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HPCsoYESTERDAY

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Posts posted by HPCsoYESTERDAY

  1. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I would agree that gold trading is highly dangerous. Don't do it unless you have lots of money to lose.

     

    You're better off buying physical. Hold it in your own hands.

     

    +1

     

    whilst I have nothing against the paper traders per se, it is not for me, keep it simple, move from physical au > ag and back around the ratio diffs if you want excitement!

     

    I am more ag now and as I trade a bit of physical ag as well, it has shown me what a different market the silver bullion / coin one is compared to the paper one; since the falls from $13-14 spot price, the difference in physical prices (excluding 1000oz bars) has been negligible. Also, whilst we're on the subject of ag spot price, it really doesn't want to go under $10 - watch it come back to nearer $11 again tomorrow. rinse and repeat, awaiting the breakout

     

     

     

  3. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Incase anyone missed this on the Gold versus Silver thread.

     

    ------------------------------------------------------------------

     

    Here's an article by Ted Butler on the merits of swapping gold to silver currently.

     

    An Exceptional Opportunity - Ted Bulter commentary - 7/10/08

     

    When fear and emotion run high, as they presently do, it often creates exceptional profit opportunities. In other words, when everyone is running scared and is concerned about risk, it is precisely the time to look for rewards as well. We are currently positioned the best I have ever witnessed for risk and reward in silver. The downside looks extremely limited and the upside looks explosive. Yes, volatility is great, but everything is lined up perfectly.

     

    I would like to revisit a familiar theme - the suggestion that gold-heavy investors take advantage of the extreme undervaluation of silver compared to gold. This is not intended as a knock on gold, or a suggestion that gold can’t or won’t go higher. It would not surprise me if gold moved much higher. I hope that it does. Then why would I suggest that gold owners convert some of their gold into silver? For the simple reason that silver should climb much higher in value than gold. Maybe two or three times, and perhaps much more.

     

    In fact, if silver eventually reverts to its historical ratio of 16 to 1 to gold, that means silver would have outperformed gold by more than four-fold. At that rate, every dollar invested in silver would return four times more than a dollar invested in gold. What are the chances that old ratio could return? Quite good, I think. [continues]

     

    The article also includes another below it, which seems very bullish for silver.

     

    COMING ON STRONG

     

    By James R. Cook

     

    I talk to silver analyst Ted Butler every day and lately I’ve never heard him give a more optimistic view on silver. About eight years ago he affiliated with my company and we’ve literally had thousands of conversations since then. Never was he willing to put his predictions in any kind of time frame. Now, in our private conversations, he’s telling me this is it. A price explosion is imminent. He may not want to go public with that bullish forecast, but with me it’s different. He claims the shortage in silver must now worsen and the price rise high enough to change the dynamics of silver forever.

     

    The one thing he always told me for the past eight years was that before the big upward explosion took place, the price would be crushed. He said the big shorts would be among the first to notice a shortage in silver. They would then do everything in their power to extricate themselves from their short position. They would manipulate a big sell-off so that when those who held silver on margin were forced to sell, they would buy back their silver and thereby reduce their short position. They could never cover all of it, but they would make their short position more manageable. They would still be trapped and suffer losses when silver rose, but they would only lose a toe and not a foot. [continues]

     

     

    It takes balls to come out of gold now and go into silver, and if ag outperforms au in the long-term the risk will be rewarded (obviously!). Personally, I am very bullish on silver, it is tracking gold now better than it has recently. However, for me ag is a much longer term hold than au.

  5. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    If you're like me and generally out and about most days, you may be keen to keep up-to-speed on how G&S are doing using your mobile.

     

    I tend to have a load of different bookmarks on my BlackBerry and iPhone to achieve this, but it's quite messy.

     

    For a while I've wanted to move away from this and just have a SINGLE "dashboard" type URL that I could use to see what's going on with the price of Gold and Silver.

     

    I couldn't find anything out there that worked, so I've hacked together a page that displays images from Kitco and Silverprice/Goldprice - I've put it here: http://bobsta.com/pm/

     

    It renders nicely on my BlackBerry and iPhone and at least some of the charts should work well on most phones - so I thought I might as well let you folk know so that you can use it if you want.

     

    I've placed a link at the bottom of the page to this thread in "Lo-Fi" and "Full Fat" modes. Each month when the thread changes I'll make an effort to change the link.

