Perishabull

The last few years of TLT (weekly) (log) Recently it's bounced off the lower channel, will it hold? I don't think so.

The question is has Gold consolidate enough. I think so. This is GLD; (log)

SLV has just completed a nice ABCD move. I'm increasing my position on gold at the moment, and would look for silver to move higher also from this point. (log)

Gold starting to look lively here...

Here you go, right on cue, I've added a couple of lines to give an idea of possible trendlines; According to this it could even go down to as low as $1400 and still be in an uptrend, any lower though and that view would be thrown into severe doubt. Strangely I've not been concerned about this downmove and that is worrying in itself, sentiment according to sentimentrader is at 50%, really not very low at all....uh oh.

Lol, how did I know you would say that. I'll put that up tomorrow.

GLD This is over the last few years, doesn't look quite so bad, I would get concerned if it went below $1500...

No santa rally for gold!

What's the closest thing to executing a short against Candy and Candy?

I think Odey wants a 0% interest rate since it would create a huge boom, making it very easy for his hedge fund to make profits.

That's one of the interesting things about people, some of them will believe unbelievable things. "Austrian driver allowed 'pastafarian' headgear photo An Austrian atheist has won the right to be shown on his driving-licence photo wearing a pasta strainer as "religious headgear". Niko Alm first applied for the licence three years ago after reading that headgear was allowed in official pictures only for confessional reasons. Mr Alm said the sieve was a requirement of his religion, pastafarianism. Later a police spokesman explained that the licence was issued because Mr Alm's face was fully visible in the photo. "The photo was not approved on religious grounds. The only criterion for photos in driving licence applications is that the whole face must be visible," said Manfred Reinthaler, a police spokesman in Vienna. He was speaking on Wednesday, after Austrian media had first reported Mr Alm's reason for wearing the pasta strainer. After receiving his application the Austrian authorities had required him to obtain a doctor's certificate that he was "psychologically fit" to drive. According to Mr Reinthaler, "the licence has been ready since October 2009 - it was not collected, that's all there is to it". The idea came into Mr Alm's noodle three years ago as a way of making a serious, if ironic, point. A self-confessed atheist, Mr Alm says he belongs to the Church of the Flying Spaghetti Monster, a light-hearted, US-based faith whose members call themselves pastafarians. A medical interview established the self-styled "pastafarian" was mentally fit to drive The group's website states that "the only dogma allowed in the Church of the Flying Spaghetti Monster is the rejection of dogma". In response to pressure for American schools to teach the theory known as intelligent design, which some Christians favour as an alternative to natural selection, the Church of the Flying Spaghetti Monster wrote to the Kansas School Board asking for the pastafarian version of intelligent design to be taught to schoolchildren. Straining credulity In the same spirit, Mr Alm's pastafarian-style application for a driving licence was a response to the Austrian recognition of confessional headgear in official photographs. The licence took three years to come through and, according to Mr Alm, he was asked to submit to a medical interview to check on his mental fitness to drive but - straining credulity - his efforts have finally paid off. It is the police who issue driving licences in Austria, and they have duly issued a laminated card showing Mr Alm in his unorthodox item of religious headgear. When asked for his reaction to Mr Reinthaler's comments, Mr Alm told the broadcaster ORF: "I didn't know I was guilty of not collecting it. That doesn't alter the fact that it still took nearly a year [to be issued]". The next step, Mr Alm told the Austrian news agency APA, is to apply to the Austrian authorities for pastafarianism to become an officially recognised faith." Courtesy of BBC

