CIGA

Talking about Rome Jim Puplava (financialsense.com) is studying the Roman Empire and it's demise I have a feeling he will be pulling out some similarities to the dolllar and present time over the next few weeks.

Brilliance!

I just switched on to kitco then came straight here - WOW! Great news and eagerly awaited, we are definitely through. DB how do uou work out key reistance as you have at $1032?

IMO in this volatile choppy environment gold and silver should be analysed using P&F (point &Figure) charts, if you don't know how to understand these, stockcharts.com explains and it only takes 5 mins to learn. Learn: http://stockcharts.com/help/doku.php?id=su...ding_pnf_charts Basically we have reversed the downtrend and started a new uptrend, if this really is the last push up before a correction, look to take some money off the table as soon as the next column shows 000's. Notice the bullish price objective of 1065, near jim sinclairs near term target high of 1050. The support levels can clearly be seen in this chart. The long term P&F's from 2000 onwards are very interesting viewing for gold/silver. Bubb, being a master of TA, what do you think of P&F's?

Also you got to take into account u.s. will chuck everything to save or prop up the economy before the elctions in nonvember. financials may have a small rally over the summer q3/q4 as false confidence increases and money switches from commodities to traditional equities. seasonly the summer months are not favourable for gold. I'm really tempted to sell some over the next few weeks but haven't go the balls, might just hold and buy more on any sign of a pullback.

OOps maybe premature, but GIM is showing 1000 high. http://goldismoney.info/forums/

Now I see why. Gold has hit $1000 spot

AS per usual, right on cue, kitco having problems displaying..

Is it time?

This thread is on fire - as is gold

Dr Bubb, would it be possible for you to get a ticker with precious metals spot prices like GIM does? figures for the dow, ftse, nikkei, cac (major indicies) etc. would also be very handy tickers. I understand if it coses too much money or there is a large fee it would not be viable.

They are reporting futures which is over $1000

Unfortunatley it is a plaster which will be ripped off after 28 days, a 28 day loan using turd as security. Listening to Jim Pulava Sturday broadcast this week, his main theme this year has been his oreo theory. basically the top of the cookie is current volatile period which will last through the first quarter, as we get to the 2nd and third quarter we get the smooth creamy filling and end the year with the second part of the cookie. in finance this transalates as stock markets volatile, commodities and real assets soak up inflation(1st quarter), central banks do everything they can to save the stock markets and make the ecnomomy seem sound prior to the november elections in the US, investors move back to stocks and commodities/gold/silver pull back (2nd/3rd quarter), inflation cannot be hidden and rears it's ugly head, interet rates must rise, commodities gold/silver are back in the frame (final quarter). If correct, the sell in may and and go away theory may be the right course of action, sell at around 1050 gold or in april/may and wait for a pullback then buy back. He does not recommend anyone selling their holdings if they are already in, he did say newcommers might want to wait for the correction. I am very tempted to maybe take some money off the table in Q2 to add again later but will have to decide nearer the time.

The dow/gold ratio is significant as it highlights inflation and identifies how the one true currency is beating paper based fiat currencies and fiat finacial instruments (equities). It also acts as an indicator as to when the dow is cheap and gold is expensive, in the last bull a 1:1 ratio is the best it achieved - in a global fiat world this ratio is infinite 1:? The ratio does not necessarily need to be plotted against the dow, it could be plotted against the S&P or the FTSE 100.

I'm locked and loaded, added 10% of my available cash on todays correction, am holding back now thouh - doug gnazzo sees a short term correction. It looks to me as though a flag is forming here which means silver may consolidaye before it goes higer, the consolidation may have a slight downtrend whihc is the classic flag formation and a touch of a lower trend line consolidation would be the time to get in, holding back till the technical indicators either confirm or negate a correction in silver, keeping a close eye on RSI, MACD and ROC. If the flag has an upward trend as silver did at around $14 the upside will be explosive. flag forming in silver? http://www.financialsense.com/fsu/editoria.../2008/0310.html edit: hmmm, it's possible the current uptrend could continue all the way to $25 without stopping too long for a breather - with a possible 75/100 base point cut from the fed and inflation, oil over 107, commodities booming, the fundamentlas certainly tell us it is possible, accrding to this chart $25 may be a time to start taking some money off the table. http://news.silverseek.com/SilverStrategies/1205194650.php

Has the name got anything to do with coffee?

