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Perishabull

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Posts posted by Perishabull

  1. Gold is bound to shoot up now.

     

    My March GLD calls just expired !

     

    == ==

     

    One big bank is getting out (of a derivatives business)

    while it still can:

     

    Rabobank to Close its Equity Derivatives Business

    Forex Magnates - 21 Hours ago

    Dutch banking giant Rabobank has announced its exit from the equity derivatives business, the bank feels the service does not constitute a core role in its overall strategy and its contribution to the

     

     

    That's fine by me, my April calls still have some life left in them!

  2. I was interested to see that Bob Hope and his wife both reached the age of 100 or more. Was that coincidence or was it related to their attitude to life?

     

    Hopes home in the desert had an enormous terrace open to the sun and weather that was built into the roof to enable him to host parties for 300 people on that terrace alone where his home became a social focus for the desert lifestyles golfers and friends of the Hopes

     

    What is it that defines truelly healthy and beautiful people? is it just chance or is it a certan attitude and way of being relaxed in our own skin for the limited amount of time we have for this journey of life? For sure if you want to live to 1000 you will need to be a different kind of person to the kind of person who has lived before you.

     

    But to live to long may not be desirable, eventually life will be so different to what we have now it will be unrecognisable.

  3. What about these cosmic rays, some of which make it through the earths atmosphere. Brian Cox was explaining it on his 'Wonders of life' programme recently. One of those flying through your body every second must cause a lot of damage over a lifetime.

     

    Maybe the tin foil hat isn't such a bad idea after all!

     

    Clothing in the future will account for this factor perhaps, a new market in the 2020s...?

  4. maybe to do with the speech Bernanke is giving today?

     

    Must be...

     

     

    "Bernanke: QE benefits clear, risks manageable

     

     

     

    WASHINGTON (MarketWatch) — Federal Reserve Chairman Ben Bernanke sent a strong signal Tuesday that he backed the continuation of the central bank’s $85 billion bond-buying program.

     

    “In the current economic environment, the benefits of asset purchases […] are clear,” Bernanke said in remarks to the Senate Banking Committee. See MarketWatch’s live blog on Bernanke’s testimony to the Senate Banking Committee.

     

    “The bottom line is that it is QE3 until the job markets improve substantially,” said Sal Guatieri, senior economist at BMO Capital Markets."

     

     

     

    Oh my god, we could be waiting some time.

  5. A couple of interesting articles from Ambrose Evans Pritchard related to the recent price moves.

     

    http://blogs.telegra...gnal-for-china/

     

    http://www.telegraph...exhaust-QE.html

     

     

    If I understand correctly he is saying that the price falls are due to mutterings from the fed about QE being restricted or being brought to an end.

     

    Pritchard makes the point that this will be very difficult to do.

     

    The idea that QE will lead to inflation seems to be going mainstream.

     

     

    My hope is that the price falls are a market over reaction to weak comments from the Fed about restricting QE and that Gold and Silver's upward trajectory will be resumed.

     

    Sinclair responded to Pritchard - see thread regarding Sinclair's Jsmineset

  6. http://metro.co.uk/2013/02/20/liverpool-homes-for-sale-for-just-1-after-failed-regeneration-project-3505106/

     

     

    "Liverpool homes for sale for just £1 after failed regeneration project

     

     

    Residents in Liverpool could bag a bargain home in the city after officials announced plans to sell off derelict houses in a failed regeneration zone for just £1.

    City bosses hope the move will revive a stalled project after months of delays caused by the council’s decision to break off talks with developer Leader1.

    The firm had been in line to redevelop hundreds of homes in the ‘Granby Triangle’ but city leaders pulled the £25million tender after the company failed to meet deadlines for signing the contract.

    Deputy mayor and council finance chief Cllr Paul Brant said: ‘This allows people who may be excluded from mortgages but have construction skills to play a part in the regeneration of their communities.

    ‘It’s been proven to work in other parts of the region.

    ‘We’ve seen that the private sector model has not succeeded so far and, through this way of doing things, if there is any profit it will stay with local people.’

    Since it was revealed the deal had fallen through in November last year the boarded up homes have remained empty.

    Now, the council proposes to sell off a cluster of houses for just £1 to residents – on the condition they will be brought up to a decent standard.

    Private landlords will also be able to bid for the tender to refurbish some of the vacant homes and then buy the freeholds for £1."

  7. Sentiment on gold has dropped markedly with its latest push lower. Sentiment is under 42% for only the 2nd week in more than a decade.

     

    (Although prior to 2001 sentiment would often go down as low as 20%)

     

    Info from sentimentrader.

     

    It's consistent with "new dynamics". Extremes in sentiment, when they do not produce a bounceback, tend to result in a "new norm".

    The Gold bulls should be VERY concerned right now.

     

    Well, the other week where sentiment was this low was 2005, and clearly the bull market continued.

     

     

    Chart from www.sentimentrader.com;

     

    goldsentiment_zpsb27b01ad.png

  8. Casual interest in gold is dead as a dodo.

    Kitco traffic is down 65% since peak.

     

    http://www.alexa.com...einfo/kitco.com

     

    I don' know about others but I don't often visit Kitco anymore, I think interest in that has probably waned due to lack of credibility of Jon Nadler.

     

    On the other hand Jim Sinclair's JSmineset might be of interest in terms of sentiment;

     

    Here's traffic to JSmineset with the price of gold alongside (GLD);

     

    H1Imd_zpsf13d9900.png

     

    and combined;

     

    Combi_zps80ef7e91.png

     

    Note that I have taken care to exactly align the date scales of each chart.

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