From South China Morning Post; "A buyer has paid HK$68,083 per square foot for a luxury flat at Opus Hong Kong, the new Frank Gehry-designed residential building in Mid-Levels East, a record for an apartment in Hong Kong and Asia in terms of price per square foot. Data from the Lands Registry show the flat, on the 9th floor of the building at 53 Stubbs Road, was sold for HK$455 million on October 17, nine days before the government announced measures to curb property speculation. There is no information on the buyer. The 6,683 sq ft flat offers a view of the city and Victoria Harbour. The price beat the previous record, set by a duplex flat at 39 Conduit Road in Mid-Levels West, which sold for HK$360.7 million, or HK$63,999 per sq ft in April last year. Ricky Poon, executive director of Colliers International's residential sales department, believes the buyer was willing to pay a record-breaking price because there is a lack of flats bigger than 6,000 sq ft and it is the latest luxury development in the city. The price is almost 6 per cent higher than that paid for a flat on the 8th floor at Opus Hong Kong, which sold for HK$430 million or HK$63,657 per sq ft in August. The 12-storey Opus Hong Kong, developed by Swire Properties, provides 10 flats and two double-level garden apartments with private swimming pools. The flats are 6,000 to 6,900 sq ft. Gehry's previous designs include the Guggenheim Museum in Spain and the Walt Disney Concert Hall in Los Angeles. Despite the luxury residential market taking a hit from the government's new measures since the record-breaking deal was signed, Poon said he did not expect the buyer to cancel. "I don't think Swire would cut their asking prices for the remaining flats. They would rather keep the flats for leasing. And luxury residential prices have dropped a few per cent only and the buyer did not need to pay the new buyer's stamp duty and new rate of special stamp duty," he said."

And I'm sure it's Gallivant who does the polishing! Welcome Gallivant, looking forward to your posts here.

Very nice if you have plenty of funds to plough into it. Sometimes it can be interesting to look at search trends on Google trends. I looked at search frequency in the UK for the term "house prices uk" from 2004 until now. Here's what it shows; It doesn't give concrete figures for searches but only how the trend has developed over time, so 100 represents peak search volume over the timeframe in question. The highest point looks to be February 2007, about 5/6 months before the absolute top. Then it went down to 20% of peak by the end of 2010. Now it's back to 70% of peak and appears to be on an upswing.

SLV and SIL This is SLV (Physical Silver ETF) in black with SIL (Silver miners ETF) in blue. It's a semi-log chart to show relative performance. It seems that from Jan 2011, SIL has broadly speaking, underperformed in comparison to SLV. If you look at the margin of difference for SIL between May this year and now, compared to SLV, it appears to indicicate that we are now entering a period of outperformance, relative to SLV, for the silver miners.

COT chart courtesy of www.sentimentrader.com The small specs have been more overexposed in the last 2/3 months than at any other time in the last 8 years. Could that suggest a larger correction coming?

Gold sentiment courtesy of www.sentimentrader.com Chart is only up to date as of 30th October, so it's probably down at 50 or lower now, what with the recent drops.

http://www.youtube.com/watch?v=RjQu9qFpStw&t=13m20s 13 mins 20 secs

Excerpt from telegraph.co.uk; http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/9629688/Tough-new-mortgage-rules-to-hit-first-time-buyers-and-borrowers-in-their-50s.html "Tough new mortgage rules to hit first-time buyers and borrowers in their 50s Tough new mortgage lending rules to be announced tomorrow are expected to hit millions of prospective first-time buyers as well as those in their 50s. The regulations, designed to bring an end to the reckless borrowing of the past, are likely to mean those wanting to get on the property ladder continue to face high hurdles to take out loans. The Council of Mortgage Lenders warned that it would mean today’s tight lending conditions remained a “permanent feature” of the property market. Among those affected by tomorrow’s announcement by the Financial Services Authority will be those looking to take out interest-only mortgages. Because they have lower monthly repayments, these types of loans have in the past helped millions get onto the housing ladder. It is expected that under the new rules, these borrowers will in future have to show that they are saving a pot of money to pay off the capital when the mortgage matures. Lenders would be required to check at least once during the term of the loan that the savings pot its still in place, it is thought."

They are slightly lighter, which I'm guessing wouldn't happen with a real one?

Found some more info, apparently it's a commonly faked coin.