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sossij

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Posts posted by sossij

  2. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Hi folks,

     

    I’ve been regularly buying both gold and silver bullion for a while and would now like to buy some junior mining companies. I'm UK based and my plan is to buy a modest amount of shares in a self select ISA but the companies I’m interested in are primarily listed on the Toronto stock exchange. Does anyone know of either 1) a self-select ISA that can trade on the Toronto Exchange or 2) a fund of mining juniors that can be bought in an ISA wrapper, e.g. via fidelity. My plan is to buy and hold a regular lump of shares each month so I’d like to keep purchase costs to a minimum, naturally :)

     

    Any pointers gratefully received.

     

  3. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Not sure that BV do silver . . .

     

    Correct. BullionVault do gold only (so far), Goldmoney does silver and gold. I found the setup for BV more straightfoward than GM. Also, the transaction costs with GM are higher too at ~5% but it is convenient if you want silver.

  4. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I played that game last night after silvers move up and I am regretting it at the moment, but must be patient as the point is to look for falls next week and buy back in...

     

    I'm glad I stayed put. I'm too much of a scaredy cat to trade. I hope you come out ok :)

  7. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    $925-odd is presenting a lot of resistance and we've only got 20 mins or so until the pre-market action starts. I've taken a tentative short at $925 (short-term - still long on core holdings) coming on although I might rapidly change my mind in a bit :-) I agree, it looks like being violent one way or another.

     

    Cheers Woody :) I've decided to sit tight. I'm no trader - a man's gotta know his limitations. Buying regularly and holding has done me no harm so far. I await the smackdown with interest :)

  8. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Technicals, fundamentals, and sentiment were all calling for yesterdays convincing break through 900, as I mentioned early yesterday. But even I was pleasantly surprised at how little fall back then followed, especially given the general stock markets collapse now taking place (which usually causes gold seeling, to cover margin calls)

     

    On todays US openning, I'd be surprised if something dramatic does not happen.

     

    But its a hard call whether that will be a big manipulated knockdown (since the PPT must feel they need to do something on this the last day of such a significant week), or whether the strength just shown by gold will inspire more confidence and bring more of that speculative wall of money thats out there to the table on the long side.

     

    Expect quite a battle, and my guess is it'll go up :-)

     

    Being the end of the month they may try to smash it back. BTW Eric King on FSNH was saying something about options being closed at the end of June so expect a drop at the beginning of July. I don't trade, just buy and hold but I wonder if selling, say, 10% today to buy back in a couple of weeks might be a bit of fun... I must say I'm tempted.

  9. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I met up for lunch with my old boss the other day. Through previous conversations in the last few months I had explained my learnings on impending plunging house prices, rising gold, silver, oil and commodities and the fiat money crisis. I couldn't believe it when over lunch he was saying within 6 months he thinks there'll be real bargain houses out there! Perhaps six years is my thought on that one, but this guy is otherwise quite shrewd, but people just can't seem to let it go/move on from an old mindset, which is now broken. Sometimes when you speak with like minded people on here for a while you think "everyone's getting it now" but lots of Joe Public are way behind the curve, even now....

     

    Agreed. I had similar conversation with a friend recently who has massively overleveraged himself on a big mortgage. Apparently the fundamentals (according to him) are in place for the housing market to recover and boom again next year. I sighed, bit my lip and poured another beer. I hadn't the heart to tell him if he avoids insolvency he will be paying that huge mortgage back until he retires... if then :( It's odd how peoples' perceptions are in line with what they want to happen rather than what actually does happen.

     

    Still gold is up which is good, which is nice :) I was hoping it would stay lower for a while longer so I could continue accumulating in the dip... so much for my wants! :D

  11. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Underlying it all (from my understanding).. yes there are the physical shipments and deliveries, but the speculations is in effect derivatives of the physicals movements (e.g. $ for x amount delivered in Sept).. therefore these sold and resold in the intervening period many times over.. also depend whether its options trading (e.g. you don’t have to excercise) or futures.. you do.

