CIGA

Can I ask what has happened to the old GOLD thread which i found to be highly informative, and a very good guide on the populrity of the subject over time - and who is this guy called Bubb?

It seems he created this thread so that he can continuously talk to himself on it - maybe its because he agrees with himslef and there is noone to oppose his view that way?? anyway dude get a grip and please can whoever runs this site bring back the Gold Thread.

Also i think this Bubb guy needs a cool off period he obviously has some self centred, pompous, egotistic issues which are not healthy for this once excellent site. Webmaster/Owner please can you maybe ban this deranged fool for a while?

I think Jim Sinclair is correct, that we are entering phase 3 of the gold bull as I can report that my mother is considering buying some gold coins now. When she buys some phase 3 will be official, and I expect her to buy some in september. As Jim said "$1764 has the same significance as $524.90 because it represents phase 3, the point when a runaway price market for gold would gain exponential properties".

More and more people in general are recommending to ME that I should buy gold, I let them slam their reasons to me then say. 'yeah I know - been buying since 2006, but ... I haven't heard you mention swinging sister silver ... " stage 3 may be upon us sooner than we think, however I would like to see a couple more years of solid steady gains first ..

Buyin with both hands :-)

Just put buy order in with Goldmoney and will continue to if the price of silver drops - have plenty of dry powder and was waiting for something like this.. hoping a drop below 40 without any fundamental reason to continue to top up.

i swapped 15% last week :-)

Yes it really is like a charging bull at the moment. Whilst I agree about the medium/long term direction I think a quite sharp pullback is highly likely sometime soon. Not that I've got the balls to short it.

I am still buying in stages although JP of financialsense recommends maybe a put options contract on SLV for september or december may be good insurance against a sharp decline. If history repeats itself expect the correctin by May/June.. but noone knows.

I have some serious amounts of dry powder at the moment due to some share options maturing which i cashed in. trying to get it into PM's but having to be very cautious. I am going to buy over the next 6 months or so in stages although - any correction and i'm all in!!

It is definitely worth reading this article, I am not selling anything.. yet..but not buying with much vigour either.

http://www.zealllc.com/2011/silvtop2.htm

The only way I can describe this person is 'psychologically unhinged'.

I am also pretty sure she is not the only person in the country that is obsessed with property this way.

http://www.telegraph.co.uk/property/8369047/Confessions-of-a-property-website-addict.html

I find your 'houses are an investment - consider them as an investment - always consider what happens if the price goes down so (presumably) never buy a house if there is a risk it might go down in price (i.e. NEVER buy a house) etc. philosophy' to be a 'funny attitude'.

 

You must spend your life worrying about money. "Paying a mortgage in a house that has negative equity is a burden: financially and psychologically" It doesn't have to be - it's only a burden if you're obsessed about money and the price of the house and 'have you lost money (ohhh NOOOOOOO!)' and so on. My nephew bought a bigger house 3 years ago. Almost certainly it is worth less than he paid for it. He has a wife and two kids, another on the way. He doesn't feel burdened financially - he just pays the mortgage. He is not burdened psychologically by his negative equity - he is quite sanguine about it and realises that moving up (he wants a bigger house in a couple of a years time when no. 3 needs his/her own bedroom) will be easier if prices don't go up.

 

Some people just live their lives and enjoy them.

 

As for extrapolating what has happened in Detroit to draw some sort of absolute conclusion about buying property in general - can't see the relevance myself unless - and I guess this is true - you are hovering over the UK waiting for the armageddon you are convinced is going to occur.

BAB - your points do deserve credit and in an ideal world where if humans were able to detach emotions maybe you have a case. The cold harsh reality of the fact is that you are not an indication of the general consensus of the populous.

When most people see the house they scrimped and scraped for and are doing without other things for drop in value without any idea how long before it is back in positive territory, it WILL have a psychological affect on them - it may even stir up reckless thoughts about how to get out of the situation. As these people talk to each other a herd mentality develops and eventually something occurs - a stampede.

People are talking to each other right now about it and if for any reason prices drop further or the debt burden worsens, or both (most likely because of interest rates, higher taxation, pay cuts, job losses, wages not keeping up with inflation etc.) .. watch out for the stampede.

over the past few days 2 people i know and have known for a while (not close friends) have recommended buying gold and wish they bought some sooner.

Stage 3... slowly but surely as with all secular Bull Markets in the history of time.. is coming.

Fascinating stuff! So there could be a lot more gold in our little earth? How do those clever people estimate how much gold or silver is in our earths crust?

Gold is far older than oil, dinosaurs and all the old people put together in Japan then? I always thought gold somehow simply 'formed' somewhere in our earth. (I'm not a scientist)

Gold as with many other minerals found on earth are created during the implosion of a sun prior to the Super Nova, it is the incredible pressure and chemical reactions which form it which is why it is difficult to reproduce. The supernova is the rebirth of planets, basically everything including us are all made of stars.

The amount of Gold on Earth is finite and does not form on the planet itself.

Know what you are buying :-)

soooo close to £20 :-)

Well it looks like I didn't nail the peak! - Dam it!

