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Mr Pipples

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  2. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Go for Gold and Silver: Strategist - http://www.cnbc.com/id/32638139

     

    Hennecke stressed that investors should go for physical forms of gold and other precious metals rather than "paper gold investment scheme where there isn't full backing, where the metal might be leased out or used for derivatives. That's crucial because there is 80 times more paper gold in the market than actual physical metal in existence in the planet."

     

    Latest from Mish on gold: What's Behind Moves In Gold, Prechter, etc. http://globaleconomicanalysis.blogspot.com...es-in-gold.html

     

    1) What was behind gold's move in the Great Depression?

    2) What was behind gold soaring to $850 in the 80's?

    3) What is behind gold collapsing to $250?

    4) What is behind gold soaring again now?

     

    Clearly it is not expansion or contraction driving the price of gold, but rather something else. That "something else" is credit issues.

  6. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Everyone now seems to be calling for an upside breakout - Chris Locke on cnbc this morning said he expected up upside breakout -I cannot find any negative views at this time - Also most people are calling on a weaker $ , which should be positive for Gold

     

    appart from Dr B ? I still remain v.cautious - if there is a stock market crash I think the $ will quickly go up and gold down -

     

    Any other short term views ?

     

    Hoye maybe - http://www.greenenergyinvestors.com/index....st&p=123012

  8. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    From what I have read the so called "world gold council" far from what you might be led to believe are not the friend of the goldbug.

    They are on a par with Jon Nadler.

     

    IMO take what they say with a large pinch of salt.

     

    Yes. What was that about ignoring the purchases of central banks???

  14. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Graceland Updates - Gold: French Curve Again? Or Blast Off: http://www.321gold.com/editorials/thomson_...n_s_080409.html

     

    The good news is: Longterm, the bankers want gold higher, not lower! Do they want it higher now? That's a question, but not the million dollar question. The million dollar question is... Are We Prepared?

     

    Interesting read - more trader than investor orientated maybe... Anyone follow/subscribe/rate Graceland Updates/Stewart Thomson?

  15. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    My advice is don't panic buy and I don't mean that in a patronising fashion, I just mean play the market a little more if you already have a reasonable position. Personally I would make my move in the next 6-8 weeks.

    Yes, that's the sort of time frame I'm looking at - though I've added another 4 weeks on a few times already and am becoming a little wary of lack of action. (Were @900 and @12.50 the lows?)

     

    Still umming and arring between G & S though...

  16. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    If you are already loaded up, why buy on the rise?

     

    Perhaps you feel US dollars are about to self-destruct. If so, move quickly to a deflationist forum and read until you value the dollar. :lol:

     

    Cos if G (& maybe S) are on the general up - which I'm rather investing on - at some point (even though there will obviously be corrections) they won't come back down again below a certain point. And I wouldn't rule out seriously volatile moves... THE COMING SILVER ACCIDENT

     

    My expectations of a short-term strengthening $ are in doubt - when would you call it a day in your wait for a lower gold (or silver) price against the $? Or, are you all in and only plan to do the G to S ratio swap thing?

  18. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    1) The big manipulators have been caught short and will only default after trashing the price. Refer to the nickel default for further details.

     

    2) Near term global economic circumstances (up to 1 year say) tend to indicate lower prices are more likely than higher ones going forward.

     

    3) Despite all that's being reported by the silver pundits, there's a large overhang of commercial supply at present. Thorough objective due diligence will testify to this fact regardless of recent investment demand.

     

    Of course, I'm only human and could be wrong, but if I had to bet the ranch on it, I will always favour playing the percentages as it's generally more profitable that way in the long run. Needless to say, I could miss the boat entirely with my bleak outlook, a risk that I'm more than happy to take given the present set up however...

     

    Whoops - if you don't mind me asking - what's your general investment strategy/plan? Are you a trader or?

  19. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    has anybody actually tested the cgt-free nature of britannias/sovs?? i mean has anybody made a load of profit, told the tax office (and told them its tax free) and they have let it go through as non-taxable?

    i'm just wondering if they might get arsey and try to do you for it.

     

    All in the CGT manual - there's a link to it in this thread: http://www.greenenergyinvestors.com/index....ic=7038&hl=

     

    In short, there's no CGT on UK currency.

     

    Also, I've just updated it re. Goldmoney and Chattels too.

     

    EDIT: whoopsy - forgot to add link. Done now.

     

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    The thing is the doolally markets will not move in one way but go up then down, and up and down again. So even if the dollar slides to 70, have you lost anything if it spikes later to 90 or 100? Why not just wait for the market to come to you? Buy on weakness and sell on strength.

     

    But what do you call weakness and what do you call strength? Often hard to know with these levels of volatility (combined with that of other currencies) and lack of much consensus between those that many of us on here (well me, anyway) seem to listen to. Eg. was the recent dip down to near 900 the last weakness before 1000 becomes resistance on the downside or is <800 on its way?

     

    Hay ho. That's the way it goes. :rolleyes:

  21. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Gold Market Update By: Clive Maund - http://news.goldseek.com/CliveMaund/1248674940.php

     

    Pulling all of the above together we can arrive at the following conclusions: the risk of a reversal to the downside by the broad stockmarket and gold, silver and PM stocks has increased significantly in recent days. Despite this there is scope for them all to break higher and stage another upleg. Should this occur, however, the likelihood of a much more severe reaction developing later will increase dramatically, particularly as we move towards the Fall months. This will be especially true for the PM sector if the Commercial short position in gold continues to expand.

     

    Hmmm. I've tried to hedge some in recent months but frankly, - F knows... I don't really like holding the $ I set aside at GM though - so I can see me sticking it back in to G before too long.

  22. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I wasn't aware of that warpig, thanks. :)

     

    so you pay cgt on anything gold (& silver?) that isn't British then ? :unsure:

     

    how does that work then?

     

    just googled it & posted a link (obviously not for all on here by the sounds of it)

     

    CGT Info

     

    so how would people get around this then ?

     

    How do GOM. Take a look over at this thread: http://www.greenenergyinvestors.com/index....mp;hl=goldmoney Would be classed as a chattel I think. (£6k & 5/3 rule).

     

    I'm in the middle of investigating all this but it looks like there might be a chance the CGT chattel thing could apply to proceeds from sales of bullion at Goldmoney too. Will update the thread when I know the score.

     

    P.S. Re. GIM - think quite a few of the GEI lot visit GIM but it's a massive pain to get registered. They only open for registration for a couple of days every 4 months or so... Took me bloody ages but finally got in there. I just loiter in the gold stocks section.

  23. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Gold $1000 Quest, ZEAL - http://www.zealllc.com/2009/gold1000.htm

     

    The bottom line is gold’s quest for $1000 is nearing fulfillment. Not only are its fundamentals very bullish (including big inflation coming), but for the first time ever its technicals support such a move. $1000 is no longer overextended or overbought, but actually within multi-year and multi-month trends. It won’t require much buying by traders to push it over $1000 now, and $1000 won’t feel excessive given gold’s high base.
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