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Mr Pipples

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  1. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    There seems to be plenty of pro-gold sector articles about right now but here's a couple:

     

    Gold Price Set to Explode Higher on Surging Monetary Inflation - by By: Jim_Willie_CB: http://www.marketoracle.co.uk/Article7500.html

     

    Last paragraph:

     

    AWAKENED GOLD PRICE

     

    The US Dollar DX index has topped. Conversely, the gold price has bottomed. Each has experienced a clear vivid pronounced reversal off the extreme. Signs point to December as being a battleground month. The moving averages have begun to reverse, a more stable signal. A MACD crossover is near, which would give a billboard notice to technical traders. Beware that this is the phony paper gold price. Actual large physical gold transactions are conducted at prices in excess of $1000 per ounce. The undue influence of paper price discovery is soon to end. As the Gladiator said in the 1999 movie by the same name, to the phony emperor who usurped power, “The time will soon come to an end for you to honor yourself.” Expect severe discontinuity in the gold price in the next few months, maybe sooner. If Keiser and others are correct, and the assault on the COMEX gold succeeds to liberate its price, a gap up is assured, a big gap up, like a few hundred dollars per ounce. Now is the time to hold firm your gold and silver metal. Sell the children, but do not sell the precious metal.

     

    Financial Mayhem to Fuel Gold’s Next Surge? - by Sean Brodrick: http://www.moneyandmarkets.com/financial-m...t-surge-3-28362

     

    ...So we have this combination of forces: Powerful fundamentals on the one hand, and the potential for more financial chaos on the other. Put them together and you can see that gold could go much higher....

  3. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    That would make it more obvious though, as he would be posting the same information and chart under different user names. Unless he did different charts for each user name.

     

    Maybe Ker should change his name to 'Austin Powers - Man of Mystery' - or has that already been lined up for cgnao?

  4. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Need some help with some really really simple maths here guys - I keep screwing it up!

     

    I've been averaging in and made 3 transactions on GM over the past few months:

     

    1. £4,814.85 at £15.7103/gg spot rate

    2. £2,887.85 at £15.5654/gg spot rate

    3. £16,356.11 at £15.348/gg spot rate

     

    What has my average spot rate purchase been?

     

    I'm going round in circles and can't work it out for the life of me!!

     

    Cheers :)

     

    £15.447 I think - if I didn't make any mistakes.

     

    Total up the £xgg then divide by £ spent.

  7. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Also, just got a message from GM regarding collection of silver from London with this:

     

    1% commission fee with a minimum of GBP500 from the agent in administration costs

     

    (Would apply to gold too no doubt.)

     

    Not happy about that! Pretty cheeky IMO and makes actual collection from GM more expensive/less appealing... Hmmm...

  8. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Were the others a large quantity [can you remember]?

     

    I’ve only got a small amount of gold in BV, but it would be nice to think I could withdraw it in the form of coins / small bars

     

    There's quite a lot of restrictions involved with withdrawing physical from BV - check website - inc' (I think) that it'd have to be in LBMA bars (@400oz gold).

     

     

  10. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Lots of flip-flopping evident lately although I'm as guilty of it as the next guy. Frankly, as long as sterling continues its descent, I'm happy enough. My gold's doing its job !

     

    Yep, G&S down but £ down more so... Thinking of putting the last bit of £ I have in savings into G. It would seem that £ = toast. Oh, lordy... I think RH with his deflation = fiat crisis theory could be right. Surely the crap $ will pop too - what the F does it stand for?

  13. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    LOL! .. I've got to say in this current market I'm more and more inclined to agree that TA *must* be getting difficult if not impossible. You have organisations going bust or being bailed out, central banks slashing rates, stock markets yo-yoing. When the fundamentals and external factors are swinging around all over the place, how on earth can the charts (which show where the money flowed in THE PAST) have any real bearing on the future? - other than the fact that a lot of black boxes out there are trading according to how they've been programmed - which is to follow the charts.