     

    Its just like other derivatives (e.g. analogy of a £1m house where 10 people insure it.. fine till it burns down)

     

    Have a look at Wiki Futures for some info

     

    Thanks matt, I'm afraid I still don't really understand... think I need to go and do some reading :) Cheers!

  12. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Good read, thanks matt. I'm a bit confused buy this part:

     

    Index Speculators have now stockpiled, via the futures market, the equivalent of 1.1 billion barrels of petroleum, effectively adding eight times as much oil to their own stockpile as the United States has added to the Strategic Petroleum Reserve over the last five years.

     

    If speculators in the futures market don't actually take physical delivery how can this be a stockpile as such? Surely the oil ultimately goes somewhere (and then burned)?

     

  13. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Excellent find - thanks Matt.

     

    To me this is hugely bullish.... it means the sell-off wasn't driven by fundamentals/technicals or anything the should, by rights, affect the PoG. Whether the rest of the market will see it that way remains to be seen.

     

    Excellent! Must grab some cheap gold :) BTW has anyone noticed that transfers to BullionVault happen within 24 hours these days :)

  18. The Solar Thread: Energy from the Sun

    in Green Energy's Sustainable Living

    Posted

    Interesting article from EETimes:

     

    Scientists at the University of Tel Aviv in Israel claim they have found a way to construct efficient photovoltaic cells costing at least a hundred times less than conventional silicon based devices, and with similar or better energy conversion efficiency.

     

    The reactive element in the researchers' patent pending device is genetically engineered proteins using photosynthesis for production of electrical energy.

     

    The scientists applied genetic engineering and nanotechnology for the construction of a hybrid nano -- bio, solid state device. According to the researchers, although using photosynthesis for photovoltaic application is not new, their specific technique is the first to enable the production of useful photosynthesis-based photovoltaic cells.

    .

    .

    .

    EETimes Europe has learned that Ramot will probably use the industrial facilities of solar energy specialist Millennium Electric T.O.U Ltd. (Raanana, Israel) for making prototype devices, including engineering of the prototype up scaling, automation of production and the integration of the university's photovoltaic cell with other components in the final device. Ramot aims to develop a cost effective device of 10mm X 10mm in size within three years.

     

    http://www.eetimes.com/news/latest/showArt...cleID=207403402

     

    Two orders of magnitude cheaper - interesting!

     

    Edit: to add link :)

  19. The Solar Thread: Energy from the Sun

    in Green Energy's Sustainable Living

    Posted

    KLA positioning into solar by acquiring Belgian photovoltaic wafer inspection company.

     

    KLA-Tencor to buy photovoltaic solar inspection specialist

     

    Already a leading supplier of inspection and metrology systems, the $465.8 million acquisition of Belgium-based ICOS Vision Systems signals an expansion for KLA-Tencor into the strong emerging markets of photovoltaic solar technologies and LED lighting products.

     

     

    KLA-Tencor Corp has made a $465.8 million (316.9 million Euros) offer for ICOS Vision Systems Corp NV, a Belgium-based maker of inspection equipment for semiconductor packaging and interconnect applications.

     

    Already a leading supplier of inspection and metrology systems, the acquisition signals an expansion for KLA-Tencor beyond its fab operations business base. The San Jose-based company pointed to ICOS’ strength in the inspection of photovoltaic solar technologies and LED lighting products, two strong emerging markets.

     

    http://www.edn.com/article/CA6534149.html

     

    KLA-Tencor:

    http://uk.finance.yahoo.com/q/bc?s=KLAC

  20. The Solar Thread: Energy from the Sun

    in Green Energy's Sustainable Living

    Posted

    Great thread this! I work in the semi-conductor supply industry and I don't know whether you might be interested in the activity of one of our main competitors (and largest SCS player) Applied Materials (AMAT) has been thinking re. solar:

     

    http://www.ft.com/cms/s/a707dfba-f9c5-11dc...dse%3D%26dsz%3D

    and

    http://search.ft.com/iai?referer=http%3A%2...5000333&x=0

     

    Both links require registration, sorry.

     

    http://uk.finance.yahoo.com/q?s=AMAT

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