Perishabull

Cyprus

The ratio of GLD to SPX over the last few years; The last time the ratio was at 0.09, (GLD was 9% of SPX) was August 2009. The ratio turned higher and gold embarked on a multi year rally. The ratio of GLD to SPX is back at that 0.09 level now. GLD in blue

Peter Campbell of M3 Financial Sense - his take;

Different perspectives on gold; Volume profile and Linear Regression 3 year continuous futures with volume profile; The light blue shown on this chart is volume profile. That is showing the volume of trade at each price level (as opposed to volume of trade per day shown at the bottom). The horizontal line emerging from the light blue and running the whole way accross the chart shows the price level over the last 3 years where most volume transacted - $1661.60. The volume profile shows the amount of trade at each price level over the last 3 years. So at $1450 you can see the volume of trade was very low indeed (just below the blue line beneath 'LESS TRADE', and as you look at higher prices, the volume has steadily increased at each price level. Gold has recently sold off very sharply from around $1550 to $1476.10 where it sits now. So as the price moved lower and lower from $1550 to $1476.10, the price moved deeper into price levels where trade volume was less and less. That may partly explain why the move lower was so sharp, certainly if there was some manipluation it's clear from this chart that the price would be particularly vulnerable at the $1550 level. So I would certainly expect to see gold move down and through $1450 (trade volume historically low at that level) You can see below the 'SOLID TRADE BELOW HERE' line there is a sizeable and consistent block of volume. in other words there was a lot of gold traded between $1430 and $1350. So based on this I would be looking for gold to move down to $1430 and then be met with solid support. This next chart is 5 year and shows the 'air pocket' in terms of lack of volume more clearly. At the left axis of the chart just above the blue line there is very little volume. This very low volume region is $1450 to $1500. This 5 year chart shows gold (in log) with Linear Regression lines These help to provide longer term context (see explanation below). The lowest trendline represents 3 standard deviations from the mean and is currently at $1432, so if gold were at that level today it would be 3 standard deviations from the average price over the last 5 years. Over any period price can only exceed 3 standard deviations for 0.3% of the period covered. You can see that when gold topped in 2011 it spent very little time above the upper 3 standard deviation line. Interestingly looking at it from this perspective confirms the analysis of the volume profile aspect (that price could go to $1430 but then be met with very strong buying). Of course by its very nature Linear Regression is constantly moving, albeit it's slower over longer periods like this, but what this does show is that we are nearing an extreme.

That interview link doesn't work but I found another - http://www.starpod.us/2006/09/30/starstream-research-interviews-iranian-physicist-mohammad-mansouryar/#.UWnAGz7E2Ac

Hi Mansouryar, what do you make of this? (A story on RT) http://rt.com/news/i...prediction-692/ "Iranian ‘time machine’ can ‘predict’ oil prices and wars An Iranian inventor claims to have created a ‘time machine’ that can predict a person’s future. He boasts that the device is relatively cheap, but says he has not built one yet because he fears that the Chinese will steal his idea. Ali Razeghi, 27, has submitted his invention to the state-run Centre for Strategic Inventions for registration. The device is called “The Aryayek Time Traveling Machine,” FARS news agency reported. Razeghi said he worked on his creation for the last 10 years, resulting in a desktop-computer-sized machine that can "predict five to eight years of the future life of any individual, with 98 percent accuracy." The man, who has 179 other inventions under his belt, eyes governmental applications for his prediction device with uses both civilian and military. "Naturally a government that can see five years into the future would be able to prepare itself for challenges that might destabilize it," he explained. "As such we expect to market this invention among states as well as individuals once we reach a mass-production stage." Razeghi also claimed to have beaten competitors working on similar devices: “The Americans are trying to make this invention by spending millions of dollars on it where I have already achieved it by a fraction of the cost." He added that he is concerned about industrial espionage, as other nations will be eager to learn his secrets. "The reason that we are not launching our prototype at this stage is that the Chinese will steal the idea and produce it in millions overnight," he said. The news has intruguied the English-language media. However, as the story went viral, the Fars news story became unavaliable as the link now shows an error page. Predicting the future, even on relatively narrow issues, is a notoriously complex task. It usually requires creating an accurate computer model of a system that takes into account numerous factors, and often requires plenty of computational power. Predicting a future event in its entirety is virtually impossible with existing technology."

Yes the volume aspect was very suspect. The last time volume in gold was at this level was 26th September 2011, when price crashed down to $1535, before recovering to $1630 that day.

That's just ridiculous isn't it.

Better shorting Goldman and going long gold.