     

    Add in a spot of market intervention/manipulation and it really becomes a lottery.

     

    A year ago I was an anti-chartist. Having read up quite a bit, I'm now more of a believer and I feel they have real value.

     

    But right now? In this climate?! ... tenuous, at best.

     

    I guess that's the real pain in the ass.

  14. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    :P

     

     

    You are getting just an itsy bit paranoid, GF. Nothing weird happened. Many commentators called it correctly. I think your "all in plus the overdraft" approach may be slightly distorting your perceptions of reality. "I called it wrong", (for now at least), may be a much simpler explanation that fits all the facts? :unsure:

     

    As for panicing "insecure suckers", the gold bug rhetoric of "buy now, all in now, or it will be too late, and you will be ruined, muhahahaha" is pretty blatant in that respect.

     

    There was this, as an example: Silver market fixing under official investigation - http://arabianmoney.net/2008/09/25/silver-...-investigation/

     

    ...Official data from the CFTC showed that two U.S. banks had increased short positions in the silver futures market between July and August by 450% and controlled 25% of the total open interest.

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    i think positive charts will be showing up later, after the crisis ends. but I don't know why are you worried?, i also hold physical, I bought silver at 17, at 15, and 10, whats the problem with going down if you are not planing to sell it until 50 ? just buy more and that's it. You should see this chart as an oportunity to load up more to your portfolio, not as a scary halloween movie ;)

     

    That may depend on how close you are to 50...

  17. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    That bloke from the World Gold Council says that any shortage of coins and selected bars is down to the spike in demand catching the mints unawares. Apparently these producers don't just run off loads of coins/bars and have 'em lying around on the shelf waiting for punters. Doesn't explain the disparity between COMEX and physical prices, though

     

    You get pro-gold as well as anti-gold commentators dismissing shortage claims... I have read though (I will have likely posted the article(s) up here somewhere) that records show the US mint has, in the past, been able to churn out a far higher number of coins then it's doing right now - so maybe it is a supply problem (or they've been told not to?) rather then processing delays.

     

    I am not sure that there is a "disparity between COMEX and physical prices". You can still buy physical from GoldMoney for spot + small commission.

     

    True. Not easy to actually get this gold in your personal possession though (unless you can afford @400oz). More doable for silver though...

     

    Equivalent to listening to John Nadler :unsure:

     

    The enemy :D

     

    Reckon? I thought he was pretty pro-gold on the whole. I was expecting it to be more anti...

  22. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I'm really not so sure the gold cartel are in control anymore, as this warp speed deleveraging process is simply crushing the leveraged paper gold system.

     

    The last thing the cartel will want is paper prices so out of sync with reality that physical starts being demanded from the exchanges en masse. This is where default could become an issue and the whole paper scam may be exposed.

     

    Imagine $600 paper gold but $200-$300 premiums within the retail sector? This is a situation that cannot last.

     

    I'm watching closely for Backwardation for a sign we are approaching this moment.

     

    Bring it on!

  24. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    So - bearing that in mind, why not try just not looking at the price of gold for say a year.

     

    People sound too desperate trying to bolster their own 'investment' decisions by looking for agreement with others.

     

    It really doesn't matter - just look at some of Goldfinger's long term graphs, lay it down like a good wine and forget it. Or just treat it as the ultimate form of insurance. The rest is noise. Unless, of course, you really think of it as a form of investment?

     

     

    Problem is that these threads have turned into a short term/trading discussion.

     

    I might soon start a new thread where I will discuss longer term issues only, like the one I have on GIM.

     

    There maybe are a few on here who comment from a trading perspective but I think there's also a fair number of people who've thrown a big part of what they have into PMs - cause they figured it the best thing to do considering the scary shit that's going down. Depending on situations, this may have a serious, major effect on their (& families, dependants, children) future well-being. Can't blame them for being bothered by how things are playing out.

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