jinbal

Sorry, but I completely disagree with that assertion. I do think it's easy to think that there are when we all hang around investment/economics forums and read articles that most would find obscure and have gold front of mind every day - but I doubt many others do. From what I see out on main st, nobody and I mean nobody I know is talking to be about buying gold (even the ones that think they're financially savvy). Most people IMO still think property investment is where its at....

LOL Classic

Well its one or the other! Looking at the leverage involved I know where my money is :lol:

He's changed his tune - have you read Hot Commodities? In that book he was luke warm on Gold saying the complete opposite of what that article says re mining exploration (i.e. everybody is at it) That book is a few years old mind

was just thinking that - I should start researching and drip feeding very slowly (i.e. my monthly salary savings) to build a medium - ish position

Yeah I hear you I'm 50% Gold and have a FX trading acc for the "trading the swings" part. After some practice and the right methodology (i.e. daily and weekly timframes) you can work it so that you only have to spend 30 mins a day checking the end of day status to see any signals. TBH - I's much rather have cash somewhere where it was yielding (like equities) but don't see anything with low enough risk now so AU it is

Well I certainly think India has piped in with their opinion on that.....

Good point But I'm beginning to wonder whether we will actually see another "event" such as the violent credit freeze and subsequent deleveraging that we saw in 2008. After all Why would we? - I strongly beleive that what we saw late 2008 was a shock, "unexpected" (to the mainstream ,not us). The CB's clearly now stand ready to fight any liquidity issues to the point where even the first whiff of a freeze will be met full force. Does anyone really think we will see a deleveraging panic equal to 2008? not IMO - I fully believe that it WILL happen but the style in which it occurs will be different - think the slow grind fought by CB's every step with their printing presses. It seems that many are preparing /positioning for a set of events that are similar to the panic deleveraging of 2008 - is it possible to get the deleveraging without the panic thereby opening the door to changed inter-market correlations?

LOL - I just showed the missus the "see you up there" line never fails to make me chuckle (Don;t ask me why)

I'm not. Buying this way allows them to purchase big with out de-stabilising the price - I imagine it would be very difficult to buy that large on COMEX without causing a dislocation? Of course if it comes out in MSM after the event it's not unfavourable for them Also there is the issue of delivery from COMEX - I would imagine that the IMF would always be a better bet than COMEX in that respect

That the $ has much more updside potential than Gold here and now Is my understanding correct? If so what's your outlook for GBP in this context? adressed to FB and Dr Bubb. (and everyone else of course)

Don't you bloody dare

maybe a longer term daily look would help? OT I know soz but i think it's relevant from a USDX pov. Edit: I see yours in monthly - heres the daily

I'm Indian (Born and raised in UK). My Grandmother has always stored her wealth in physical gold (jewellery mainly ) in her possession which was routinely melted and remelted and sold when required. It never really clicked with me until now what this means especially as the message is always to hold your gold. A couple of years ago she sold some of her gold to buy land in India to build (a very nice) house on. Needless to say that I've instructed her not sell any more! Just an insight into the culture

I am mindful that being a Friday, today would be a good day for a smackdown in order a to prevent a weekly close above $1000, which as we know would be technically significant.

This is very significant IMO. Mish has said before that he expects Gold to rally with USD - being money and all. I wonder if this is what we are seeing finally (whereas last year was the deleveraging crash and rebound). Gold in strong hands now?

+1 I would have preferred a retest of previous resistance from the other side 960/ the down trendline before a continuation on - This feels a bit like too much too soon

Again: Gold popping up Dow struggling

I think that after the thorough beating we all took last year, we're all kind of pre-wincing like waiting for the punch. Lets hope todays price actions heralds a change in correlations

POG seems to be holding firm in the face of the equity sell off today. It'll be interesting if it can contiune to hold during a big selloff - may reflect the reduced leverage that the big selloff last year has caused?

Check out the MACD divergence there - its telling me it wants to pop up

Hi FWIW I'm assuming that you're looking to see how far house prices will retrace in this correction, in which case I think you've drawn your fibs the wrong way round - could you possibly draw them from the 1996 low to the 2007 high i.e price retraces to the 23,38.2,50,61.8 in that order. Great idea BTW - i've been looking for a similar chart but never found one. thanks Jin

thats not a Bullish Engulfing IMO. - the low needs to be below the previous days low

Mish loves gold He just doesn't subscribe to the inflation = good for gold /deflation = bad for gold argument. He thinks gold is going much much higher from here as it is real money - he has some pretty good arguments

Jesus Look at the sales volume figures for London -65% yoy agents surely can't take much more of this - they must be praying for volume to rise soon