dietcolaaddict

Gold up $10 in 10 minutes. Was that the last buying opportunity? Boat about to set sail ?

Very useful, thanks Zik!

A textbook friday afternoon smackdown. But September is fast approaching and gold looking well placed to break four figures in the near future

"The Delusion Index", courtesy of neon tetra at HPC (we need to invite this guy here!) Ratio of Rightmove Index to Nationwide Index! http://www.housepricecrash.co.uk/forum/ind...howtopic=120428

I'm going to be patient a bit longer, but might average-in a bit today. We are hopefully close to the bottom for silver in GDP terms.

Hi Belfast Boy I think that shoe shine moments are a long way off yet. 'People down the pub' are however noticing these type of enterprises - giving cash for broken and unwanted gold jewellery (but at 30% under spot). There is typically a stall in most large shopping malls in the UK now. http://www.mygoldmine.co.uk/index.php?page...me=how-it-works http://www.joelsgoldstore.com/ I've not posted much recently - I'm taking advantage of this temporary sweet spot in the UK economy to move jobs (and get a payrise to boot). I've noticed that there currently remains reasonable employment opportunities for specialist (and qualified) individuals in the public and private UK sector, at least until the next step down in the economy, when I suspect that 'across the board' recruitment freezes will begin.

Gold up against the ropes today, especially in GDP terms. Resistance lines being tested.

There's now a short-term head and shoulders pattern at the end of the long-term inverse head and shoulders pattern

If GM or BV were discovered to be untrustworthy, would this not in turn push up the demand (and spot price) for physical gold. Would keeping a balance between physical and allocated holdings protect against this?

I don't know marmite I usually buy gold from ATS but have turned into a silverbug of recent, and get that elsewhere.

Email from ATS bullion......

Silver just bounced off 16! Gold:Silver ratio now a touch over 60.

Gold (once again) within touching distance of four figures. It needs to hold this time with the dollar weakening. I'll be wearing my lucky underpants tomorow!

Hi bigtbigt I don't expect to 'make money' from precious metals. I just expect to preserve my wealth (and keep it liquid) while 60% of UK owner occupiers loose > half of theirs in the next few years.

Cheers Pix. I know this has been asked before - can anyone recommend a good online resource or book for learning about RSI, MACD etc. I've tried before but found the online explanations a little variable and contradictory.

Would it be best if gold corrected a little now - rather than try for $1000 again in an overbought state. I'm thinking gold may have more chance of holding four figures if it breaks through in a few months time when seasonal trends are more favourable.

Now with extra volume......

The Presidents Working Group might have some work to do this Friday, just look what the journalists are writing (Is it me, or does every news outlet seem pro-gold at the moment, a worrying sign) "Faith in Obama? Not according to gold prices" http://www.todaysfinancialnews.com/gold-an...rices-9102.html PS I am following the £:$ charts more than the gold $ price at the moment - what is going on there?

Thanks CC. I've learnt so much on this site, but clearly have some way to go yet.

The right hand shoulder of the gold chart seems to be completing quite nicely. Todays action further shows this. Fireworks in June????

Hi Ziknik. No way, I'm afraid. The Au/Pt nanoparticles need to get within the tumour cell, in fact usually an organelle like the the nucleus or lysosomes. There's no technology to get it out, even if Human Tissue Act etc. would let you (which it likely wouldn't). Really, the amount of gold to recycle would be tiny anyway. Might as well develop a technique for extracting Gold from seawater.

I've done some scientific research in this area, although unfortunately not to the stardard of this MIT group. Nanoparticles of gold (or platinum) have a lot of potential in physical cancer therapies (X-rays, UV etc.) However, they use minute quantities of metal and will not have much effect on global demand, even if they are the next major breakthrough.

Ok, a quick and unscientific observation...... But are gold and silver decoupling a bit?

25 seems a little optimistic. Look at this graph for ratio on each day of this decade long PMs bull market. I reckon 40-50 is as good as it will get, although I agree that the ratio is falling now.

I'm still bullish on gold for the months ahead and am interested to see if gold has a push to 890-900 this afternoon. I still think the world banking system is in a 'right state' and believe that confidence in the financial system will continue to deteriorate. Therefore, I think this year may be untypical of normal years and lack (or at least see less of ) a doldrums period. I can also see more and more QE occuring in the UK, as no-one is going to but all these government bonds at current return rates, and the emergence of high UK inflation as a consequence.