G0ldfinger

Posted on another thread:

This is so funny. Even older people don't know that they have to buy gold & silver. http://www.latimes.com/business/la-fi-indy...88.story?page=2

The Dow has no good start today, it seems.

Yes. And that's what some people don't get. Yes. And also, you better have people betting on gold than e.g. on oil or food. No one needs to eat gold or put it in their gas tanks. So, yes, they will let gold run into the stratosphere.

In fact, I think you're right. I had no time yet to update this chart. But I think the base is now $900-$950, and the next upsurge will be to the $1,200 area. The whole correction down from $1,000 turned out to be much weaker than many of us thought. (If the PPP doesn't through a last kitchen sink against gold soon.)

http://gold.approximity.com/gold_analysis.html

I don't own share for two reasons: (1) lazyness (no account yet), (2) lack of money. But I think shares should not be a substitute of a physical core holding. I think the worst case in silver will be that it performs as well as gold.

If it does not go over $1,000 before September, I'll be stocking up more, especially some silver while the ratio is above 50:1, or close.

Yes, and no. Food is still cheap here, but it's creeping up really. People really talk about it. And gas. Does anyone know by how much the gas price is lagging the crude spot price at the moment?

Good morning. Seems the insolvency of FannieMae and FreddieMac finally has an impact on gold.

I think we're seeing a potentially very explosive coiling pattern at the very right of the above chart. I think we could see a repeat of a pattern that appeared some time ago as hinted at in this chart here: See also the comment: http://gold.approximity.com/gold_analysis.html#F7

The key seems to be real interest rates. When they're low, gold rises. But it is then difficult to get gold slowing down again. Several articles out there on it. Google Adrian Ash, Head of Research at BullionVault.

THIS is going to explode.

Their heating and driving costs are going up too.

Just for lurkers, newbies to precious metals, or people who do not want to trade in options and want to have a more conservative portfolio: There is nothing wrong with having a portfolio of physical metal (no paper) in gold and silver only. While gold is a bigger market and moves less extremely, your silver percentage determines how much leverage you have (upwards as well as downwards). You do not need options/spreadbetting for leverage, silver might be enough for you. You can store physical metal in safety deposits, bury it in the backyard, or use services like BullionVault or GoldMoney. Once you have a proper core position in bullion, you can slowly start building up additional exposure by buying mining share etc. if you want to.

Darling wants to push more people over the PROPERTY CLIFF. This must be criminal!? Someone please do something. Call the police. http://www.telegraph.co.uk/money/main.jhtm...mortgage204.xml

You know it, Cuthbert.

Some people just don't get it. So, here we go again:

How can people be THAT stupid? £175,000 flat I bought last year is now worth less than £100,000: Owner's negative equity horror http://www.dailymail.co.uk/news/article-10...ity-horror.html

Hmm. Optimists!

Another one...

http://www.bloomberg.com/apps/news?pid=206...&refer=home Who put this retard on that board?

Silver has had enough and left the chart.