Bobsta

I took the opportunity to top up. That'll be the kiss of death.

The irony is that as gold strengthens (in USD) the USD is also strengthening!

Is Gold still playing that "Anti-Dow" trick? ... It shot up just as the Dow shot down. Part of me wants to "do an Azazel" ... I smell a smackdown (either market or PPT-induced) around the corner. But then again, it could be an "it's different this time" moment. Where's Ker when you need him?!

If 2kg was 1/20th of your holding then... OMG... fair play to you sir!

If Sterling and the USD devalue to that extent, many people who sold their house (or chose not to buy one) and went with the "10% in PMs" advice will lose out massively. 10% just isn't enough to combat that sort of hyperinflation. And, whilst it pains me to say it, property will fare much better than paper in such a scenario.

If you're like me and generally out and about most days, you may be keen to keep up-to-speed on how G&S are doing using your mobile. I tend to have a load of different bookmarks on my BlackBerry and iPhone to achieve this, but it's quite messy. For a while I've wanted to move away from this and just have a SINGLE "dashboard" type URL that I could use to see what's going on with the price of Gold and Silver. I couldn't find anything out there that worked, so I've hacked together a page that displays images from Kitco and Silverprice/Goldprice - I've put it here: http://bobsta.com/pm/ It renders nicely on my BlackBerry and iPhone and at least some of the charts should work well on most phones - so I thought I might as well let you folk know so that you can use it if you want. I've placed a link at the bottom of the page to this thread in "Lo-Fi" and "Full Fat" modes. Each month when the thread changes I'll make an effort to change the link. If anyone knows of any better portal-like sites please let me know... or if you'd like me to customize the page to add in charts for other PMs then I'd be happy to (or put together other custom ones). Feel free to use and abuse (or not). All input/suggestions welcomed.

The Market had a 1% cut priced in and didn't get it? - or - (more likely IMO) The cut makes the UK more investable (apparently) so folks buy GBP (or stop selling it quite so fast) to invest in UK stocks.

And probably AUD, NZD, GBP, NOK, and various other currencies that aren't as strong now as they were in March. I guess we'll see if that's a psychological resistance level for those markets.

I just hope Ker was able to get in around $840-$860 as he suggested last night. If he's missed the move up it'll be gutting.

Bump... there goes Silver... will Gold follow?

Anyone who's even mildly impressed with Gold's move in USD today really out to look at it in turdy currencies... like GBP or NZD or AUD (or NOK, which is being ripped to shreds lately).

Yup, the piece about there being two distinct prices for gold globally at the moment is also very interesting. Basically they're saying Asia is trading physical gold at in excess of $900 ... whereas COMEX paper gold is trading way down on that figure. That, to me, is either untrue, or it could explain why BullionVault are having trouble making a sensible price, or it means buying from BV or GoldMoney is a veritable bargain at the moment.

OMG! Either this guy is a sh1t stirrer or he's well connected and I shall remember this day for the rest of my life.

LOL! She's not gonna like you for that!

I know the feeling. I'm sat here looking at wedge formations in the Silver tick-by-tick chart! On a side note, Yen is on a storm today. But the USD is caning NOK and CAD ... I definitely feel it's a case of "what goes around comes around". The US took it on the chin first but now it's time for the rest of the world to take a pounding - including CHF. The much talked-about "race to the bottom" appears to be on. Is the Yen going to prove to be the only currency immune from this? I can't help thinking: Yen = non-yielding currency that's performing well. Gold = non-yielding currency that's .... (OK, I won't spoil it)

I thought you were being premature there Steve but ... the mission appears to be in full swing!

Not hugely scientific, I appreciate ... But BullionVault's gold market trades 24x7, offering a (thinner) market during weekends, and other periods when COMEX is closed. This weekend price has drifted up. I had a buy order filled at noon yesterday that I can already sell for more than I paid for it.

Yesterday's early trading in New York hinted at a bottom to me. The price tried to punch down through $820 and was forced straight back up. Closing at nearly $835 when it'd been as low as $818 gives me some hope. The light volume makes me slightly nervous, but we know the fundamentals are in place. A huge amount of gold's recent "weakness" has been down to a strong dollar - and honestly, how long can that continue?!? Reading around, the general concensus appears to be that the passing of the bailout bill was already priced into the markets - hence the disruption and volatility earlier in the week when it was blocked. So I don't forsee any fallout from it on Monday. British Bulls now have "BUY-IF" alerts for Gold and (significantly, IMO) Silver. I've never traded their signals - but they've been spookily accurate lately.

On September 22nd Jim Sinclair wrote: I made a comment at the time that Jim hadn't specified exactly where this floor is. Given Sept 22nd was shortly after the shoot up from the 750s, I'd assume he feels it's somewhere above 750. Here's hoping it's Ker's $828. Silver's performance yesterday cheered me up a little.

You only buy call options if you expect price to rise. BUT by buying an in the money option you limit your risk if the price drops below the strike price of the option. It's like having a stop-loss in place but has the advantage of not "tripping" like a stop does. So if the price falls and then recovers you don't lose out. In fact, why aren't I buying calls?!

HPC's FP has changed his short-term view on Gold (in fact he changed it last night, before today's fall)... Last night: Today: And Roman's Holiday seems to be agreeing (as well as on this thread):

Stunning call Ker! Just a shame I didn't trade it.

Dare I tempt fate with a call of "Hi Ho Silver!!"??.... Actually, from a purely selfish perspective I want to load up with some GoldMoney silver.... so what the hell... Forget the horse -

Looks like someone doesn't want their silver any more... Doesn't look like one big liquidation sell-off to me. Strange. USD must turn at some point.

Gold down $6 on open... someone's not happy with the bailout. EDIT 23.08 (BST) to add: It's climbing back up within minutes. Silver opened sharply down at $13.07 and is already at $13.21 EDIT 23.24 (BST) to add: Oh, sod it, down again. No point watching this "noise" ... off to bed. Ignore my post.