     

    If anyone knows of any better portal-like sites please let me know... or if you'd like me to customize the page to add in charts for other PMs then I'd be happy to (or put together other custom ones).

     

    Feel free to use and abuse (or not). All input/suggestions welcomed.

     

     

    cheers for that - i use an N95 when I'm out and about and use this site for forex: http://www.ukforex.co.uk/mob/sr.asp

     

     

     

     

     

     

     

  6. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    We're at the top of your 'channel 2' now Ker, your model's worked very well so far are you expecting that this resistance will be strong?

     

    In the temporary absence of Ker, maybe this will interest you:

     

    http://www.nasdaq.com/aspxcontent/NewsStor...nternational.na

     

    Technical-chart related buying in December gold was triggered as the metal moved through $898.80, a dime above the Oct. 1 high, Young said.

     

    Additionally, gold is back above the 200-day moving average that currently passes near the $909 area, Nedoss said. "A close above that is very, very positive," he said.

     

    The next key chart level to watch, both men said, is $932, the peak from Sept. 29.

     

    "I think there would be a ton of stops above $932, basis the December," Nedoss said. He put the next level above this around $940.

  7. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I don't think that most buyers of gold are that worried about inflation, much more worried about instability. Any tangible asset will hedge inflation to some extent, but most assets are going down rather quickly.

     

    So I would expect "good" news for the general economy to lift shares and commodities and dent gold, but only for the 10 minutes it takes to work out that the news isn't really that significant.

     

    I have to say, I thought that gold would either rocket or plummit this week. So far it has done neither - it is actually working as a safe haven, and very ironically, a hedge against a strong dollar! Still, you takes your gains when you can get them, I'm sure.

     

    FWIW, I mostly agree, my take on the pog at the moment is that the coordinated rate cuts will restore some confidence into the markets and gold will have lost some of it's recent shine. However, this just makes the case for buying gold stronger in the long-term, as the threat of inflation will be very real once the balance swings from flight to cash ($) back into equities, commodities etc. Interesting times nevertheless.

  8. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Platinum?

     

    $996 against gold at $910

     

    Is this not a better buy ? considering it hit $2300 in the past

     

    is it not ALWAYS worth more than gold

     

    I bought some 1/2 oz plat. eagles from kitco last week - here's a wee snippet from yesterday:

     

    Similarly, the Mint said that all denominations for

    American Eagle platinum bullion coins were depleted last week,

    and it would halt production for the rest of the year once the

    remaining inventory was depleted.

     

    http://www.reuters.com/article/fundsFundsN...07?rpc=401&

     

    I am still in much bigger au than pt, but will buy pt weakness now relative to au

     

     

  19. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    All of my PM investments have been in silver up til July, when I went for gold instead. I'm seriously thinking of getting out of silver for a while until things are clearer - this deflationary scare may well put it below $10, as some here have said.

     

     

    If it's physical and you want to sell it at up to 25%+ spot please pm me :D

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    yup, there are loads of bullish articles. Now look at the stock prices. Someone isn't convinced.

     

    I am listening to schiff at the mo and he tackles this via a couple of questions from buyers of his funds

     

    http://www.europac.net/media/PeterSchiff_10-01-2008.mp3

     

    now in fairness they are talking about utility companies but I think the same answers would apply. fwiw, I don't have juniors so I respect your pov given the performance of the 2 you still own.

  21. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Stunning call Ker!

     

    Just a shame I didn't trade it. :(

     

    Yes - that's twice now ker has called it very well in as many weeks (provided it doesn't go lower!)

     

    can someone tell me where I can buy physical silver in small units at $11-12oz ?!

     

    the 1000oz bars are just a bit too big for me!

  23. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Seconded Casimir, my concern about physical-at-home is how to store it with less risk than the risk of systematic financial meltdown rendering my BV 'unsafe'.

     

    P.S. I live overseas, but will move back to the UK c.2011 (hopefully in time to buy a nice pad for not that much cash). What are the legalities and practicalities of moving physical bullion across the world? I can't drive to the UK so it would need to be by plane or boat.... Not sure I want pickfords packing up my gold nor I am clear if I can take it as 'hand luggage' on the aeroplane....

     

    Wanderer

     

    Send the coins in small quantities AIRMAIL + INSURED to your destination address prior to leaving. I sent some coins yesterday to China using Royal Mail Overseas 'signed for' + extra insurance. Most countries will have similar systems.

     

    Alternatively, do you have any family in the UK to 'hold' the coins for you?

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