DoctorSolar
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Posts posted by DoctorSolar
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Up 10 percent today! New rally? I do think so ...
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.
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Compared with the best 5 year fixes with LTV 60%, yes.
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.
Also, if you think inflation is here to stay, yes.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.
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Wow, that's quite good
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.
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Would have, should have, could have ...
Gotta be in it to win it.
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.
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I am from Wonderland and I am here to show how deep the rabbit hole goes.
Do you subscribe to "Notes From the Rabbit Hole" too?
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Well, I bought despite thinking about selling or my Prechter concerns. I thank David Morgan who continually bangs away that 'discipline is important', 'price is irrelevant'.
My next little problem is Does this simply mean a double top or are we out of the blocks to 40 dollar silver? Either way I guess I'm turning into a silver slave buyer. Schuks...she's a hard mistress when I'm real a gold lover.
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!
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G:S = 43.65, is the squeeze on? Is the JPMorgue starting to get out?
James Turk - Short Squeeze in Silver Could Be the Big One
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How do I go about getting a gold SIPP? I'm in the UK.
This is a possibility:
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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.
the recent price above $1400/oz. may have provided us a historic opportunity on the short side..........
The November 10 Interim Report recommended that speculators sell gold short above $1400 with a stop at
$1490. Now that gold has slipped $90, we can lower the stop to $1399, which guarantees no loss on the position.
Gold and silver still might jump again to meet their resistance lines a second time; it’s happened before. But if we
don’t get stopped out, I expect to hold this position for six years.
.........
Where are the metals going? If I am right about deflation, the metals will fall further than anyone imagines.
Gold has five waves up since 1932 and is therefore facing a correction of that entire advance.
Excerpts from a post at: http://24knews.com/viewtopic.php?f=2&t...art=1180#p10340
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Gold Correction To $1260
http://www.gold-speculator.com/super-force...cal-update.html
Loving this steady stream of bearish articles HG. Lets dig a little deeper in to the actual content...
I still expect a move to $1260 for gold. We have made further progress towards my target this week and I have bought all the way down.So have I 834, 824 and right in to the most recent low...
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But I am probably splitting hairs as it seems we are all in violent agreement!
indeed -
The bottom isn't necessrily in yet!
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.
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So, GBP 817 was possibly the bottom.
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.
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Did you get serviced/delivery right up to your bathtub? (Some do.) azazel?
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Hi DS, My core position in Au was purchased below $925 so have a buffer to corrections. I have tried not to buy on the highs and try to remain alert on the falls with prices falling back to say $1250-$1000 or below (if at all possible) would bring me back into the market with remaining funds.
The price certainly got ahead of itself in the run up from the autumn and did not buy into rally up.
Since Au purchases I have bought back into Ag in autumn 2009 which, as we know, went up 82% last year with Au up 28%. I have posted some bearish articles as evidence of bearish market sentiment which probably sums up some current thinking but each to their own etc. Cheers
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.
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Gold fails in the battle for higher risk appetite opportunities
Published on: February 02, 2011 at 16:35
As Gold makes slow and steady decline, investors are turning to higher risk appetite investments virtually ditching the yellow metal which gave them safe haven for long.
Traders and speculators in the international market did not find any reason to go long at the moment because the big hedge funds were keeping money away from the Gold market.
http://www.commodityonline.com/news/Gold-f...-36164-3-1.html
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
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I bought some bullion today.
Looks like we have some head and shouldering in play
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I bought some bullion today.
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
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It would be great to get a 7xx price, but I just can't see it.
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...
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Just ordered a little more in case it should all go tango uniform early next week.
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.
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Double post...
Great Howestreet.com interview with Ross Clark and some great charts if you are into that sort of thing:
2011 Positive for Precious Metals
http://howestreet.com/2011/01/2011-positive-precious-metals/
$2155 MINIMUM upside target for gold within 6 to 18 months!
Eric Sprott's "best technical adviser" also thinks gold is on its way to $2150:
Our best technical advisor, he thinks (gold) it’s going to $2,150, and he thinks it is going to $2,150 this spring.http://kingworldnews.com/kingworldnews/KWN..._by_Spring.html
I wonder if their technical adviser is also Ross Clark?
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I've been selling put spreads on GDX, I reckon $1300 area makes sense for an interim low.
And has anyone noticed that this is page number 1300 of the gold thread. Is this a subtle message from the GEI forum itself?
Yes
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Getting close to the bottom now...
Now, while not putting myself out of business by getting too detailed, the dynamics are in place whereby it is appropriate to become more bullish the lower the metal goes.....Look at the cliff jump gold is taking as I write. It's beautiful. But it's not yet to target.
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With gold back at £834 I think it could be time to start buying again. I'm thinking a pyramid of buys of increasing size every £10 down from here. Anything below £800 seems a gift.
Well I got my 824 buy order filled after all
indeed
GOLD
in Gold, FX, Stocks / Diaries & Blogs
Posted
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...