dietcolaaddict

I might average in a bit more if silver dips in the next few hours like it has in previous days.

Me too, are you sure we'll get a dip below the current spot price? I'm expecting the pound to fall further this week with the expected rate cut, so I'm tempted to average in a little more now. I wish I'd gone all in around £6.82 now...

Good thinking warpig, I may do the same. Lets see what happens tomorrow, any idea how early the rate cut is 'priced in' before Thurs 12 noon?

I'm currently waiting for a dip in £ price to buy a large amount (for me anyway) more. I'm trying to be patient and learn from past mistakes of buying into strength and ignoring trends in the $/£ exchange rate.

Great analysis Steve, a chart I will watch closely.

Bumpy friday afternoon session ahead.....

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YOU NEED TO BE AT LEAST THIS TALL TO RIDE ON THIS ROLLERCOASTER

I love days when the green line price falls behind the chart legend.....

I would only take physical delivery on this product, no etf's.

That's got to be the current winner of 'line of the year'

I think now may be a good time for profit-taking.

Personally, I am a buy-and-hold guy and I will put up with any short-term rally in sterling for now.

At the moment. It has been outperforming gold lately though. Watch the GS ratio.

 

http://www.goldpreciousmetals.com/ratios.asp

Nice link Pixel8r, but I don't like the website's conclusion of the current ratio as low, mid or high.

Look at my post - #209 in this thread. I think the ratio is currently high not mid for this bull run in PMs.

On a separate note, I was about to convert a reasonable amount of £ to silver, but I guess I better wait now for a dip.

Sorry to stop the music while the party is in full swing guys and gals, but take a look at this 2009 Gold Forcast article by Nadeem Walayat of Market Oracle which was posted yesterday.

http://marketoracle.co.uk/Article8409.html

OK, he got the short term bit very wrong

The MACD indicator has proved accurate so far in gauging gold price trend, current MACD suggests that there is more downside in the immediate future which targets a revisit to $800

But he warns of a high in March followed by a major dip by mid-summer.

The picture being painted by the above analysis is that of gold strength going into March that looks set to see gold break above resistance of $936, to target $960, however this strength will soon evaporate with gold again targeting a decline back below the breakout point to trade back below $850 by mid 2009.

 

Gold Forecast - March 2009 Targeting 960 high - 80% Confidence; Mid 2009 targeting a $820 Low - 75% Confidence

Note to the new president:

You are supposed to get the Working Group to smack it down on a friday afternoon!

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Comment removed due to being a numpty

(must be the new record price going to my brain)

Gold is not expensive. Gold is dirt-cheap.

If you live your life in GDPland, then PMs are just about the only option at the moment.

Interest rates almost nil, stock market going down and look at the $ exchange rate - 1.3887!

Sterling is no longer toast, its now carbonized.

http://en.wikipedia.org/wiki/Carbonization

Here is a chart showing the daily distribution of gold-to-silver ratio for each day since Jan 1 2000.

The ratio currently favours buying silver instead of gold.

copy & paste the data from http://www.lbma.org.uk/stats/silvfixg

Thanks ziknik!

Hi guys - I want to do some analysis this weekend.

Has anyone got a link to daily silver prices ($) going back 10 years+ in an excel file?

Hasn't that guy left the HPC team after being threatened (allegedly) by another member?

He's an active member here still, and his insight would be most welcome on this thread.

Some good news...

There is a new superhero in town aiming to serve and protect the property bear in 2009.

Nicely done clip, featuring all your favourite VI baddies.

http://uk.youtube.com/watch?v=aQDrvSlc5QM

Enclosed is a great article about sportstars malinvesting in UK property and Icelandic banks. How long till the crowds chant "We all live in Robbie Fowler's repossessed house" ?

http://www.dailymail.co.uk/property/articl...rty-market.html

Talking of his financial adviser, a certain Mr J. Power, former world super-middleweight boxing champion Glenn Catley says 'I'd like to rip Power's head off and spit in the hole,' having paid £370,000 for a one-bedroom flat () at London's Grosvenor Waterside, Victoria, in 2005.

That's one man I wouldn't get angry, Mr Power.

I believe spline is behind this website: http://www.houseprices.uk.net/

This is a really top website, respect to the author!

I tried to do some analysis like this a while ago, but could not process data as well as this - there are some great correlations and future projections on this site.

Yahoo have updated their cumbersome currency converter with something more user-friendly.

Moreover, it now works with gold as a currency (the penny is dropping...).

http://finance.yahoo.com/currency-converte...;submit=Convert

Today's gold price is looking good in GDP!!!!

Hmmmm, I came across this site through a google search and thought it might raise an eyebrow.......

http://www.goldpricecrash.com/

"We believe gold investment is a mug's game. It's not a sensible long term investment. It's a hedge in tough and uncertain times. But there are those on our forums who disagree."

I too am interested in platinum coins, but I really really do not want to give Gordon Brown 15% of my hard earned savings.

I'm probably going for Goldmoney silver with my next purchase, there is only so much bullion you can keep in the house and not worry about when away or at work!

Spot price just fell off a cliff. I can't avert my eyes...

Gold having a bad hair day.....

Test at $740 imminent

Thats us back through $800. Lets see if it holds!