely as BullionVault – are audited by Albert Goodman. That information is published both on our website and in the audited accounts filed at Companies House (company number 4943684). http://www.bullionvault.com/help/?FAQs/FAQs_safety.html http://www.companieshouse.gov.uk/ It would cost you £1 to download a set of accounts; it's free to visit our site. Type "BullionVault accountants" into Google, in fact, and click on the very first result. You'll find that Albert Goodman, based in Taunton, also publish a thorough report about our Daily Audit on their own website – a space we could not possibly hope to control: http://www.albertgoodman.co.uk/bullionvault/ This Daily Audit is unique in the custody business, and it's available free to all visitors. It shows that the quantity of allocated gold bullion held for our customers by ViaMat International – the privately-owned Swiss storage company we employ in London, New York and Zurich – matches the sum total of customer holdings down to the very last gram. You can view and scrutinise this information without registering or logging in. Each customer's holding is listed against an anonymous "nickname" known only to themselves. Anyone can access the data, see how much a particular customer owns, and then check the sum totals against the Bar Lists issued to us by ViaMat. http://www.bullionvault.com/audit.do You'll also see any outstanding cash balances, held in the client account at Lloyds TSB and regularly valued above US$5 million. So, that's now details of our accountants...the privately-owned secure storage firm we use, based in Switzerland...and our sizeable corporate relationship with the UK's fifth-largest bank. Oh, and we're now full members of the London Bullion Market Association (LBMA). Just last weekend we featured in the business section of the Sunday Times. Sound like we're trying to hide anything from you or our customers? Best wishes, Adrian Ash Research, BullionVault

I listened...he's quite funny. That was done in 1984 BTW

Can someone explain: This..... And This??????????