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signofthetimes

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  4. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    lifted from the coininvest homepage..........

     

    Osama bin Laden and Comex - a nice couple

    2011-05-03 15:03

     

    Osama bin Laden and Comex - a nice couple

     

    Nearly 10 years after the attack on the WTC, Osama bin Laden was killed by US forces in the night of 2nd of May 2011.

     

    “Justice has been done” were the words, President Obama used, after the kill of the public enemy number one.

     

    The market reacted immediately: the US stocks began to rise as well as the Dollar. Asian and European stock markets achieved a two-month high but the commodity market dropped down.

     

    But Osama bin Laden’s death was not solely responsible for yesterday’s price drop.

     

    Another fact influenced silver which had dropped about 10% in one day:

     

    Comex raised the silver margins for a second time in one week.

     

    Now you have to deposit a minimum amount of 16.200$ cash when trading silver futures – per contract.

     

    It is expected that traders will get used to this security deposit soon. Analysts don’t seem to see any reasons why silver should not rise again soon.

  10. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    This thread is rapidly descending towards YouTube comments quality. All we really need is the obligatory "your a retard" and the Rubicon will be well and truly crossed. Any way we can get back on topic without a mass he said/she said flamewar? I've mentioned GEI to a few friends who are starting to develop an interest in PMs, but this thread isn't exactly a good advert for the topic.

     

    here here

     

     

  17. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I have to admit, I sold a tiny teeny 5% of my silver yesterday. I bought some gold with it. We'll see how that pans out. I will re-buy silver on a dip in ~3 weeks' time (payday) and if there is no dip, will buy some more gold. My Silver position was largely accumulated at G:S >80, around $10/oz, so I am taking a little profit in gold. Also helps a bit with capital gains.

     

    I am still absolutely convinced silver will go over $30, but the last few weeks seem extreme. I will not sell any more silver until G:S is well below where it is now, but I think we may be in for a G:S pullback from ~52 to ~60.

     

    Sorry if I have offended the silver crowd! - it's just a little bit of G:S-ratio-trade profit-taking coupled with a bit of capital gains liability management.

     

    Can you help me with explaining the protocol for declaring capital gains? If I make a gain within my personal allowance for that tax year, do I have to declare it or is it up to HMRC to ask me for it. As long as I keep a record of any gains made, is that sufficient? Cheers :)

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    That's the outfit that I usually use, and I'm very pleased with them.

     

    They are very good, also dealt with them recently but I know they have a long waiting list for British coins whereas if you order from CID (also excellent) you will have your coins this week

  24. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    This is the biggest financial crisis ever. You don't want to sell your physical gold only because the price fluctuates a little every now and then.

     

    Very true GF, although some of us are restructuring our 'portfolios' in anticipation of the CGT increases to come :)

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