Is silver looking overbought? here is a chart - IMO we need to consolidate here for a little while, macd looking a lot like just before the 2006 correction, rsi overbought. i will not be accumulating for a little while, i'm hoping to see a consolidation like gold had around nov/dec 2007 (a classic bull kiss on the macd), else we may see a correction.

www.goldseek.com has an interesting saturday broadcast.

That's IF the ratio changes back - that's a very big IF. A new trend channel may be born or silver may bounce around without any significant ratio changes to the upside, I am not saying don't do it - just be careful and make sure you reasearch well before you do it - this thread may be of help when you decide. I am just buying more of one or the other than exchanging metal to metal. If you look at the long term gold/silver ratio this may be a contining trend all the was down to 16:1, silver:gold.

click on 'my controls' top right menu and look for update avatar in the left hand menu pane.

Remember metal to metal transfers costs a premium, i thought about it but haven't bothered - there was an article on FSN about doing this as a strategy to gain more ounces for your money, but this was about exchanging gold for silver. You could use some TA to decide when the ratio is ready to bounce off a trend line but it may shoot through it and the ratio drop further - I personally feel the best strategy is to just hold. A metal to metal transfer may be more relevant when the gold/silver ratio is high (basically silver is cheap compared to gold), remember silver is highly manipulated and if silver shorts are killed (they are wounded at the moment), the ratio could drop a LOT more than 35.

I was wondering if anyone was holding gold stocks? I hold a few on AIM and have owned for over 6 months now. They are: HMB - a small time producer looking to ramp up production just started pouring, growing production but recent boiler explosion - an unfortunate fatal accident may have caused a sell of which has undervalued this stock - production halted whilst explosion is investigated, may be a good buying opportunity - i used it to top up. Using the shutown to build infrastructure so production can be increased when they reopen. CEY - multi million ounce gold resource in egypt (pre production) with some phenominal drill results, the long term chart of this stock is a rising trend and IMO has some way to go yet. one of my best performing stocks - i got in under 60p, lots of potential still exists in this one IMO. MCR/MML - small time producers hoping to increase production - their long term charts are rising trends, but not done to well recently, hopefully increase in production this year will help the SP. LRL - good management, based in china with a couple of million discovered under their belt - recently tippped by frizzers (moneyweek) OVG - major multi million ounce silver play, recently completed BFS - production possible Q1 2009. GDP - extract gold and have poured some, they extract from the waste of others - i have a very small position with these as i cannot value the company on proven underground resource - i think they are also exploring. I also own a coal to liquids play - ANR.L, bought at average 3.5p, this company has massive potential and is a very long term hold. Based in Australia and backed by AUS government, relatively risk free, excellent rail and logistics around them, billions of tonnes of coal in the ground, financial backing from China/Hong Kong in progress, major shareholders include large institutions - this could become a multi multi bagger - they expect to start production 2012/2013 but may get taken out before that - significant upside potential. I am looking at some US/CAN based stocks, but to be honest with you, my current AIM stocks only represent about 15% of my portfolio - the rest is bullion, i have had excellent returns in the physical and it is less stressful just holding the stuff rather than the equities- it is fun and a good ride though playing stocks and my portfolio is up, just not as much as the physical . . . . .?yet?

Hi SBN - you little terror. Please tell - which covert technique helped you find us?

your strategy is for real experts in the business and even they will get it wrong. for you and me, buy and hold, average in over time.

That's me!!! HAAA LOL I re-registered. They won't let me post, so i lurk on gold threads so my new name 'gold_thread_in_GEI' can be seen. I also like wren's technique poiting posters to an eco friendly site on a gold thread!!