 

 

The question is where to now? I still have half my silver bullion and bought in heavily in to gold near the recent low. The silver chart looks like it is developing up like the 2006 peak where there was an initial spike up which then temporarily broke down at around 1.5 200dma and then flared up to 1.7 x 200dma.

 

If we get a repeat, this wll take silver to around $40. This is likely to happen at break neck speed and then correct down just as fast. If we get to 1.7 x 200dma, I will sell another 50% of my silver stash to leave me with 25% of my original base.

 

If silver goes to the moon I will have still done very nicely and it will correct down to 200dma levels again, probably in the summer, although I accept that could be at a higher price than I am selling at.

 

Bring it on!

I refer to Occams Razor - keep it simple. You are way overcomplicationg things IMO.

My strategy:

Buy and hold in a bull market periodically. Buy more on dips.

Sell when we are no longer in a bull market.

We are currently deeply in a bull market in precious metals :-)

hello fitkid. he chooses to respond. i don't force him so its not really my fault if he gets tied up. if you don't mind i don't want to respect him cos hes making things up about me. I didnt ask him "why is gold money". I asked "why is gold better than platinum for money". i wasnt even asking gf, i asked another poster who choose to ignore me - thats fine. if gf ignores me i will stop responding. if he makes things up about me and threatens me and talks down to me i will respond and defend myself. as a mod he was nice to me before. as a poster hes been the most unkind person here. thank you for the way you have worded your post. you could have been like nigel w***son but you havent so thank you

I'm sorry but I must say the above post is an example of some of the worst grammer I have ever had the misfortune to read on this website. Crush.. Fix yourself up.

This is a persuasive graph but I think something changed last summer around early August.

 

Every time the price dipped, buyers were there snapping up silver and the pattern changed, hence I sold the remainder of my gold and went all in on silver.

 

Some big and enthusiatic buyers out there playing against JPM.

 

Rumour has it some large hedgies are out there, happy to settle for 20% premium above spot ( in cash) during delivery months, hence the very high open interest despite the falls in price.

 

Could be BS, but there is enough evidence of shortages to persuade me to hang on for a moonshot soon.

 

Nick

That massive 2008 capitulation event happened in ALL markets and was an extreme over reaction to fear and uncertaintly in all markets and even countries ability to continue to operate. I doubt very much we will see an event like that again.. if we do, my dry powder and options account is sitting ready in Bull mode.

You're on to something there.

:-)

Thanks for sorting.

No problem, I merged the threads.

Can I ask a quick question please?

What on earth is wrong with you guys? I know this is a popular thread and it seems everyone wants to have some control over it.. why not just utilise Occams Razor and keep it simple.

One Gold Thread, pinned. END OF. - all of this toing and froing is making me dizzy and i haven't started drinking yet..

I was a bit panicked not to see this thread, it's one of the main reasons I visit GEI. Sure... sometimes there are periods of time

when its not posted on, but... it's all there. It's a great feature of GEI, the monthly pinned gold thread.

 

I'd like it left where it was, we all knew where it was and it was easier to find.

Yes, I agree that the gold and silver thread should be pinned, newcomers see them straight away and popular topics are usually pinned in forums..these re definitely hot topics...

but let them flow, no need to update monthly IMO as a history is always on the thread and it is very easy to jump to most recent posts by clicking on the last page icon. Letting it flow also shows over time how popular it is because you can see the number of pages.

Great vid at GIM very funny.

http://goldismoney2.com/showthread.php?115...-Seen-in-Awhile

 

The chart's suggesting two options for silver here: sideways for a bit as in leg 1, or a correction as in leg 2.

 

The move up in 2 was from 12 to 20, which would equate with the recent move up from 18 towards 30 odd.

2008 was an extraordinary year, i don think we will see capitulation like that again for a while, that was overkill in all markets - extreme fear, people are wise to that now.

If ever that happens again though, i'm buying call options all over the place.

some of my stocks have rise 6, 10 and even 20 fold since then.

Excellent!

lol

I have done quite well with Hecla Mining this year .. think there is still room for it to run too :-) Glad to know you did/doing well with Panther pix missed that one :-)

Why are you guys fighting over log/analog chart? Total waste of time I say.Unless you are a day trader of course. Sometimes the gold thread becomes cluttered with too much noise, there is hardly anything useful left to read. Come on guys. Just post useful stuff.

I for one find the charts and discussion regarding them very useful. You got to remember not all of us are fully experienced in these areas and these discussions aid in a wider understanding of chart representations.

Thanks guys keep up the fine work and discussion, more information is better than none.

just one gold thread please, monthly threads make it cumbersome to follow at the beginning of every month and i agree so what if we have hundreds of pages on one thread? proves its popularity.

I think the downside 'price' risk is insignificant when compared with the global risks.

When I look at the recent currency moves, I am very very worried.

 

I'm not sure more than a couple of people have seen this:

 

Forex Discussions

Charts, Musings, Predictions

http://www.greenenergyinvestors.com/index.php?showtopic=3239

 

Last nights action was simply stunning. Look at the chart with "critical" on it

 

 

This is not a joke, this is a real probability for anyone thinking they can pick the best price on more than a small 'gamble' part of their portfolio.

 

LMFAO

LOL

that is THE best rocket pic on the internet.

Well Done Steve!!!!!