dietcolaaddict

Wow, $1110 broken, but looks like $1100 has been defended. It's a bit quiet on here today - everyone got a post Xmas party hangover or what?

"She won't go below $1110 captain, even at maximum warp"

Just bought some and going to average in more weekend/early next week. This is 'the dip' as far as I can tell, and I don't want to stay on the sidelines through Dec-Jan - a traditionally strong period. You bulls have been rather convincing of late

I'm appreciating all your thoughts here w.r.t. my predicament - I'm contemplating whether to buy more at the moment with newly-acquired funds (or stay on the subs bench a bit longer). I'm worried how hot RSI is, and also wish the £/$ exchange rate was more favourable for buying. I know you guys are talking fundamentals and I am talking technicals today. I'm not a big technical man - I'm just reminded of the last time I was in a 'lots of new funds' scenario - I bought big at $960 in early 2008 and sat underwater for quite a while.

Just a theory, but my learning on this forum tells me that : + Gold is over overbought at the mo + Nothing goes up in a straight line + look for cycles

End of month buying op when RSI cools off and price moves to 22 dma? Just a theory I've got......

I wonder if GF has a graph of houseprices-to-gold for Palm Jumeiria That must be fun to look at!

G-to-S ratio back up to 64 Interesting to see the ratio after tomorrow - Things are gonna move *FIREWORKS FRIDAY*

I'm going to sit and wait for my next (big-ish) purchase. I've got the dry powder for more but can't bring myself to buy at the moment into this strength. I've a large core position, so I am 'on the boat' before it sailed. I just would like to get a few recently-acquired items of luggage on board before the coast is out of sight.

Yep, I'm expecting that pattern at least one day this week as well. A climb to $1300+ is looking "all systems go" at the moment. Very frustratingly, I've just got major (well, major for me) new £ funds into GM today - wish they had been cleared a week or two ago. Past experience tells me not to buy into strength, but I'm not sure of a pullback at the moment, and light volume at thanksgiving holiday may push things up rather than down. I will be watching my Kitco KCast toolbar like a hawk!

Its mid-month and like mid-Sept and mid-Oct, the $ daily chart had RSI >75. This has led to a buying opportunity towards the 26-28th of each month. Same pattern again forming this month? Buying op ahead?

Correct - GBP holders are buying at a favourable exchange rate against the dollar at the moment. I'm still buying gold despite the record high in $ price for this reason. CGNAO's most recent 'houston we have liftoff' chart is in GBPs.

Mighty impressive day from gold again. I'm looking to buy on a dip with some new funds,but I'm not sure a dip is coming!!!!

I agree. All set at the moment for a GEIers perfect christmas in the UK: - PMs all well up in $ - $:£ still quite favourable for buying more right now (it can't last much more at 1.68, can it?) - houses about to crash big-time This Christmas all wise men carry gold, none of that frankincense and myrrh 'tat'.

You may be right Pixel8r, the big test comes at $18 though - we will see then if silver follows gold in an upwards direction

"The cheque is in the post......." says Fergus Wilson. Mortgage arrears of couple who rode the buy-to-let boom estimated at £350,000 http://www.dailymail.co.uk/news/article-12...ed-350-000.html OK, the source isn't the most reliable but here's the first bit of smoke prior to the '2010 Wilson housefire'. A prime slot awaits them in the BTLers graveyard next to the gravestones of Phil Spencer, Inside Track and Grant Bovey.

Gold showing good bounce-back-ability at the week close - nearing $1120 again. Silver again struggling a bit at $17.4. G-to-S ratio now 64. That monthly dip in gold price around the 28th shows up well here. Look how a 22 dma (thats a month in workdays, right?) acts as this support. A buying op on this 28th (Fri 27th/Mon 30th) at around $1080 maybe ?

$1116 /oz for gold (new all time record), silver still sticky in the mid-$17s (not even a high for this year)

That Silver British Rose is really beautiful!

I've lightened up a bit on silver by swapping it for gold at GM. The G-to-S ratio is getting sticky at 62-59 and I am not sure it will fall further in the short or medium term. Basically, I think a correction in stocks is due, perhaps now overdue. I prefer gold at the moment as it has at least two sizeable floors ($1000, $925 / oz) for this eventuality. I just don't see where the resistance is in silver and I am worried a stock market correction will pull silver way way down. I'm happy with Pix's $1300 target for Gold target , but silver is getting the heebie-jeebies around $18 and I just don't see $28.

I'm noticing more and more of these "post us your old mobile phone and we will send you a cheque" based companies on TV and in the newspapers. www.Envirofone.com Is this one of the reasons? http://uk.reuters.com/article/idUKT13528020080427

Gold now flirting with the $1100 'barrier'! 1091.2 !

Gold is talk of the town again over at HPC. http://www.housepricecrash.co.uk/forum/ind...129378&st=0 Maybe we are not all tinfoil hat wearing doom-mongerers after all!

Kitco Gold Index today: Gold Price Change due to Strengthening of US Dollar -1.85 Gold Price Change due to Predominant Buying +26.05 Gold Price: Total Change +24.20 http://www.kitco.com/kitco-gold-index.html

Silver seems to have less of a 'floor' than gold. It seems to be falling more and rising less at the moment than gold!