G0ldfinger

That's sooo cool!

I pretty much agree with this. But the important thing is that the deflation will be in overleveraged asset markets like general stocks and property (bought on debt), while there will be no deflation but rather the opposite in all things food and energy (bought with cash; see also Largely Ignorant's statement). After that second shock wave, we might go hyper. I don't think there will be much of a downward move in gold (not to $200 ) during the second shock wave.

It had totally escaped my attention that this major project had gone down the toilet. http://edinburghnews.scotsman.com/topstori...-out.5562746.jp

A little birdie has told me that Approximity will update these charts regularly from now on. http://gold.approximity.com/gold-silver_watch.html

There is a short term top every single hour during normal trading times.

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This is a major misunderstanding, because they have to work hard and need technological resources, human resources and energy resources to get this stuff out of the ground. Gold is not digitally created on a computer.

http://www.bloomberg.com/apps/news?pid=206...id=a1B_ZBQfii8Q

+1. +1.

The problem is that when that CGT arrives in Zimbabwe's government coffers, you can't even buy a sheet of used toilet paper from it anymore.

It's possibly of theoretical interest, but the government wants exactly this: devalue the currency and at the same time make you pay for keeping up with inflation. Win-win for the government.

It could come to a bimetallic standard anyway. In general, if gold was reintroduced as the global currency, my guess would be that the price of silver would become less volatile. If China wants to surprise everyone, they'll give silver a much more prominent role in their currency strategy.

Ah, Hendry. So how are his forecasts doing (besides the gold $600)?

http://www.birminghampost.net/comment/post...65233-24703455/

Wouldn't have thought so. Interesting!

London PM Fixing has confirmed the $1015 level. That's physical immediately deliverable gold. Let's see if the paper gold banksters will be able to achieve something today.

Simple short squeeze triggered by a major delivery at strong prices could be enough IMO.

People fear what they don't know, don't understand. Most people don't own/know gold, and they certainly don't understand it. They also don't understand paper money, but at least they own it and use it (without any questions asked!) every day.

Everytime I purchased from them they were 100% reliable.

I would put it like this: the current set-up (with the huge short position) looks as if a similar spike (short squeeze) as in 1980 could be possible at some stage. Even if it won't happen, silver traded a long time at levels above 10 pounds, and the silver situation looks more bullish now then back then since the stuff gets used up in industrial applications. On top of that, I don't entirely believe the RPI numbers. Just look at what houses did over the same period.

I did that on Easter. Was fun.

Maybe this here helps with your decisions. http://gold.approximity.com/since1968/Silv...BP_RPI-adj.html

35, RH, 35. Or you might want to hold it all the way up to the 20-10 range.

Morons. Especially the Old(ie) f@rt.