tinecu

So they will lend 90% of the lender's valuation. If the valuation comes in at 40% off the 2007 peak... I wonder if the sale will go through at all. Banks are now justifiably backing bargain hunters...lower risk. However, there is a real risk of a bull trap.

Set up your own investment holding company and get VAT registered....then claim it all back. Its a faff but probably no more difficult than setting up a GoldMoney account!

News: Land Registry Figures May Underestimate Price Falls Mon, 01 Dec 08 The Land Registry has been criticised for underestimating the scale of decline in house prices. Its latest figures, for October, show an annual 10.1% fall in house prices.But as they do not include sales from repossessions and auctions, which are on the increase, they may not be presenting an accurate picture. http://www.home.co.uk/guides/news/story.ht...ate_price_falls

Well I never! Goldfinger should have been cited IMO.

Me too! I had my finger on the trigger...

I saw it too...WTF was it?

$796 now...Golds got legs today folks!

http://www.telegraph.co.uk/finance/persona...-time-high.html Demand for gold at an all-time high Demand for gold reached a record high in the third quarter as investors sought refuge from the financial crisis and volatile stock markets, according to the World Gold Council.

I like this KGX indicator too... TA of this would make more sense to me.

Yeah, I was wondering that too. This has always been TA's fundamental weakness IMO.

Whoa Gold smacked down to $716.90....

Assuming the implied linear correlation holds: P[Ag]=0.023xP[Au]-2.8 (or thereabouts) When Au=$10,000/toz then Ag=$230/toz (43:1)

Hmm. Not ideal ( I don't like surprises). Good luck! If it's 4% over fix I guess you might as well use Goldline/Bairds.

Yep. Like the GPS going haywire mid-voyage. You don't change course, just keep following the compass. What does the chart look like without log/log vertices?

Nice chart. I've always liked this approach since you first introduced me to them on HPC before the madness over there. But aren't we in the land of 'aberrations' right now? IMO the whole PM maker right now is an aberration. "Don't believe the hype"

Indeed there is no real market anymore in gold, equities or bonds as far as I can see, since government 'funny money' came in to play. How much cheaper is gold buying through your gnome than say Goldline for a 1kg bar? The wait seems to be the same.

Nah. Making Aluminium Nitride. Actually I think the JET would be really pleased to get more energy out than they put in!

Oh boy CG never did mince his words! My understanding is that THERE IS NO MARKET RIGHT NOW due to manipulation. Charts are just smoke and mirrors until the powers that be stop mucking around with the market. So we might as well be looking at chicken guts to predict the price of gold. All our cherished economic rules, metrics and methods go out of the window in times like this. I recently ran a large scale high temperature experiment. The reaction ran away so that the temperature soared. We all got really scared because we couldn't shut it down. Folk were panicking but then the thermocouple indicated that the temperature was falling. Phew it must have burnt itself out, we thought! 5hrs later the whole reactor melted, spreading molten ceramics around the factory. Picking over the wreckage a few days later when it had cooled we found the thermocouples has burned out long before the final meltdown. Luckily no-one was hurt, but the take home message is clear. When conditions get extreme your trusted indicators can be worse than useless.

Hang on a minute.... In posh areas like Chelsea and Knightsbridge house prices are collapsing... http://www.home.co.uk/guides/house_prices_...&lastyear=1 http://www.home.co.uk/guides/house_prices_...&lastyear=1 Obviously nearly all sales are flats.

This sold house price data is a lagging indicator but so far big falls have not happened in London: http://www.home.co.uk/guides/house_prices_...&lastyear=1 Asking prices are leading indicator and the median figures show stagnation.... http://www.home.co.uk/guides/asking_prices...&lastyear=1 Looking at the sales volumes though I expect sellers will cave soon enough.

For 'anarachist' I read 'pro-libertarian anti-statist' and their arguments usually make more sense... Fiat is statist thieving IMO.

So true, so true! Cheers Andrew

Blimey. It was always forecast as a WILD RIDE! Buckle up folks!

I share your pain. But remember its an insurance policy, you hope you never need it.

http://www.fxstreet.com/news/forex-news/ar...91-92e302683295 This news certainly didn't help commodities and PoG today....core CPI level. Edit: to make sense