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Everything posted by dietcolaaddict
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Looks to me like the seasonal dip may be starting, and thats a good thing for 'buy and hold' types I remain keen to buy big in late summer - a strategy that has worked well in recent years. Averaging-in over late Aug-Sept-early Oct
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Yes, its clearly a novelty piece, perhaps for a (rich) company HQ, a (rich) private investor etc.. If I had that much to spend on Gold, I'd just want good delivery bars and nothing any more unusual or that attracts attention. Is there any CGT advantage to it having a monetary value and a Queen's head on the coin? Probably not, I'm thinking, as the face value is in dollars (itself strange for a coin with the Queen's head). I suspect to a taxman, this is not officially a coin - it's just a block of gold cast into the shape of a coin.
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How to buy your physical coins at spot price...... 16 STONES of precious metal: World's biggest gold coin sold at auction for £2.68m http://www.dailymail.co.uk/news/worldnews/...tion-2-68m.html
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NWODKCAMS - thats a smackdown in reverse
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That's $1250 taken out. Let's celebrate with a few images....... Suzuki 1250 Bandit Schlüter Tractor 1250 VL
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I'm with you on this RH and came to the same conclusion independantly. What I would add is the seasonal benefits of each - I have a theory that silver is best for any takeoff at the September(ish) seasonal gain in bullion prices as it provides greater % gains, Gold is best 'defensively' during the summer doldrums we are now approaching for its stickinesss when gains need defending.
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A 'failed smackdown' pattern, although the peak-to-trough is smaller than previous intraday 'failed smackdown' patterns at around $10. Sounds quite positive for next week, but 3 days is a long time at the moment given all the bearish news around. Next market trading day is officially June of course - so was are now in doldrums season. The times to lighten up gold exposure for seasonality followers are as far as I know March (conservative) or May (more bold). I must admit to not buying the past few months at these prices, and to sitting on a growing pile of savings cash. Prior to the general election, I moved this cash into USD and CHF , expecting a hung result and a (short-term at least) fall in sterling, but will be looking for a gold price dip in these currencies over the summer to average in with more physical for my core position. Experience had taught me never to buy into strength, and while I appreciate the 'buy same time every month - its a 20 year bull run' argument, this never works for me as I tend to naturally buy at interim tops unless I act disciplined and buy into weakness. A disciplined series of buys before early September seems my likely next move.
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Silver Sammy alive and well.......reincarnated as a prominent poster on HPC RBCI
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'Failed smackdown pattern' developing currently in NY time. In my experience, this is bullish for the week ahead.
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Customer email from Goldmoney: G O L D M O N E Y A N N O U N C E M E N T Dear Sir or Madam, The Deutsche Edelmetallgesellschaft and GoldMoney are pleased to invite you to the "Silver & Gold" Event on Tuesday, 8th June 2010 Start: 19:00 pm (Doors open: 18:40 pm) Venue: Frankfurt am Main, Hotel Monopol, Room Haydn, Mannheimer Str. 11-13, D60329 Frankfurt a.M., Tel. 069 22737-0, directly at central train station Speakers at this event are GoldMoney founder James Turk and 'Silberjunge' Thorsten Schulte. The host speaker will be DEG-Co-founder Peter Boehringer. Attendance is free for GoldMoney customers. Reservations can be made (to be guaranteed a place) by Email to peter.boehringer@edelmetallgesellschaft.de. We look forward to meeting you.
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Gold has increased more in £ and $ terms than as a basket of currencies (USDX weighted). The kitco gold index since 2000: PS Record high in $ coming this NY pm by the looks of it
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Gold closing in on its record high in USD today. There is a jump up this morning in london hours. Anyone know why?
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UK stuck in a nightmare scenario of hung parliament and indecisive governance during a developing soverign debt crisis. It's a perfect storm. Even house prices are down (MoM -0.1% halifax for April, with +ve expected). 200 oz for a house by mid-summer ? (and then lower in 2012/13/14?)
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It's not a rocket. It's an appropriate aeroplane pic to celebrate a new GBP price landmark!
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Good analysis RH, I agree with you, and am buying dollars at the moment with £ monthly savings. Can't stomach buying into the current strength of the GBP price of gold
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are the dates of gold option expiry, according to my calculations (December is a bit of a guess - dont understand trading holiday arrangements over festive period) Can anyone confirm? I've used this rule
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Does anyone know how to work out the options expiry date for december? Other months are OK, by the rule below, but there seems to be uncertainty over whats a holiday or not at the festive time. Help appreciated
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Your punishment is to 1) sign in to HPC 2) find a RealistBear thread 3) say something complimentary about his economic forcasting
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It's not a bad bet that the pound gets hammered too if there is a hung parliament election in the UK. New Sterling highs for a while perhaps?
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Looking good! But let's not tempt fate Anyone who posts a rocket should be sent to the naughty step for a week.......
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You may well be right warpig. I see a "failed smackdown pattern" in NY time today, which suggests to me, from past observation, of a bullish period ahead.
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I'm not planning on buying any gold at the moment as I'm uncertain about buying pre-doldrums. But I am thinking of loading up my Goldmoney account and swapping the £ to USD (0.5% fee) pre-election. I think gold will be lower in USD terms later this summer. I also think the £ is unrealistically strong against the dollar pre-election.
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I was worried the summer doldrums were starting today but a nice V-shape in the daily spot price says no.
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I agree with this. I see silver as a bit like oil in that it has a gold-to-xx ratio that fluctuates about a bit that can be used for longer term trading positions to enter when cheap and exit when expensive. Gold is the currency to accumulate profits and had a nice resistance floor to hold and protect profits in. I guess at some point this summer we will see a test of that floor - perhaps at $1040 ish, where the Indians bought.
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Gold already at the races this morning........ Talking of which, it's the Grand National this weekend. For all precious Metal affectionados its got to be*: Silver Birch 66-1 But this horse, despite winning in 2007, is this year only a reserve. That leaves a tenuous second choice of : Cerium 50-1 Again a reserve, but very gutsy finishing 5th last year despite collecting a fractured skull in the process. Cerium is a "soft, silvery, ductile metal which easily oxidizes" (wikipedia) * Warning - betting is akin to short term trading. It would be embarressing to lose your knickers during the biggest horse run ever.