DoctorSolar

I guess a lot of folks on here count in pounds sterling so are awaiting a close above £914... but in any case the lack of excitement is a very bullish indicator IMHO...

This is the Patrick Cox newsletter effect in full swing. He just released a new piece in his break through technology alert on NNVC today. We need solid news for this to hold I reckon.

Relative to other mortgages maybe. But does it offer a good enough deal that folks should buy as oppose to rent? Clearly with the numbers I have presented it doesn't stack up at all. Do you mean "Also, if you think inflation is here to stay" AND believe that this will result in much higher wages as a result? High inflation without higher wages will not help house prices one bit.

Is it? The flat I rent would sell for at least £222k. With a 10% deposit you need to borrow £200k to buy this place. Mortgage payments at 6.59% over 25 year term work out at Repayment: £1361 Interest only*: £1098 My monthly rent is £750 and I don't have to pay anything for repairs and maintenance etc.. So at a bare minimum I am saving £350 a month relative to this "deal". Interest is after all "money down the drain" But then factor in the fact that my deposit is earning me cash and well buying this place is not good at all.

Bingo! A mind boggling number of newsletter writers took silver short positions last week and were encouraging their subscribers to go short too to "hedge" their gold positions and "manage risk" . Good grief! Those guys are toast! Fortunately I didn't follow their advice but yes I will be canceling a few subscriptions this evening.

Do you subscribe to "Notes From the Rabbit Hole" too? http://biiwii.blogspot.com/

Double top? I think not. Have a wee listen to Ross Clarks latest Howestreet.com interview: http://howestreet.com/2011/02/precious-metals-on-target/ Also remember all the talk of a double top in palladium in Sept/Oct last year? Look what happened there - a huge 30% blast off. It's amazing to me how completely and utterly wrong so many pundits have been on silver. Look at all the blogs and articles name calling silver investors when instead they should have just been calmly advising folks to buy!

James Turk - Short Squeeze in Silver Could Be the Big One

This is a possibility: http://www.goldmoney.com/gold-silver-pensions.html

G0ldfinger you are going to love this from Prechter's January newsletter. To summarise: a 6 year bear market in gold taking us all the way back to $35 per oz. Excerpts from a post at: http://24knews.com/viewtopic.php?f=2&t...art=1180#p10340

Loving this steady stream of bearish articles HG. Lets dig a little deeper in to the actual content... So have I 834, 824 and right in to the most recent low...

indeed

Indeed hence the use of the phrases "Could be" and "might have been". No one here is pronouncing anything but possibilities. That's precisely why I buy weakness and continue to buy further weakness rather than a single price point plop.

Could be... got more buy orders under this just in case though. The gold mining stocks seem to be leading the way out of this "correction" which is usually a good sign. Folks don't bid up the gold stocks if they think gold is going down.

azazel?

Thanks for that HG. Yes there is quite a lot of bearish sentiment around. My take is that it might signal we are close to the bottom here. But who knows... I'm prepared for further falls if they happen.

Hi HG, I notice a steady stream of gold bear articles being posted by yourself of late. Care to add your own comments to these pieces? Or do these articles perfectly sum up what you are thinking currently? Cheers

Looks like we have some head and shouldering in play

Frizzers your 144 and 200 day MA charts have been excellent - great stuff! Here's another courtesy of biiwii blog. Hiding in plain sight http://biiwii.blogspot.com/2011/02/gold-th...lain-sight.html

At sub 800 I would be buying with both hands too but I can't really see that happening either. At 824 I got the same feeling as I had at 750 in Aug 2010 and 569 in July 2009... time will tell...

I did the same this evening too. I grabbed some ounces at £834 and £824 last week. I doubt any of my pyramid of buy orders below that will get filled now that we have bounced off the 200 day moving average.

Eric Sprott's "best technical adviser" also thinks gold is on its way to $2150: http://kingworldnews.com/kingworldnews/KWN..._by_Spring.html I wonder if their technical adviser is also Ross Clark?

Yes

Getting close to the bottom now... http://biiwii.blogspot.com/2011/01/gold_27.html

Well I got my 824 buy order filled after all