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goldenbee

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Posts posted by goldenbee

  1. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    If you want to keep improving your Golf score, you need discipline.

     

    Unfortunately, it falls to me to maintain discipline on this website.

    That means coping with people who want to abuse people who trade (successfully or unsuccessfuly), and who abuse those who criticise certain Gold gurus.

     

    So far, I have managed to instill some discipline without suspending or banning many people. I know the purists do not like it, and whine about it, but they seem to forget sometimes whose site this is, and who pays for hosting etc to keep the lights on here. I am very tired of the pushback I get on this thread. But I do realise it is almost entirely limited to the Gold thread, where the B&H mafia has lived for a long time. And they consider this their exclusive territory, and regard me (and any other traders) as outsiders. That's the long and short of it.

     

    If you want to keep improving your Golf score, you need tuition. Unfortunately, it falls to you to provide tuition on this website. That means coping with people who don't agree with you.

     

    So far, you've managed to indoctrinate some without suspending or banning many people. You know the purists do not listen, and exercise freedom of speech, but they seem to forget sometimes that your the boss here. Your tired of repeating your beliefs. But you do realise it is almost entirely limited to the gold discussion thread, where the B&H believers are very vocal. And they consider this their best place to air their views, and regard you (and any other traders) as people who don't get it.

     

    I'm happy hacking my way round.

     

    That's the long and short of it.

  2. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I haven't "chased away" anyone.

    Those who have not violated our civility rules are free to post or not post.

     

    Good. I have held a gold for a number of years solely down to Goldfinger and Cgnao

     

    I post seldomly but I read lots everyday. I try to get a balanced view on all things and keep an open mind. Goldfinger forms one side of the aurguement and it would be a great loss to this site if his views were not aired, whatever they may be.

     

    I will die soon so I don't want to spend any time trading stocks, currencies or commodities. I prefer to spend most of my time designing or making things or maybe playing a round of golf.

     

    DrB I enjoy your site and I find your posts very interesting but you do come across as rather a control freak.

  9. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Hi,

     

    3 questions.

     

    1)I'm thinking to limit my companies account exposure with Santander. So I'm thinking of places to move the money. My company is VAT registered so if I buy silver do I claim back the VAT, then pay VAT when I sell the silver.

     

    2)Am I better off just sticking the money in a dedicated Nationwide account?

     

    3)Should I not worry because the politicians will sort out the mess?

     

    Goldenbee turning silverish.

     

     

     

     

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Lord, no it isn't a naughty pic!.......... http://www.housepricecrash.co.uk/forum/ind...6851&st=360 3rd post down.

     

    I grow my own too, just in case anyone is interested.

     

    Everyone should if possible ................

     

    ___________________________________

     

    BTW:- I'm one third gold, euros, sterling. What next oh wise ones? - Because I see nothing but demand destruction & mass unemployment......or maybe that should be the other (self feeding) way round

     

    Oh no, not the ignore thread, I'd managed to ignore it until I clicked on your link!!!!!!!

  18. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    This is the key cgnao, goldfinger point I believe. "It's baked in the cake".

     

    The massive lending that went into housing is about to be visited on us. Ordinarily that credit creation would be destroyed by default as house prices go down. But by bailing the banks, they effectively 'monetise' that past inflation and rather than flowing back into housing where it fails to get measured - it flows into other assets driving inflation. And if the government can't afford the bailout from its resources, well, printing merely adds to the problem.

     

    Ah! Thanks for that, I've always believed the bail-outs were inflationary without quite grasping how it manifests itself.

     

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Would anyone like to guess who made this prediction 6 months ago?

     

     

    Jan 21 2008, 06:03 PM)

     

    I am going to go out on a bit of a limb here,
    but I honestly think Gold will be sub-$500 within 6 months
    .

     

    10% of the bad news with regard to credit markets is out. IMO, we are looking at around $6 trillion of write-downs worldwide that are connected to the housing market. If banks start to fail a la NR we could be looking at a lot more than that. China is in a lot of trouble and demand from that area will collapse in the next few months sending commodity prices down with them. Unemployment will pick up very quickly this Spring as businesses start to close and cost cotting begins in earnest. It reads deflation. The place to be when deflation is endemic and recession is widespread is US Treasuries and perhaps Swissies and Yen to a lesser extent. Risky bets such as gold will fall as the flight to safety will be predicated upon deflationary pressures. Gold is an inflationary hedge and driven almost solely by sentiment and fear of inflation. That phase of the market is over.

     

    Nothing goes on rising for ever. Its all cyclical and gold has had a good run. There comes a point when taking profits is wise. As Warren B says--get out while the herd are still rushing in. Not every drop is a buying opportunity otherwise nothing would ever drop.

     

    The black stuff beat the market today. I got out at 4.99 but its still an alluring bet:

     

    UK COAL (LSE:UKC.L)

     

    Last Trade: 389.75 p

    Trade Time: 4:35PM

    Change: 5.75 (1.50%)

    Prev Close: 384.00

    Open: 376.00

    Bid: 389.50

    Ask: 390.00

    1y Target Est: 630.00p

     

    I'll have a stab, was it RB?

  21. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    phase 1 was 1999-2001to mid 2006 with a smart money blow off 15 month shake out start of phase 2 mid 2007 first leg breach of the mind blowing number 1000 very short pull back there are 2or3 legs to come with targets 1500-1700-2100-but long term im still looking for 700 beers lol

     

    £3.00 for shandy the other day, so were at about 160 beers now!

     

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