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cgnao

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Posts posted by cgnao

  1. Gqnao, i agree with your thoughts ref the $, however as for the £ they don't seem to be pouring money into the market, might the UK not have the hyperinflation?

    Mike

     

    They don't need to pour any more. The money is already out there. Unless interest rates climb well above the M4 money supply growth rate, there is no way to stop prices.

  2. They're either playing with us... or have run out of ammo.

     

    I suspect it's the former and wouldn't bet against a massive whack at some point this week (massive being below $950 but still above $920).

     

    Are the days of sub-$900 gold behind us? I think so.

     

    This ain't no game.

  3. 550 - easy peasy :-)

     

    The world and his dog though we'd fight with the 550 ceiling, so todays action is amazing and wonderfully bullish

     

    So today it will now rocket up from here! ...imho

     

    You can be sure the kitchen sink will be thrown at it this afternoon on the COMEX.

  4. This is the commodities panic, they buy everything that is cheap.

     

    No. This is the dreaded crack-up boom described by Ludwig von Mises, who wrote

     

    "If the credit expansion is not stopped in time, the boom turns into the crack-up boom; the flight into real values begins, and the whole monetary system founders. Continuous inflation (credit expansion) must finally end in the crack-up boom and the complete breakdown of the currency system."

  5. I believe it is possible to own allocated with silver with Bairds and not pay VAT, because you don' take delivery.

     

    In the UK that is only possible with unallocated silver.

     

    Owning unallocated silver is an oxymoron. All you own is a piece of paper stating that the dealer owes you silver.

     

  6. Are you suggesting that modern SB firms control enough of the market to produce such movements in major indices like the S&P or FTSE, or commodities like oil or gold?

     

    They don't need to.

     

    what the heck hapened here, can somebody tell me? they took my silver at 17.79, had a stop at that price

     

  7. http://en.wikipedia.org/wiki/Bucket_shop_%28stock_market%29

     

    The highly leveraged use of margins theoretically gave the speculators equally large upside potential. However, if a bucket shop held a large position on a stock, it might sell the stock on the real stock exchange, causing the price on the ticker tape to momentarily move down enough to wipe out its clients margins, and the bucket shop could take 100% of their investments.

  8. igindex.co.uk

     

    And I've checked the overnight spot silver charts and the price didn't drop below $18.05 until nearly 8am BST this morning when it hit $18.043.

     

    I'd have a word with your current provider. They *may* compensate you. I saw issues once with the feed from Cantor Index which they fixed. The price of a currency pair went to something like 100x what it should be ... but they fixed it.

     

    Let me clarify this once and for all.

     

    Spread betting outfits are just modern age bucket shops.

     

    There is no trade entered on any market anywhere when you place a bet with them.

     

    They are out there to rip you off.

     

    http://en.wikipedia.org/wiki/Bucket_shop_%28stock_market%29

     

    ONLY SUCKERS SPREAD BET

     

     

     

  9. is anyone buying at 930-940 or does anyone expect it to come back down again to the low 900s?

     

    Gold is staying overbought, characteristic of great bull markets. Those who want in are waiting for the correction that a seeming army of analysts are promising is "just around the corner." Meanwhile, the gold bull snorts, tosses his head -- and moves higher. The twin bull of silver does the same.

     

    -- Richard Russell, 2006

  10. Today I loaded up on these @4.1 EUR.

     

    ISIN CH0024125145

     

    Call 1.000,00 USD 14.09.09

     

    Just an update. 6.5 EUR today, +58.5% since June 12.

     

    PS. They are issued by UBS. This and other gold derivatives they issued over the past few years will crucify them.

  11. http://www.marketwatch.com/news/story/gold...0629E1A6F5D7%7D

    Gold revs its engine and squeals down the track

    Prices were stuck in a $50 trading range until the Fed sent the dollar reeling

    Last update: 7:30 a.m. EDT June 27, 2008

     

    SAN FRANCISCO (MarketWatch) -- The U.S. Federal Reserve gave gold the fuel it needed to restart its engine and the precious metal has already driven through the trading range barrier it's been stuck in for the past month.

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