Sentiment very low indeed.

From http://theshortsideoflong.blogspot.co.uk/2013/04/chart-of-day-silver-shorts.html

Perhaps if we see a charge into gold it will start with the Japanese, the BoJ seems intent on destroying the Yen.

My god, how I laughed when I read this - not at the misfortune of the people involved but just the sheer black comedy of the situation which has been completely missed by the Daily Mail. Dailymail.com; "The Alzheimer's gran 'betrayed by her bank': Widow, 80, faces losing home after being handed a £470,000 mortgage she couldn’t repay Irene Rose Hearn, then 74, was granted a £470,000 interest-only mortgage She was only able to afford it with the help of her son Rodger Her Alzheimer's set in just three years after she got the mortgage Santander has now applied to repossess the home of the widow A bank has applied to repossess the home of an 80-year-old Alzheimer’s sufferer after giving her a mortgage she could not hope to repay. Just seven months before the credit crunch struck, Irene Rose Hearn, then 74, was allowed to take out a £470,000 interest-only five-year mortgage by the Abbey National. Experts say it would be ‘virtually impossible’ for Mrs Hearn to take out such a loan in today’s more prudent lending climate. Mrs Hearn, a widow with 13 grandchildren, had been hoping to repay the loan by selling the house because, at the time, property prices were rising and the economy was booming. But the financial crisis means she is unable to pay it back by selling up as the £675,000 house has plunged £200,000 in value. She is now facing a court battle to keep the family home. In 2006, three years before her family say her Alzheimer’s set in, Mrs Hearn, a retired property developer, agreed to pay a monthly mortgage bill of £493 even though she could afford it only with help from her son Rodger, 58. But when this deal ended, she was put on a new repayment loan arrangement by Santander, which took over Abbey, and was told she had to pay £4,219 a month. Unable to make the repayments on her £594-a-month pension, she fell into debt and was taken to court by the bank, which won a repossession order on the house, which her son arranged to have built for her. The family are challenging the court decision, but may lose the detached four-bedroom house in the exclusive area of Lilliput in Poole, Dorset, near the millionaires’ playground of Sandbanks. Her son, also a property developer, said: ‘This is appalling behaviour by a bank. Santander messed up by giving her the wrong mortgage and are now saying they want their money back. Irene was granted the mortgage by the Abbey National just three years before her Alzheimer's set in ‘So they forced a mortgage on her that she simply could not afford so that they could repossess the house and get some of their money back. How could any bank force a ten-year repayment mortgage on an 80-year-old? It’s madness to think she could afford to pay £4,000-a-month. She’s retired.’ The heartbreaking case comes just before a damning investigation by the Financial Services Authority (FSA) is expected to reveal the full scale of the interest-only mortgage scandal, which some experts fear could be the next mis-selling debacle. Around 40 per cent of homeowners who have a mortgage have an interest-only loan, which means they only pay the interest every month, but not a penny of the actual loan. In recent months, some of Britain’s biggest mortgage lenders, such as the Nationwide, Co-Op, HSBC, RBS, have all stopped selling these controversial types of mortgage. Santander now insists on a 50per cent deposit to secure an interest-only loan" etc etc http://www.dailymail...dn-t-repay.html This sounds like a flip gone wrong.

Well I've reopened my story with silver having just made some small purchases; I've been out of the silver market since 22nd September 2011, I had previously sold half right at the top and bought puts, closed the puts within a few days at $35 and held onto the other half of my silver holdings. Then from 21st to 22nd September 2011 silver went from $40 to $36 - 10% down in one day, I immediately realised that that was it for silver for some time and sold the other half. I originally bought in September 2008 at about $11 then a further purchase in August 2010 at $18 (I think it was) so clearly that worked out rather well. It's nearly 2 years since that top at the end of April 2011, I think silver has had enough time to consolidate, gold too. More to the point I'm bullish on gold and the miners have been absolutely crushed again reflecting the abysmal sentiment in the precious metals sector. Sentiment on the dollar is too bullish right now.

Stock/Bond ratio; www.sentimentrader.com

Gold sentiment; www.sentimentrader.com

Silver sentiment; www.sentimentrader.com

Haha, he means both I think!

Is gold about to rocket or is the pound about to collapse....?

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

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

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...?

Love this http://www.youtube.com/watch?v=xQM_iqtQ1wo

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/1_Hathaway_-_The_Most_Important_Gold_Chart_You_Will_Ever_See.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/1_Hathaway_-_The_Most_Important_Gold_Chart_You_Will_Ever_See.html