Bobsta

Agreed. It's so simple but so effective. One of those "now why didn't I think of that?!" moments. A great way of looking at the returns. ----- BTW, I noticed jsmineset.com was unreachable last night. Being a techie I looked into it quite a bit and it seemed a whole subnet of addresses around the site were unreachable. This would indicated Jim's hoster / ISP were having issues rather than "someone" got in there and shut him down for whatever reason. This morning the site's giving a SQL error. Which leads me to believe the site at which it's hosted may have had a power failure. That would fit with the symptoms that a whole IP space was down for hours, and now the server's back up but with one or more processes not quite running correctly. I guess we'll find out in due course. But when I first couldn't reach it, I must admit a few conspiracy plots kicked off in the darker, more suspicious parts of my mind.

They're either playing with us... or have run out of ammo. I suspect it's the former and wouldn't bet against a massive whack at some point this week (massive being below $950 but still above $920). Are the days of sub-$900 gold behind us? I think so.

I can't help but think that the folks at MarketClub know that gold is going higher, and see it as a great opportunity to push their product. "Oooh, look how clever it is. It detected that upside-down head-and-shoulders and could've made you a fortune!" ... rather than "The market is running scared and heading quickly into gold - you don't need a £500/yr subscription to a TA trading platform to tell you this". Still, nice to see someone predicting a move to $1020 and beyond, whatever their motives.

Seconded. I generally don't do "forum stalking" but I have to admit to viewing your profile this morning, wondering where you'd been. Although if last week's movement in gold is anything to go by, please feel free to have more of this downtime. Lots of bearishness all over the newswires this weekend... and gold drifts down on European trading - kinda to be expected, I guess.

Your link was broken Gatesy... I think I've found it here: http://www.telegraph.co.uk/money/main.jhtm.../cnmoney111.xml Haven't had chance to digest it yet though.

LOL! Steve, you are the new Silver Sammy!! Bash, bash, bash go the PPT. $957.20 and falling...

Morning GF... you stateside ATM? Shopping for a gold-plated iPhone 3G?

Paulson will be making a statement on the topic "shortly"...

PPT pressed the wrong button again! $965+

Fanny and Freddie shares continuing to be absolutely caned. This has US Northern Rock written all over it. "Cannot be allowed to fail" ............. I think Narco's avatar says it all.

Where?!?

Go'on Steve... it's Friday night... you *know* you want to stay up late and watch the action!! Just like the British Grand Prix or FA Cup (or whatever sport floats your boat).

Yup... and *that's* why trying to take profits is so fraught with danger. Time to sit tight and not be greedy, methinks. Although who knows what the US session will bring ... Gloomberg is full of Fannie & Freddie, Lehman and S&P woes right now, but the PPT will be out in full force at some point, I'm sure.

I'm thinking the same. But am equally cautious of being burned. Three options I guess... 1) Do nothing 2) Buy more on any dips 3) Stick some trailing stops in... then buy on dips. Very difficult to decide what to do. It really could go either way (but I feel more likely to be to the upside - and don't want to miss that).

Nice... but I prefer it in white... http://www.kitco.com/charts/livegoldw.html (and http://www.kitco.com/charts/livesilverw.html for silver)

Is that a gold/silver rocket cgnao, or an Iranian missile?

Nice curve(s) Steve. Any chance you could share one with a log scale? I'd be *very* interested to see how that looks right now. Personally I'm still cautious/nervous but if we manage to stay above $915 all this week then I might join the "we're going exponential" camp. Silver's strange M/W formation yesterday has me scratching my head, I must say.

I agree to a point... but... anyone using trailing stops will do quite well out of these rebounds. Price rises, stop moves up... price reverses, trips out... Buy back in after the drop, ride the wave again...... rinse and repeat. Some people will have been lucky and tripped out around $18 in Silver today... then been able to get back in at $17.60 (I'm not one of those people, BTW!)

I think "volatility" is very much the word. Good call.

Just tripped?

Looking at both the gold and silver charts, someone had a little go at a sell-off on NY open... but didn't get very far.

Thanks for the post knavel... I for one really appreciate you sharing your substantial real world experience in this discussion. I believe Ker's based in South America (Brazil? Mexico?) ... but I 100% agree with your recommendation.

So... the market's drifted down during the night. The US traders will be coming in later having had a long holiday weekend..... Many of them will have been mulling the current economic state over in their mind. They're either gonna grab this gold bull by its horns and take it to new highs. or They're gonna destroy the gains made last week. (IMO) The only problem is, I'm undecided as to which way it'll go. I guess I'm 40:60 (leaning more towards the bearish) and that means I feel I should be mostly out of the market (aside from core holdings, that is). Thoughts from others?

Ah, OK. Apologies... I hadn't clocked that they were from different sources. Yup, fully understand your point now. Let's get back to Silver eh?! ... Any predictions for Sunday night / Monday?.... cgnao, does your source concede that the air-raid is done?