Perishabull

Sounds good, keep us posted.

I saw an interview recently with Kris Hopkins MP, the current housing minister. He was being quizzed on whether the Help to Buy scheme would perpetuate another housing bubble. He explained that we were nowhere near a bubble, his justification was that housing transactions are only 60% of the level they were at pre-crash. So his benchmark for 'normal' volume is the euphoric frenzied activity prior to a crash. Surely he's not being serious. It just seems to be unofficial government policy to keep the housing plates spinning eternally. I've just been to his parliamentary web page, Kris has a degree in communications and cultural studies from Leeds University so clearly he is the right person for this job, ie stating the Help to Buy scheme is for one reason rather than the actual real reason.

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I've been looking into trying trancendental meditation. I've just been reading online about it, apparently Ray Dalio is into it. From the GQ guide to trancendental meditation; "But the name that jumped out most when I started looking at TM's fans was Ray Dalio, founder and chairman of Bridgewater, the world's largest hedge fund. Dalio is a superhero of the financial world. And what the 63-year-old has to say about TMwhich he started doing forty years ago, in collegeis not ambiguous: "I think meditation has been the single biggest reason for whatever success I've had." This from the thirty-third-richest man in America." Now THAT is interesting. http://www.gq.com/life/health/201309/gq-transcendental-meditation-guide

Interesting charts from Silver seek -http://www.silverseek.com/article/don’t-miss-out-these-important-charts-12615

Chart from 10th September;

Zeal LLC seem to think this looks like a positive point for silver; http://www.zealllc.com/2013/silverlp.htm "The bottom line is silver today looks to be on a powerful technical launchpad. Despite extreme fear and despair near its brutal late-June lows, silver bounced off the confluence of multiple major support zones and has been rallying on balance ever since. It remains out of favor and way too low relative to gold, which gives silver enormous potential to far outpace gold’s advance as the precious-metals uplegs accelerate. As always emerging out of hyper-bearish major lows, mainstream investors haven’t caught on. You won’t be hearing about silver’s new upleg on CNBC until its lion’s share is already past and the big easy gains have already been won. But for the brave contrarians willing to buy low when few others will, the bullish implications of today’s silver support convergence offer an exceptional opportunity to get in early and cheap."

That was indeed a good time to buy silver...;

bump

May be a buy signal....?

Perhaps it could be merged with this one http://www.greenenergyinvestors.com/index.php?showtopic=15517&p=230573

Chelsea BS are offering a 5 year fixed rate for 2.69% (75%). Unbelievable. I'm rather doubtful that these same low rates will still be around when we are due to switch to another deal in April 2015....

Well perhaps Flipper might be interested? After all house prices are rising at the "fastest rate since 2010" according to the Beeb. (This is really a headline for the Daily Express) "UK house prices 'rise at fastest rate since 2010' UK house prices have risen by 5.4% in the year to August, according to the Halifax's latest house price survey. It is the highest annual rate since June 2010. On the Halifax's measure, the average price of a house also went through the £170,000 mark for the first time in five years. However, the figures are still well below the peak of the market in August 2007, when the average price was almost £200,000. The Halifax said housing market activity was up thanks to an improving economy, low interest rates, and government-backed schemes such as Help to Buy. Earlier this month the Nationwide said house prices in August were rising at an annual rate of 3.5%, slightly slower than in July. The Nationwide compares prices in one month with the same month a year ago. However, the Halifax compares a three-month period with the three-month period in the previous year. Continue reading the main story UK house prices Year on year % change Martin Ellis, the Halifax's housing economist, said: "Overall, house prices are expected to rise gradually over the remainder of the year." The Halifax believes below-inflation pay rises "are likely to act as a brake on the market". Property bubble The Halifax estimates the average price of a house or flat in the UK is now £170,231. The last time house prices were higher than £170,000 was in September 2008. The number of mortgage approvals for house purchases - an indicator of completed house sales - rose by 10% between the first and second quarters of 2013. Continue reading the main story House price calculator Use our calculator to see where you can afford to rent or buy In July alone there were 60,600 approvals, the first time the number has exceeded 60,000 since 2008. The rise in prices and market activity, coupled with the Help to Buy scheme, which offers a government-backed loan of up to 20% of the price of the property, have increased fears that the country could be heading for another property bubble. But last month Mark Carney, governor of the Bank of England, said he was "acutely aware" of the risks, and had a "toolkit" of measures he could employ to combat unrestrained mortgage lending. Matthew Pointon, property economist at consultancy Capital Economics, said: "A short-term imbalance between housing demand and the number of homes on the market is driving price increases. "But the rise in wholesale interest rates seen over the past few weeks may soon start to feed through to mortgage rates, dampening demand." There are already signs that mortgage rates may have bottomed out, with some lenders increasing rates earlier this week." Well isn't this just marvelous news for all those bright young things with newly minted degrees and tens of thousands of pounds of student debt.

Time for a brand new rally.

Have the silver bugs woken up yet? Look, signs of life..........................well perhaps............., either that or just a load of shorts having their stops taken out.

The tumbleweed indicator. For the uninitiated, I post the tumbleweed when there has been a barren period (ie no posts on this topic for a while). Since this is likely a reflection of negative sentiment in the market it's good contrarian indicator. Up until the last couple of posts there had been a period of just over 5 weeks without posting on this topic... But how good is it as an indicator?

Must be time to buy then!

If Lawrence Summers gets the Feb job it could spell further trouble for Gold; Robin Harding of the Financial Times: “Lawrence Summers made dismissive remarks about the effectiveness of quantitative easing at a conference in April, raising the possibility of a big shift in US monetary policy if he becomes chairman of the Federal Reserve. “QE in my view is less efficacious for the real economy than most people suppose,” said Mr Summers according to an official summary of his remarks at a conference organised in Santa Monica by Drobny Global, obtained by the Financial Times.”

What about the people that don't know you? There aren't that many people on this forum. That's a generous offer but I personally don't know of anyone in the car business. As regards referring to the worst case scenario, why put this is in your request for funds, it's not good. Don't put any negativity in it, you should show how you are going to turn your dream into a reality. You need to come across in a manner that shows you believe firstly in yourself 100% and that you have 100% confidence that your vision can become a reality. If you are not 100% sure about it then why should someone else be? I wish you all the best with it Mansouryar. Do keep us posted. Thanks PD

Sentiment on silver doing a cliff dive;

As you might expect, sentiment is very low right now;

It should be SILVER mate, Wills and Kate tying the knot marked the TOP in silver. Kim Il-Jong's death marked a LOW in silver on December 2011. Such is the LIFE in the precious metals market. I'm seeking an event to signal the low in gold.

Gold - 5 years How low can it go?

It really does look like the April 2011 top was a very significant top, and it may not be passed for a number of years now, amazing.

Recent events in the precious metals sector are a graphic illustration why being "all in" might not be such a good idea. Because you might be wrong.