G0ldfinger

Jive Dadson posted this on GIM. Sort of cracked me up too. Maybe Nadler has something to say too?

I think he said this during a Bloomberg interview recently. I remember it too.

Pixel8r, you're going to like this here: http://gold.approximity.com/gold-silver_watch.html

That seems artificial. I would rather try to separate short-term/instant gratification thinking from long-term thinking.

If you want to understand the situation in gold, read this little article. Somali pirates = gold Cartel, commercial shorts French marine = China, physical buyers http://www.wect.com/Global/story.asp?S=11271385

Welcome to the club!

Sinclair was asked by Volcker to sort out the Hunts' mess after it had collapsed IIRC. Yes. I do not expect to call perfectly a peak at all. All I want to achieve is to ride the "obvious" part up. In silver back then, I'd say 20:1, when silver was $30 and gold was $600, should have been a major exit signal for anyone being in it at the time. So, let's keep this in mind.

Not silly. There are no certain answers anyway. What I do is, I believe in long term cycles that swing from one extreme to another, around an equilibrium. Such a cycle is houses measured in real money, i.e. gold. The following chart gives you an idea of what's going on (the chart is not-up-to date): See also: http://gold.approximity.com/gold_charts.html For an up-to-date ratio go to: http://gold.approximity.com/since1968/UK_H...es_in_Gold.html I see no reason why houses should not go below 130,000 pounds on average over the short- to mid-term. BTW, see also my signature for exit-signal considerations.

GOM, here is a close up of this period for you. Also note: the silver price was over $30 Dollar for at least 2.5 months or so. Enough time to sell IMHO. http://gold.approximity.com/1979-1980/Silver_USD.html For many other charts from these two years: http://gold.approximity.com/1979-1980/

One day Ted Butler will be right! (That day, I am going to make a very serious profit.)

I once bought a bigger silver stake at over EUR 11/oz. That turned out as a mid-term mistake too, you could say. I wouldn't short it, though. I have a long-only strategy. Some years from here, there might be a time to sell silver. I will then simply go long something else (stocks, property, currencies). If you got this short right in the end, you'll certainly earned the profits!

Mean thing to ask, but how is Frizzer's silver short doing?

Silver's had enough and decided to leave the chart.

Saudi Arabia has just denied everything.

Plain stupidity. The smart money has bought gold years ago.

Can you prove this claim? Because otherwise, I just see here a little move towards the equilibrium based on fundamentals.

No (at least not much). It's simply undervalued. The price could easily be $5,000 - $12,000 (with no further money printing).

Still making new records: $1042.37

http://gold.approximity.com/since1968/Silver_USD.html

Fair enough. I guess I just don't like the trading/negative gold headlines, because IMO they put people at risk. Maybe this forum really needs a better investors/traders divide?

Fair enough.

This is not correct. http://en.wikipedia.org/wiki/Gold_as_an_investment

Let's hope that all these American grannies who read this forum and who are waiting for your $900 price target and Bubbs general deflationary downturn have not TRADED in all their gold at $950.* * I hear some grannies sold at $700 and they are now waiting for $200/oz, because they read Prechter, Ker and RB.

It's either going to break here, or off to da moon.

Why is the gold thread suddenly a gold trading thread ONLY?? I don't want to trade gold. If I wanted to trade, I would only trade Poople or Micropoop, for cr@p's sake. And why is the undertone/-title ONLY bearish again? Can we at least let the thread title be NEUTRAL? (This is too much for me so early in the morning with a head cold lingering!)