HPCsoYESTERDAY
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Posts posted by HPCsoYESTERDAY
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Great! some movement in silver finally
and some!
spectacular move - still it will be around $5 in jan/feb
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Nor am I, but last time they came together they were below the actual price. Would that suggest anything different?
hmmm, didn't think of that!
at the least I would assume that a plateau is forming with the averages, a floor or a ceiling?!
maybe Obama's stimulus package next year will decide
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now I'm no chartist, but the last time these moving averages came together there was a bit of a rise
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Thanks.......you can see another thanks on post No7
doh! I'm working too hard at the mo, that's my excuse
headmelter check out the link as well.....
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Yes, I am also wondering where to get some platinum, physical of course, any recommendations would be great.
http://www.greenenergyinvestors.com/index.php?showtopic=5328
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Hi,
This story seems like it has interesting potential were it to take off not just in India but elsewhere.....
http://goldnews.bullionvault.com/gold_coin...count_120520083
Wanderer
Interesting listen. 1974 was mentioned there, I sometimes think we are in a similar position to 1974, with gold having fallen from $1000+ to $700.
Also, like then, the falls in £GBP were not as marked as the $:
http://gold.approximity.com/gold_GBP_monthly_since1952.pdf
it would be good if someone could produce a graph comparing pog between £ & $ during the 70's
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surely if we get high/hyper inflation, house price falls with be curtailed pdq.
I was listening to the guest speaker on fsn last week http://www.netcastdaily.com/broadcast/fsn2008-1122-2.asx who predicts that property will be a winner again (albeit eventually) listen from 40mins onwards
I realize that the difference with the 70's may be that this time the inflationary event will be coupled with recession, but even so, if the value of the money greatly decreases, tangible wealth such as property will retain some value against the depreciating currency
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Whoever's in charge of the green felt-tip at Kitco has a very twitchy hand.
I can't help it- it has a mind of it's own!
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i think charts are still correct, but the timing is not, if it doesn't work on wednessday close, then charts will become completely invalid. (the gold & silver charts only)
layman, was this what you were looking for?
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It was nice seeing silver ignore the traditional daily smackdown that gold got slapped with today. Just carried on going . . .
get in there!
just broke $1 move for the day
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c'mon! more more more!!
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just broke $10/oz
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Do it Steve! Someone needs to bring this baby down so I can load up some more.
NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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If we close over 800 can we have a rocket?
NO friggin rockets!
thanks
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platinum and gold price getting closer, I buckled a while ago and bought some plat. eagles, question is, if we do get parity between au & pt, where can you buy pt now, because kitco are not selling any at the mo?
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6.60 next week
hmmm, that's some call ker
if it does drop to that price, I will seriously consider buying a 1000oz bar
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Still looks cheap to me. Adding in VAT, the exchange rate and per-coin shipping
13.03*1.175/1.4741+(250/300)
£11.219501
Edit: you won't get that exchange rate though. Add 2.5%?
aye, well maybe cheaper than cid, but still not cheap compared to what our colonial cousins might pay
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Silver Maple 1 oz ( Olympic Edition)
$13.03
Silver Bar 1000 oz
$9,830.00
You don't have to get ripped off! Kitco 1oz gold bar, spot + $16!!, 1oz siver coins, spot + $3
just to set the record straight, I am gonna tell you a story (Max Bygraves voice on): I bought 300 x 1oz silver coins from kitco in the summer, I paid approx. £250 insurance and shipping. After receiving the coins, I contacted Customs and Excise to enquire whether I owed them any import tax (because if I didn't I wouldn't have a leg to stand on should any funny business occur later on), they told me it was up to the importer (in this case the del. firm - FedEx) to invoice me. So....... I said to them; 'let's get this straight, I don'thave to pay unless I'm invoiced by fedex, because they were the importer and they would have paid the tax?' the reply came 'that's correct Mr. Agent'.
Well fook me as the weeks passed on I thought I had scored a blinder, only for the invoice to turn up eventually requesting the extra £
cheap silver? not on your nelly
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Agreed. I know a lot of people won't want to hear this, but I can't see gold going up again significantly for many months and I'm expecting further declines just before Christmas. Not that this will make any difference to the price of a physical ounce (so I'll keep drip feeding in that department), but I think it could be wise to start building a good cash pile in the meantime.
I would expect to get some good stink bids on commodity shares just before Xmas, particularly if we've had another sell off before then. If prices are further down I think the old end of year tax bargains game could be extremely profitable. Any thoughts for another end of year tax bargain list, Bubb?
I wish it would get cheaper in £ (not too much!) so I can add to the physical, but as these graphs show (1, 5, & 20yr), the price of au in fiat £ ain't getting cheaper!
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Does any body know what just happened to the gold 6 month lease rate? It appears they're paying you to lease gold. Would this have any thing to do with the potential Comex default? Hmmmmmm......
Found this article interesting.
http://seekingalpha.com/article/100677-mis...gold-could-rise
If I understand it correctly, the wider the spread between libor and lease rates, the greater the chance of a price spike. Or have I misinterpreted that?
this was a comment posted at the bottom:
The formula Brian mentions in his article is Lease Rate = LIBOR – GOFO. He therefore assumes that the amount that can be earned from the gold carry trade is the lease rate. However, that same formula can be restated as GOFO = LIBOR – Lease Rate. Which rate is the amount that can be earned from the gold carry trade?
Regrettably for Brian, it is GOFO, not the Lease Rate. How can I be so sure? Well when I worked in the Perth Mint’s Treasury and we borrowed gold, we were charged the Lease Rate, not GOFO. But don’t take my word for it. I quote from a booklet titled “A Guide to the London Bullion Market” issued by the London Bullion Market Association (who you would think would know what they are talking about): “Forward rate = Dollar interest rate – metal lease rate”
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Really volatile markets..
It'll be interesting to see.. which way Gold goes.
MusT SAY..Cg's Bottom is holding on as well.
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We can all throw together charts and draw lines and suddenyl see clear trends on them - however this does not account in any way for the situation and circumstances that we are in just now. Previously unheard-of forces are pulling on currencies, stock markets, commodities and PM's. Bond this with redundancies, unpredictable government manipulation and panicking masses and I genuinely do not see how your charts can account for all of these factors. None of us can possibly make these calls on charts.
yep - the charts can sometimes help from a ta pov, but given the backdrop of huge manipulation in major markets caused by excessive liquidity and add to that a massive de-leveraging into the $ at the moment, there is little the charts can tell us at this point in time.
keep the faith, gold will shine; I am fully prepared for a re-test of 700 so bring it on!!!!!!!!!!!
SILVER
in Gold, FX, Stocks / Diaries & Blogs
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ta for that